At a strong resistance level, history has shown a pullback to have occurred when price has reached this price every time. If history repeats itself a return to the strong trendline is likely, extended gaussian channel supports this.
Hitting the fib ratios perfectly. If this keeps the wick candle and bounces off of support fib here I would believe we run into 20000 sats which would mean we broke the 19040 resistance. If that happens I am shooting for ATH.
A few weeks ago I posted an ascending triangle chart of XTZ/USD when btc was around $7,700. I was of the opinion that bitcoin could head lower, dragging down tezos pair with usd. Things have changed and I am now bullish bitcoin, expect it to re-test ath's in 2020, and believe Tezos will be a huge beneficiary of any upcoming bitcoin gains.
February 9 - 15...
Bounced quickly from ~14k sats support (breaking from descending trendline)
& currently is looking for a ~19k sats resistance level retest...(10% to go..)
Willing to see interaction with that level since I could't catch an entry on support
UCTS Buy signals on LTFs
Great opportunity for XTZ/BTC long entry. Besides bullish engulfing candle pattern. My C1 and C2 indicators both show the entry signal. price has been closed above 20EMA, the volume is decent.
If you look at the weekly chart, the price shows bullish as well.
Must be supported at 20MA and 50MA.
It is supported by 50MA and 1.310010.
It's basically where you're going to create the wave.
We need to check how the price of BTC and XTZ will move in the future.
From the BTC trend, I think it is highly likely that around January 21 (January 20-January 22) will be an...
BINANCE:XTZBTC Made a perfect retrace to the golden zone (between the 618 and 65). As long as that pivot holds there's an 80% chance it reaches the median line of the pitchfork. The initial algo target for this move is the -.236. The 4 hour currently resides in a bull flag so we should see some movement soon. This a mid-long term play so size your trade accordingly.
Forming bullish shark, can bounce near either green line, but more likely to have a bounce at the bottom one as it coincides with the bottom trendline.
I AM NOT A FINANCIAL ADVISER, these are just my thoughts, ideas and opinions!
Pretty simple. This is my first XTZ chart. I don't own any, but I was explaining to my small group recently that the 1500 level must hold for XTZ to make another move up. This is exactly what has happened. Unfortunately I was busy for much of today, so I wasn't able to post this before the recent price move. On the right, you can see the HitBTC chart with more...
Hello fellow traders,
XTZ has finished its ABC running flat correction after being accumulated in two fib zones for the past 2 weeks. I think we are just starting a wave three so my minimum target is at least $2.50, if we have good volume my targets will be fibs above that.
Good luck with your trades! :)