Tezos (XTZ): Possible Bounce From Local Support / Will Drop MoreTezos is looking sweet after another rejection from upper zones.
As price has been dropping steadily we are looking at candlestick moves here mroe than regular patterns and zones.
With each daily closing below local resistance zone we will be looking for zone to be reached within the next 10 days from where we ill be looking for smaller bounce or bigger one 👀
Swallow Team
XTZUSDT.P trade ideas
Long XTZ - Potential Reverse Head and Shoulder#XTZ is at the monthly support.
It is a bit early to tell but potential reverse head and shoulder is forming.
the previous day hammer candy is a good bullish sign.
Invalidate if price go below the monthly support.
Bitcoin is on the steering at moment. Rebounded at monthly support as well.
Idea - not financial advice.
#BTC #XTZ #ALT
Tezos KDJ signalXTZ is very undervalued ..and needs to play ketchup with the alts price performance winners.
We may remember may 2021 when Red Bull Formula 1 Racing Team Partners With Tezos
and Tezos ending Red Bull sponsorship deal - in dec 2022.
Tezos is a self-upgradable and energy-efficient Proof of Stake blockchain.
News from Twitter- indicate the project is active: tzBTC 2.0 has arrived! 🔥
Decentralised, transparent and now even more cost-effective: tzBTC 2.0 has launched.
XTZ/USDT It required to bounce for back to upward movement!💎 Paradisers, #XTZ has recently experienced significant market dynamics. Currently resting on the demand area, #XTZ needs to bounce for a potential upward movement and retesting of the resistance level. Previously, #XTZ faced rejection at the resistance area, highlighting its significance.
💎 However, if #XTZ successfully breaks above the resistance level and reclaims the price, it could signal a bullish continuation towards our target area.
💎 Conversely, if #XTZ fails to bounce and breaks below the demand area, it could indicate weakness. A breach of the support trendline would further confirm a bearish outlook, potentially leading to a reversal in price direction.
xtzusdt buy opportunityXTZUSDT shows a rounding bottom pattern, indicating a potential upward trend reversal. The projected buyback zone offers buying opportunities, with provided sell targets as shown on the chart.
We highly recommend utilization of moderate stop-loss to manage risk. Share your views, and your engagement is appreciated.