XTZUSD - Upward Move ExpectationXTZ has formed a nice inverted H&S structure however the right shoulder is yet to form. The right shoulder is a bullish act.
I have shown this bullish move with the white bars pattern
Inverted H&S is a reversal pattern and is good for the bulls.
Daily timeframe
Tezos
XTZBTC - Ranging in Channel, Moving UpwardTEZOS has been trending top to bottom in this descending channel for a while now, and we've recently tested been rejected by the lower edge once again, back to the top edge we go!
We've got a Buy signal from CTv2 to help confirm the upward move and should be able to lock in a good 15-20% on this one.
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✴️ Tezos Perfect Prediction | What Comes Next?Here is the chart for Tezos (XTZUSDT) from December 10, 2022, going perfectly as predicted...
Not trying to brag or show off, just sharing this to say, if we can predict the bottom, we can also predict the next wave up.
Brace yourself... Cryptocurrency is about to turn wild, crazy, amazing, profitable and extremely fun.
Namaste.
Mt.BFX | Tezos XTZ Structure Map | $900The analysis includes multiple methods of technical analysis to produce a map.
The labels for the chart and what the chart says are on the chart itself, more information about how to create a chart like this will come with updates to this idea.
A quick rundown of what I do use are:
Trend Line to extend from two lowest structure closes.
Horizontal Ray tool to mark off structure highs and lows on the Monthly Timeframe.
Box tool to mark off Monthly and Weekly gaps in price action.
Fibonacci tool using Powers of Two or Binary numbers to plot growth lines originating from two of the lowest close values. This cancels the logarithm out when using a logarithmic chart.
What do the boxes mean?
Red Box - Monthly TF Gap Down
White Box - Monthly TF Gap Up
Orange Box - Weekly TF Gap Down
Blue Box - Weekly TF Gap Up
I predict the price to move away from $8 and break into triple digits over the long term. The price targets are as follows:
$7.30
$14.60
$28.80
$57
$114
$227
$456
$900
With a price at $900 per coin, the Tezos platform would be valued at $798,181,180,200 for the total supply, not that in circulation as of 26th August 2021.
$227 is a conservative estimate valuing the platform at $201 billion.
This is not financial advice.
Tezos XTZUSDT price is at a critical point, where to go next?Here is the whole trading history of the once quite popular pair XTZUSDT
The XTZ price grew skillfully during 2019-2021 from $0.35 to $9
And then a stable downward trend, which has been going on for more than a year
Now the XTZUSD price is at a critical point.
If buyers can gain a foothold above $0.75 , there will be a good chance of working out the blue scenario. In the medium term, it is the growth to the liquidity zone of $1.20-1.80
If sellers do not meet resistance from Tezos buyers, and the XTZUSDT price is confidently fixed below $0.75, then the next purchase zone is not earlier than $0.46-0.56
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✳️ Tezos vs Bitcoin Hit Bottom | 45% To 135% Bounce PossibleIf you've been following, you know that altcoins printed a major low/support in May/June/July 2022... This low is being mostly followed by a higher low in Nov./Dec. 2022... This is not the case for Tezos (XTZBTC).
Tezos hit a low in May 2022, before many other altcoins/pairs, and after a long consolidation phase it broke down and went lower, hitting a lower low which make this chart setup much better for those who trade.
A higher low is good, it is a great bullish signal.
A lower low in this type of scenario, at this point in the cryptocurrency market cycle is even better, because all the weak hands have been removed, the sellers are fully exhausted...
So, while the pair that hit higher lows will move ahead, the pairs that hit lower lows like Tezos can actually grow for longer because of less weak hands.
The lower low resulted in a "V" pattern which is a strong recovery signal.
The RSI went oversold but is now leaning toward strong.
Remember, a strong RSI at low levels is a heavy signal, it means that prices growing next are more likely than not.
The targets are marked green, this is true across all charts to make it easier for you.
The support levels are marked blue, always, across all charts as well.
We have 45% easy target to start, followed by a peak of 135%... There can be more but we go step by step.
Namaste.
#Tezos drops 63% in 6 Months, XTZ Bearish Below $0.83Past Performance of Tezos
In the second half of 2022, Tezos lost 63 percent, further heaping pressure on buyers. At spot rates, XTZ is not yet out of the woods, just not yet. Looking at the performance in the daily chart, prices are bouncing from the middle BB, a dynamic resistance line. This development is generally bearish. As it is, buyers must clear $0.83, surging above the liquidation line with expanding trading volumes.
