XTZ maverick breakout! [setup]Who's afraid of the big bad BTC? Not Tezos!
While the market watches and waits for BTC to reverse it's slow recent term downtrend, alt coin trading has not been amazing.
Only a few coins including XTZ and AVAX have outperformed the market.
As we've seen with SOL's epic run up, everyone wants in on "the next ETH," and I think that network tokens with strong features for developers will do well.
What I like about XTZ is that there's already real use-cases in the form of NFT marketplaces.
happy trades
CD
XTZUSD
Tezos (XTZ) - September 13Hello?
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(XTZUSD 1W Chart)
If the price holds above the 173723670 point, it is expected that the uptrend will continue.
In particular, if the price is maintained above the 4.09144691 point, it is expected to create a new wave.
(1D chart)
It broke above the critical point of 5.67605181 and continues the upward trend.
It is necessary to hold the price above the 6.02334096-6.86318075 zone and see if it can lead to an upward movement above the 8.74937308 point.
If it falls in the section 4.419243-4.95476492, Stop Loss is required to preserve profit and loss.
However, it is possible to touch near the 3.34063 point and rise, so you need to think about how to react.
If you cannot find a way to respond, it is recommended to lower the Stop Loss ratio to preserve profit and loss.
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(XTZBTC 1W Chart)
If the price rises above the 6690 Satoshi-14931 Satoshi section, which is the bottom section, and maintains the price, it is expected to create a new wave.
However, it is expected to be possible only when it rises above the 17620 point, which is the point of the volume profile that has been formed.
(1D chart)
We need to see if we can get support from the 14931 Satoshi branch.
If the price is maintained above the 14931 Satoshi point, a movement is expected to cross the downtrend line as it rises to the 16860 Satoshi-17620 Satoshi section.
If it goes down, we should see if it finds support at the 12110 Satoshi point.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in 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 section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. 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 are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
XTZ/USD - Huge ascending channel, major resistance ahead!Tezos has formed for some time a major ascending channel which indicated a bullish trend (higher lows and higher highs, see yellow arrows).
The indicators on this weekly timeframe are also quite bullish with MACD, volume and RSI looking great.
For this reason, I can see XTZ re-testing our major resistance or the top of our ascending channel. This is at least a nice +40% gains left.
Once there, time to be careful and secure profits, you don't want to hold at those levels.
The major recovery from our flash crash last week is also a sign of strength (see that massive green wick of +40%). Not bad. Hence, I expect continuation of this price action until we hit resistance. Then it's time to re-assess.
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XTZ/USD: UpdateTezos it's bullish!!! I decide to down my target to $8 USD as $12 USD it's so long run up. But $8 dollar it's very well for me!!!
So, I'm enfocous by Daily timeframe and Tezos it's ready to explode in the next weeks to months.
And remember, we're in profit in Chainlink. For that, I have open trades in Chainlink and Tezos. Meanwhile Ethereum make volatile movement that it's not very easy to catch a long posiiton as Ethereum it's becoming very volatile and make movement fast.
XTZ/USD: The last confirmation to buy Tezos!!!Tezos it's look so bullish in Daily timeframe. As I'm from $5.27 USD since past week. I believe that Tezos it's prepare to go to pump to $8 dollar soon
Now, I want to share the H4 period where I look that Tezos it's making a curve pattern to make a bullish movement like a styrocket. This it's so interesting how the market structure it's explain that Tezos it's preparing to climbing soon.
So, there's not much update, the only update it's that Tezos made the last confirmation to buy now in Daily timeframe as Tezos will explode soon.
I keep my SL at $4.80 USD, but very protected my long entry. I'm in profit in Tezos and also in Chainlink, my two trades for the moment.
XTZ - potential trade ❗❗A potential XTZ deal.
Accumulation
Price squeeze
Higher lows
Potential target marked above
Buy after a breakout or retest of the $5,6 level as support.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
MY MINIMALIST CHART ANALYSIS FOR $XTZ9.6.21
My Minimalist Analysis of $XTZ
Indicated are key levels of support and resistance using small and large range boxes TO ENTER A SWING TRADE (Short - Long).
Watch out for patterns, EMA, and your Fibs.
Further Analysis on price action is required on a 1HR-4HR chart when entering or closing a trade, depending on your risk appetite and trading style.
Disclaimer: The findings/predictions of the following analysis are the sole opinions of the publisher of this idea and must not be taken as investment advice.
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etoro.tw
FORTH heads to top of channel 21.90 -> 22$(refer also to charts for forthBTC pair)
looking at 4hr ForthUSD chart,
Forth shows signs of reversal. Higher low is created on both ForthUSD and ForthBtC charts.
ForthBTC chart also showing signs of reversal. Expecting a potential move from BTC -> FORTH which is consistent with the USD chart. both pairs FORTH(usd,btc) moving up will send FORTH to top of the current channel and possibly higher.
watching this closely.
trade safely.
Thanks
XTZ/USD: UpdateIn this update, I make a long position in Tezos and I decide to keep this posiion toward $12 USD in my exactly point to take huge profits. For that, Tezos has a nice opportunity to keep this position to long as Chainlink do. My SL it's around of$4.69 USD. For that, I will keep this position to hold until touch the $15 USD. This it's a huge potentail profit of 124%.
Now, in Daily timeframe, if we closed up the Daily Candlestick in the next 2.28 hours. We could to conclude if that form a bullish signal, Tezos could to climbing in the next days.
And also, I'd reccomend to watch the monthly timeframe. Because Tezos it's look extremely bullish to run to the way of $12 dollar.
So guys, at the moment, I'm in two trades; Chainlink and Tezos that look with interesting perspective to longs. Now, any change of the trade I may to inform in this media.
XTZ Buy a break setup.XTZUSD - Intraday - We look to Buy a break of 5.781 (stop at 5.588)
Daily signals are bullish.
There is no indication that the rally is coming to an end.
A break of bespoke resistance at 5.750, and the move higher is already underway.
Our outlook is bullish.
Our profit targets will be 6.348 and 6.448
Resistance: 5.750 / 6.000 / 6.125
Support: 5.400 / 5.300 / 5.000
XTZUSDT (Tezos) : TP1 Reached ✅ 🚀+30% ✅ 🚀Last Analysis in 21.Aug.2021 : Let's buy Some #XTZUSDT (Tezos) , Shall We ?? Great Move Starts From Yesterday ... After The break we can add some more ...
In order to buy, the SL (stop loss) and capital management must be observed.
All resistances and TPs (take profits) are marked on the chart.
(DYOR)
Now : TP1 Reached ✅ 🚀+30% ✅ 🚀
Let's go for the Second Target ...