XTZ/BTC: sweet setup for longHi, guys!
The Cryptator is with you again. Today such a topic with a XTZ coin came to my mind. As you know, in nature everything repeats itself, only on different scales. These are called patterns.
Already the first ancient Greek philosophers, such as Plato, Pythagoras and Empedocles, studied such patterns, trying to explain the order in nature. However, it took centuries to come to a modern understanding of the apparent patterns of repetition.
Let us, modern people, competently use these things to make xes in crypto. I have noticed how well they work. I think there will be no exception this time.
All profit and fabulous wealth, friends!
Tezos
XTZUSD Repeating Long Term Pattern*** THIS IS NOT FINANCIAL OR INVESTMENT ADVICE ***
DYOR and don't take my word for anything.
XTZ is a great project. The project recently cut gas prices on the chain by 75% via the release of Delphi. They are currently working on integrating even more functionality into the blockchain with Edo.
Looks like XTZUSD is about to make up for the overselling and momentum depression experience through the last cycle. Keep on eye on the main lower band and the rising channel pattern.
Happy Trading!
Tezos (XTZ) - February 25Hello?
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
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We have to see if we can get support and climb in the 3.3269-3.5936 range.
If you go down from 3.3269 point, you can touch 3.0019 point, so you need Stop Loss to preserve profit or loss.
However, you need to trade carefully as you can touch the uptrend line and go up.
(1W chart)
The 3.3269 point is an important point that separates the highs.
So, if you go down at 3.3269, there is a chance that it could turn into a downtrend.
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** All indicators are lagging indicators.
So, it's important to know that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
XTZ Cup & HandleSeems like Xtz is completing a bullish cup and handle pattern. If this is correct we may see somewhere around 6 dollars or so. What are your opinions? Does this look to be just that or will we need some more time to grow?
I would appreciate if someone can help me confirming the pattern or explaining otherwise. Thank you!
*****NO FINANCIAL ADVICE JUST MY THOUGHTS AS A BEGINNER*****
XTZ/BTC LONG PARABOLAHi Guys - The real alt season is nearly here and XTZ is looking to do something special.
Zoom out on graph
Note first 5 waves before pump, good accumulation, just completed the second round of 5 waves and accumulation, looking ready for takeoff.
Needs to clear 9982 satoshis (dotted line) then needs to clear 10392 satsoshis for it to head into parabola, should the parabola take it through the upper green trend line then its your ticket to pluto. Bags packed and ready to go.
Enjoy and happy trading
🆓Tezos/USDT Analysis (24/2) #XTZ $XTZAfter retesting the support at 3$ and 3.3$ zones, XTZ could recover to retest 4.8$ zone by the Diving Board pattern. We can expect it will break this zone and move up to 5.5$ zone and 7$ zone
Although 3$ zone is the strong support because it is supported by MA200 of 12H timeframe, but if it fails in stop this dump, XTZ may dump to 2$ zone. So you should be careful
📈BUY
-Buy: 3.2-3.4$
-Buy: 2.8-3.0$. SL if B
📉SELL
-Sell: 4.7-4.9$. SL if A
-Sell: 5.4-5.6$. SL if A
-Sell: 6.9-7.1$. SL if A
♻️BACK-UP
-Sell: 2.8-3.0$ if B. SL if A
-Buy: 1.9-2.1$. SL if B
❓Details
Condition A : "If 12H candle closes ABOVE this zone"
Condition B : "If 12H candle closes BELOW this zone"
Make or break time for TezosIf XTZ closes the week below $3.50, I'm expecting another three to six months until we come close to retesting $5.50. Bottom price target is around $2.25 by May if the bears win the rest of this week. If somehow XTZ manages to close the week above $4.25, this would be incredibly bullish and I would expect to see an enormous surge of buying follow. Needless to say, XTZ volatility has just begun. Perhaps the Tezos foundation could do us a solid and start exchanging the 20-30 thousand bitcoin it owns for Tezos.
Tezos - 6hr is one to watchTezos is one to watch for a potential breakout. XTZ has a Symmetrical Triangle on the 6hr Chart with support from its Conversion Line (Tenkan Sen) and its Bollinger Bands Middle Band Basis. The RSI is indicating Sideways Momentum at around 56 indicating XTZ could potentially move much higher before hitting the overbought range. The MACD is also indicating we may get a MACD Line (Blue Line) cross back over the Signal Line (Red Line) which would indicate renewed upwards bullish momentum. Overall Volume is increasing slightly so we will have to wait to see if this 6hr candle closes in the green. Definitely one to watch. I hope this is helpful. Good Luck 🙏
XTZ/USD Is Ready to Keep Moving! XTZ appears to be in the midst of a healthy pullback to the uptrend line created over the past month. On the daily, price has just closed above the local downtrend line of the consolidation pattern which suggests that price will, at a minimum, attempt to re test the $5.40 - 5.50 dollar range before likely continuing upwards.
Further support for a future breakout of resistance includes the following: (1) decreasing volume during consolidation (sign of a healthy consolidation), (2) intact up trend line, (3) price consolidation above the key support level of $4.53.
I will be looking to enter the market around $4.60 with a stop loss just below and a first price target around $5.30 (just below the prior swing high).
💡 Don't miss the great Buy opportunity in XTZBUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (4.20). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XTZBUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 4.7680
TP2= @ 5.2300
TP3= @ 5.3115
TP4= @ 5.6550
TP5= @ 6.1510
TP6= @ 6.6780
SL= Break below S2
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