My wave count for Tezos is like this, I'll update again in case otherwise.
Need to flip this orange 50 daily moving average to solid support and then we can validate the inverse head and shoulder breakout and head to this target. *not financial advice*
----- Welcome, dear followers! ----- - Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns. - For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me. - If a price...
Price bounced off the 4h demand zone as predicted. I am waiting for price to give a clear break of structure above the previous high before going long for confirmation.
XTZ Tezos has head and shoulders pattern. $1.26 is stop lose zone ...
🟢 XTZUSDT TF: 4H Side: Long Pattern: Double Bottom + Bull Flag Entry: $1.4329 SL: $1.4010 TP 1: $1.4912 TP 2: $1.5420 TP 3: $1.5831 TP 4: $1.6242 This thing will fly as it's at strong support now.
Based on fractals on the green box, I'm expecting $XTZ rally up before drops to demand zone marked by red line
XTZUSDT has made some clear moves in the near-past and it has confirmed the Short term confirmation, which is clearly seen in the chart. It's just a matter of time for it to gain momentum and go sky-rocketing in the upward direction. I am fully bullish on XTZUSDT and currently my setup for $XTZ is as follows: Entries : 1.21 - 1.40 One time Entry: 1.34 Short...
XTZUSD: long term The price is fixed below large volumes. Perhaps the price will look for a new bottom before the end of the bear market. If you like the idea, don't forget to subscribe and rate like👍
XTZ/USDT ::: _ Currently, the middle line is playing the role of resistance, when this resistance is broken, it enters the $2 range .
Are you ready for pretty cheap tezos ???? . . . . And here we go!!!!
Watch for a price action signal at 1.5602. Expect price to decrease 2287 from price level 1.5602.
#XTZ/USDT LONG TRADE SETUP LONG ENTRY:-$1.59 - $1.61 STOPLOSS:-$1.56 TARGET:-7% TO 10% LEVERAGE :-10X TO 20X Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Do hit the like button if you like it and...
As we can see on 1H TF, both RSI and STDev are converging which suggest the dip might be in. Furthermore, its trading ranges maintained inside an ascending channel which suggest a bullish continuation. If breakout from $2 resistance zone takes place, we could possibly see a rally up to 161% fib retracement.
As we can se in 1W TF, $XTZ price range is still tightened on 50% - 61% fibonacci retracement range (see violet fib retracement). An upside breakout from yellow ascending triangle might be a catalyst to start $XTZ bright season.
XTZ is moving in an upward channel above the trading range. There is no optimism for a continuation of the uptrend, so we should expect the asset to fall into a range to collect liquidity. I expect that after fixing under the resistance level XTZ may continue to decline. Further direction will depend on the price reaction on the upper boundary of the range.
White rectangle period along green uptrend followed by red downtrend with the difference being in the second red downward line, going through and breaking the green uptrend Regardless of this trendline break it could still signify a reversal