XTZUSDT
Tezos (XTZ); Can the Bears Stop this Tezos Run?
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Hey gang! Today we see Tezos in an uptrend and showing no sign of stopping. Let's take a look at some levels and see if we can't find an entry.
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STRATEGY USED:
Range Retester
Trend Confirmation = Directional Bias
Entry Signal = Orderblock Mapping with or without retest of Directional Bias Range
Exit Signal = Triggers OR Directional Bias OR Orderblock Mapping
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1. Directional Bias is showing an uptrend (Teal bar color) for XTZ/USDT on the 1 hour chart.
2. With this strategy we want to enter on retests of ordeblocks while in an uptrend (Teal bar color).
3. We are first and foremost looking at S1 support for an entry due to the bullish orderblock and prior swing highs that should soften any type of dump to that level.
4. Next level we would be looking at S2 support. The idea here is to front run the top order block to ensure an entry at that level in case anyone has their eye on it.
5. Either setup is valid and depending on what risk:reward you are looking for, R1 and R2 are both valid ranges to consider an exit using the bearish orderblock clusters.
6. Alternatively we will exit if Directional Bias shows a downtrend (Maroon bar color) or scale out if we get an L tp (long take profit) signal from Triggers.
XTZ and its mission to Andromeda!Hy guys!
Tezos is very bullish and it looks to me that price could repeat a Februar 2020 situation, where a triple EMA cross happened right before
this parabolic price rise to nearly 4USD.
In the current situation we could see a Pullback to the 2.58-2,60USD zone which aligns with the 0.381 Fib level and is also a flipzone, indicated by many touch points in the past, which could make this a great area to fill your bags! Eventually, this area also could be the end of a potential wave 4, however, yesterdays daily wick nearly touched this area already!
Currently price also forms a bullish Pinbar on the daily.
In my opinion, the chances are higher to see a trend continuation and that a correction that many are waiting for, already had happened!
See the screenshot for more details!
Please comment, share and like this idea if you get out some value from it. This will keep me motivated to eventually post more ideas in the near future. Thank you!
PS: Always use a Stop Loss!
XTZ/BTC What a beautiful uptrend patten ! XTZ/BTC in a beautiful uptend patten. It is so bullish even BTC and other coins are in the side way or bear market.
Sooner or later it will pass the last ATH and keep going up, the odds is favor the upside. If you do want to catch the bus, I will recommend take some profit in the previous high, and leave the rest of the money till it reaches 1.618 Fib level. Why, because last time, it reaches the same 1.618 level based on its previous high and low.
Tezos on the move
XTZ followed the market pump and broke out 2.15 resistance. Target for this move is resistance zone at 2.47 - 2.55$. Although there is a chance it will pullback to re-test broken resistance, before going higher. This would give a chance for safe long entry.
Support: 2.18 / 2.10 / 2.00
Resistance: 2.47 / 2.55 / 2.73
Week chart look bullish.
XTZ/USDT 8H (Binance Fut) Possible pullback down to rising wedgeAfter reaching last target longing Tezos vs Bitcoin, it looks ready to retrace in TetherUS.
I'm expected at least a decent pullback. maybe down to the rising wedge which broke-out few days ago:
Sell Entry= 2.720 - 2.780
Take Profit= 2.633 | 2.569 | 2.468
Stop Loss= 2.873
Risk/Reward= 1:1 | 1:1.48 | 1:2.29
Expected Profit= 22.35% | 33.10% | 51.25%
Possible Loss= -22.35%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 5x
XTZ 1D - Rising WedgeBest target is 0.23 FIB retracement if breakdown occurs.
I've put in Pink SPX price which is going very similar those days.
Possible Inverse Head and Shoulders on XTZTezos has been my favourite altcoin to hold all 2020. As displayed on the chart, we can see a possible inverse head and shoulders. Pretty possible that we see it blast off straight from here as Bitcoin looks strong enough to go for 7300-7350. But right now it doesn't feel attractive taking a long position, so I will wait if this opportunity presents itself.
XTZUSD: Second test of resistance Tezos is doing great, bounced off support (missed my bids on a couple of dollars) and goes to resistance to test it in the second time.
Don't plan to short this ride now, because I think it could go higher - to $2.4 for example, where I'd prefer to short, but watching closely on the price.
Mid-term I think it's more profitable to buy pullbacks.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
XTZ Nearing SupportXTZ on the daily chart looks to be nearing support inside of the ascending wedge. Usually these eventually turn bearish, so keep a tight stop loss at the bottom support line of the wedge. If this pattern eventually breaks to the upside, and holds above the support line shown around $2.53, we would see immense buying pressure to new highs in my opinion. I am not a financial advisor, and trade this at your own discretion. This is just an idea. Good luck!
XTZUSD: Scalp long at $2.04Planning to buy XTZ for a quick scalp trade slightly below red line, at $2.04-$2. As you can see it was rejected at resistance and now testing support, I'm hoping a wick down will fill my bids.
I'm targeting lower prices for my bids because BTC doesn't look great now (to return bullish bias it needs to back above $6900).
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
XTZ/USDT - Buy on dynamic support retest.Buy on dynamic support retest.
Level 1.86 is a reinforced concrete support.
smaller timeframes in bullish trend.
Trendy support is sloping and acts as a break point in the bulls' mood.
In the daily timeframe you can see that the desire to grow is more than falling:
XTZ / USD — Sideways after breakoutHey guys!
Look at XTZUSDT price action, few days ago it broke downtrend.
Now stucked in sideways after breakout, hoping this is re-accumulation before up move to 2.5 target.
You can watch my video explanation about it's move:
If you following somebody with good Risk/Reward and Win Ratio.
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Please don’t follow any analyst blindly on this website.
Always use stop loss to prevent yourself from losses.
Make sure you understand and afford the risk. Please.
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