XTZ/USDT (Reversing From Support Zone)XTZ/USDT currently trading at $2.12
LONG ENTRY: Above $2.24(Only Enter Long After 1 days candle close Above Resistance level at $2.24)
STOP LOSS ( support): Below $1.75
Resistance level 1(Target) : $2.66
Resistance Level 2(Target): $3.00
Resistance Level 3(Target): $3.86
Resistance Level 4(Target):$ 4.44
Max Leverage: 5X
ALWAYS KEEP STOP LOSS...
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Xtz
XTZ 1D In search of a compromise priceThe previous idea work out, though it took a long time, but in the end the targets worked out well.
After a rapid and almost uncorrected fall for 2 months, sellers slowed down.
The price starts looking for an equilibrium value that would interest both buyers and sellers.
In the current situation, a smooth slope is more real, first to the liquid zone $1.72-1.76 and possible a sharp collection of stops to $1.62.
If the price fixes above $2.20 , then the way for growth to the zone $2.45-2.50 will be opened.
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Is TEZOS (XTZ) heading to $7.73 --- $11.40 in the mid-long termAccording to Stochastic Indicator in the Weekly chart, Tezos is extremely oversold and potentially forming a rising wedge heading to $7.73 usd, retracing and then heading to $11.40 usd (resistance match fibonacci extensions)
What do you think about it?
XTZ USD channel still holdingThis channel on the XTZUSD pair is still holding. For a larger move to happen in the near term, we need this area to hold. This could ratify this larger channel pattern and would send us higher.
While on the XTZ/BTC pair we can see where RSI has hit it's lower bound every time but 2 it has rebounded. I still think we are poised for a sharper move up in the near time with BTC and ETH being so bullish.
Cheers,
-Sherem