XTZUSDT AnalysisSince the candles are at the local resistance level, it's a good time to take profit if you bought XTZ earlier.
I'm bullish at the moment since there are 3 BUY signals from EngineeringRobo & no sell signals.
If you haven't bought yet, you can buy right now but I recommend you to keep an eye on it for EngineeringRobo's SELL signals. Because the candles are at the local resistance level. If there will be sell signal, you can sell it.
XTZUSDT
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.
XTZUSDT still has some gas in it.Tezos still seams to have some power in it and could try to reach the break the $3.25-3.30 resistance.
It confirmed the breakout from that small symmetrical triangle that was formed on the 2h TF and now it's trading inside the ascending channel formed since the beginning of the month.
My targets are on the chart.
Let's wait and see.
XTZ Opportunity analysisAfter the tragic dump to late longers,
People have been selling off their XTZ.
Yes, they fomo-ed.
I am expecting tezos to test the support lines in blue before bouncing back up.
The price may be more volatile because BTC is about to break out from a triangle (I will post one) and the overall direction can change by BTC.D
I'll try to update more frequently.
Good luck and stay safe.
Please like and follow. Thanks
Tezos (XTZ) - July 18Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
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Touch the 3.33 point while breaking through the important 2.8886 point and you are in your current location.
You need to make sure you can get support at point 3.185.
In the event of a downturn, we need to make sure we can get support at 2.8886.
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
XTZ SQUEEZE PARTY almost over?We have retested the 0.789 fib level and failed to hold above.
Unless the volume picks up, we may have to retest support. Hopefully not.
XTZ has been testing my patience, but, behold, the gains is inevitable. HODL because it will break ATH when we don't expect it.
+ Bullish triangle +
Tezos (XTZ) - July 12Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
I go on vacation from July 13-15.
Charts can be posted from the 16th.
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We received support from the downtrend line (2) and rose.
We need to make sure we can get support by rising above 2.7490 points.
We need to make sure we can rise above the downtrend line (3).
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
XTZ/USDT BINANCEOnce the price broke the yellow downtrend line, we saw a little pump.
volume is rising.
Those four lines shows the huge pump is coming, a big price change let's say...
Also a parallel uptrend channel has formed, showing uptrend.
Fibonacci retracement shows late entry point, but still fair enough.
$3.18 USD (5.01%)
0.00034880 BTC (5.83%)
Market Cap: $269,491,998,861
24h Vol: $59,082,642,236
BTC Dominance: 62.4%
Good Luck
$3.10 must be brokenTezos finds itself at a most critical juncture. $3.10 is possibly a more challenging resistance level for Tezos than $2.00 was earlier this year. The fact that xtz has not pumped above $3.10 yet during the recovery gives me hope that many of the would-be sellers on the ride up are exiting here. Thus, if we can get past this level many of the sellers will have left, clearing the way for buyers to take over the market.
The longer the battle for $3.10, the greater the odds that $3.10 shifts to firm support. Sustain a break above $3.10 and this is where things should become fun.