XTZ is moving in the Megaphone pattern and the 2.1$ zone is very reliable to give us a good profit. XTZ is on the way to conquer the 2.5$ zone, which is a very important resistance zone and a decisive factor for the next trend of XTZ. If XTZ conquers this area successfully, it will surely increase strongly to 3$ - 3.5$ and even 4.2$ in the end of this...
After breaking out of the 1.9$ zone, XTZ quickly turned back and closed the 1D candle above the 2$ zone and this is a good sign that the 1.9-2$ zone is very important for XTZ and it can push the XTZ up strongly in this November. The heading targets will be the 2.5$ and 3.5$ zones However, if the 1.9-2$ zone continues to fail, there is still a very strong support...
preconditions for a false sample. - False breakdown LOW 1.8$ - Reaction from the level. - Buyer bought back the seller. - Breakdown of the tilt is added to the position. - Take profit set by the zone.
Its time for bearish. Head shoulder pattern Target in chart. Sorry if i cannot write more. I draw in handphone
As stated in my previous post, XTZUSDT did not stay above the diagonal lines and wasn't supported by the rings either, so bulls failed to hold. Currently XTZUSDT is heading down to 1.9 support, and may consequently move down to support rings at 1.6/1.7 and possibly move to 1.2 support if bears win! #TradeCarefully
IF XTZUSDT CAN BREAK ABOVE THE DIAGONAL RESISTANCE THEN IT MAY BE SUPPORTED BY THE FIB RING AND FAN AND HEADING UP TO THE NEXT RESISTANCE POINT 2.7xxx, ELSE IT MAY GO DOWN TO 2.0-2.2 FOR A RETEST CONFIRMATION OF STRONG SUPPORT! TRADE CAREFULLY!
Bullish Accumulation forming... If it continues down then we going to 2.1-2.2.
Tezos is on dangerous support, if break-out is confirmed this would probably go down, so that's our short-term set-up: Sell Entry= 1.995 - 1.925 Take Profit= 1.847 | 1.787 | 1.681 Stop Loss= 2.073 Risk/Reward= 1:1 | 1:1.53 | 1:2.47 Expected Profit= 28.85% | 44.15% | 71.15% Possible Loss= -28.85% Margin Leverage= 5x