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Tezos / TetherUS

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XTZUSDT trade ideas

🔥 XTZ Forming A Bullish Inverted Head & Shoulders PatternSince the major sell-off late last week, XTZ is one of the most volatile assets in the market. A massive bullish push of +60%, followed by an almost 30% sell-off. This morning, XTZ found support around $4.5 area. This reversal is shaping up to form the second should in an inverted head & shoulders pattern. Conservative investors might want to wait for the pattern to be completed before entering a position. Risk-loving investors might want to consider stepping in now to ride the potential wave upward. For the remainder of the weekend, BTC and the stock markets seem to be in a relatively good shape due to positive inflation news. I'm quite bullish. Happy trading!
by FieryTrading
14
XTZUSDT is trying to have a breakout 🦐XTZUSDT is trying to have a breakout from the daily resistance and descending channel IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure.
Long
by InkyGrip
11
TEZOS (XTZ) - Attempting to break a long draw downI grabbed a small amount of XTZ last dip as it was approaching a zone of interest. It has subsequently seen a nice bounce which has broken from the declining trend marked on the chart. it is currently retesting this breakout and could be worth entry. This rebound is confluent with the 0.68 fib retrace and support zone marked. Note, the trend does not touch that many price points and an alternate trend is marked in the dotted line that is worth paying attention to. For prudent traders, this is still structurally quite weak so look for entry once it regains the 0.5 and breaks this shallower trend - not a bad idea with the question mark around BTC and wider market right now too. Worth putting on watch list if you don't want to risk entry now. You can see this current rebound stopped at the 0.5, once we regain that 0.5 that will be confirmation for me that buyers have taken over One for the watch list
Long
by jamoooo
#XTZUSDT Daily Chart After price reached it's all-time high, it ranged in a downtrend from there. It recently moved up aggressively where it broke above the previous lower high leaving a 1h demand zone at $4.29 and an imbalance at around $4.5. MACD lines crossed and is now bullish, RSI is bought and price is back above EMAs. I am looking forward to entering at the 1h demand zone aiming for a new all-time high however i would be looking for low timeframe confirmation once it taps into this area before setting a limit trade.
by saviour25