As with most cryptos, I´m not convinced by the recent uptrend.
In Tezos´ case, we have a bear flag in play, strengthened by the fact that there is no RSI divergence, which would be expected if the downtrend was over.
Consequently, my outlook remains bearish on Tezos, and I anticipate the possibility of at least one more lower low in the near future.
XTZ shows a perfect Accumulation on both wave pattern and a support bounce at 0.94 areas.
If it crosses 1.06-1.08 with a proper market sentiment we can see it reach the previous resistance above mentioned In the chart. SL at 0.92 can be a good entry WEF BTC behaviour isnt bearish.
XTZUSD is exhibiting a bearish rectangle pattern on the 1-hour chart, indicating a potential continuation of the existing downtrend, and the absence of any divergence on the (RSI) suggests that the bearish momentum may persist.
ENTRY-LEVEL SELL STOP: 1.062
STOPLOSS: 1.089
TP 1: 1.036
TP 2: 1.010
RISK 2%
XTZUSD has formed a double-top pattern on a bullish trend, and also experienced a bearish divergence on the Relative Strength Index (RSI), indicating a potential trend reversal towards a bearish direction. This could suggest a decline in bullish momentum and caution for traders and investors.
A double top is a technical chart pattern that occurs during an uptrend...
Hi Traders
XTZUSD (Daily Timeframe)
The market is in an uptrend and we are waiting for an entry signal to go LONG above the 1.245 resistance level. Only the downward break of 1.116 would cancel the bullish scenario.
Trade details
Entry: 1.245
Stop loss: 1.116
Take profit 1: 1.325
Take profit 2: 1.454
Score: 8
Strategy: Bullish breakout
XTZ USD is currently exhibiting a bearish trend as indicated by the lower highs and lower lows observed using Dow Theory. Additionally, a bearish trend line on the 1-hour chart further supports this downward trend
ENTRY PRICE SELL LIMIT: 1.02
STOPLOSS: 1.065
TP 1: 0.97.5
TP 2: 0.93
RISK 2%
this hidden bullish divergence showing up on a few charts here, makes you think that this is a potential attmept at accumulation, most likely will fail and move lower but at least theyre attemping to turn them around
web3 is gaining web2 giants attention. Google partnered with xtz today so this is a catalyst for more upside no pullback on tezos today with the rest of the market broke above a significant orderblock 1.45 may act as resistance for a retest on 1.30 "a good place to enter" after that 1.45 breaks and we could make it all the way to 1.80 before the next retest
Tezos / XTZUSD has completed an Inverse Head and Shoulders pattern.
Its technical target is a symmetric leg of the distance from the Head to the Neckline. That is +68.66%.
The MA50 1D is supporting since January 12th.
Trading Plan:
1. Buy the pullback to the MA50 1D or if Resistance (1) breaks first.
Targets:
1. 1.9000 (slightly under Resistance 2).
Tips:
1....
FIFA Club World Cup Feb 1 2023 - Feb 11 2023 during this time it's seem need to pay attention!
1.32 and 1.57 resistance level and most likely to some pull back when it reaches 1.31 - 1.32 band.
Graph above shows many things I guess. Be your advisor!!! Hopefully we cheer up at 1.57 on next Sunday.
Not financial advice
Trade idea moving forward.
Look for entry around .75-.95c but long term bullish...
If you like give a thumbs up and follow
Short term I'd look for an entry between .75-85c ish range to go after 2.50 wave 3 target followed by a correction back to current trade levels of 1.00-1.25 then onto the target of 5.75
You can see where we topped at and...
Why get subbed to me on Tradingview?
-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates
🎁Please hit the like...
The analysis includes multiple methods of technical analysis to produce a map.
The labels for the chart and what the chart says are on the chart itself, more information about how to create a chart like this will come with updates to this idea.
A quick rundown of what I do use are:
Trend Line to extend from two lowest structure closes.
Horizontal Ray tool...
as soon as man u signed the deal with XTZ, the value has since dropped over 80%. laughable club laughable partnership. the American owners are surly only out for a paycheck at the end of the day, part of me thinks they enjoy running this club into the ground.
The idea of "smart investing" comes with the assumption that the market rewards reason and punishes irrationality in the long-term. What they don't tell you, though, is that the opposite is often true in the short-term. If you want to make money, more often than not you do have to have the discipline to move contrary to what most are doing.
It's been almost a...
Hi Traders
XTZUSD (Daily Timeframe)
The market is in a downtrend, and we are waiting for an entry signal to go SHORT below the 0.911 support level. Only the upward break of 1.041 would cancel the bearish scenario.
Trade details
Entry: 0.911
Stop loss: 1.041
Take profit 1: 0.831
Take profit 2: 0.701
Score: 8
Strategy: Bearish breakout
