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XTZUSDT trade ideas

🔥 XTZ Long-Term Bullish Channel: UpdateOver 2.5 months ago, I made a long-term analysis on XTZ and the bullish channel it has been trading in since it's inception. It appears that investors were watching the exact same channel. Since the price touched the upper resistance of the channel, XTZ has seen a bearish move to the downside. Assuming that the price will follow the channel in the coming weeks, I'm expecting a move towards the green reversal area. This would also be the area where potential investors will be stepping in again. However, I'm aware that the current market outlook is overly bullish. So there's a decent chance that the price will never reach this reversal area. In case of a bullish move, I'm looking for a break out of the channel and the re-test following that break out. A positive re-test would be a great signal for the price to continue going up. Long term bullish target: $20. Happy trading!
Long
by FieryTrading
11
XTZ - Trend-Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow. XTZ is overall bullish so we will be looking for buy setups on lower timeframes. on H1: XTZ is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, XTZ would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
38
Tezos U.S. Dollars (T)Tezos is 1) approaching/already landed on a firm support 2) approaching the 50MA which it has previously skipped off of on three prior occasions 3) gearing up to retest it's September - October pennant. Wicks are also suggesting a good response to to this support level Look below for analysis of its BTC pairing This is all contingent on BTC continuing its uptrend or if Tezos begins to counter trade BTC RSI is also approaching 50 (Could bounce off) Nothing is FERCLY confirmed so this is mostly a gamble also considering the previously mentioned contingency
by Ostia_
1
XTZUSDT a Descending wedge and time to open!/Trading StrategyBYBIT:XTZUSDT 1H trend chart In this trading strategy, I'll provide 2 types of open timing for aggressive and conservative traders, respectively. - We modify the patter as a descending wedge from a triangle (refer to last analysis) Price suddenly plunged while ETH falling, but it formed a good wedge. In the meantime, price hit Vegas tunnel_576ema, and rallied back to 12ema rapidly. Also, Fib(0.382) showed a strong support for price. - So here is our first timing to open position, and trading strategy as below. - *Notice the resistance from upper trend line =>Based on this resistance, conservative trader could wait for the break-out of upper trend line. - Profit Targets: a) 9.166----Fib(1) b) 10.187~10.599----Fib(1.272~1.382) c) 12.918-----Fib(2) Stop losses: a) 6.847----Red horizontal ray - If you like this analysis, give it a like and leave a comment below to share your perspective or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
3