XTZ / USDT Main trend (part). Channel.

3 Jun 2021

On the graph, we see a large wide channel with a step of more than 300%. The price is in its lower price zone.

It is also worth noting that a potential fractal may form. It is easily visible on the graph. More precisely, part of it, the other part has not yet been formed, the rise in price to the upper border of the channel implements its formation.

Notice how similar "reset 13" 2020 and "reset 19" 2021 are similar. It is short for that and short, that it is "short" in time and sick to inexperienced and insatiable market participants. For someone a pain, for you an opportunity.

The price rises for a long time, but quickly falls vertically. Always protect your profits and don't expect super targets, work with the trend. Compound%. Have restraint, curb your greed. If you are not sure, watch from the sidelines until you are confident in the more likely price movement from which you can benefit.

local work


Symmetrical local triangle with a base of 53%. Volatility has decreased to a minimum, the price is squeezed into the corner of the triangle and into the breakout zone of the local downtrend (red). All the logic and potential of the work is shown in the graph.

24 Jun 2021

Nota

The symmetrical triangle has been broken down. The price has reached the price zone -29% to the dynamic support of the channel (green ascending line). The squeeze has almost reached the $ 2 level zone (purple). The drop was down to $ 2.12.

At the moment, the price has returned back to the channel in its lower part. The price is in the breakout area of the downtrend line. Fixing the price above it and above 2.9 will give the potential to work in the channel. Failure to fix the price at the bottom of the channel and a breakout of the $ 2.1 zone will trigger a downtrend. At the moment, the price is in the "borderline" values.

12 Jul 2021

Nota

There is a breakdown of the downward secondary trendline + 16%. The price is squeezed in the previously designated area above the channel support. A very interesting pattern has formed. Local resistance level 3 $

24 Jul 2021

Nota

There was no breakout of the $ 3 level zone. The price has reached the zone of the support level of $ 2.1 (purple), a local descending channel has formed, the price is now at the line of its resistance. Also, this zone is the former zone of recruiting position before pumping in the spring #XTZ

21 Ogo 2021

Nota

+50% from a breakout of the local downtrend (red) or +30% from a breakout of the local resistance level of $3 (safe entry point). The main trend and the uptrend channel are shown. The timeframe is 1 week. Working in the channel.

26 Ogo 2021

Nota

+25% breakdown of the local cup. Rollback to the mirror support level, retest occurs. +109% from the trend reversal. Working with this retest, who works locally.

29 Ogo 2021

Nota

After the pullback to the level of 4,361 the upward movement (cup formation) continued. +40% since the last update. More than +130% from the trend reversal zone.

10 Sep 2021

Nota

+165% from the secondary trend reversal. Price has approached big cup resistance (May 2021 highs). The price is in a large ascending channel just above its middle part. I see a large volume of the buyer on the chart (perhaps the fake was not observed in the moment). Also worth noting that on the contrary, quite a large volume of these coins from a large wallet entered Binance yesterday.

16 Sep 2021

Nota

more than +200% from the original entry point + 80% from the work update on 08 26. The cup targets have been reached. The price is in the resistance zone of the formation. It's rational to fix part of the profit, somehow +200% or protect the profit with stops. There is a possibility that they may draw a "handle" to the cup, so there may be a pullback. Also, it should be noted that there is still potential for price movements in the main trend in the uptrend and quite large. Quite rarely the resistance of the cup is broken through on the first try.

24 Sep 2021

Nota

Currently, it is one of the coins that opposes the bearish trend in the market. After a local correction to the dynamic upward support, the price is again approaching resistance at the level of 7,180 (May maximum). Overcoming this resistance zone opens the potential for the whole ascending channel. A triangle may form before a breakout.

3 Okt 2021

Nota

price reached the resistance of the internal channel 103.44% of the breakout level 4.361 (cup resistance) or +240% of the level zone 2.9

20 Feb 2022

Nota

tradingview.com/x/mYVhMvuy/. Large timeframe 1 week. After pumping over +250% dump (secondary downtrend development). At the moment the price has dropped by -70% of the pumping. There is a fractal structure of accumulation (price retention).

But, it is worth noting that the price is now in an important area - the lower dynamic support zone of the uptrend (price retention, trend, "zone of doubt"). It depends on it or there will be a repetition of the fractal growth like former secondary trends (marked with figures) or there will be a breakdown of the main trend.

Pay attention that the volume of trades decreases during half a year ("belief killing", "depression after pumping"). About the entry point if you are not in position. It is rational to enter mostly at appearance of essential volume of the buyer at breakthrough of a descending line of a secondary trend (red) on a rollback (there are almost always entry points, analyze most of cryptocurrencies and trend reversal zones, you always "will have time to buy").
If the sideways trend continues, you can try to work in it with part of the allocated funds for the coin.
The third variant of work (if the main trend breaks) - is the work martingale (always the first entry point is symbolic), the levels showed on the chart. When working in shorts (if the trend breaks) be sure to put stops. It is possible to work in shorts (before knocking out stops, which you lower with the price) and simultaneously in potential trend reversal zones to gain longs (carefully, always the first entry point is symbolic).

Let me remind you again this is a 1 week timeframe. Build your trading strategy so that no matter where the price moved you were happy about it.

17 Mac 2022

Nota

Local trading situation now. The price is clamped, the volatility is decreasing. Breakup soon.

27 Mac 2022

Nota

+21% price at the resistance zone of the downtrend (red).

30 Mac 2022

Nota

10 Jun 2022

Nota

Downlink. secondary trend. Local rising wedge to channel resistance. Reversal zone.

10 Jun 2022

Nota

16 Jul 2022

Nota

Since the break of the rising wedge inside the descending channel, the price has reached the target zone of -44.18% (squeeze exactly at these values).