XTZUSD.P trade ideas
XTZ at $1.66 as bullish momentum inflatesTezos price analysis shows a bullish bias trend
XTZ prices have sought support at $1.64
Resistance for XTZ is present at $1.74
Tezos price analysis is bullish, with the XTZ/USD pair rising to the $1.69 level. The price action recently created a bullish engulfing candlestick pattern, which indicates that the bears are losing control. Currently, the price is just below the channel’s upper boundary at $1.74. A breakout above this level could see Tezos target the next resistance level at the $2.00 level. On the other hand, a failure to move past $1.74 may see the price pull back to test support at the $1.64 mark.
Incoming $XTZ BreakoutAs 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.
Incoming Tezos Bright SeasonAs 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.
XTZUSD - Reversal SuggestionWhite 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
XTZUSD Going down?XTZUSD Sell setup almost complete, wait for it to complete at 5 or alternatively place a sell limit. Entry,Stoploss and Target shown on the chart.
Could XTZUSD be selling?XTZUSD Sell setup almost complete, you can place a sell limit or wait for it complete at 5. Entry, Stop Loss and Target shown on the chart.
$XTZ Short Term TABased on the chart, $XTZ has been corrected to 1.48 which is around 50% fibonacci retracement . So, in the short term TF we might see $XTZ trading range tightened in $1.57-1.72 range. If breakout from 100% fibonacci could take place, we might see a bulish continuation to $2.2 - 2.3 price range.
This TA is purely my personal opinion and is not financial advice. keep DYOR
XTZUSD (1H) Bullish breakoutHi Traders
XTZUSD (1H Timeframe)
The market is in an uptrend, and we are waiting for an entry signal to go LONG above the 1.864 resistance level. Only the downward break of 1.773 would cancel the bullish scenario.
Trade details
Entry: 1.864
Stop loss: 1.773
Take profit 1: 1.920
Take profit 2: 2.010
Score: 7
Strategy: Bullish breakout
XTZTo understand XTZ & EOS is to understand zombie blockchain theory. Last year AVAX SOL ATOM where the winners against ETH via the defi pump where XTZ & EOS were to ETH back in 2017-2018 winners because they were competing vs ETH for smart contracts.
But since then there has been no FA news no developments. While ETH AVAX SOL ATOM ADA are constantly growing. So moral of the story is this coin will stay Zombified until either FA comes out or not.
XTZUSD H8: 35% correction warning distribution TP 1.20 USD(SL/TPWhy get subbed to me on Tradingview?
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XTZUSD H8: 35% correction warning distribution TP 1.20 USD(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: XTZUSD 8hours chart review
::: updated/revised outlook
::: distribution in range / weak chart
::: limited upside / expect dump from HIGHS
::: weakness will last for 4-8 weeks
::: LOG SCALE chart
::: not a great looking chart
::: bear flag on bear flag setup
::: aggressive FED rate hikes guaranteed now
::: CLEAN REJECTION AT recent highs
::: S/R was re-tested produced WEAK bounces
::: final BOUNCE possible now before DUMP
::: also noteworthy sequence of lower highs
::: recommended strat: SHORT from range highs
::: final TP BEARS is 1.10/1.20 usd
::: 30-35% correction possible next
::: 4-8 weeks in July/August 2022
::: right now no upside in this market
::: position traders should wait for
::: better entry prices later after
::: final PUMP possible into FED to trap BULLS
::: recommended strategy: SHORT SELL RIPS/ RALLIES
::: TP BEARS is +35% gains - near 1.10 USD
::: BULLS stay out until correction is over
::: SWING TRADE: SHORT/HOLD IT
::: correction run not over yet
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION/35%
::: Sentiment short-term: BULLS/FAKE FINAL PUMP
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
XTZ triggers long for a squeezeXTZ is the first to setup with a short squeeze. Triggering above 1.61 this has potential to get close to 2.95 without much problem over the next few weeks. For the long term holder this a strong entry with potential to take out some gains around the 2.91 area after a solid 80% trade.
Double bear flag on XTZ Pretty common structure here, should play out unless CPI numbers come out and shock people tomorrow with good news.
CRYPTONITEI mean- it's been prophecised
Illuminists put it on the cover of The Economist
NSA published a paper on blockchain in 1996
Crypto wins
Does bitcoin- probably not...
Here are my 5 current picks:
ICP- see previous idea
ZEC- acceptable face of privacy coins, going POS
XTZ- decent POS consensus, established chain, nice discount from ath
EOS- scalable; Bullish Global
Doge- actually has a use, going pos; he who controls the memes controls the cryptoverse (Elon)
GRI 2022
Rev 13:17
XTZUSD - Short Term $4, Mid Term - $6.5, Long Term - $10-$12 XTZUSD still in accumulation zone between $2-$2.30. After that Short Term $4, Mid Term - $6.5, Long Term - $10-$12 as targets. Hopefully this will happen in 2021.
XTZ can be staked for 4.8-5% APY staking rewards.
This is not a financial advise. Just my thoughts.
will open a xtz short.Stops about the equal Highs and 50% of the consolidation convince me that this trade is useful. 15 minute timeframe has to be blessed.
XTZUSDXTZ/USD
Potential inverse head & shoulders pattern👀
Looking for the right shoulder to be complete if we break inside Ichimoku cloud and more upside if pattern gets confirmed
