XTZ ready to move.. xtz looks ready to move up. Looking at 4.00 -> 4.50. Strength index is up. volume is increasing and XTZBTC pair is aligning with usd movements. In my experience this is when price can fluctuate in large amounts. The energy is above the moving average. As the red MA moves up it will push up price imo. We will see.
good luck
Xtz
More Wedges XTZXTZ Idea
More wedges a continuation from my last post about DGB
Currently within a broadening wedge
This has promise to act bullish and push the price back into the rising wedge
Rising Wedges are often bearish, although lately I have seen some bullish ones
Falling wedges are more than often bullish, emphasized on chart
XTZUSDT (TEZOS) - POTENTIAL BREAKOUT ANALYSIS 🔎
- XTZUSDT is retesting the flip horizontal support and 0.618 fibonacci retracement level.
- Price action is printing a falling wedge pattern.
- This is a bullish reversal pattern.
- There's a breakout potential
BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance.
TARGETS 🎯
- Horizontal resistance levels (R1, R2).
SETUP INVALIDATION ❌
- Breakdown below the falling wedge's support.
Enjoy 🥂
XTZUSDT (TEZOS) - IMMINENT BREAKOUT ANALYSIS 🔎
- XTZUSDT is consolidating in a symmetrical triangle pattern .
- A relatively big move is imminent.
- There's a breakout potential.
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance.
- Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support.
TARGETS 🎯
- Uptrend ⬆️: Horizontal resistance levels (R1, R2).
- Downtrend ⬇️: Horizontal support levels (S1, S2)