XTZUSD H8: 35% correction warning distribution TP 1.20 USD(SL/TPWhy get subbed to me on Tradingview?
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XTZUSD H8: 35% correction warning distribution TP 1.20 USD(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: XTZUSD 8hours chart review
::: updated/revised outlook
::: distribution in range / weak chart
::: limited upside / expect dump from HIGHS
::: weakness will last for 4-8 weeks
::: LOG SCALE chart
::: not a great looking chart
::: bear flag on bear flag setup
::: aggressive FED rate hikes guaranteed now
::: CLEAN REJECTION AT recent highs
::: S/R was re-tested produced WEAK bounces
::: final BOUNCE possible now before DUMP
::: also noteworthy sequence of lower highs
::: recommended strat: SHORT from range highs
::: final TP BEARS is 1.10/1.20 usd
::: 30-35% correction possible next
::: 4-8 weeks in July/August 2022
::: right now no upside in this market
::: position traders should wait for
::: better entry prices later after
::: final PUMP possible into FED to trap BULLS
::: recommended strategy: SHORT SELL RIPS/ RALLIES
::: TP BEARS is +35% gains - near 1.10 USD
::: BULLS stay out until correction is over
::: SWING TRADE: SHORT/HOLD IT
::: correction run not over yet
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION/35%
::: Sentiment short-term: BULLS/FAKE FINAL PUMP
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
XTZUSD
XTZ triggers long for a squeezeXTZ is the first to setup with a short squeeze. Triggering above 1.61 this has potential to get close to 2.95 without much problem over the next few weeks. For the long term holder this a strong entry with potential to take out some gains around the 2.91 area after a solid 80% trade.
XTZ / USDT Main trend (part). Channel.On the graph, we see a large wide channel with a step of more than 300%. The price is in its lower price zone.
It is also worth noting that a potential fractal may form. It is easily visible on the graph. More precisely, part of it, the other part has not yet been formed, the rise in price to the upper border of the channel implements its formation.
Notice how similar "reset 13" 2020 and "reset 19" 2021 are similar. It is short for that and short, that it is "short" in time and sick to inexperienced and insatiable market participants. For someone a pain, for you an opportunity.
The price rises for a long time, but quickly falls vertically. Always protect your profits and don't expect super targets, work with the trend. Compound%. Have restraint, curb your greed. If you are not sure, watch from the sidelines until you are confident in the more likely price movement from which you can benefit.
local work
Symmetrical local triangle with a base of 53%. Volatility has decreased to a minimum, the price is squeezed into the corner of the triangle and into the breakout zone of the local downtrend (red). All the logic and potential of the work is shown in the graph.
XTZUSDT Attemtping to break the 1D MA50*** ***
For this particular analysis on TEZOS we are using the XTZUSDT symbol on the Phemex exchange.
*** ***
The idea is on the 1D time-frame where Tezos is shown trading within a Channel Down on the log scale. It has been trading below the 1D MA50 (blue trend-line) since April 07 with only one very short exception (June 09/10). The Lower Low of June 18 initiated a rebound that has now yet again made contact with the 1D MA50. On a side note, that was our (achieved) target on our last Tezos trade in May:
We've seen that even a break doesn't constitute a bullish signal. Also the bullish divergence on the 1D RSI (Higher Lows) has failed in the past. We may see a 1D MA100 (green trend-line) test if the MA50 breaks but still, the best buy (on the long-term) can be made if the price breaks above the 1D MA200 (orange trend-line).
See how the Fibonacci levels have acted as Support/ Resistance levels since the October 2021 High. A 1D MA50 rejection targets the -0.236 extension (0.9368) while on the other hand a 1D MA200 break, sets in motion the filling of the retracement levels.
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XTZ - I see weakness - I strike!Reasons to take short:
⭐️ BTC bearish
⭐️ Trendline is 10 days long
⭐️ Trendline is clean
⭐️ Pulbacks are getting weaker
⭐️ There has been false breakdown
⭐️ 5th touch
⭐️ 50 ATR
⭐️ Under VWAP
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Crypto getting tight into lows.. Squeeze coming?I'm seeing charts like this XRP weekly all over the crypto-land. After such a persistent push a sick bounce should be in the cards somewhere... the questions is: where? Keeping an eye on where price holds on the weekly can give a great headsup as to where you could get a solid squeeze... and in cryptoid-land that could be up to 400% on some coins. The ones that look best to potentially set up so far are:
DAPPT
XTZ
XMR
FIL
ENQ
XRP
I will post charts if these actually do make an attempt to put in a nice bear market bounce.
XTZ is in a Rising Wedge...what will Happen?XTZ is in a Rising Wedge Pattern. This is Of course a bearish Pattern which means we Should Expect the Price to Reach Lower Levels Even From Now! The Price can Decrease and It Should be Clear To you That No Break Out Has Happened yet So It is not Safe to Take Short Position (For Now!) There is also a Regular Bullish Divergence (-RD) on MACD which Strengthen The Idea Of Tezos Being Bearish! The Expected Target and Support Point Right now Is around 1.600$
-XTZ is in a Rising Wedge Pattern
-No break out yet
-(-RD) on MACD
-Expected Price and Support Point 1.6$
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Thank you for seeing idea .
Have a nice day and Good luck
XTZ AnalysisXTZ Analysis
This is my idea. I have tried my best to bring the best possible outcome to this chart, Do not consider it FINANCIAL ADVICE.
So let's see how the market reacts in the coming days.
This chart is likely to help you in making better trade decisions
I am not a market maker I could be wrong.
Everything is on the chart.
Everything Depends On BTC Movement
Thank you
XTZ pattern breakout XTZ / USDT
Price broke-out the bullish pattern on its fifth try
the overall market still in bear/ sideway
However this is bullish momentum for XTZ
if price able to hold above resistance line for next few hours expecting more bullish movements and first resistance is around 2.55$ (first TP )
Best of wishes
XTZUSDT Still bearish unless the 1D MA200 breaks*** ***
For this particular analysis on TEZOS we are using the XTZUSDT symbol on the Phemex exchange.
*** ***
The idea is on the 1D time-frame where Tezos is shown trading within a Channel Down on the log scale. It has been trading below the 1D MA50 (blue trend-line) since April 07 and despite the May 12 rebound on the Lower Lows trend-line of the Channel, the price still got rejected on the 0.236 Fibonacci retracement level. Those Fibonacci levels have acted as Support/ Resistance levels since the October 2021 High, so this rejection keeps the trend bearish.
Practically, with the price action below the 1D MA50 resembling the sequence of November - mid December 2021, we can claim that only a 1D candle closing above the 1D MA100 (green trend-line) would reverse this bearish trend. That however happened in late March and still Tezos failed to establish a bullish reversal, so it is much safer to wait until the 1D MA200 (orange trend-line) breaks before calling a new Bull Cycle. Until then, it is more likely for the price to keep making Lower Lows.
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Tezos (XTZ) - May 25hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(XTZUSDT 1W Chart)
Anything below 1.942 is likely to be a mid- to long-term investment area.
From a mid- to long-term perspective, to continue the uptrend, it needs to rise above 2.822.
(1D chart)
If support is found above 2.012, it is expected to turn into an uptrend.
(buy)
- After confirming the support in 2.012
(Stop Loss)
- After falling below 1.942 and confirming resistance
- When it falls below 1.769
(Sell)
- When resistance near 2.398
- When receiving resistance near 2.822
If it rises above 2.822, it is expected that full-scale investment will be possible.
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(XTZBTC 1W Chart)
You must climb over 0.0000 9730 to get out of the bottom section.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** 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.
(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.)
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