Hi Guys - The real alt season is nearly here and XTZ is looking to do something special.
Zoom out on graph
Note first 5 waves before pump, good accumulation, just completed the second round of 5 waves and accumulation, looking ready for takeoff.
Needs to clear 9982 satoshis (dotted line) then needs to clear 10392 satsoshis for it to head into parabola, should...
XTZ finally broke the correction falling wedge that it had formed in 190 days, and I think it has a long position and a proper buy setup for long term .
Yellow rectangle is a support level and It had potential to pullback.
This next leg up on XTZ should hit my TP around $4 plus. Daily Stochastic getting oversold but fighting to stay in the purple box zone,
H4 looking to start moving towards overbought this should lift the daily & keep elevating the weekly stoch rsi as well. I will close 50% of my position at my TP & keep the rest on free ride for the moon shot whenever that day arrives.
🌟 Techincal Analysis🌟
Not a much talking
gaint ascending channel
If the price can hold above 1.77$ this idea is active
Note : not a buy signal from this point
Signal comes with buy area and stop loss and sell targets
Just directional route for who already in (long term)
Good luck and happy trading 🌹
XTZBTC has been one of the most consistent pairs throughout the year 2020 so far. So consistent, that in fact helped me calculate the exact top and take a sell position and hit the target with surgical accuracy as you can see on the idea below:
Now I believe it is time to start...
XTZBTC is printing the same top formation almost that it did in July 16/17. That was after a Golden Cross on the 4H chart. See how the current MACD and RSI patterns are identical and are on their top formations.
Time to offload XTZ and buy much lower? What do you think?
** Please support this idea with your likes and comments, it is the best way to keep it...
~~ This is a continuation of the previous post, link below ~~
Today, after a bullish div move, we have Tezos on its way up (BTC pairing).
> Macro structure as you see is in the complex correction wave with a descending top declining flat...
XTZ/BTC - TEZOS - is in a VERY BULLISH TRIANGLE!
Enter in the green area. If price action falls to the bottom of the triangle, that would be agreat entry.
BTC needs to behave! Keep an eye on Bitcoin and Bitcoin Dominance!
Trade safe my friends....
Wow! This chart looks amazing! I do not know much about the fundamentals that surround this coin or the company, but the technical analysis look bullish if the support can hold. A quick look at the stats from coinmarketcap; This coin is ranked #14 with a circulating supply of 738,559,491 XTZ.
Now for the technical analysis. The triangle that i have created...