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XTZUSDT

XTZUSDT Symmetrical triangle, prepare for break out *** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to target one is not good, don’t take the trade. *** XTZ Probable - Long term symmetrical triangle - EMA’s bearish daily, 12hr & 4 hour - Looking for a BCR within the yellow box zone - 2 short targets Possible - Squeeze tighter into the point of the triangle - Watch to see if we create HL within there for possible bullish trend change - Watch EMA’s to see if they start to turn up and cross bullish - Wait for BCR of resistance outside of the triangle - 2 long targets
Short
by TradeTravelChill
1
XTZ 6h. Buyer's weakness will push the price to $1.9Consolidation in the XTZ market lasts exactly one month. The month after the XTZ price fell by 56%. The main achievement of buyers for all this time is the test of critical level $2.4 . However, this local upward trend has deep corrections and is not at all the slope angle that could inspire for reversal. If we look at the situation locally, the critical point for the downward trend from 14 October is at $2.25. We can’t see interested buyers in XTZ yet. The coin is spilled on both the growth and fall of BTC. We assume that the fall will continue first to the level $1.92 , where the price has already been stopped twice. The zone where buyers' interest may appear is $1.72-1.77. _______________________ Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
Short
by P_S_trade
5
It can be the best buying opportunity at this supportPrice action of XTZ has found a very long term support on weekly chart. And this time priceline is again moving down towards this support. On daily chart the priceline is moving within a down channel. The moon phases indicator is showing new dark moon appeared above support of channel and new full moon is at the resistance. The priceline is likely to be rejected by the resistance. On short term 4 hour chart a perfect down trend can be seen. On more short term hourly chart the priceline was moving in an up channel but broke down the support of this channel as well. Conclusion: On short term charts the priceline is turned bearish. On daily chart it is likely to move down after being rejected by the resistance of the channel. On long term weekly chart there is more cushion to drop more up to the support of long term support. Therefore when Tezos will be at the long term support that can be the best buying time.
KRAKEN:XTZUSDLong
by moon333
1
XTZ/USDT 2h (Binance Futures) Rising wedge breakdownTezos just broke out to the downside, I was planning on shorting it earlier but I preferred to wait for it. Now the idea is to catch a pullback retesting that bearish pattern and follow the downtrend! Current Price= 2.169 Sell Entry= 2.192 - 2.242 Take Profit= 2.132 | 2.080 | 2.008 Stop Loss= 2.302 Risk/Reward= 1:1 | 1:1.61 | 1:2.46 Expected Profit= +15.32% | +24.72% | +37.72% Possible Loss= -15.32% Fib. Retracement= 0.5 | 0.618 | 0.786 Margin Leverage= 4x Estimated Gain-time= 240h
Short
by TradingOn
4
Tezo's extremely oversoldOn the XTZUSD chart, we are hitting this MAJOR trendline. I imagine this will hold as support and we will move higher from here. You can also see that RSI is extremely oversold which would also indicate a move off this $2 area. If we coincide this with the XTZBTC cross, we can see that RSI is also very oversold here and hitting this .618 fib line. this should also produce a bounce. Tezos's has now gone down almost 50% in just a month. It's definitely oversold. Look for bounces targetting this $3 area. Once we get there we can see if it's due for a much larger run up in the near term. Cheers, -Sherem
Long
by Sherem
3