Tezos XTZ - 6h. Buyers Ready to Storm $7.25-7.7The beginning of the week on the cryptocurrency market turned out to be not entirely pleasant. Tezos is no exception. During Monday, the price of XTZ fell 16% . For comparison, the price of BTC fell by almost 10%, the price of ETH - by almost 12%. If we compare XTZUSDT to the most powerful coins in the crypto market in terms of dominance, buyers kept the price quite powerfully. Our previous idea worked halfway through. Buyers failed to hit the mark of $10 without a deep correction:
Looking at the nature of the fall in the price of XTZ and its stop, we slightly adjusted the liquid price zones. Thus, the chart shows that:
- major buyer support is in the range of $5.5-5.85.
- Problems with the continued growth of the XTZ price begin to arise in the range of $7.25-7.7.
If you look at the 6 hour timeframe , you will notice that buyers failed to take control of this range for the fourth time:
By the way, the fall on May 10 was quite natural. Please note that the correction in the XTZ market started earlier - on May 7. It was after the sellers dropped the price below $7.25-7.7 that we saw a new impulse for the fall.
However, the price of XTZUSD continues to move in the local black growth channel . In addition, yesterday's close of the daily candle is encouraging to think that the fight for the range of $7.25-7.7 is not over. The main signal for the continued growth of the Tezos price to $10 will be the retention of the local level of $6.66. In our opinion, from this mark, buyers will begin an assault on the critical range.
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We do not consider the alternative scenario until the price of XTZ is above the range of $ 5.5-5.85.
XTZUSDT
A GIFT VIP SIGNAL TRADE 💸💎BREAK OUT CONFIRMED !!!
take a part safely✌
⚠️ future tarde ⚠️ (x5)
✅ Buy: 7 - 7.35 ✅
🎯TARGETS:
1- $ 7.66
2- $ 8.50
3- $ 9.25
4- $ 9.92
5- $ 10.5
💵 Trade Size: 5-7% of Portfolio
🚫Invalidation(SL): daily candle close below $ 6.41
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Tezos is going to the moonBINANCE:XTZUSDT
KRAKEN:XTZUSD
BITTREX:XTZBTC
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Tezos has been consolidating for a long time. It has completed the first 7 steps of a typical Jesse Livemore's pattern. There will be a huge leg up.
Fundamentally, the ecosystem of Tezos is enriching. Tezos NFT marketplace hicetnunc.xyz is drawing a lot of attention. Soon there will be a third DEX on Tezos -- the TezosSwap (previously we have Dexter and Quipuswap). It's said yield farming will be listed on TezosSwap. Let's see if Tezos will follow the path of Solano and BSC system.
As a major player in smart contract public chain, Tezos market cap is caught up by a lot of new comers. But it belongs to the Top 10 coins.
Top target is 100x from its very bottom. So I'm expecting 50 usdt or more at the peak of bull market.
XTZ/USDT is pretty much like DOT/USDT
XTZ/USDT has formed a reversed head and shoulder as well. the situation is pretty much like DOT/USDT ! the pullback has been done and the price is ready to ascend into higher values!
XTZ/USDT is pretty much like DOT/USDT:
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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 .
Have a nice day and Good luck
Xtzusdt Breakout expected for ath 🎊Hi welcome to my new idea on xtz. Xtz is in uptrend channel and recently it recovered this trend and also it has broken the downtrend channel it formed . Now as it is moving in uptrend it has a big resistance once it clears that good entry for long is best and will see ath after that.
Waiting for breakout!!!!
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XTZ $10 is comingXTZ breakout the $5.5 resistance and now retesting it. There is also a double bottom pattern on 1-hour chart. There is a lot of accumulation happened in XTZ and a rally is pending. Grayscale is buying XTZ and we see a huge rally in XTZ.
Buy Zone: $5.35 - $5-55
Target: $6.1 - $6.75 - $7.3 - $7.95 - $8.8 - $9.75 - $10.6 - $11.5 - $12.8
TEZOS (XTZ) - 6h. Buyers have started a new test attempt of $10If we look at the situation on the XTZUSDT market globally, we see how difficult it is for buyers to take control of the global range of $3.9-4.5:
The first attempt by buyers to gain a foothold above this range was back in February 2020. After the tragic events of March 13, 2020 across the entire crypto market, buyers rallied themselves. And on August 20, we again saw the test of this range. However, even large trading volumes did not allow the price of Tezos (XTZ) to gain a foothold above this liquid zone.
The current attempt by buyers to take control of $3.9-4.5 looks successful. Although buyers were unable to hold onto their initiative on February 21, the main trend line that buyers have held from January 2021 is holding firmly.
At the moment, after updating the historical high, buyers managed to keep the range of $3.9-4.5 and declare their readiness to continue the upward trend.
If you look at the local situation , the first liquidity zone on the way to the renewal of the high is in the range of $5.5-5.6. After fixing above it, you can buy XTZ with lower risks than now. It will be possible to buy this coin after breaking through the range of $6.1-6.3 . Considering the fact that the price of XTZ did not fall outside the black growth channel, the probability of growth above $10 remains high.
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