XTZUSD has formed all major buy confirmations.It has been a while since I made an analysis on Tezos. In fact I haven't made one since February 15. However, as you see on the idea below, the main pattern hasn't changed:
That has been a Channel Up since the bottom of the 2018 Bear Cycle. As shown on the chart, the formation has clear Higher Lows (Channel bottoms) as well as Higher Highs (tops) which in some instances exceed the pattern marginally.
Right now Tezos has completed all major buy signals, namely the rebound on the 1D MA50 (blue trend-line), the CCI bottom bounce and the 1D MA50/ MA100 Bullish Cross. As you see every such Bullish Cross was relatively early on each of the previous three (3) rallies to a Higher High, so we may be still early in the uptrend this time also, despite the fact of being near the top of the Channel Up. In fact every Higher High is longer each time after the Bullish Cross takes place.
Drawing up the Fibonacci extensions since the 2018 bottom, the next target for XTZ is the 2.0 Fib extension. However I won't be surprised to see it break marginally to something like $12.00 - $13.00.
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Tezos
Short Term Play 1 - XTZBTC Dear traders,
Intro: My name is Hugo, I am 24 years old and trading crypto currencies since late 2017. English is not my main language, however, I will try to explain everything brief and clear. Be aware that I am still in the learning curve. Every idea I post is not financial advice and is only meant for entertainment purposes only.
Welcome to my new Short Term Play series.
XTZ/BTC clearly shows a path of accumulation (people buying the coin) and distribution (people selling the coin/distributing profits to other coins).
Every accumulation period has a fake-out before acceleration to the upside as depicted on the chart with white circles.
Target is in the chart.
Goodluck,
Doctor Hugo
Tezos (XTZ) - September 13Hello?
Welcome, traders.
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(XTZUSD 1W Chart)
If the price holds above the 173723670 point, it is expected that the uptrend will continue.
In particular, if the price is maintained above the 4.09144691 point, it is expected to create a new wave.
(1D chart)
It broke above the critical point of 5.67605181 and continues the upward trend.
It is necessary to hold the price above the 6.02334096-6.86318075 zone and see if it can lead to an upward movement above the 8.74937308 point.
If it falls in the section 4.419243-4.95476492, Stop Loss is required to preserve profit and loss.
However, it is possible to touch near the 3.34063 point and rise, so you need to think about how to react.
If you cannot find a way to respond, it is recommended to lower the Stop Loss ratio to preserve profit and loss.
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(XTZBTC 1W Chart)
If the price rises above the 6690 Satoshi-14931 Satoshi section, which is the bottom section, and maintains the price, it is expected to create a new wave.
However, it is expected to be possible only when it rises above the 17620 point, which is the point of the volume profile that has been formed.
(1D chart)
We need to see if we can get support from the 14931 Satoshi branch.
If the price is maintained above the 14931 Satoshi point, a movement is expected to cross the downtrend line as it rises to the 16860 Satoshi-17620 Satoshi section.
If it goes down, we should see if it finds support at the 12110 Satoshi point.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
XTZ/USD - Huge ascending channel, major resistance ahead!Tezos has formed for some time a major ascending channel which indicated a bullish trend (higher lows and higher highs, see yellow arrows).
The indicators on this weekly timeframe are also quite bullish with MACD, volume and RSI looking great.
For this reason, I can see XTZ re-testing our major resistance or the top of our ascending channel. This is at least a nice +40% gains left.
Once there, time to be careful and secure profits, you don't want to hold at those levels.
The major recovery from our flash crash last week is also a sign of strength (see that massive green wick of +40%). Not bad. Hence, I expect continuation of this price action until we hit resistance. Then it's time to re-assess.
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XTZ Continuing To Explode!!As i talked about on August 17th i was saying how XTZ is looking like its about to breakout against BTC and we nailed that perfectly! That TA was put out when Price action was still in the descending channel! And we are looking super bullish still with XTZ outperforming majority of the market right now, we wicked upto about the 1 FIB level which is our most recent high from around May, we are actually currently pushing above the 0.7 FIB and if we can hold above here for daily close we are looking golden! Check out the EMA ribbons, this is a huge deal, as you notice we had the red ribbons on top for quite some time pushing down on us and dragging us downwards, we have recently flipped that with the green ribbons on top showing the bullish momentum is growing drastically! This indicator isnt a fast mover and it takes a bit of time for the ribbons to fully flip and once we do if we continue like this we will want to see big spread and separation in the ribbons which shows massive amounts of bullish momentum and will bring us a great ways away from getting that bearish flip. Bollinger bands too look super bullish, we are on our first candle that is starting to grab onto the top band and you guys know what most of the time that means! Likely a huge climb up to come and i honestly think if we do see this big run up we are gonna slice through that 1 FIB level, due to bullish momentum getting bigger and stronger everyday! Now the MACD we just had a bullish cross and even though it isn't confirmed yet i would say there is a very good chance that we see a very bullish and healthy MACD cycle coming up here soon! But keep in mind that we need to see that blue MA start to take off from the orange one separating away and pointing upwards, and the further the MA's spread the lesser chance we have of a near term bearish cross! Aswell the histogram, we need to see increasing green bars each day with rising bullish momentum which personally i would say is very likely! Not financial advice just my opinion!
