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XTZUSDT Perpetual Swap Contract

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XTZUSDT.P trade ideas

Double Bottom Play on XTZHi everyone, I hope you are all doing well. I am obsessed with low risk high reward spots. XTZ seems to be providing us with a potential opportunity. This is a low probability play, but the reward is well worth it. XTZ both likes to bounce from oversold RSI levels on the daily, and also is more prone to double bottom with its price compared to other coins. It could be shaping up to form its weekly higher low. Currently, BTC is roughly 3% away from its $55,600 low it made a few days ago, while XTZ is about 8% from its low. This increases the likelihood of a double bottom bounce for XTZ as it will have some extra wiggle room to work with even if BTC price breaks down below $55,600 for another leg. Finally, the 200 day simple moving average is at $4.725 as an extra layer of support. Initial entry: $4.711 Second entry: $4.599 Stop Loss: $4.579 Take profit: Just below the $6.50 resistance zone and 50 SMA cluster.
Long
by RagsToRichesRatio
1
XTZ / USDT (1D)Ichimoku cloud and fib support around 0.786 (blue box) held nicely giving a continuation signal with higher low swing and the current trendline intact. C-Clamp (divergence) pattern forming alongside a crossover on lower band Stoch RSI makes this a medium risk play. If the trendline is broken from of a lower low swing, de-risk by reducing position is an option but I'm prepared to hold through some volatility . I expect fib resistance around 0.786 (red box) and suggest taking profits around $8, then $9 before leaving remaining hold for price discovery .
Long
by UnknownUnicorn28598612
1
₿ TEZOS 1W ₿ : 16.Nov.2021 (XTZ)TEZOS is currently price correcting and the most important support for this crypto is in the range of $ 4.78 to $ 5 ...This important PRZ is a combination of the bottom of pitchfork support and the Golden Fibonacci ratio (61.8) and the key static support that we expect the price to return from this range and start rising again. Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @Ar_M_An_4 📅 16.Nov.2021 ⚠️(DYOR)
Long
by ArmanShabanTrading