#Tezos Technical Analysis
Sellers are in a commanding position. Based on the events in the daily chart, every bounce higher could be a dead-cat bounce, a bull trap. Therefore, in light of these events, traders can unload XTZ on every high below the middle BB and $0.83 on the higher end. The immediate target will be at $0.70, the December 2022 low. This trend will only change once buyers drive prices above the 20-day moving average and reverse the losses of December 19. As prices pump, there should be a marked expansion in participation levels to mark interest from stakeholders.
What to Expect from #XTZ?
Traders are cautious about loading on dips since the primary trend is bearish. Although XTZ is up roughly seven percent from December lows, there needs to be more work. Traders can look to unload in the short term, expecting more dumps.
Resistance level to watch out for: $0.83
Support level to watch out for: $0.70
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Tezos Drops to Multi-Year Support Line, resistance $0.911Past Performance of Tezos
It has been a tough year for Tezos, considering how price action has been panning out. As an illustration, XTZ prices are down 91 percent from peaks and presently trading at the October 2019 support. Any loss from the spot rate could see the coin tumble to register multi-year lows, cementing bears' grip on the current trend.
#Tezos Technical Analysis
XTZ bears are squarely in control from a top-down analysis. Even though there are flashes of strength, the coin is tethering close to registering new multi-year lows. Oscillating at October 2019 support at $0.76, Tezos bears are in control. However, in the weekly chart, there are hints of rejection of lower prices. The result is a long lower wick, pointing to strength. In the daily chart, there is a bullish bar following the gains of December 20. Still, buyers are yet to reverse the losses of December 19. XTZ is within a bear breakout formation, with December 16 and 19 defining the current trajectory. Aggressive traders can unload on every attempt higher as long as prices are below $0.911. The immediate target lies at $0.75. This preview will be null if XTZ rallies above $0.911 and, ideally, $1.04.
What to Expect from #XTZ?
Tezos bear bars band along the lower BB, indicating strong selling pressure. With sellers in charge from a volume analysis perspective, traders can liquidate as long as prices are inside the December 16 and 19 bear bars.
Resistance level to watch out for: $0.911
Support level to watch out for: $0.75
Disclaimer: Opinions expressed are not investment advice. Do your research.
Tezos Correction -90% From ATH | Will Grow For 2+ Years After...Tezos (XTZUSDT) has done a massive -90% correction from its All-Time-High and so far hit its November 2019 low levels.
Just a bit lower and XTZ will be trading at All-Time-Lows...
You know what we love to say; Once we hit bottom, the only place left to go is up.
One final drop and the bear market is over for this pair.
It can go lower to a total of -91 to -93%.
After this last move, painful I know, we are very likely to see higher highs and higher lows for years to come.
Over two years of bullish action... All through 2025 and beyond.
Stay strong, the best is yet to come.
Namaste.
XTZ - Potential Inverse Head&Shoulders!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
XTZ is sitting around a strong support zone and round number 1.0 so we will be looking for buy setups.
XTZ is forming an inverse head and shoulders pattern but it is not ready to go yet.
For the bulls to take over, we need a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, XTZ would be overall bearish and can still trade lower.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
#Tezos down 33% in 3 weeks, XTZ under PressurePast Performance of Tezos
Tezos remains under immense sell pressure, looking at how price action is on the daily chart. Despite the broad market recovery, XTZ is edging lower with support at around $0.90. There are lower lows relative to the lower BB, but sellers remain dominant.
#Tezos Technical Analysis
As an illustration, XTZ is down 33 percent from November peaks and 52 percent lower from Q3 2022 high. Accordingly, sellers are in a commanding position. Therefore, for Tezos bulls to shake off adamant sellers, there must be a decisive close above $1.05 in the short term and $1.20, reversing November 9 losses in the medium term. As long as XTZ prices are below $1.05, sellers can unload on dips, targeting $0.90 and $0.80—or September 2019 range.
What to Expect of #XTZ?
Down roughly 90 percent from the 2021 high, Tezos sellers have unwound all gains of 2021 and 2020. Prices are now at 2019 ranges with a bleak outlook considering the relentless wave of lower lows.
Resistance level to watch out for: $1.05
Support level to watch out for: $0.90
Disclaimer: Opinions expressed are not investment advice. Do your research.
An update/followup on the tezos inverse head & shoulder pattern Much like the algo chart, tezos has formed an inverse head in shoulders inside a slightly bigger inverse head and shoulders and now has 2 necklines which means 2 breakout targets. Still developing for now but it appears the it is confirming the first pink neckline as support here. *not financial advice*
XTZ - 2x OpportunityReposting this since the last chart was removed for some kind of infraction.
