XTZ LONG POSITIONMarket just finished 1 to 5 Elliot wave and a Flat ABC correction, we are expecting to see retrace to a 50% fib zone, since we just bounced off of a strong demand zone
Indicators:
AROON: Shows strong bullish momentum
EMA: We crossed 20 EMA zone and close to crossing 50 that means we are going bullish
entry: 3.30
Invalidation: 2.82
Target: 5.99
Xtzbuy
XTZ / USDT - a few words about TezosHey everyone !
We want to say about actually bullish moment with XTZ
Its for real ready to go to the moon !!
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We will place a buy orders in 4.40-3.5 with SL 3.3 .
If you need targets info , wright us bellow in comments ...
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Have a nice deals guys ; )$$$$$
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And make us some like please , if can make it ; )
XTZUSD: Analysis using Ichimoku 26/06/2020H4
On D1, the price fluctuates in the cloud. The channel of correction is visually clearly visible.
Conclusion:
Locally, we recommend buying when the RSI reaches an oversold level and down line of the channel on D1.
H1
At H4, the cloud is directing downward, indicating a downtrend. At H1, the cloud is directing downward, indicating the movement within the framework of the trend for H4.
Conclusion:
Locally, we recommend buying when the price reaches above the Ichimoku cloud and the RSI reaches an oversold level at the local price correction.
XTZUSD: Analysis using Ichimoku 10/06/2020H4
The price is trading below the Ichimoku cloud but above the trend line. RSI is in an undefined state.
Conclusion:
We recommend you to pay attention to the timeframe H1.
H1
The price fluctuates around the Ichimoku cloud. Visually, you can see a graphical model of the "triangle". Formed convergence between price and RSI.
Conclusion:
We recommend buying when the RSI is oversold. Next, you should trade according to the rules for working with the triangle model and using reverse stop orders, instead of stop losses (applies to sales).
Good luck!