Tezos trading range XTZ is trading in a rising trend channel, and is now nearing it's support zone.
The green box is a good place to set buy orders for a potential move to the 0.382 fib, which coincides whit the upper trend channel line.
Tezos
Tezos is a looser longXTZ broke so many hodlers hearts, so I decide to long this little coin to previos highs.
Stops and target prices are on the map, please enjoy =^_^=
Tezos still consolidating! 🥱I've readjusted de bottom line of the symmetric triangle (white lines) in order to cover the latest price movement.
The price has tested many times the support line of the symmetric triangle (white lines), so the breakout should be close to happening.
The symmetric triangle usually breakout in the direction of the current tendency (the one before entering the triangle), so in our case, that should be bearish. There are also other occasions (less frequent) where the symmetric triangle acts as a reversal pattern.
I really believe Tezos is undervalued. It's a great project technically speaking, and it also has good fundamentals nowadays.
The squeeze momentum in the daily time frame has been showing a bearish momentum every day weaker. The ADX in the daily is also moving down, but still far (currently at 32.39) from the 23 levels.
The other variable is keeping me Bullish is the Bearish Harami in the Market Cap BTC Dominance, in the daily time frame. When Bitcoin is rising and the BTC Dominance is decreasing (hopefully), this is usually a good moment to hold altcoins.
I'm already in profit with this trade, I've been buying the bottom (doing cost-average). But this is taking too long in the same area of price, and I don't like that. Especially inside a symmetric triangle coming from a bearish movement.
☝️ That's why I'm placing a stop loss to break-even. Even more, forgive the redundancy, with a bearish divergence (see above) in the MFI (Money Flow Index). If Tezos price finally breakout bearish (with hight volume) I would wait (limit buy) for the price at $1.5648 and $1.4346.
Do you have something to share? I would like to read your opinion on this!
That's all folks! ⌛️
This isn't trading advice. I've no idea what I'm talking about 😉.
Trade with caution! 🚨 Have a good day! 🤟
Expecting XTZ to continue following the same patternXTZ closing in on a massive 2 month consolidation after making new ATHs. Looking back, we have seen this pattern repeatedly, and will be looking for another big upside from these levels to new ATH once again.
XTZ-ETH local trend, wedge Greetings,
let's look at the daily chart for more local work.
The price of the tool has formed a falling wedge figure, which can be reversed for a local downtrend. Also, a symmetrical triangle has been formed inside the wedge, which itself is a 50-50 uncertainty figure, but considering the local trend downwards, it is most likely a bearish signal. A bearish dodge is also visible for 6.10. In addition, there is no volume, and in general the market is locally bearish. There are all chances that the wedge will reach the horizontal support 50-51. The entry to the wedge breakdown or rollback after the breakdown, and the presence of the buyer volume. Targets the wedge 120-125.
The main trend of the tool showed in the past idea.
This is not a signal to buy, but information for observation. Always assess your risks and put a stop loss.
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XTZ-ETH main trendGreetings,
The chart shows the main trend, timeframe 1 day. Upward channel, width 200%. Now the price is under the lower limit of the channel, the support is a horizontal level (zone) 0.0062. It is important to return the price to the channel to preserve the upward movement. Fixing below the horizontal zone may be the beginning of the main trend reversal, which will be undesirable for the coin itself as large coin holders may enter the market by collapsing the price. Fixing below the channel, updating the minimum may give a good signal for a short position. For a long position, I would wait for the price to return to the channel.
This is not a buy signal, but information to watch out for. Always assess your risks and put a stop loss.
If you liked the idea, support with liking and subscription, it motivates for new trading ideas.
Am I still in with Tezos? 😰The price has tested the support line of the symmetric triangle (white lines). I'm still in, doing cost-average.
I've just readjusted the possible ABCD pattern, it's only a guide of possible scenarios, the blue lines at BDC.
☝️ The stock market is influencing Bitcoin and the crypto market. In this historical moment (COVID, Stimulus, USA presidential elections, etc) any analysis can be and could be already invalidated, that fast.
Tentative Stop-loss at $2.00, which is also a good level for a trap. Be aware!
This isn't trading advice. I've no idea what I'm talking about 😉.
Trade with caution! 🚨
Have a good day! 🤟
It can be the best buying opportunity at this supportPrice action of XTZ has found a very long term support on weekly chart. And this time priceline is again moving down towards this support.
On daily chart the priceline is moving within a down channel. The moon phases indicator is showing new dark moon appeared above support of channel and new full moon is at the resistance. The priceline is likely to be rejected by the resistance.
On short term 4 hour chart a perfect down trend can be seen.
On more short term hourly chart the priceline was moving in an up channel but broke down the support of this channel as well.
Conclusion:
On short term charts the priceline is turned bearish. On daily chart it is likely to move down after being rejected by the resistance of the channel. On long term weekly chart there is more cushion to drop more up to the support of long term support. Therefore when Tezos will be at the long term support that can be the best buying time.