XTZ/USD: The last confirmation to buy Tezos!!!Tezos it's look so bullish in Daily timeframe. As I'm from $5.27 USD since past week. I believe that Tezos it's prepare to go to pump to $8 dollar soon
Now, I want to share the H4 period where I look that Tezos it's making a curve pattern to make a bullish movement like a styrocket. This it's so interesting how the market structure it's explain that Tezos it's preparing to climbing soon.
So, there's not much update, the only update it's that Tezos made the last confirmation to buy now in Daily timeframe as Tezos will explode soon.
I keep my SL at $4.80 USD, but very protected my long entry. I'm in profit in Tezos and also in Chainlink, my two trades for the moment.
🔥 XTZ Break Out After ConsolidationXTZ saw an incredible run up in August. Since hitting the area between $6 - $6.15, XTZ saw a bearish move and traded sideways for over a week.
With most of the crypto market going up, XTZ is one of the tokens which has been lagging the market. As of today, these lagging tokens are starting to see more bullish price action.
For now, the main target area is between $6 - $6.15, potentially higher if we're going to see strong bullish pressure over the coming days.
Happy trading!
XTZ Buy a break setup.XTZUSD - Intraday - We look to Buy a break of 5.781 (stop at 5.588)
Daily signals are bullish.
There is no indication that the rally is coming to an end.
A break of bespoke resistance at 5.750, and the move higher is already underway.
Our outlook is bullish.
Our profit targets will be 6.348 and 6.448
Resistance: 5.750 / 6.000 / 6.125
Support: 5.400 / 5.300 / 5.000
🔥 XTZ Long-Term Target UpdateAround a month ago I made a long-term analysis on the bullish channel in which XTZ was trading. $7.50 was my long-term target for this token.
www.fierytrading.com
With the huge bullish moves we've seen over the last few days, XTZ is on its way to reach the target a lot sooner than initially anticipated.
With BTC still being relatively bullish overall, I'm anticipating that the $7.50 target might already be hit in the coming week. Potentially, we might get a wick in the $8 - $9 region.
Happy trading!
XTZ.USDT (Y21.P5.E1).Macro outlookHi All,
XTZ has been really pumping of recent because of the projects its involved in.
I see it in a macro channel and its likely to break above it in the coming weeks\months.
Articles says 3 reasons.
Protocol upgrade reduces transaction costs > he most recent 'Granada' upgrade was implemented on Aug. 6.
Real-world adoption driven by 2 large banks
Attractive staking rewards reduce the circulating supply
All the best,
S.SAri
XTZUSDT (Tezos) : TP1 Reached ✅ 🚀+30% ✅ 🚀Last Analysis in 21.Aug.2021 : Let's buy Some #XTZUSDT (Tezos) , Shall We ?? Great Move Starts From Yesterday ... After The break we can add some more ...
In order to buy, the SL (stop loss) and capital management must be observed.
All resistances and TPs (take profits) are marked on the chart.
(DYOR)
Now : TP1 Reached ✅ 🚀+30% ✅ 🚀
Let's go for the Second Target ...
Tezos (XTZUSDT) Breaks Resistance With Force, Can Go Higher! 75%Just as we saw with Siacoin vs Tether (SCUSDT), the same is happening with Tezos (XTZUSDT) but here things are looking better.
We have the highest green volume on the daily timeframe since May.
Prices moved above all EMAs and today, finally, above the MA200 black line.
The really high volume and strong RSI support this move...
What this means is that additional growth is possible, but consolidation is also possible before the next move.
On this chart, I am giving you the support levels as well as the target for 75% but there can surely be more.
This is all shared for your own learning, entertainment and fun.
This is not financial advice.
Thanks a lot for your support.
Namaste.