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Tezos

XTZ Rebound Coming Soon!?doing a little update on XTZUSD on a 4H timeframe, since out last TA we were trading inside of the red pennant, we had a false breakout and a once again a drop that is keeping us in this sideways structure. Shown by the green horizontal lines we have been getting rejected and have bounced many times in this zone, going all the way back to the beginning of september we have been stuck in this sideways channel, the positive thing is that we are respecting it very well on the support side not slipping through the bottom, we are currently sitting near the bottom of the zone just having a bounce off of it and starting to move to the upside. Looking at our pivot points, price action just bounced off the S1 support level and our next target is definitely the blue pivot point, this level if broken above and held can trigger a reversal and pivot to the upside, we also have another pivot point we are looking at above the blue zone and capturing this level should definitely give XTZ that bullish boost we need to really start moving up. I also have a breakout zone drawn out that is going to be important to capture, it lines up with the secondary pivot point and is a decent ways above the green sideways channel we are currently stuck in, breaking above here and holding the box i have drawn out will give us big bullish momentum and is what we need to do to really get that upside boost, i should also point out that getting ahold of this area effectively breaks the current sideways structure and should lead to a breakout! Now looking at our wavetrend we are looking good here we had a bit of a double bottom in the buy zone and have since started to reverse to the upside, keep in mind this indicator is slow moving and doesn't usually make jagged or sharp moves, we usually see a smooth transition between bearish and bullish waves, i am expecting this to be the start of another bullish wave that could bring us well above that midline, we havent seen a really strong bullish wave since earlier this month and i am looking for something similar here coming soon!
COINBASE:XTZUSDLong
by JacobR905
TEZOS Daily TA : 01.04.22 : $XTZ🟡 Results so far (HH) : +13% 🔥In less than a day ... All supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ... Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 04.Jan.22 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
1
Looking bullish Q1 22Moving averages are among the most popular Tezos price prediction tools. As the name suggests, a moving average provides the average closing price for XTZ over a selected time period. For example, a 12-day simple moving average for XTZ is a sum of XTZ’s closing prices over the last 12 days which is then divided by 12. In addition to the simple moving average (SMA), traders also use the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action. 50-day, 100-day and 200-day moving averages are among the most commonly used indicators to identify important resistance and support levels. If the XTZ price moves above any of these averages, it is generally seen as a bullish sign for Tezos. Conversely, a drop below an important moving average is usually a sign of weakness in the XTZ market. Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the XTZ price. Tezos is most positively correlated with ChainLink (LINK), PancakeSwap (CAKE), VeChain (VET), Cardano (ADA) and Chiliz (CHZ). Positive correlation means that these coins commonly trend in the same direction at the same time. Tezos is most negatively correlated with UNUS SED LEO (LEO), XinFin Network (XDC), Celsius Network (CEL), IOTA (MIOTA) and xSUSHI (XSUSHI), which means that the Tezos price typically moves in the opposite direction compared to these coins. According to our current Tezos price prediction, the value of Tezos will rise by 28.80% and reach $ 5.72 by January 5, 2022. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing Fear. Tezos recorded 15/30 (50%) green days with 8.66% price volatility over the last 30 days. Based on our Tezos forecast, it's now a bad time to buy Tezos. Disclaimer: This is not investment advice. The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
by Eth_stacker
2
Tezos Ready for a BIG run!!Looking at our XTZ daily chart, we have broken out of the longer descending channel and looks like we are ready to make our next leg up! as far as support goes we have quite the cushion below us, we have strong support at our current position at 4.4$, support at 3.9$, uptrend support coming from the last bottom in the descending channel, and finally the top of the descending channel now acts as support. Looking at our bollinger bands we also have the midline as support as of right now, we need to stay above here for our daily close tonight, a break and close below will flip our midline to resistance. Another nice sign we are getting from the bb's is we notice they are beginning to squeeze down on price action, now this means volatility is shrinking and historically this leads to very explosive moves, now keep in mind we don't get a confirmed direction of that explosive move, thats why we use different indicators to try and pin point the upcoming direction. One last thing on the bollinger bands, if we can hold the midline going into tonight the door is open for us to make a push to that top band, if we can close ontop most likely we will spark that big upside move! Now the squeeze momentum indicator, we are coming out of another bearish squeeze, our red bars have retreated back to the midline and its looking like we could start a new bull squeeze coming up shortly, what we want to see is a strong open with a green bar and day after day seeing an increased green bar, this would confirm a bullish squeeze and the option for that explosive squeeze release is on the table! Think we are in the midst of a massive upside run coming soon, based off our recent price action and 3 strong bearish squeezes we have previously seen we should be loading up for quite the upside move! Not financial advice just my opinion!
COINBASE:XTZUSDLong
by JacobR905
XTZ Will FLY AGAIN!Hey guys, this is Julie 😉 Let's talk about XTZ today, because it is at a very important and decisive point: As we see on the daily chart, XTZ is now above the 21 EMA, and this region coincides with a resistance level (green line). Additionally, we have the 61.8% Fibonacci Retracement very close to today's high. So, as you can imagine, XTZ will need a lot of strength to go above this region. Honestly, I think it will make it, because it is doing higher highs/lows for the first time since October, and to me, this indicates that the bears are actually getting weaker, and Tezos will finally reverse this downtrend. So my thoughts on Tezos today are: Once it closes above the green line resistance, it may find some resistance at the Fibonacci Retracement, if XTZ is able to close above it, I really believe it will fly again. Let's see what happens next. And that's it! Thanks for reading my analysis! Please, support me with your like and subscription! 😍 Bye bye, have a nice day. 😉
BINANCE:XTZUSD
by Juliehodler
XTZUSD Bottom priced or close. Buy opportunity to $15.00.Tezos has been one of the most consistent coins since the December 2018 market bottom, as it has been trading within a structured Channel Up with very clear dynamic bottom and top levels. As the chart (1D time-frame) shows, every Higher Lows of the Channel has been either at or slightly below the 0.618 Fibonacci retracement from the previous Higher High. At the same time, the CCI indicator on the 1W time-frame, shows that every time it breaks below the -100.00 level, XTZUSD bottoms out. A Bullish Cross by the 1D MA50 and 1D MA100 follows to confirm the start of the rally. Currently the price bounced off the 0.618 Fibonacci retracement level earlier this month but the 1W CCI is at -80.45 so far. This is low enough for long-term traders who don't wish to wait for -100 and miss out on a potential sudden rally. The target within this Channel Up has always been the -0.382 Fibonacci extension, so ours is set slightly lower at $15.00. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
COINBASE:XTZUSDLong
by TradingShot
5