XTZBTC
XTZ on an expected corrective pathAfter an excellent run up, TEZOS is in correction.
This is long due and will be good for the over all growth of this coin.
Looking for a retrace to the 0.618-0.786 on the Fibs
Entry marked in green rectangle.
Personally, had exited a tad below the top.. just like they say, you can never catch the bottom nor sell the top.
Happy Trading
$XTZ, Fell below 34k sats support (like almost the entire market$XTZ
Fell below 34k sats support (like almost the entire market...)
Currently retesting ~28k sats w/ UCTS Sell signal on the 1D & lower TFs..
If it does not hodl here, Based on Fibs levels, .618 should be around ~25k
Wait for reversal signals prior getting entries 👍
#XTZ
Buy The Dip!!! $XTZ $XTZUSD #Crypto
Daily
Looking at the trend timeframe we see price remains in an uptrend, stochastic rsi showing momentum in favor of the bears. Our swing low ($1.09) to swing high ($3.95) shows our 38% retracement is currently being tested for support. As long as XTZ remains above $2.60 we are respecting uptrend structure.
4hour
Shifting over to our pattern timeframe we see XTZ is now at our dynamic support of $2.80, a 4 hour close below this level could lead to a sell-off towards $2.00. A 4hour bounce off this level will lead up to the next parabolic run. 4Hour fib showing our swing low ($2.46) to our swing high ($3.95) is currently being test at our 82% retracement, a bounce off this level will launch XTZ pass $4.00
$XTZ, Retesting latest ATH BTC crossed level at ~34500 sats..$XTZ
Retesting latest ATH BTC crossed level at ~34500 sats..
Hodling & bouncing (flipping resistance into support) is key for continuation to the upside w/ target at ~43k sats(20%+)
RSI at overbought / Volume rising again on the 12H
UCTS Buy signals across every HTF
#XTZ
xtz/btc, bearish crab pattern, still 30% room UPIt is already showing bear div with the rsi on many TFs but this pattern can possibly extend to the 1.618 so if I were to short, I would do it there. Especially those looking to enter, be cautious and don't buy the top of the pump, wait for this pattern to play out and dump and then buy the retest of the breakout.
I AM NOT A FINANCIAL ADVISER, DO YOUR OWN RESEARCH!
Breakout update: Tezos (today) vs. Ethereum (2017)After Ethereum broke through it's initial trading range, price increased by 160% in 5 days. It then fell 45% the next day, but quickly rose back and resumed the bull. In less than 2 months, ETH rose from $22 to $100.
Tezos had a similar, albeit less dramatic rise, after breaking it's trading range - climbing 93% over a 7 day period. It's currently down around 25% from it's high yesterday.
Will be interesting to see how this comparison plays out over the medium term.