XTZUSD H8: 25% correction 1/2/3/4/5 price fractal(SL/TP)(NEW)Why get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
XTZUSD H8: 25% correction 1/2/3/4/5 price fractal(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: XTZUSD 8hour chart review and outlook
::: 1/2/3/4/5 repeat fractal in progress
::: upside likely very limited from here
::: expecting 25% correction soon
::: 2.50 TP BEARS
::: get ready to SHORT IT
::: recommended strategy: SHORT IT from 4 TP 5
::: keep an open mind and you will get paid
::: expecing a pullback from highs SOON
::: good luck traders
::: details: see chart
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BEARS
::: Sentiment outlook short-term: RANGE/FLAT
XTZUSD
$XTZ / #USD, Pushing price above ~3.25$ resistance level$XTZ / #USD
Pushing price above ~3.25$ resistance level w/ UCTS indicator signaling buys across multiple TFs..
Volume is not that strong tho, so wait for a potential R/S flip as entry & signal of continuation
IF happens, then we may aim for a retest of ATH levels at ~4$
#XTZ
XTZ/USDT BINANCEupdate on previous Tezos TA.
4H hollow candlesticks.
after triangle breakout, lets compare forecast indicator.
MACD crossing extremelly bullish.
steady high volume from Jule 22th.
current at
$3.23 USD (7.06%)
0.00028733 BTC (8.62%)
Market Cap:
$342,633,561,949
24h Vol: $93,007,336,936
BTC Dominance: 60.5%
Good Luck
XTZUSD H4: BEST level to SHORT IT 30% gains.(NEW)Why get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
XTZUSD H4: BEST level to SHORT IT 30% gains.(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT cause I expect short-term losses
and mid-term losses.
🔸 Summary and potential trade setup
::: XTZUSD 4hour chart review
::: Speculative bearish setup
::: distribution in progress
::: range low near 2.8 range high 3.20
::: get ready to SHORT HIGH for
::: 30% gains possible from my level
::: strategy: SHORT IT 3.20 SL 3.30
::: TP BEARS is +30% gains 2.30
::: short from my level and get rewarded
::: TP bears is 2.30 / swing trade setup
::: good luck traders
🔸 Supply/Demand Zones
::: dem/supp N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BEARS
Who's the winner right now in crypto?So every cryptocurrency, having taken on the mutual correlation that Dow Theory predicts, is trying to recover its price from the recent big drop. I'm using Ichimoku on the 1 hour charts to gauge the strengths of BTCUSD, ETHUSD, BCHUSD, and XTZUSD.
Ethereum is winning in absolute percent gains off the low but very close behind are Tezos and Bitcoin Cash. Clearly Bitcoin is now the lagger.
In terms of relative price action Tezos is the first to break it's pre-crash high with Ethereum coming closer.
Alt season much? This might be what everyone has been waiting (years) for...
The Future Of TezosWow! This chart looks amazing! I do not know much about the fundamentals that surround this coin or the company, but the technical analysis look bullish if the support can hold. A quick look at the stats from coinmarketcap; This coin is ranked #14 with a circulating supply of 738,559,491 XTZ.
Now for the technical analysis. The triangle that i have created based on previous support, and resistance looks almost like a symmetrical triangle forming a huge bullflag. I have the liquidity zones highlighted in green , and yellow. I use the color yellow for universal caution, and green is obvious. I have also used the FIB Retracement tools to locate a potential short term sell zone based on the 0.618 . That is the area I would like to see the price break above , and find support to confirm a real bullrun to new ATH.
This is not trading advice, but only my humble opinions based on what I see.
XTZ.BTC (Y20.P3.E2).TA on the Macro StructureHi All,
My thoughts on Tezos against BTC:
> Price is below the 10 to 100 EMA on the Daily price action and these ema ribbons have confluence headed towards the current 0.5 or 0.382 Fib retracement level as per chart, which is equivalent to the red min line of the Fan pattern, which at times can be a reversal pattern or bullish pattern.
> Note the points of touches on the chart structure, by the dark boxes. 2 touches to the top and potentially the 3rd touch to the bottom, completing the ABCDE formation.
> Note that we are in the 3 to 4 of the elliot impulse with a complex correction and the chart pretty much confirms this. I learnt recently that 3 to 4 is usually complex to strip of our gains with the 0 to 3 impulse which are usually clear trends. And just like BTC, we will end up going from 4 to 5 after this formation.
> Both bottom indicators show that we are approaching the bottom reversal area.
I'm looking for a cross over of the signals on the WT and if you note on the Phoeix, energy is moved above the 50% mark showing an emerging divergence.
Daily with key pivot points and levels
Daily with EMAs
12 HRLY chart: No bullish candles yet
Please give me a tick or a like for this post.
Regards,
S.Sari
Moving off the Tezos topic, check out the monthly close now and how bullish it still remains for the long term.
Tezos (XTZ) Be Ware!!! It Can Be A Bull TrapHi, friends hope you are well and welcome to the new update on Tezos coin. The price action of Tezos coin is moving in a wedge pattern. After hitting the resistance of the wedge on 16th of July so far the move of the price action up to the support is still due. After placing the volume profile on the complete price action moving within this wedge pattern. It can be easily observed that the trader’s interest is high even below the support and if we watch the interest of the traders from the upside then we have the trader’s interest below the resistance that is another bearish signal. Therefore the price action can be moved more down at least up to the support of this pattern.
The simple moving averages are forming bear crosses:
If we watch the different simple moving average it with the time period of 25, 50, 100 and 200 then recently the price action has broken down the 25 simple moving average. We have also received a bear cross between 50 and 100 SMAs. If 50 simple moving averages will move more down to form a death cross with 200 SMA then it will be another bearish signal that will trigger more strong rally to the downside. At this time the price action is trying to break out the 25 SMA again.
Formation of BAT pattern:
In the meanwhile the price action is likely to complete the final leg of bullish BAT pattern. After initial leg the A to B leg is retraced between 0.382 to 0.50 Fibonacci retracement level. Then C leg is projected between 0.382 to 0.886 Fibonacci projection of A to B leg. Now we have received two confirmation for the bullish BAT. And as per Fibonacci sequence of this pattern the final leg should be etraced between 0.786 to 0.886 retracement level. That start from $2.45 and ends up to 2.34 dollars. After a sequence of bearish candles some bullish candlesticks are appeared. Therefore, it can be a bull trap because if the price action will complete the BAT pattern then it can move more down and from the potential reversal zone it can start the next rally to the upside. However, if the price action will not complete the final leg then the pattern will be invalidated and the price action may form an up channel.
XTZ H&S shortXTZ had a good run but it seems that volume and overall interest is fading away. Investors who are interest in staking awards are moving to Ethereum. Not a financial advice but I'm long on ETH and short on Tezos. Also if you are trading futures on Binance, XTZ has a massive red hammer, which looks pretty similar to the one that has been seen on XRP chart a ~month ago and it dumped hard. I'm expecting pretty much the same outcome - XTZ will dump hard before the next bounce. In the long term (months/years) I'm very bullish but for now it seems that this coin is going down.
XTZ ABCDE correction completedXTZ has been going through an ABCDE correction within a symmetrical triangle, this now appears to be complete and its ready to start a new 5 wave cycle. As long as the bottom trend line is respected this looks set to take place, I would expect a wave 3 breakout sometime in August.