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Tezos (XTZ) - September 25Hello? 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 has declined from the uptrend line (1), and most of the uptrend that began on March 13 was returned. It remains to be seen if it can quickly rise above the uptrend line (1). If it falls from 2.0706, it is likely to touch 1.6549 or less. (Fibonacci retracement point indication 1D chart) We'll have to see if we can get support from 2.0797-2.3331 and climb above the 2.84 point. If you move down from the 2.0797 point, you're likely to touch below the 1.3193 point. -------------------------------------------------- ----- (HITBTC XTZUSD 1W Chart) We have to see if we can get support and climb in the critical section, 2.15156711-2.26900450. If you decline from the 2.15156711 point, you are likely to touch below the 1.73723670 point. -------------------------------------------------- ------------------------------------------- I think it is a period of volatility from September 21st to October 1st. Therefore, I think careful trading is necessary. ** 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 generating profit as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
by readCrypto
2
$XTZ where I am looking to buy again !Hello #crypto friends, $XTZ has been hammered lately but I believe the pain is about to be forgotten. Nevertheless, I expect one final drop to the .236 fib level and most likely a wick through (capitulation) to re-validate the long term trend line. Any price below $1.5 is a fantastic opportunity to buy tezos $XTZ and this is where I expect a strong bounce. Note that trend lines are subjective, but they remain powerful consensus to identifying resistances and supports. If you want to bet on the final touch (4th touch), place your order right below $1.45 as it might wick through to $1.35 if we're lucky ! The weekly RSI will flip to heavily oversold attracting many buyers as well. Hope this helps, if this does please like or comment. Have a good one everyone !
BITFINEX:XTZUSD
by CryptoMargrave
2
XTZUSD to see an uptrend(1D)! | RSI, CCI in oversold regionMarket in last 1 week XTZUSD saw a downtrend breaking the lower band with high level of volumes Price volatility was very high. The market moved ~40.06%, between $2.67 and $1.91 Today’s Trend analysis XTZUSD expected to see an uptrend as the price is trading between midline and lower band with lower band acting as support, along with gap down, price to get support from lower band and increase Price at time of publishing: $2.03 XTZ’s market cap: $1.51 Billion Oscillator indicators are mostly neutral. RSI at 28 Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral and Hull MA indicates a buying opportunity Volume indicators saw an increase as red candles were observed with a low value for blue candle Price expected to see an uptrend as the price is trading between midline and lower band with lower band acting as support, along with gap down, price to get support from lower band and increase. Most of the Oscillator indicators are neutral. MACD line moving below the signal line with histogram size increasing in the negative region, suggesting a bearish bias. RSI at 28, in the oversold region indicating an uptrend. CCI is around -206, in the oversold region indicatng also an uptrend. Another interesting point to notice here is that volume saw an increase as red candles were observed with a low value for blue candle indicating a strong selling pressure. ---------------------------------------------------------------------------------------- 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 . ---------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community! - Mudrex
COINBASE:XTZUSDLong
by Mudrex
7
XTZ / BTC - way to oversoldHidden bullish divergence coupled with a 5 wave correction from previous high. Possible another 20% down from here should BTC and the whole market retract more but I would start ladder buying from this moment onwards. BTC Dom. pierced immediate resistance but more overhead horizontal resistance and descending trendline is intact so should we see a break in the stock market, where the correction should also be finishing soon (hopefully), BTC going down a bit further and then relief rally for the whole market.
Long
by badbeatnuts
9
Tezos potential bottom? and some broader market thoughtsHello my fellow traders, hodlers and cryptoknights. Here is my little TA and insight into tezos and some thoughts on the broader crypto market. Technicals MACD is still bearish but has been close to flipping bullish for the past couple of days Volume has been declining and 24 hour volume has been very low, but it is looking to be picking up. MA's we are below all dailies but are just above the 50 weekly which held as support during the Pandemic crash (but had wicks below). RSI showing bullish divergence on the 4 hourly Analysis Whether we hold here or go looking for support lower down I believe to be mostly down to what is going on in the traditional markets and whether BTC holds 11k or not. XTZ is currently at a junction of S/R confluence, if we hold here and the bulls come out to play, we will be putting in a decent sized double bottom and macro higher low. Failure to hold here and the levels to look at are : 2.15, 1.95, 1.80 and 1.50 (give or take some cents) Points of potential interest Crypto began to correct before traditional markets and as such led the bearish rally. Over the last few days of bearish volatility throughout the markets, Gold and BTC were quite stable and ETH even climbed. BTC is known to correlate heavily with S&P 500 and at other times other markets, but it also breaks away and does it's own thing when it feels like it, the new kid on the block trends with the herd when it suits it but breaks away as and when it feels like it, so just because traditional markets are looking glum, does not mean BTC will for sure follow. BTC held above the notorious 21 week MA which it did throughout the big bull run, it also held outside of the 3 year pennant that it broke out of in July. Other than all of the awesome fundamentals already behind Tezos, China has adopted the Tezos blockchain to include in its blockchain infrastucture and France has just selected Tezos to be used in its digital Euro experiment. Exciting times ahead. Final thoughts BTC did not go down and close the CME gap at 9600 and as such will have caught a lot of bears trying to close it, on the wrong side of the trade. Regardless of the above thoughts and facts, it is of course possible that bitcoins move up was just a short squeeze and a bull trap, this coming week will be quite telling. There are whale sized sharks in the waters, they are a heartless bunch and care not for you or your dreams, hold on to your bags tightly. Please do not feed the sharks. I am not a financial advisor and any information I offer should be taken as just food for thought :) If you liked or found anything of interest here please like, follow and share your thoughts below. Stay safe, strong and prosperous.
KRAKEN:XTZUSD
by Crypt1cLyfe