XTZUSD trade ideas
XTZUSD D1: 350% gains BEST LEVEL TO BUY/HOLD(SL/TP)(SWING)Why get subbed to me on Tradingview?
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XTZUSD D1: 350% gains BEST LEVEL TO BUY/HOLD(SL/TP)(SWING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
READ ENTIRE IDEA BEFORE EXECUTING.
🔸 Summary and potential trade setup
::: XTZUSD 1days/candle chart review
::: updated outlook still valid today
::: CORRECTION MODE next 1-4 weeks
::: correction just started not OVER
::: chart is LOG SCALE
::: get ready to BUY LOW later
::: BUY LOW later
::: entry - after 30% CORRECTION
::: up to 350% gains possible later
::: short-term pullback/correction
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +350% gains
::: details: see chart
::: FINAL TP is 350% gains
::: recommended strategy: BUY/HOLD after pullback
::: TP BULLS +350% gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/REVERSAL/350% GAINS
::: Sentiment short-term: PULLBACK/CORRECTION NOW
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Strong upward move comingIf you were following my previous idea, you'll see that Tezos is completing its head a shoulders pattern and the price is entering a strong demand zone.
My current theory is that Tezos is in the process of performing a 5 wave movement upwards. We are about to enter wave 3.
Any dips below $3 should be aggressively bought. I'm expecting to see volume pickup around this area.
Some profits can be booked at $5 to be safe. The final target for this wave is $6.30.
Keep an eye on volume. If volume doesn't pickup in the $3 area, a drop back down to the trendline at $2.60 is possible.
A drop below the previous low of $2.54 will invalidate this analysis.
Bitcoin could, of course, ruin the party; however, I'm expecting Bitcoin to make an upward move as well, into the high 40s and low 50s. This should be enough runway for Tezos to make its move.
XTZUSD H4: 80% gains XABCD BEST LEVEL TO BUY(SL/TP)(NEW)Why get subbed to me on Tradingview?
-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates
🎁Please hit the like button and
🎁Leave a comment to support our team!
XTZUSD H4: 80% gains XABCD BEST LEVEL TO BUY(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
IMPORTANT NOTE: always do your own due dill.
not financial advice.
🔸 Summary and potential trade setup
::: XTZUSD 4hour/candle chart review
::: updated/revised outlook
::: still great setup for 80% gains
::: we already got valid reversal
::: at point C / so it's cycle low now
::: speculative XABCD setup in progress
::: BULLS BUY DIPS / market BUY NOW
::: from my level TP +80% gains
::: this is BUY/HOLD setup
::: patient traders only
::: not for gamblers
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +80% gains USD
::: details: see chart
::: FINAL TP +80% gains point D
::: recommended strategy: BUY/HOLD
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/PUMP/point D
::: Sentiment short-term: BEARS/PULLBACK/point C
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Did we actually break out of the downtrend?Tezos recently broke a long term downtrend which appeared to signal the beginning of a trend reversal. Volume briefly picked up after this breakout which was promising. A retest of the trendline was to be expected and happened yesterday; however, the volume from this test is anything but promising. The volume has been anemic in general during this entire upward move and it's clear there are no strong buyers at current levels.
In addition to a weak bounce and poor volumes, the 4hr chart is painting an ugly head and shoulders pattern. The loss of volume in the right shoulder is a telltale sign of this pattern. If this pattern plays out, it will easily drive the price down to $3.00 - 3.20 levels.
I think it's likely we'll see another test of the downtrend line in the coming days with another, quicker and even weaker bounce, followed by a breakdown and a further collapse of the price to the demand zone around $3.00
I want to be wrong about this, so things to watch for that would invalidate this analysis are an increase in volume and the price pushing up past $4.60. If this happens, $5.00 and $5.80 are definitely back in play.
Not financial advice
TEZOS BO downtrendline,ABC complete. Next 5 movesXTZ may have started wave 5. It is now trying to break above the 200 ema ribbons.
Breaking above 5 would be bullish since this is the potential zone where dma50 may be crossing dma100
& dma200.
If that happens, theses next 5 moves should come to reality.
Also note the confluence of GANN Fan as support & resistance lines.
not trading advice
XTZ at range resistance, breakout or burnout?Seems to be bottoming out, but hasn't formed a bearish divergence as it usually does. Volume looks like it can take more time to squeeze down. RSI also in a squeeze.
I am going to theorize that this time XTZ is going to breakdown from the 2 year long ascending channel and not breakout upward. because in the last run to $8 there was exceptionally huge volumes at the top, suggesting an old large hodler unloading, maybe a founder. Shake and bake baby.
Can we break out of the long term down trend?Tezos led the market with a pump this week, but can it be sustained? Tezos has been trading in an ascending channel which looks like a classic bear flag.
The price is testing an important level right now, if it can break out of the long term downtrend, $5 is the first target and $5.80 the second.
However, if Tezos can't break out of the downtrend, the bottom of the uptrend will be tested at $3.50. A break below the ascending channel will confirm the bear flag pattern, and could accelerate losses to the bottom trendline at $2.60.
I want to be bullish on Tezos, but unfortunately, I think the price action is going to largely depend on bitcoin. If bitcoin can can break through 42k in the next few days, I think the bullish scenario is more likely; however, if bitcoin drops back below 40k to the 38k levels, I think we will see the bear flag confirmed.
I have exited my Tezos position for now and will wait for more clarity in the market direction.
Not financial advice
💥TEZOS IS READY FOR 2X ROI TO $8🚀Please support this idea with a LIKE👍 if you find it useful🥳
Not a financial advice🙅🏼♂️
Price bounced back from the fourth support zone on the trendline and it’s currently heading to the upper trendline serving as resistance.
This right here is a confirmation that price is rising to $8.
What do you think?
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