1H trend chart
XTZ has been falling due to the upper trend line.
Recently, it eventually broke it out, and can see there is a double bottom.
However, should notice there were lots of fake-out on the way down.(trend line needed to be modified)
So if price can keep standing firm at $6.792(Fib 0.382) in 1H, trading strategy as below.
Hello Enthusiast Coin Traders! Here's long-term outlook for XTZUSDT, Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)
XTZUSDT is breaking out of the falling wedge pattern. Breakout of falling wedge pattern could be an indication of bullish trend. The momentum indicator crossed above the zero area, it signify the potential of...
XTZUSD - Intraday - We look to Buy a break of 7.502 (stop at 7.277)
Pivot resistance is at 7.500.
Price action has continued to range within a triangle formation.
Daily signals are mildly bullish.
Our profit targets will be 8.141 and 8.341
Resistance: 7.500 / 8.000 / 8.500
Support: 7.200 / 7.000 / 6.600
XTZUSDT reached a new ATH at 9.171, and was fall sharply to 7.2.
Look at the XTZBTC chart you will see a 3-year trend line play as a resistance which stopped XTZ from going higher.
I can't tell you when XTZ will break this line. But this pattern reminds me of Bitcoin price action back in late July 2020:
#TEZOS #XTZ 4H CHART ANALYSIS
STOP LOSS: 6.39
Based on the formation of the triangle pattern as well as the movement channels and the use of Fibonacci, one can expect the price to grow to the specified targets.
Our idea is first for those who trade XTZUSDT and hold a long
To begin with, it is worth saying that over the last month the price of Tezos made x3 rise, from $2 to $6 , and the rise was almost without correction, and they are needed.
We hardly believe that the price of XTZUSD will be able to rise above $6.25 again in the nearest future, maybe not even that and...
Tezos is 1) approaching/already landed on a firm support 2) approaching the 50MA which it has previously skipped off of on three prior occasions 3) gearing up to retest it's September - October pennant.
Wicks are also suggesting a good response to to this support level
Look below for analysis of its BTC pairing
This is all contingent on BTC continuing its...
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Everything on the chart.
open pos: 7.5-7.9
target: 9.3 - 10.4 - 11.5
after first target reached move ur stop to breakeven
stop: ~6.1 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 2
Good luck everyone!
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1H trend chart
A strong support zone was formed from long-term neckline, and it really seems effective for price while falling.
Moreover, a downtrend line keeps price converging and gradually forms a triangle.
Now, direction is still unknown, but if the upper downtrend line can be broken out, trading strategy as below.
Hello Enthusiast Coin Traders! Here's short-term outlook for XTZUSDT, Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)
XTZUSDT has broken out of the symmetrical triangle pattern. Breakout of symmetrical triangle pattern indicates the possibility of bearish movement. The momentum indicator is crossinng below the zero area, it...
Tezo's and most of the market has been feeling the BTC rise and the dominance rise in turn pushing altcoins to the downside, XTZ has actually held up very strong compared to some other coins. We are still comfortably in our ascending channel with us just recently pushing into the lower half. Looking at the bollinger bands we are actually sitting right on that...
1H trend chart
In this trading strategy, I'll provide 2 types of open timing for aggressive and conservative traders, respectively.
We modify the patter as a descending wedge from a triangle (refer to last analysis)
Price suddenly plunged while ETH falling, but it formed a good wedge.
In the meantime, price hit Vegas tunnel_576ema, and...