XTZ Double Descending Wedge PatternThere are 2 descending wedges that have formed. A larger, longer term descending wedge that is nearing its end and a smaller descending wedge inside the large wedge. Either way we break out of the small wedge, the bears or bulls haven't really made any progress until the longer term wedge pattern has broken. A lot of uncertainty in the markets with what is happening the world. It may seem very bearish for alt-coins that they are doing so poorly against bitcoin right now but this is how the cycles work. The money will soon flow into the alt-coin space. Seeing as a descending wedge is typically a bullish pattern, I am long in the mid/long term.
Also note how little volume there has been in XTZ/BTC the past 4 weeks. Volume is an important consideration. It really proves the move is true. For bears, the low volume should be concerning. For bulls, this looks like a ripe setup to break the descending wedge bullish. A break of pattern by early November looks imminent.
Happy trading.
XTZUSD
XTZUSD H4: BEST Level to SHORT IT 15% gains(SL/TP)(UPDATE)Why get subbed to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
XTZUSD H4: BEST Level to SHORT IT 15% gains(SL/TP)(UPDATE)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT as I expect more losses
short and mid term.
🔸 Summary and potential trade setup
::: XTZUSD 2hour chart review
::: 2.31 heavy key S/R level
::: H*S BEARS in progress right now
::: 2.31 is mirror S/R and RIGHT SHOULDER
::: expecting 15% correction
::: shorting from KEY S/R level is good
::: BEARS will target recent cycle lows
::: TP BEARS is +15% gains
::: targets based on swing extensions
::: get ready to short from highs
::: best reload BEARS 2.30 USD
::: recommended strategy: SHORT IT 2.30
::: TP BEARS 15% gains
::: short 2.30 / short rallies/rips
::: SWING TRADE: SHORT/HOLD IT
::: correction not over yet
::: good luck traders!
::: SHORT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS
::: Sentiment outlook short-term: BEARS
XTZUSD H2: BEST Level to SHORT IT 20/25% gains(SL/TP)(NEW)Why get subbed to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
XTZUSD H2: BEST Level to SHORT IT 20/25% gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT as I expect more losses
short and mid term.
🔸 Summary and potential trade setup
::: XTZUSD 2hour chart review
::: 2.30 heavy key S/R level
::: H*S BEARS in progress right now
::: 2.30 is mirror S/R and RIGHT SHOULDER
::: expecting 20%/25% correction
::: shorting from KEY S/R level is good
::: BEARS will target recent cycle lows
::: TP Bears is +20%/25% gains
::: targets based on swing extensions
::: get ready to short from highs
::: best reload BEARS 2.30 USD
::: recommended strategy: SHORT IT 2.30
::: TP1 +20% gains TP2 +25% gains
::: short 2.30 / short rallies/rips
::: SWING TRADE: SHORT/HOLD IT
::: correction not over yet
::: good luck traders!
::: SHORT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS
::: Sentiment outlook short-term: BEARS
XTZ 6h. Buyer's weakness will push the price to $1.9Consolidation in the XTZ market lasts exactly one month. The month after the XTZ price fell by 56%.
The main achievement of buyers for all this time is the test of critical level $2.4 . However, this local upward trend has deep corrections and is not at all the slope angle that could inspire for reversal.
If we look at the situation locally, the critical point for the downward trend from 14 October is at $2.25.
We can’t see interested buyers in XTZ yet.
The coin is spilled on both the growth and fall of BTC.
We assume that the fall will continue first to the level $1.92 , where the price has already been stopped twice.
The zone where buyers' interest may appear is $1.72-1.77.
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XTZUSD to see a sideways movement(1D) | Price riding the midlineMarket in last 1 week
XTZUSD saw a downtrend followed by price riding the midline Bollinger band
Price volatility was very high. The market moved ~15.41%, between $2.45 and $2.12
Today’s Trend analysis
XTZUSD expected to see the sideways movement as the price is riding the midline Bollinger band after getting a rejection from the upper band
Price at time of publishing: $2.14
XTZ’s market cap: $1.63 Billion
Oscillator indicators are mostly neutral. RSI at 43
Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral and Hull MA indicates a selling opportunity
Volume indicators saw a decrease in volume in recent candles as price decreased
Price expected to see a sideways movement as the price is riding the midline Bollinger band after getting a rejection from the upper band. Most of the Oscillator indicators are neutral. MACD line moving above the signal line with histogram size decreasing in the positive region, suggesting a bullish bias. RSI at 43, below the midline in the neutral region. CCI is around -36, in the neutral region with a pullback from overbought. Another interesting point to notice here is that volume saw a decrease in volume in recent candles as price decreased indicating a weakening selling pressure.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
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- Mudrex
10.15.2020 XTZ/USD AnalysisXTZ/USD is forming a rising channel and judging that it is forming a rising triangle pattern.
The primary resistance is the rise channel interruption, and the secondary resistance is the top of the solid point and the rising triangle.
Set the rising triangle and rising channel departure to SL and it's worth buying.
The arrow is the expected movement.
Have a good day.
BITFINEX:XTZUSD
XTZ.USD (Y20.P4.E1).StalkingHi,
Another one to stalk, looking for confluence with the levels for a small trade.
- Nice macro pullback;
- Bullish on the daily indicators;
- Possibly a bottom breakout formation, like BNT (previous post);
- Opportunity to trade it as a breakout option.
Like KAVA
Regards
S.SAri
XTZ/USD {Parallel channel Analysis}Hi every one
no need to say something , chart is speaking it self .
Remember that the trend is our friend and we have to take his hand and go with him.
Traders, if you like this idea or have your opinion about it, write in the comments. We will be happy
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast
Thank you for seeing idea . please support us
Good luck.
Tezos trading range XTZ is trading in a rising trend channel, and is now nearing it's support zone.
The green box is a good place to set buy orders for a potential move to the 0.382 fib, which coincides whit the upper trend channel line.
It can be the best buying opportunity at this supportPrice action of XTZ has found a very long term support on weekly chart. And this time priceline is again moving down towards this support.
On daily chart the priceline is moving within a down channel. The moon phases indicator is showing new dark moon appeared above support of channel and new full moon is at the resistance. The priceline is likely to be rejected by the resistance.
On short term 4 hour chart a perfect down trend can be seen.
On more short term hourly chart the priceline was moving in an up channel but broke down the support of this channel as well.
Conclusion:
On short term charts the priceline is turned bearish. On daily chart it is likely to move down after being rejected by the resistance of the channel. On long term weekly chart there is more cushion to drop more up to the support of long term support. Therefore when Tezos will be at the long term support that can be the best buying time.