Consolidation in the XTZ market lasts exactly one month. The month after the XTZ price fell by 56%.
The main achievement of buyers for all this time is the test of critical level $2.4 . However, this local upward trend has deep corrections and is not at all the slope angle that could inspire for reversal.
If we look at the situation locally, the critical point...
Maybe, but I will keep myself away for the next hours.
As long as BTC and BTC.D continue to rise, it won't be a good time for going Long with altcoins.
We will see a double bottom at $2.00? Time will say!
This isn't trading advice. I've no idea what I'm talking about 😉.
Trade with caution! 🚨
Have a good day! 🤟
I have combined the idea of learning by cycles and pivot points (zones) with an actual trading idea for positional work using the example of the Tezos (XTZ) coin paired with USDT (USD).
According to Dow theory, there are 3 types of trends:
1) main (long-term).
CycleWave is the top author sharing trade ideas based on EW analysis since last five months on the global stocks, currency pairs, cryptos, future indices and commodities. You can follow us to get more trade ideas/analysis.
XTZUSDT - It dropped in impulse down either wave A or 1. So its bounce will be a good sell set up whatever the count will be. In...
XTZ/USD is forming a rising channel and judging that it is forming a rising triangle pattern.
The primary resistance is the rise channel interruption, and the secondary resistance is the top of the solid point and the rising triangle.
Set the rising triangle and rising channel departure to SL and it's worth buying.
The arrow is the expected movement.
If you are LONG on XTZ, keep holding until the asset reaches FIB LEVEL 0.786.
It almost always closes with Tezos.
* If you haven't bought anything yet, check out my previous post on XTZUSDT to review the entry points.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
Make sure you can get support at point 2.2080.
We need to see if it can rise above the MS-Signal indicator.
It remains to be seen if it can rise above the...
NOTE: NOT A FINANCIAL ADVICE TO BUY/LONG or SELL/SHORT
First Technical Analysis on this pair
Support and Resistance on this pair. As you see, that Green Trend Line has importance and it's must hold for continuation of higher prices in the future. Moving Average is now acting as...
If anyone looking long term profits XTZ is perfect we can see lower line bollinger band touch and rebouncing targets for this 4.5 for short term and 6 is for medium term and long term who is looking for huge profits in bull market target is above 12 we can hold and relax for spot traders