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XTZUSD

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. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Short
by TradingShot
2
Tezos (XTZ) - May 25hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (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. ------------------------------------- (XTZBTC 1W Chart) You must climb over 0.0000 9730 to get out of the bottom section. ------------------------------------------------------------ ----------------------------------------------------- ** 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.) ---------------------------------
by readCrypto
XTZ triangle breakout 📐Tezos broke up this triangle📐 and I think there is chance for run to 5 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback. ENTRY : local high @ 3.242 STOPLOSS (SL) : local low @ 2.857 TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 5.080 REWARD RISK RATIO (RRR) : 4.7 INVALIDATION : when SL level hit Check my other stuff in related ideas. Please like👍, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Long
by bizmark
13
#XTZUSDT Ready for 250% Rally. Trade Setup Here. Welcome to this Trade Setup on XTZ. If you are reading my updates for the first time, make sure you follow me if you want the most complex charts Explained in the most simplified manner. I also post margin and futures trade setups. Now, let’s get to the chart. XTZ is currently trading at around $3.40. As per fractals, every time XTZ hits the lower support trendline we have seen 8 to 12 weeks of the bullish rally in XTZ. Besides, it's trading above the important MAs and multiple indicators are showing signs of bullishness. So this will be my trade plan:- ENTRY:- Accumulate between $2.5 to $3.4 (On spot) For leverage :- $2.82 to $3.27 TARGETS:- $4.67 $5.33 $6.82 $7.21 $8.55 $9.76 Stop Loss:- $2.39 The chart looks promising and can pump almost 250% in 2 to 3 months. Just keep in mind if you are planning to trade with leverage, make sure you enter on the correction. Please do your own research before taking this trade. This is not financial advice. Also, let me know What you think of this trade? Do share your views in the comment section and do not forget to hit the like button. Thank you #PEACE
Long
by Cryptorphic
7