HTZ break 2 years long megaphone pattern. I think the decline will continue in the coming months . Possible resistances are marked with blue lines.
Disclaimer: This is not financial, investment, trade or other advice. This is my personal opinion which can very easily be wrong.
You trade at your own risk.
Based on the given market data, the XTZ to USDT pair is currently priced at 0.861 USDT per XTZ. The four-hour Relative Strength Index (RSI) is at 68.20, indicating that the cryptocurrency is nearing the overbought territory. This could suggest that a price correction might be due soon. The Moving Average Convergence Divergence (MACD) for the same period is 0.017,...
💎 XTZ has indeed garnered our keen interest, currently navigating a pivotal region within a consolidation zone. For XTZ to perpetuate its upward trajectory, it's imperative to breach a formidable resistance barrier, a feat it has previously grappled with, often facing rejection.
💎 Should XTZ falter in overcoming this resistance, it's likely to regress to the...
Logarithm. Time frame 1 week. Main trend.
Idea for understanding the local work zone for traders in the main trend. It will also be useful for investors to understand the cheap/expensive zones for investing.
Linear price chart.
Secondary trend. Downward channel. Area to work. Time frame 3 days.
XTZ/USD Secondary trend. Downward channel.
Logarithm. Time frame 3 days. Secondary trend.
Downward channel. The price has been falling for 16 months (1.4 years). It is quite possible that finally this downtrend channel of almost a year and a half will be broken. On the chart there are dynamic resistance lines (like a Gann fan).
There is a possibility that some kind of sidewall with a significant % step...
Hey folks - been a while since I made one of these (not too much interesting movements in the crypto markets lately, honestly), but after a long period of inactivity in XTZ, *something* seems to have triggered a move.
There's a few people wondering where this spike in Tezos came from - unless the transaction was triggered by literally one wallet (unlikely since...
💎 XTZ has undoubtedly captured our interest. After facing a significant rejection upon hitting a robust resistance zone, XTZ is now retracing to the support level at $0.685.
💎 For a potential rebound, it's crucial for XTZ to exhibit bullish candlestick patterns within this support zone, signaling a possible return to challenge the strong resistance.
💎 However,...
Overnight, Tezos (XTZ) rose by more than 14% as trading volume in South Korea exceeded its monthly average by seven times.
This also led to the liquidation of about $500,000 worth of positions, after which the value of the coin, as is usually the case, began to gradually decline.
Hello Trading view Family / Fellow Traders.
I hope you have used and benifited from the previous analysis .
In today trading session we are monitoring XTZUSDT for a buying opportunity...
XTZUSDT UPDATE
Falling Wedge Upside Breakout is Already Confirmed in 1D Timeframe..
Expecting Massive Bullish Wave.
Moving As Expected Running In 45% Profit ✍️
BINANCE:XTZUSDT tried to break the support at 0.708 and let the price go lower, but at some point the market held the area, forming a local bottom. After a false break of support, the price breaks consolidation resistance
At the moment the market is testing the possibility of transition from the consolidation phase to the phase of realization of the...
#XTZ
Bounced off the $0.655 DEMAND and has rebounded into a pivot at $0.67 and was rejected this could have been a liquidity hunt on the fractal times, still needs to get above the 50 EMA to continue upwards!
💎 Paradisers, turn your attention to XTZUSDT! We've observed it poised for a remarkable move, having recently retested the descending trendline and now setting the stage for potential outcomes.
💎 A brief retrospective reveals that Tezos has been adhering to a descending trendline, facing rejection thrice. Interestingly, it managed to break above this trendline...
On the 4-hour chart the trend started on Sept. 14 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 0.6963
But we should not forget about SL = 0.6276
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, ...
Hey traders👋
Short answer is YES, we should see a further drop from current market price! We are going to look for price to reach that lower support zone from where on we want to see a breakdown to happen!
But before the major movement here we need a smaller confirmations as well so we are keeping an eye on candle movements!!
If you like ideas provided by our...
🚨 Trade Update: XTZ/USDT (3-5x)
📈 Long Entry: 0.612 - 0.696
OTE (Optimal Trade Entry): 0.651
SL: 0.565
B/E Move: When it moves close to TP2
TPs:
Short Term: 0.710 - 0.725 - 0.740 - 0.760 - 0.790 - 0.820
Mid Term: 0.860 - 0.910 - 0.970 - 1.05 - 1.15 - 1.33
**Disclaimer: Past profits do not guarantee future results.
Is there a risk? Of course. The whole...
