XTZUSDT trade ideas
TezosToday is the second day of the speech of the head of the FRS, Mr. Jerome Powell. All traders are looking forward to its end, because most likely it will decide the future fate of the financial markets. During yesterday's speech, Bitcoin showed increased volatility throughout the hour. But it closed at the opening price of the hour. As for altcoins, after their dump they made a deeper correction than Bitcoin. Cryptocurrency Tezos is one of my trades that I opened at the beginning of this year, and still have not fixed a profit. Although the results exceeded all expectations. I remain optimistic and I think that after today's speech, Bitcoin will continue to grow and pull altcoins with it. I plan to close my positions when Bitcoin reaches $30,000. The chart shows how Tezos formed a diverging channel. Now we are near the lower level of this channel. And most likely we will make a U-turn and go up after Bitcoin.
#XTZUSDT 6H Chart
Price retested the support around $1.15 where it bounced from and it is currently in a range showing no major movements. MACD is showing bearish weakness, RSI is slightly sold and EMAs are neutral. I expect price to retrace toward the $1.3 area where we have a minor breaker zone before continuing to move down towards the 12h demand around $1.04.
XTZUSDT bounce possible longToday let's look at XTZUSDT. The coin has been walking between two levels for about a month. The price tried to break through the level 1.185 twice, but could not hold and went down. Now the picture is as follows: we are following the trend and it is already fixed at the resistance level, which now serves as support. Therefore, it is quite possible that we will go up to the next resistance level at 1.343. Let's put a stop behind the trendline at 1.199.
XTZUSDT wants the breakout?The price of XTZUSDT has been attempting to break out from the resistance level at $1.2, which is a significant level of resistance that has been tested several times in the past.
However, the price of XTZUSDT has recently made a clear breakout from a descending channel, which is a bearish technical pattern that is formed by connecting the price highs and lows with two downward sloping trend lines. A breakout from a descending channel is a bullish sign that suggests that the downtrend is coming to an end and the price may be ready to move higher.
Furthermore, the price of XTZUSDT has bounced off the 0.618 Fibonacci retracement level, which is a commonly used technical analysis tool that is based on the Fibonacci sequence. This retracement level is considered to be a significant level of support and resistance in the markets, and the fact that the price bounced off this level is a bullish sign.
Taken together, the breakout from the descending channel and the bounce off the 0.618 Fibonacci retracement level suggest that the price of XTZUSDT may be ready to break through the resistance level at $1.2 and move higher., so According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
XTZ Trade Setup in short time>>>>>>>Hello EveryOne
I Have Tried My Best to Bring the best Possible outcome in this Chart.
XTZ can break out from static resistance ,
and completed pullback from support area .(Entry point)
dou to the more support market We can set buy position in daily correction.
Short term Support & resistance's marked on the chart.please buy in correction and set your stoploss.
All TP marked on the chart.
SPOT & Futures trade.
It's just an analyze,
Not a financial advise.
PLZ DYOR
With hopping success>>>>>>>>
XTZ Long soon Ada & Eve PatternXTZUSDT 12HR,
We have formed an adam recently, I am not going to short the resistance, because the Adam pattern could be formed in a larger way (Weekly), So, right now I will be waiting to retest the level of 0.9 which is a psychological level of support, 0.618 Fibonacci retracement level, and maybe grab liquidity from 0.871 which is a weekly level of support.
✴️ Tezos Perfect Prediction | What Comes Next?Here is the chart for Tezos (XTZUSDT) from December 10, 2022, going perfectly as predicted...
Not trying to brag or show off, just sharing this to say, if we can predict the bottom, we can also predict the next wave up.
Brace yourself... Cryptocurrency is about to turn wild, crazy, amazing, profitable and extremely fun.
Namaste.
Entering the price correction wave?XTZ continued its price growth last week. The support of buyers has caused the resistance of the range of 0.86 to 0.90 dollars to be broken. Hitting the two important static and dynamic resistances in the range of $1 to $1.05 had a negative reaction, and has caused the price to stop below this resistance. If the support of buyers can break this resistance, we can expect further price growth to the resistance range of 1.22 to 1.36 dollars. But if the negative reaction to this range causes the price to enter the corrective wave, the support that can be considered in the demand area ranges from $0.86 to $0.91. Of course, the support of $1 has prevented the price from returning several times in the low times. In the weekly time frame, two strong bullish candles signify a fake break range of $0.90. Therefore, the return to this area is followed by support again.
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Tezos XTZUSDT price is at a critical point, where to go next?Here is the whole trading history of the once quite popular pair XTZUSDT
The XTZ price grew skillfully during 2019-2021 from $0.35 to $9
And then a stable downward trend, which has been going on for more than a year
Now the XTZUSD price is at a critical point.
If buyers can gain a foothold above $0.75 , there will be a good chance of working out the blue scenario. In the medium term, it is the growth to the liquidity zone of $1.20-1.80
If sellers do not meet resistance from Tezos buyers, and the XTZUSDT price is confidently fixed below $0.75, then the next purchase zone is not earlier than $0.46-0.56
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XTZUSDT Deep Analysis of Harmonic and ElliotwaveHello Guys,
So Far After Analyzing XTZUSDT Coin i found that its in an uptrend also following the Elliot wave theory very precisely so far.
as per the harmonic is concern if wave 5 hit our HR Target area then odds are high that this harmonic gonna play out.
also there is a Fibonacci time pivot in bitcoin coming at 14th of January so probably yes that matches the theory for the corrective move at that time.
We have untapped daily level above in xtz chart as well.
becarefull this is not a financial advice, also don't overexpose your self to unnecessary risk. do only paper trades untill you become master in the field.
Regards,
Hedgers.
#Tezos drops 63% in 6 Months, XTZ Bearish Below $0.83Past Performance of Tezos
In the second half of 2022, Tezos lost 63 percent, further heaping pressure on buyers. At spot rates, XTZ is not yet out of the woods, just not yet. Looking at the performance in the daily chart, prices are bouncing from the middle BB, a dynamic resistance line. This development is generally bearish. As it is, buyers must clear $0.83, surging above the liquidation line with expanding trading volumes.
#Tezos Technical Analysis
Sellers are in a commanding position. Based on the events in the daily chart, every bounce higher could be a dead-cat bounce, a bull trap. Therefore, in light of these events, traders can unload XTZ on every high below the middle BB and $0.83 on the higher end. The immediate target will be at $0.70, the December 2022 low. This trend will only change once buyers drive prices above the 20-day moving average and reverse the losses of December 19. As prices pump, there should be a marked expansion in participation levels to mark interest from stakeholders.
What to Expect from #XTZ?
Traders are cautious about loading on dips since the primary trend is bearish. Although XTZ is up roughly seven percent from December lows, there needs to be more work. Traders can look to unload in the short term, expecting more dumps.
Resistance level to watch out for: $0.83
Support level to watch out for: $0.70
Disclaimer: Opinions expressed are not investment advice. Do your research.