Tezos about to start a bullish trend? 🤔After a Double Bottom, a Shoulder Head and Shoulder, higher lows, and the bearish momentum almost gone. Tezos could be recovering and about to start a new bullish trend. 🧐
I'm projecting an ABCD pattern with the first target at the 127.20% Fibonacci (drawn from 2.3184 to 2.0316) and a second one at the 150% level. Possible rebounds at the two horizontal green lines, 61.80%, and 50% Fibonacci.
Am I right? ...time will say!
I've no idea what I'm talking about 😉. Trade with caution! 🚨
Have a good day! 🤟
✳️Tezos/USDT (4-10) #XTZ $XTZ #XTZUSDTThe 2$ support zone is really good for us to believe in.
I think it will make a big up move in the late of this year. The expected targets are : 2.5$ in October and 3.5$ in November.
We will close this trade if 2$ zone broken.
TEZOS TRADE ALERT!XTZ is forming a broadening wedge, this is a bearish pattern.
The green scenario is the bullish one. Here we would first test the upwards resistance of the wedge before coming down. Shorts can be placed in the red shaded area.
The red scenario is the more bearish scenario. Here we would find resistance from the 34EMA. To trade this scenario, I would wait to short before breaking the upwards support of the wedge.
Targets for both scenarios are the green dotted lines first (0.618 and 0.718 fib). After breaking these support points; the next support is the green shaded area.
XTZ 20% tradeHello, traders
XTZ is testing the short-term resistance line, and if we break that level the next target will be the next important resistance level!
Based on the distance from 100 MA we believe the price will come back to test that line as resistance in the short term.
Bullish Diverce RSR
Good luck.
XTZ/USDT 2h (Binance Futures) Rising wedge breakdownTezos just broke out to the downside, I was planning on shorting it earlier but I preferred to wait for it.
Now the idea is to catch a pullback retesting that bearish pattern and follow the downtrend!
Current Price= 2.169
Sell Entry= 2.192 - 2.242
Take Profit= 2.132 | 2.080 | 2.008
Stop Loss= 2.302
Risk/Reward= 1:1 | 1:1.61 | 1:2.46
Expected Profit= +15.32% | +24.72% | +37.72%
Possible Loss= -15.32%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 4x
Estimated Gain-time= 240h
XTZUSD to see a slight downtrend(1D) | Midline rejectionMarket in last 1 week
XTZUSD saw an uptrend after getting lower band support reaching midline
Price volatility was very high. The market moved ~23.41%, between $2.36 and $1.91
Today’s Trend analysis
XTZUSD expected to see a slight downtrend as the price after trading between midline and lower band got midline rejection
Price at time of publishing: $2.27
XTZ’s market cap: $1.71 Billion
Oscillator indicators are mostly neutral. RSI at 42
Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral and Hull MA indicates a buying opportunity
Volume indicators saw a decrease in volume as price increased followed by increase in volume with price increase
Price expected to see a slight downtrend as the price after trading between midline and lower band got midline rejection. Most of the Oscillator indicators are neutral. MACD line moving above the signal line with histogram size increasing in the positive region, suggesting a bullish bias. RSI at 42, below the midline in the neutral region. CCI is around -24, in the neutral region with an upmove. Another interesting point to notice here is that volume saw a decrease in volume as price increased followed by increase in volume with price increase indicating a shift to buyers.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
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- Mudrex
Tezos next cycle planIf history repeats itself. If bitcoin can go above 20k within this time period or Tezos starts defi hype, then the moon in the limit. If not, we will be trading within this channel and I will be getting my sell button ready every time we cross 70 on the RSI and buy on the way down to increase my stack. Tezies til we bezies boiz.
XTZ/USDT | Trend Analysis | Key Levels | Oversold Bounce Todays Analysis – XTZ/USDT – finding support at a structural level with an oversold bounce.
Points to consider:
- Strong Downtrend
- Bearish PA
- Oscillators below 50
XTZ has found support after an impulse sell within this steep downtrend, further continuation into daily resistance is probable.
However, price action is looking weak and bearish. Even with a relief rally, price will need to reclaim daily s/r and consolidate above the 21 EMA at the least to signify trend reversal.
Failing to hold this support, price is likely to have further continuation into the $1.4 support level – a good place for long-term accumulation IMO.
Oscillators are below 50, this indicates weakness in the market as we continue to tread into oversold conditions.
Overall, in my opinion, further price development will indicate the direction of the next impulse.
If you’ve read this far - thank you for following my work!
And as always,
Focus on you, and the money will too!
+100% Profit with XTZ by the end of October 2020? (Updates)Updates on my old idea (LEVEL 0.786 almost always works with XTZ).
The chart is looking good. I am even more confident right now.
* You owe me a coffee if this prediction works.
