Tezos (XTZ/USDT) is currently trading at a decision point. The chart shows a clear Descending Triangle pattern formed since late August, with price consolidating right above the major support zone at 0.64 – 0.74 USDT.
This structure is generally considered bearish, as consistent lower highs indicate selling pressure against a static demand zone. However, a confirmed breakout above the downtrend line could flip the pattern into a bullish reversal trigger.
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🔑 Key Levels
Current Price: 0.7234 USDT
Major Support Zone: 0.64 – 0.74 USDT
Dynamic Resistance (downtrend line): ~0.78 – 0.82 USDT
Bullish Targets: 0.9064 → 1.0715 → 1.2600 USDT
Bearish Targets: 0.4716 (previous low), with a potential measured move down to ~0.37 USDT
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🐂 Bullish Scenario (Reversal Potential)
Breakout above 0.78 – 0.82 with strong volume confirmation signals a bullish reversal.
First upside target at 0.9064, then 1.0715, and potentially 1.2600 if momentum continues.
Strategy: Buy on breakout or take aggressive entries near support with tight stops below 0.64.
Reward-to-Risk (R:R) ratio ≈ 2:1 if targeting 0.90.
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🐻 Bearish Scenario (Breakdown Risk)
Breakdown below 0.64 – 0.70 with strong volume would confirm the descending triangle as bearish.
Downside targets: 0.4716 (structural support) and potentially 0.37 USDT (measured move).
Strategy: Short/hedge after confirmed breakdown and failed retest.
Potential R:R > 2.4:1 toward 0.37.
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📌 Pattern Context
The Descending Triangle reflects market indecision: persistent sellers vs. defending buyers.
Such setups often end with a strong move, making this area a crucial inflection zone.
Volume will be the key confirmation factor — without it, false breakouts are highly likely.
XTZ is essentially in a “wait-and-see” equilibrium before its next decisive trend.
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⚖️ Conclusion
XTZ is standing at a major turning point:
Bullish case: breakout could lift price toward 0.90 – 1.07.
Bearish case: breakdown may trigger a drop to 0.47 – 0.37.
Traders should wait for a daily close + volume confirmation before committing. This is a high-opportunity setup once direction is confirmed.
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#XTZ #Tezos #XTZUSDT #Crypto #Altcoins #TechnicalAnalysis #PriceAction #ChartPatterns #SwingTrading
This structure is generally considered bearish, as consistent lower highs indicate selling pressure against a static demand zone. However, a confirmed breakout above the downtrend line could flip the pattern into a bullish reversal trigger.
---
🔑 Key Levels
Current Price: 0.7234 USDT
Major Support Zone: 0.64 – 0.74 USDT
Dynamic Resistance (downtrend line): ~0.78 – 0.82 USDT
Bullish Targets: 0.9064 → 1.0715 → 1.2600 USDT
Bearish Targets: 0.4716 (previous low), with a potential measured move down to ~0.37 USDT
---
🐂 Bullish Scenario (Reversal Potential)
Breakout above 0.78 – 0.82 with strong volume confirmation signals a bullish reversal.
First upside target at 0.9064, then 1.0715, and potentially 1.2600 if momentum continues.
Strategy: Buy on breakout or take aggressive entries near support with tight stops below 0.64.
Reward-to-Risk (R:R) ratio ≈ 2:1 if targeting 0.90.
---
🐻 Bearish Scenario (Breakdown Risk)
Breakdown below 0.64 – 0.70 with strong volume would confirm the descending triangle as bearish.
Downside targets: 0.4716 (structural support) and potentially 0.37 USDT (measured move).
Strategy: Short/hedge after confirmed breakdown and failed retest.
Potential R:R > 2.4:1 toward 0.37.
---
📌 Pattern Context
The Descending Triangle reflects market indecision: persistent sellers vs. defending buyers.
Such setups often end with a strong move, making this area a crucial inflection zone.
Volume will be the key confirmation factor — without it, false breakouts are highly likely.
XTZ is essentially in a “wait-and-see” equilibrium before its next decisive trend.
---
⚖️ Conclusion
XTZ is standing at a major turning point:
Bullish case: breakout could lift price toward 0.90 – 1.07.
Bearish case: breakdown may trigger a drop to 0.47 – 0.37.
Traders should wait for a daily close + volume confirmation before committing. This is a high-opportunity setup once direction is confirmed.
---
#XTZ #Tezos #XTZUSDT #Crypto #Altcoins #TechnicalAnalysis #PriceAction #ChartPatterns #SwingTrading
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✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.