Since we reached the level at which I said it's a good idea to accumulate, I thought I'd provide an update with a prediction of where the price can go next. Keep in mind that if you bought here, the best time to sell is end of 2025, but if you want an earlier mid-term target then I think I have a trigger and a set-up for you.
If the price retraces all of the FTX dump and closes above $1.4, then I can see it squeeze up to the area highlighted in red in the chart ($2.8 - $3.2). That means one can buy at 1.4 and 2x within a few months. As I'm sure you all now know, that's pretty much as good as it gets during a bear market. It may even be asking a lot. Keep in mind that if that level is lost, if the price closes below, then this prediction is invalidated. What I mean is that my prediction holds only if we get to and stay above $1.4.
This doesn't just go for XTZ. It's like this for all other altcoins, and includes BTC, too. If they close above the point at which the market began dumping on news from FTX , then they're likely to pump hard. I intend to post a few more charts showing what I mean.
I've been bearish the whole way down, but I think the bear is starting to finally hibernate, and the bulls are beginning to wake up. It'll be slow at first until mid-2024, and then, after the halving, we'll see the bulls rampage again.
POLY Moving to Substrate/DOT. POLY will be soon be POLYX. +400%This might be the most underrated project in the cryptosphere is it is certainly the most underrated token tied to the Polkadot ecosystem.
Polymesh Network testnet has been launched (aka Substrate/Polkadot)
A tool to help you upgrade your POLY on Ethereum to POLYX on Polymesh. POLYX is the protocol token of the Polymesh blockchain, used for network processing fees, protocol fees for using network modules, and block rewards.
Polymesh Testnet V2 just launched, token studio w DAPP, Staking, Smart Extensions etc.
Polymesh Mainnet Launch is Q1 2020
I believe that POLYX will the be the STO pillar of the Polkadot ecosystem. They have been around longer than Tezos and I feel that Subsrate is a revolutionary technology. Huge potential and the community does not yet understand how revolutionary Subsrate/Polkadot is.
Lots of synergies between Polymath and Gavin Woods Parity
When people start to connect the dots (no pun intended) this thing will explode. See XOR for an idea of the hype around the Polkadot Ecosystem. POLY currently in ninja mode but for how long.
XTZ/USD - 2018 bearschizo bros rise up!If we get the brutal 3 year bear run, these are the levels I plan on buying XTZ. Veterans of last bear run would not be shocked if we saw 90-98% drops on major coins, regardless of their fundamentals. Even ETH dumped 94% last time.
This is one of my contingency plans - obviously not advising anyone to follow suit. I still have some alt suicide bags. That said, in my opinion it is a good idea to have cash handy for these possibilities.
Blue - dip toes
Green - long accumulation
Purple - buy with size
(exception is if the project dies, otherwise I think these bags would make me a happy man in the next bull run, especially with baking.)
CryptoMania- in 2018-2019-2020, Cryptos markets fluctuated bewteen 100 Billlions to 400 Billions.
- At the start of this BullRun, we got a push of 2000%! Rockected to 2.5 Trillions !
- Now and it's totally Logic that we retraced 50%ish and back to 1.20 Trillions, according to Elliot Wave, we just finished Wave 4 Retracement. Remember always that Cryptos are most fast than you, for the push and also for the dip !
- The Next push should propulse us to 3.5 Trillions Total Crypto Market ( +200% ish), 161.8 Fibo.
- This trend is theorical but clearly possible and very preservative, i had to made it to make peoples understand that we are just at the beginning of this fabulous Journey.
You are parts of the Web3.0 Story, Defi, Decentralisation, Swap money from your computer and so much more is coming.. could u imagine that 10 years ago ?
- With time the old banking system will be obsolet and die slowly.
Don't lose your faith in cryptos!
Long Cryptos, Short Banks !
Happy Tr4Ding !
FTX is Just Another Market Correction: Liquidity and RegulationsI'm sure you've probably already heard the news about FTX so I won't cover everything - but there's a few things we might expect, longer-term, from the scandal this week.
- More Regulations: This incident embarrassed a lot of powerful people as well, so the likelihood of more substantial regulations coming down the pipe is now much higher.
- Increased Liquidity: Lots of people are pulling money outside of crypto right now, which explains why the prices have dropped so much this week, as a whole. (Especially Solana, which took an outsized hit compared to the rest.) But the money is still there - some will leave, but some will come back...hopefully with better research. It may present an opportunity for smaller alts to grow after the dust settles.
The crypto ecosystem has gone through a few exchange collapses already (ex. Mt. Gox) so crypto itself will still continue to press on. But I fully expect for more stories like these to unfold as we head further into the recession - the money printer has run out of ink, after all.