🔥 XTZ Bear-Flag Nearly Breaking Out: Short OpportunityEver since capitulating late June, XTZ has been trading inside a bear-flag pattern. In the previous bear-flag XTZ fell around 50%, interested to see where this break out will take us.
Target placed at the capitulation low. Wait for a confirmed break out before initiating a trade.
XTZUSDT.P trade ideas
XtzUsdt-short🚨 Scalpe
#XtzUsdt
Short(5X-20X)
EN
1.72
SL
1.8
TP
1.657
1.637
1.620
1.611
In scalp signals, pay attention to the following points:
1. Only the final profit is left, and you can exit depending on your greed (our suggestion is to withdraw two-thirds of the position at +20% profit, and keep the rest for the final target, observing the entry point loss limit)
2. The overall result should always be positive and that's it
3. We act based on our own trading strategy
4. The final review and responsibility of transactions is with you. We only guide
5. Trading leverage between 5-20 depending on your greed and greed, but our suggestion is to enter only 5% of your Volt futures in each position (that is, 5 dollars for every 100 dollars)
Use fixed leverage in futures trading to have a fixed R/R amount (our suggestion for each position: 5% volt futures with 10 leverage)
XTZUSDT Attemtping to break the 1D MA50*** ***
For this particular analysis on TEZOS we are using the XTZUSDT symbol on the Phemex exchange.
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The idea is on the 1D time-frame where Tezos is shown trading within a Channel Down on the log scale. It has been trading below the 1D MA50 (blue trend-line) since April 07 with only one very short exception (June 09/10). The Lower Low of June 18 initiated a rebound that has now yet again made contact with the 1D MA50. On a side note, that was our (achieved) target on our last Tezos trade in May:
We've seen that even a break doesn't constitute a bullish signal. Also the bullish divergence on the 1D RSI (Higher Lows) has failed in the past. We may see a 1D MA100 (green trend-line) test if the MA50 breaks but still, the best buy (on the long-term) can be made if the price breaks above the 1D MA200 (orange trend-line).
See how the Fibonacci levels have acted as Support/ Resistance levels since the October 2021 High. A 1D MA50 rejection targets the -0.236 extension (0.9368) while on the other hand a 1D MA200 break, sets in motion the filling of the retracement levels.
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Second buy signal on TezosWe have a new buy signal on Tezos coming in around $1.54 the previous one at the end of May was at the $2 price range. If you took the same position size on both signals the average would be somewhere in the middle around $1.75. Price is currently up around 10% from the signal. Risk here is Neutral and we are still in a bear market so manage position sizing accordingly.
XTZ - I see weakness - I strike!Reasons to take short:
⭐️ BTC bearish
⭐️ Trendline is 10 days long
⭐️ Trendline is clean
⭐️ Pulbacks are getting weaker
⭐️ There has been false breakdown
⭐️ 5th touch
⭐️ 50 ATR
⭐️ Under VWAP
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
XTZUSDT | BULLISH PARALLEL CHANNELXTZUSDT has been trading in bullish parallel channel . Recently price has approached to the bottom of the channel and bounced back. The overall trend is bullish .
We are expecting the upper boundary of the channel to be targeted by bulls. The break above upper boundary will favor bulls. While any rejection from upper boundary will give strength to bears and price may fall to horizontal support zone .
XTZUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for XTZUSDT
In this chart, we have R2 as our resistance line and the disability of the price to rise is seen. R1 used to be a support line and even S1 and S2 are our other support lines that express the support of the price at some points. At the present, the price is fluctuating in R1 area and we believe it will fall toward the bottom of this area and then it will experience a rise to R2. The lowest amount of R1 is the point that we can consider our long position. If the price fixes over R1, then we predict more rise for it to R2. Even it is possible for the price to face more decline when it reaches S1 and it can move below it (which is not so probable at this time).
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
XTZUSDT is testing the 0.618 Fib level1D Timeframe: Correction
After an bearish impulse, the price is testing the 0.618 Fib level on 1D timeframe after a bouch from
The price is testing the 0.618 Fibonacci level on the 1D timeframe after a bouch from weekly's support
4HTimeframe: Impulse
The price is testing the 0.618 Fib level on 4H timeframe after a bounce from the local support (4h support at $1.35)
The trading plan :
If the price is going to breakout the descending trendline on 1D timeframe, and retest it as a new support, we will consider to set a nice order.
XTZUSDT needs to recover the monthly supportthe price lost the ascending channel after the market got liquidity for a bearish impulse from the 2.2$ level.
Now the price is testing the 1.4$ below the monthly structure.
How to approach it?
The price needs to flip the monthly resistance into new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
Tezos 6.27.22Looking for a move back up for the king tezos. Beautiful bottom structure, respecting the charts and tools perfectly. I like the way that tezos charts out with bitcoin. It makes things easier to read much like the Ethereum chart was easier to interpret than bitcoin. Wants to test some old support and attempt to flip it back into support
$XTZ/USDT - Long - Potential 42.72%$XTZ/USDT - Long - Potential 42.72%
Exchanges: Binance, Bittrex, Huobi.pro, KuCoin
Signal Type: Regular (Long)
Entry Targets:
1) 1.39677 - 100.0%
Take-Profit Targets:
1) 1.462 - 50%
2) 1.541 - 30%
3) 1.995 - 20%
Stop Targets:
1) 1.176 - 100.0%
Entry Trigger - Binance supported network upgrade
Trailing Configuration:
Entry: Percentage (0.0%)
Stop: Breakeven -
Trigger: Target (1)
⚡️ #XTZ/USDT - Potential 600% ⚡️⚡️ #XTZ/USDT - Potential 600% ⚡️
Entry Conditions:
- Bullish divergence on long term support
- Binance Supporting Upgrade
- Deeply Oversold and nearing the bottom
- Optional to wait until breakout of long term trendline
Entry: 0.973 - 1.4
TP1: 2.25
TP2: 3.97
TP3: 5.3
YOLO: 7.1
SL: 0.74 or HOLD
#Tezos Resistance at $1.54, XTZ Prices in a Bear Flag FormationPast Performance of Tezos
Tezos prices are trailing the USDT after a relief rally. At spot rates, the coin remains within a bear breakout formation, sliding six percent in the last trading week. In the immediate term, the primary support and resistance levels lie at $1.22 and $1.54, respectively.
#Tezos Technical Analysis
From the daily chart, sellers are in a commanding position. XTZ prices are tracking lower in a descending channel within a bear flag. With sellers unwinding gains, traders can wait to trade the breakout in either direction. Preferably, the surge in either direction can be with rising trading volumes. A close below $1.22 will nullify the bullish outlook, confirming sellers of June 13. In that case, XTZ may slide to $1.20 and even $1.10 in the medium term. Conversely, gains above $1.54 may see Tezos bulls drive prices towards May 2022 lows at $1.64.
What to Expect from #XTZ?
Buyers are confident, but bulls are struggling to tame the wave of recent liquidation. While recent gains may slow the sell-off, a break above $1.54 is required to restore traders’ confidence.
Resistance level to watch out for: $1.54
Support level to watch out for: $1.22
Disclaimer: Opinions expressed are not investment advice. Do your research.