Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.0000855).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Tezos/Bitcoinis in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (4.20). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XTZBUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
Tezos has been dumped en masse for months now vs BTC. Nothing amazing has come out of the project whilst all eyes on ETH.
Traders looking to increase their BTC could look for a 50% gain in BTC if a whale goes on on this.
XTZUSDT is printing an ascending channel on the Daily timeframe.
Price is testing the ascending channel support.
RSI is printing a bullish divergence signal.
Price is printing a falling wedge pattern.
Buy entry ⬆️ - breakout above the falling wedge resistance.
Target 🎯 - resistance levels.
Setup invalidation ❌ - breakdown below the ascending channel support.
XTZUSDT is printing long term ascending channel.
Price 8s testing the channel support.
We could see a bounce off the support ⬆️ or a breakdown below the channel support ⬇️.
This can be a nice long i have went with a stop loss below the low around 1.77ish, Right now bullish momentum looks good lets see how this plays i will be holding for a long time. Targets can be anywhere from 7$-13$ I will be taking prfoits on the way up and trailing stops. This is just my own thoughts please use this with your own stragety :)
XTZUSDT brokedown below the range support.
Market is testing the flip resistance + 0.5 fibonacci retracement level.
Confirmed bounce off the resistance could be a bearish signal ⬇️.
Lower lows, beginning of impulse wave identified. Does not look like a corrective pattern. NFA.
I have identified nice point on the Fib Extension, Invalidation level in red as always. Anyways, I am longing this one once again. I will be following this space closely.
After a strong rally the past few weeks i expect that there will be a period of profit taking witch brings more downward pressure! I stay long on XTZ but on resistance i go short to cover the bulk of my position.
