#XTZ #TEZOS has formed an Inverse Head and Shoulders pattern. Currently, the right shoulder is finding support, and a bounce to the upside could occur. The expected scenario is illustrated in the chart.
This is a huge accumulation. Tezos is about to launch. We're in the Bu/LPS stage right now, right before the markup. Perfect LPS right onto the AR low. Don't miss out!
Hello everyone,
This is an update on my Tezos long idea which I posted about 1 month ago. As you can see, the predicted range for Early January has been hit and will probably be surpassed very shortly (well it is MID January at the moment but we had a little bit of fake news as well as instant trillion dollar valuation dreams concerning the Bitcoin ETF). Tezos...
Logarithm. Secondary trend. Time frame 3 days. Horizontal accumulation channel. Formation of the wedge 9 months. Now there is a breakthrough of its resistance. The targets of the wedge and the channel are shown. Also medium-term targets at the exit from this horizontal channel. At the resistance of the accumulation channel be careful and protect the profit.
Now...
Based on the given market data, the XTZ to USDT pair is currently priced at 0.861 USDT per XTZ. The four-hour Relative Strength Index (RSI) is at 68.20, indicating that the cryptocurrency is nearing the overbought territory. This could suggest that a price correction might be due soon. The Moving Average Convergence Divergence (MACD) for the same period is 0.017,...
Overnight, Tezos (XTZ) rose by more than 14% as trading volume in South Korea exceeded its monthly average by seven times.
This also led to the liquidation of about $500,000 worth of positions, after which the value of the coin, as is usually the case, began to gradually decline.
After the price growth to the resistance area of 1.5, we see a drop back to 1.2. Here it is necessary to wait for the next move and determine the direction of the trade.
XTZ has formed a nice inverted H&S structure however the right shoulder is yet to form. The right shoulder is a bullish act.
I have shown this bullish move with the white bars pattern
Inverted H&S is a reversal pattern and is good for the bulls.
Daily timeframe
Here is the whole trading history of the once quite popular pair XTZUSDT
The XTZ price grew skillfully during 2019-2021 from $0.35 to $9
And then a stable downward trend, which has been going on for more than a year
Now the XTZUSD price is at a critical point.
If buyers can gain a foothold above $0.75 , there will be a good chance of working out the blue...
XTZUSD is forming the bear flag .
It doesn´t look like xtz formed the bottom like other altcoins did therefore we expect the bear flag to break down.
Speculative setup:
- price in a distribution mode
- wait for a break down to enter the trade
- target: 1 $
White rectangle period along green uptrend followed by red downtrend with the difference being in the second red downward line, going through and breaking the green uptrend
Regardless of this trendline break it could still signify a reversal
I put a long in on Tezos, here's another opportunity for a long.
entry - whenever you want ( i entered in at 1.5386)
tp - 1.6110
SL (3% or 5% of your entry) ( my SL is at 1.4925)
XTZ is one of the most legit projects in the crypto space.
I have a short term price target of $1.86 and $3 by the end of the year.
Looking forward to read your opinion about it.
The small golden coin for today with the possibility to increase to 3 USD.
It's interesting to watch it out coming 72H.
This is an expectation depending on technical analysis and not finance advice.
