P_S_trade

XTZ - 6h. Ahead of $9 for Tezos?

BINANCE:XTZUSDT   Tezos / TetherUS
In just 5 days after the publication of our previous idea, the XTZ price reached the target:

Buyers managed to cope with the range of $4.9-5. Although after the breakdown of this range, the buyers could not hold it, but the price found support a little lower. As a result, on April 4, the price of XTZUSDT increased by about 40% during the day.

It is worth paying attention to the trading volumes, thanks to which buyers were able to renew the high:
As you can see from the chart, the sellers' stop orders helped the Tezos price rise significantly. However, the sellers' attempt to return the price below the critical range of $5.4-5.65 failed. Although, despite the trading volumes, which sellers wanted to regain control of this range, they had serious intentions. The fact that buyers withstood such a blow at the highs indicates that they are serious about continuing the growth of the price of XTZUSD .

At the moment, the XTZ price is trying to break through the range of $6.65-6.95 . If buyers fail to take control of this range the first time, we will expect a local correction to the mark of $6.3 From this point, buyers will be able to continue the growth wave with an ultimate target of $9
An alternative scenario of the beginning of a global correction in the XTZ market will begin after breaking through the mark of $6.3. The likelihood of this scenario is increased by low trading volumes in the current wave of growth. Considering the situation on the BTC market, where the price moves in a global wedge , XTZ buyers may not have enough strength:
Nevertheless, this is an alternative scenario for now and we expect the growth trend to continue in the XTZ market.
_______________________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
>>2-летний ТРЕЙД марафон
Менторство
Помощь в управлении депозитом
https://defimood.com/

Бесплатные сигналы:
https://defimood.com/okex/

Telegram
https://cutt.ly/kxTh2Fh

>>2-year TRADE marathon
Deposit management assistance
https://defimood.com/en/

Comments

Amazing work as usual!
+2 Reply
P_S_trade Mahtab_Tradia
@Mahtab_Tradia, thank you
+1 Reply
I agree with your analysis!🔥
+2 Reply
P_S_trade FieryTrading
@FieryTrading, thank you
Reply
stay awesome buddy
+1 Reply
P_S_trade T_V_TreeTrader
@T_V_TreeTrader, thanks)
Reply
Beautiful setup mate.
+1 Reply
P_S_trade T_V_TreeTrader
Reply
exceptional work you are doing
+1 Reply
P_S_trade YMGroup
@YMGroup, thank you and good luck!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter