XTZUSDT🌟Tezos began the cycling of rising recently and its now in a good shape to enter or invest for long term situation
🌟the cycle will have some pullback and dips too but the overall bias is certainly bullish and heads for our targets
👉This idea has the confirmation of "advanced price action" 👍
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XTZUSDT trade ideas
🆓Tezos (XTZ) Aug-19 #XTZ $XTZThe buying power has appeared at the important support area at $3.2, if it does not lose this zone, in the next few days, XTZ will increase strongly to the area of $4.3 and $5.5. But if it loses the $3.2 zone, it will fall back to the $2.6 zone
📈BUY
🔴Buy : 3.12-3.28$. SL if B
📉SELL
🔴Sell : 4.2-4.4$. SL if A
🔴Sell : 5.4-5.6$. SL if A
♻️BACK-UP
🔵Sell : 3.12-3.28$ if B. SL if A
🔵Buy : 2.54-2.66$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
Tezos XTZUSDT - Ascending channel + Next target- Tezos XTZ Rank #45, Volume 24h $141,285,330.
- On the chart we an spot an ascending parallel channel.
- RSI is prepared for another pump.
- Last time - Rejected by 0.786 FIB and ascending channel!
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
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XTZUSDT It is better to upload above the yellow zone, but this is at your discretion... You can also find an entry point at the current price
XTZ is located in a channel that everyone clearly sees, let's assume that a rebound occurs, then:
1. we have a minimum global goal of about 180% growth.
2. There are local areas/zones that will be possible serious resistances and local targets. It depends on how you trade, withdraw profit in parts as you move, or is traded from zone to zone.
3. Blue dotted line - less strong, intermediate resistances between zones, but also significant possible intermediate goals.
4. When the historical maximum is broken and the assumption is that this channel was part of the first wave, the correction is -2 wave, that is, an increase to 11-14.... But this is too far away, I would not think about it seriously.
Descending triangle in Tezos * Tezos in 1H time frame forms a Descending triangle pattern with respecting the upper trend-line as it's resistance and support near $2.7400.
* The popular opinion on Descending triangle is that, it may be a continuation pattern or a trend reversal pattern.
* If the price breaks the either side of the pattern we see a good move with a retest.