XTZUSDTTezos has the potential to show itself and go for the bullish profit almost all the coins did in the past days
all has been checked with advanced price action
Xtz
XTZ 12h Be careful with long and read to the endThe first thing I want to write is that XTZ is a very manipulative coin . And it seems it began to bother the manipulator.
Why XTZUSDT aroused your interest, we do not know, but you voted for it in the weekly digest , so we are analyzing it)
Within 3 months, the XTZUSDT price has been moving up in a clear channel , the limits of which are probably skillfully supported by trading robots.
Pay attention to how the XTZUSD value without volumes fell from August to November 2020, and for sure the patience of the "inveterate investor" XTZ came to an end.
Since November, he started pumping up the XTZUSDT trading pair with volumes. If we are not mistaken, the news background was and is without "exclusive and wow effects".
The first profit taking took place at the end of November 2020 and this can be seen in the volumes surge near the upper limit of the channel.
Further, at the end of December, in the trading algorithm, most likely, there was a failure and the bot that substituted the walls to keep the channel limits dropped out of the game.
We can see the result on the chart, the price fell down from the channel: it broke the stops and l iquidated more than one small deposit of traders who like to play with margin leverage.
This situation is most likely force majeure, and not a planned action, since the volumes on the flow are low. From the bottom, it was not a manipulator who was bought, but lucky ones with small deposits.
Then the trading bot was repaired and it returned the XTZUSDT price to the trading channel.
For one month, while increasing trading volumes, the XTZUSD price was growing. Someone bought, and someone skillfully sold an asset that was stale.
And so, on 23 January, 2021, we got a price spike and maximum trading volumes. Most likely it was the end of growth.
If you've read this far, then you've got a few numbers to ponder on trading)
The most positive scenario is the price growth to $3.20.
If by some miracle the price manages to fix above $3.20 , then by inertia it will still stretch to $3.60 , but not higher.
If we are right and the manipulator ended the XTZ sale by putting the cherry on the cake on 23.01.21, then the XTZUSDT price will face a strong fall.
First target from below is $2.45-2.50.
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
This is only an ideaI'm only looking at the trends and seeing a pattern. This pattern puts XTZ at 8.00$. In 2019 before xtz first mooned, there was a period of consolidation followed by a significant gradual increase. After the increase was a small dip right before it took off and increased 145%!
we are currently in the middle of the small dip right before the moon. This is definitely a crypto traders dream and should not be taken seriously. (but whose to stop you from putting in a few tendies just in case ;)
good luck
XTZ ready to move.. xtz looks ready to move up. Looking at 4.00 -> 4.50. Strength index is up. volume is increasing and XTZBTC pair is aligning with usd movements. In my experience this is when price can fluctuate in large amounts. The energy is above the moving average. As the red MA moves up it will push up price imo. We will see.
good luck
More Wedges XTZXTZ Idea
More wedges a continuation from my last post about DGB
Currently within a broadening wedge
This has promise to act bullish and push the price back into the rising wedge
Rising Wedges are often bearish, although lately I have seen some bullish ones
Falling wedges are more than often bullish, emphasized on chart
XTZUSDT (TEZOS) - POTENTIAL BREAKOUT ANALYSIS 🔎
- XTZUSDT is retesting the flip horizontal support and 0.618 fibonacci retracement level.
- Price action is printing a falling wedge pattern.
- This is a bullish reversal pattern.
- There's a breakout potential
BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance.
TARGETS 🎯
- Horizontal resistance levels (R1, R2).
SETUP INVALIDATION ❌
- Breakdown below the falling wedge's support.
Enjoy 🥂
XTZ 1H BUYAlso set some Buy orders near the Trendline
Remember no more than 5% of the deposit in one trade
SL: next sell signal
NMR wants to move upNMR is looking ready to move up. I've marked support and resistance markers along the way. Price has been trading sideways for a while but volume and RSI and MA are all bullish.
good luck.
XTZ 1H BUYAlso set some Buy orders near the Trendline
Remember no more than 5% of the deposit in one trade
SL: next sell signal
XTZBTCAlthough the gap between 1D MA200 is somewhat a lot, if it falls into a bigger bullish trend, it may reach even MA360 on the daily chart
XTZUSDT (TEZOS) - IMMINENT BREAKOUT ANALYSIS 🔎
- XTZUSDT is consolidating in a symmetrical triangle pattern .
- A relatively big move is imminent.
- There's a breakout potential.
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance.
- Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support.
TARGETS 🎯
- Uptrend ⬆️: Horizontal resistance levels (R1, R2).
- Downtrend ⬇️: Horizontal support levels (S1, S2)
