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Tezos

Tezos (XTZ) - February 1Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- We need to see if we can get support at 2.8221 and move above the uptrend line (1). If it falls from the 2.7595 point, a short stop loss is required. If it falls at the 2.4821 point, a Stop Loss is required to preserve profit and loss. However, you need to trade carefully as you can touch the downtrend line (3) and go up. We have to see if we can ascend above the critical point of 3.3269. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. 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 do not trade 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
by readCrypto
2
XTZUSDT (TEZOS) - IMMINENT BREAKOUT ANALYSIS 🔎 - XTZUSDT is consolidating in a symmetrical triangle pattern . - A relatively big move is imminent. - There's a breakout potential. POSSIBLE PRICE ACTIONS - Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance. - Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support. TARGETS 🎯 - Uptrend ⬆️: Horizontal resistance levels (R1, R2). - Downtrend ⬇️: Horizontal support levels (S1, S2)
by Chibuike_Odoh
6
💡Don't miss the great buy opportunity in XTZBTCTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.0000855). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . Tezos/Bitcoinis in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 46. Take Profits: TP1= @ 0.0000975 TP2= @ 0.0001040 TP3= @ 0.0001110 TP4= @ 0.0001200 TP5= @ 0.0001335 TP6= @ 0.0001530 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
5
XTZ correlation with LINK - still alive & beats buy-&hold nicelyPlenty of traders buy XTZ whenever LINK makes a big move in the hope that the same will hapen with Tezos. There has been a lot of discussion if this practice is a waste of time or has an acctual edge. I will share here an idea that is being developed for the past 3 months. The sample size is still low at 20 trades, 30 would be optimal, so this is in progress. WILL POST ALL POSITIONS BELOW The strategy: Toyed with plenty of indicators, support and resistances that affect LINK. However using them on a different asset produced quite some noise because of the lag that was acctualy needed in this correlation strategy. So in the end the winners were simple increases/decreases in the price and volume at which LINK was trading. Used many different increases/decreases tresholds to time positions. Small price increases like "up by 2% in the last day" were not productive. Secondly the need for a confirmation indicator to close positions became apparent as we were holding winning positions too shortly. A simple SMA, albait at length 60 SMA did the trick. The rules: Painfully simple rules is the way to go. This is all done on the 1H timeframe, although we look at the previous day price/volume movements too. So in our case we will: Open an XTZ position when: LINK/USDT price is up by 5% in last day Close the XTZ position when: LINK Total Volume is down by 4% in last day AND Price is below SMA (60) No Stop Loss or Take Profit Do not open a psoition if both the open and close rule are true at the same time (price is up, but volume is tanking) The results: In the last 3 months the strategy brought in +66% on spot. If you were just holding XTZ you'd have +39.5%, so a significant imrovement with a lot of potential on futures. We saw 20 trades in the 3 months, loosing 11 and winning 9. The wins are more sizable with the gains, so maintaining this rate would be ideal. Most positions are held for 2-3 days. The max drawdown in the entire period was 7.75% which is excellent. The optimization: It might be worth looking for a third close indicator as it still does not capture the peaks to perfection. In case anyone has an idea, please post it. The positions: 21/01/2021 00:00 25/01/2021 00:00 4 days OP 2.9099 CP 3.0431 +4.58% 18/01/2021 06:00 19/01/2021 19:00 2 days OP 2.9157 CP 2.9351 +0.665% 17/01/2021 19:00 18/01/2021 05:00 10 hours OP 2.8984 CP 2.8806 -0.614% 13/01/2021 14:00 17/01/2021 08:00 4 days OP 2.4038 CP 2.7634 +15% 12/01/2021 07:00 13/01/2021 00:00 17 hours OP 2.3687 CP 2.2979 -2.99% 09/01/2021 16:00 10/01/2021 19:00 1 day OP 2.6017 CP 2.547 -2.1% 09/01/2021 04:00 09/01/2021 05:00 1 hour OP 2.5415 CP 2.5249 -0.653% 03/01/2021 01:00 08/01/2021 01:00 5 days OP 1.9975 CP 2.4438 +22.3% 01/01/2021 13:00 02/01/2021 00:00 OP 2.0743 CP 2.0081 -3.19% 24/12/2020 23:00 31/12/2020 00:00 6 days OP 2.0752 CP 1.9896 -4.12% 16/12/2020 17:00 19/12/2020 00:00 2 days OP 2.3128 CP 2.3253 +0.54% 12/12/2020 12:00 16/12/2020 01:00 4 days OP 2.1392 CP 2.2155 +3.57% 09/12/2020 23:00 11/12/2020 00:00 1 day OP 2.1786 CP 2.1059 -3.34% 03/12/2020 04:00 03/12/2020 06:00 2 hours OP 2.4209 CP 2.38 -1.69% 27/11/2020 17:00 03/12/2020 00:00 5 days OP 2.2312 CP 2.3885 +7.05% 20/11/2020 09:00 26/11/2020 00:00 6 days OP 2.1004 CP 2.5969 +23.6% 16/11/2020 18:00 20/11/2020 00:00 3 days OP 2.0879 CP 2.0773 -0.508% 10/11/2020 10:00 12/11/2020 00:00 2 days OP 2.1627 CP 2.1244 -1.77% 05/11/2020 15:00 09/11/2020 03:00 4 days OP 1.9195 CP 2.0808 +8.4% 27/10/2020 17:00 29/10/2020 00:00 1 day OP 2.1036 CP 2.0003 -4.91% Happy to answer any questions!
by CleoFinance
Tezos (XTZ) - January 26Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- It remains to be seen if it is supported at 2.8221 and the uptrend line (1) and can move above 3.3269 If it falls at the 2.4821 point, a Stop Loss is required to preserve profit and loss. However, it is necessary to trade carefully as it can gain support and rise at the 2.2080 point. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to know that the indicator moves accordingly with the movement of price and volume. Just for convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. 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 do not trade 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
by readCrypto
2