Ascending Broadening Wedge on TezosTezos (XTZ) is moving in a main parallel channel and it's now printing an ascending broadening wedge pattern on the weekly chart in pair with bitcoin. I expect another leg up to the resistance zone at 0.00023 and then falling down to 0.00004 level. If it couldn't reach this resistance level and rejects the EMA50 at 0.00011 it's highly possible to break down the wedge to the wedge projection.
XTZUSD
xtz long term hodl.good evening,
tonight we have confirmed something massive in the land of crypto.
something that i've been waiting on for some time now.
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i've got 4 trades in one with this tezos.
going to need some strong hands to get all the way to the end.
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✨
entry: $4.1
tp1: $7
tp2: $12.9
tp3: $35
tp4: $61
✨
XTZ: The Beginning of a Reversal?Hey guys, this is Julie 😉
Let's talk about Tezos today.
I am quite optimistic about XTZ, it is in a clear support zone (orange line) - this region has served as support/resistance many times before, and it doesn't look like it will be lost this time.
The bears don't seem to have the strength to make Tezos fall again.
We can see that the volume has increased a lot today, proving that the bulls are stronger! 🔥
And we have a nice Bullish Pivot on the hourly chart, reinforcing again that XTZ is recovering and this could really be the beginning of a reversal.
If today's candle closes above this green line, I believe it would be the best time to buy XTZ.
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On the weekly chart we can see that Tezos is still in a Bull trend, making higher highs/lows (I can't post the image here).
And that is why I believe that if today's pivot is not triggered, Tezos will not fall below the red line (the price low in Dec 04).
It may start to move sideways for a while, but it is very unlikely to fall.
And that's it! Thanks for reading my analysis! Please, support me with your like and subscription! 😍
Bye bye, have a nice day. 😉
Tezos (XTZ) - December 13Hello?
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(XTZUSD 1M Chart)
Above 1.73723670 point: expected to continue uptrend
Above section 4.419243-4.95476492: Expected to create a new wave.
A decline from the 3.34063 point could lead to a fall near the 1.85532069 point, requiring a short-term Stop Loss.
However, it may follow an uptrend line, so you need to trade cautiously.
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(XTZBTC 1W Chart) - Mid-Long-Term Perspective
Above 0.00014931-0.00017620 section: It is expected to create a new wave.
A breakout from the downtrend line is expected to turn into an uptrend.
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If you ignore this, you may be trading in the wrong direction.
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Tezos/usdt long term perspectiveTezos has established a nice uptrend, as we can see the price bounced from 0.786 fibo, longterm trend line and support. I expect price to rise from here until it reaches upper band, but first we need to break out above purple box :).
It is not financial advice, I'm just sharing my personal view.
XTZUSDT trade New vision to go up...XTZUSDT trade has completed its correction now its way to move up to fulfil bullish cup pattern as shown in the graph. Potential buy position will be between 23% fib level to achieve 400% fib level. Trade will boost up approximate 500% profit.
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Tezos finally looks primed for more upside.As long as the bull run continues from here tezos looks primed for serious upside and if it can flip this ascending yellow trendline to solidified support it could head to $15-16 soon after. The initial cup and handle it was teasing a breakout from a. We months back never fully materialized but it can essentially reach the same target the cup & handle had it going to if it flips this yellow line to support so in essence the cup and handle pattern was really just part of the right shoulder of this upward slanted inverse head and shoudlers. Of course if the bull market does not continue this whole pattern could become invalidated but it would have to crash pretty hard from here to invalidate. For now, probability favors it confirming this pattern eventually, my guess would be sometime before February. *not financial advice*
💡Don't miss the great buy opportunity in XTZUSD @tezosTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (4.629).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XTZUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 5.717
TP2= @ 6.091
TP3= @ 6.783
TP4= @ 7.184
TP5= @ 8.032
SL= Break below S2
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💡Don't miss the great buy opportunity in XTZUSD @tezosTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (4.629).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XTZUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 5.717
TP2= @ 6.091
TP3= @ 6.783
TP4= @ 7.184
TP5= @ 8.032
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
xtz long swing ~you know what they say about the majority?
they usually sell right before it's time to become buyers.
xtz looks to be in a larger 1-2 here, which is kind of my bias right now towards crypto; a larger 1-2.
if i'm right about this, the target for xtz would be at around $15 for the bigger wave 3 swing, which could take a few months to play out.
i'm out at $10 at the -0.236 as my usual target from a gz swing.
XTZUSDT PRICE PREDICTION After the retracement for almost 2 months the under rated xtz has made a huge cup and handle with falling wedge on a day chart. It can go to 15 dollars easily in some weeks during this bull run. Hope this support of 4.5 remains stagnant before closing of this week. All eyes on btc.
Not a financial advisor.