XTZUSD - FallingWedge Breakout (4HR Timeframe)Breakout of the FallingWedge and clear support from the year long trendline support, so good chance we see continuation to the upside as long as Bitcoin holds steady.
The level I'm watching is the $2.60 region since it was previous resistance multiple times, as well a previous target of a bigger FallingWedge seen 2 months beforehand.
It's also possible for us to reach and test the $3.00 regions in the future, and eventually testing the upper support of the year long trend, though it is too far out to analyze for the meantime. Also, if the price stalls too long in it's current area of $2.35, then that may be a bad sign as well, we need a big push.
XTZUSD
XTZ big move coming! XTZ price has been steadily moving while btc xtz pair has been moving down. Due to sudden spike in BTC, holders are moving out of xtz into btc. This has landed xtz in the oversold zone by a good margin. When BTC begins to move back to xtz price will spike. MACD will make cross above center line within about week I believe signaling trend reversal. But the bottom would most likely be now.
what are your thoughts?
peace
XTZ/USD (round 2) :)XTZ/USD round 2
XTZ has had a massive sold off after our date of 10th August 2020.
Now is at an interesting level for holders to reaccumulate, anyhow, if you are already in , you will see 2 interesting targets in red (TP1, TP2) to redistribute/sell.
With a DAILY close above the black resistance at around 4.492 would activate the much more ambitious targets.
An eventual fall and close below 2.32 would activate the 2 buys in green.
Good Luck :)
LSMTS
XTZ BTC pair about to run. 2.50 -> 3.00 -> 3.50 usdlooking at the weekly xtz btc pair, price has touched the bottom twice and is leveling out. Moving average is leveling out, RSI is just touching the floor of being over-sold and volume has created higher low on the oscillator.
Signs point to a strong move upward within a week to a week and a half. This chart also validates an evaluation I did recently on XTZ USD pair I'll share below.
Again, be aware that if BTC has a strong correction that XTZ and others will most likely follow. I expect that XTZ would move up very sharply after this correction if not before.
There is money to be made, and greed is a relentless task master. So I think price will go up.
Friends do not trade with your gas money, buy gas with your gas money and trade with your cigarette money..
Peace
XTZ at the bottom 2.50 -> 5.00 -> 8.00looking at daily chart and marking support/resistance zones. XTZ is staying in upward channel. could take a couple months to reach new highs, but if you were going to buy at the bottom and hold, the signals emphasize now to be a good time. Possible that we could see 1.85 before moving up but the risk/reward on the long term target is very good.
XTZ - Time to close positions - Trend ReversalHi,
There is now 3 targets to close short poistions.
1 is safe and right now.
2 has good luck to happen when we look at the volume divergence right now on this mini ascending channel.
3 is the main support, the best point to close. (the second point of a double bottom in weekly chart).
Then we switch to long position, with a safety stop loss, because the weekly chart is an ascending channel, and 9 time over 10, ascending channel will finish in a breakout from downside. But I think we are on the 3rd movement, we will see that at the 5th one.
Have a pleasant day,
Tezos Rising Wedge Breakdown XTZUSDClear rising wedge
This is a bearish pattern and bearish results can be observed already.
Long term growth potential outpaces the potential 'savings' from selling based on this observation. I advise holding if you are an owner of this coin.
Hence my position on this coin is neutral.
XTZThis next leg up on XTZ should hit my TP around $4 plus. Daily Stochastic getting oversold but fighting to stay in the purple box zone,
H4 looking to start moving towards overbought this should lift the daily & keep elevating the weekly stoch rsi as well. I will close 50% of my position at my TP & keep the rest on free ride for the moon shot whenever that day arrives.
Projection off of Vol Candle x100 Tezos potential ETH DominanceLook at the massive accumulation candle from the March 2020 Dip! That's a lot of buying power.
I'm generally bullish on any coin I believe has interesting and groundbreaking technology. Sometimes I am right and sometimes I am wrong. I know the space is crowded, but so is The Nasdaq.
I really like the Tezos set up for a massive bull run potential.
This is not trading advice.
#XTZUSD Starting To Take Off!Tezos is a self-amending decentralized platform for building dApps. It's similar to Ethereum in a way that both blockchains support dApps built using smart contracts. ... The most notable one is the network's on-chain governance, which allows holders of XTZ, Tezos' native coin, to vote on the network's future direction.
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