Fell below 34k sats support (like almost the entire market...)
Currently retesting ~28k sats w/ UCTS Sell signal on the 1D & lower TFs..
If it does not hodl here, Based on Fibs levels, .618 should be around ~25k
Wait for reversal signals prior getting entries 👍
After an excellent run up, TEZOS is in correction.
This is long due and will be good for the over all growth of this coin.
Looking for a retrace to the 0.618-0.786 on the Fibs
Entry marked in green rectangle.
Personally, had exited a tad below the top.. just like they say, you can never catch the bottom nor sell the top.
We started looking at Tezos (XTZBTC) back in 2018, but only in 2019, this altcoin pair became available for trading in many of the major exchanges.
We jumped in and Tezos treated us really well with great profits... You will find the charts at the bottom of this post.
Now, by popular request, here I mapped all of the Fibonacci target and support levels for Tezos...
Today I am gonna be showing a two buying options strategy for XTZ, one of them is if the price breaks the All Time High with big buy volume, or if the price make an Pullback to test the former resistance as support. The price is bullish so we not short until the price is above this important support level.
On the chart we mark important...
xtz have two suport point =0.00030237 and 0.00029263
case 1( green arrow) : if xtz hold suport then according green arrow will continue
case 2( red arrow) : if xtz dont hold suport poine then continue according red arrow
XTZ is showing signs of an early H&S formation, however it is currently within a strong uptrend. Continuation of this uptrend is more likely due to its strength however the h&s is always a possibility.
Reaching new ATH BTC & USD values and entering into discovery 😏🚀
Use Fibs levels for potential targets/resistance levels...
UCTS Buy signals across all HTFs (over 100% since last entry at Buy signal)
How high can XTZ go? base from Fib extensions and trend-line resistance, this parabolic move may up to 3600 - 4200 sats levels.
I do not recommend buying this coin at these levels. Wait for a pullback if you are looking for Long entries.
Tezos (XTZBTC) is active, bullish and becoming stronger by the day.
Recently, the XTZBTC chart printed two really big volume bars to break above EMA200, a very strong resistance level.
The last time Tezos conquered EMA200, additional growth followed, a similar scenario can happen today.
Now that XTZBTC is above EMA200, it can very likely continue to grow.