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Tezosanalysis

XTZ Ready To Move Up!!Tezos is continuing to move upwards within the ascending channel even though we have seen some decent downside recently, we are still comfortably in the channel and have some strong supports still that are likely to hold us up, we are currently sitting directly on support coming from a little bit ago and then we also have right below us a nice uptrend support line coming from a previous bottom in our ascending channel, not to mention the bottom of this channel is also support for us and then finally a very solid support at the 0.5 FIB level, so as you can probably tell it is going to take a hell of a lot to breakthrough to the downside here especially past the 0.5 FIB level. but what im looking for is an overdue bounce off of support and a rebound to the upside, i think this isn't far off to say at all we have seen incredible price movements from XTZ recently somedays even leading the entire market and coming from some massive news that involves multiple banks! Looking at the bollinger bands we are currently trading in the bottom half underneath the midline and if i had to make a bet of if we will break the supports or breakthrough this midline im choosing the upside all day, we don't have too much resistance to the upside the main two are for sure the BB midline and then the 0.3 FIB but if we see a rebound here soon and some good momentum i don't think we will have much trouble at all smashing through these levels, XTZ has already shocked many investors and people and more institutions are starting to wake up to Tezos potential and overall the great project! Looking at the RSI we have slightly broken below the midline and what we are looking for here is a bounce off of the current support we are sitting on and rebound upwards pushing us back up above this midline so we can retain this very nice uptrend XTZ has going! Now the RMI we also are currently sitting on support and im looking for once again a nice bounce upwards and ultimately get this reversal with the blue getting back ontop of the orange, i don't think we should have much trouble doing so since we have had a decent drop here and we we're a hair away already from getting that bullish reversal and aswell as all the factors i talked about earlier mainly being the many support levels we have! Not financial advice just my opinion!
COINBASE:XTZUSDLong
by JacobR905
1
XTZ Ready For a Leg Up!!Tezo's and most of the market has been feeling the BTC rise and the dominance rise in turn pushing altcoins to the downside, XTZ has actually held up very strong compared to some other coins. We are still comfortably in our ascending channel with us just recently pushing into the lower half. Looking at the bollinger bands we are actually sitting right on that midline which is currently support and holding us up, im looking for a daily close above this level tonight and hopefully a bit of a pivot off of here, aswell the bands seem to coming in and could be starting to squeeze down on price action, if this happens we will likely see some sideways movement with momentum building up stronger and stronger each day until we have an explosive move in either direction. Keep in mind BTC is always a huge factor for altcoins so we must watch this aswell. Taking a look at the EMA ribbons we are still moving in the right direction with the green ribbons on top and with some decent separation, if altcoins start to take off to the upside we can likely get a hint from the EMA ribbons by them starting to open up wider and spread out further showing growing bullish momentum! As far as significant support and resistance go we are dead center inbetween the 0.3 FIB (Resistance) and the 0.5 FIB (Support) i think it is likely that before we move another leg up we will probably go to test that 0.5 FIB level and my thoughts are that we will hold it, unless of course BTC crashes the party. Now the RSI, as i always talk about the midline is a very key level, not only does is act as support (Currently) it signals the overall trend we are in, if we remain above this midline we are still considered in a confirmed uptrend, but if we fall below and fail to get back up and above we will be considered in a confirmed downtrend whether its a short term one or longer term one, i would say shorter term is the most likely option as i believe this bullrun is not over for alts. But we are seeing a curl to the upside slightly above this midline and its looking like we could actually hold here going into daily close, and like i said before if we can hold onto the midlline on the BB aswell, we are looking very good! Not financial advice just my opinion!
COINBASE:XTZUSD
by JacobR905
6
XTZ Going for ATH!!!Tezo's has been really showing its strength as a project as of late and personally i think a lot of big players and even retail players are really starting to realize its potential! We are looking extremely bullish and have been making some nice gains lately, we have been pushing upwards in this ascending channel since back in July, we currently have exploded upwards out of the channel taking out key resistances along the way! Really interested to see what XTZ is going to bring once the Altcoins really start to pump hard, would be foolish to disregard Tezos as a potential front runner once we really start picking up momentum! Whats even more exciting is that XTZ is only aprx 50% off its ATH and you guys know what comes after the ATH... PRICE DISCOVERY MODE!! First looking at the high and low pivot levels, we are very nicely sitting above the most recent high pivot level and a close above here tonight would be very key and add to the already massive bullishness, and in regards to our next major resistance level i would say we are set for the 0.2 FIB (FIB retracement is drawn over all time) we might hit a couple weaker resistance levels on the way but how XTZ has been moving i wouldn't see us having much trouble blasting through! Also keep in mind we had some huge bank news today regarding XTZ once again adding to the bullishness. Now the Bollinger bands look very nice we are starting to take a ride up the top band and we are only on our 3rd candle, usually big ride ups on the top band can go on for upwards of 5-6 & even 7 daily candles. Something we want to see on the bollinger bands is for that midline to start heading in the upwards direction, this is additional layer of support and will help keep us from falling. Now the MACD looks very good we are seeing increases in our histogram day after day and they aren't very small increases they are on the bigger side compared to normal, showing us the rise in bullish momentum.We also notice big big separation in the MA's with the blue starting to fly to the upside and the orange lagging behind, would definitely like to see this continue on as it lessens the chance of us having a near bearish cross, with big separation price action can afford to have a day or two cooldown without actually getting a bearish cross or close to bearish cross, and likens the chance of us seeing a double green MACD cycle! Not financial advice just my opinion!!
COINBASE:XTZUSDLong
by JacobR905
3
XTZ Pushing for Previous High!!?Tezos is really making a name for itself recently with some massive news coming to sight like big NFT projects and huge banking smart contract news are definitely all helping boost XTZ the gaining momentum! We had a huge wick above the R2 resistance and theres a good chance we see that level sooner than later, we are currently sitting right on the top band on the bollinger bands and when we see this happen theres usually big momentum and upswings like we have been seeing! The MACD looks fantastic we are seeing big separation in the MA's with no sign of slowing down and the histogram is only on its 3rd green bar and we are growing significantly each day, we want to see this momentum continue and push us higher and higher. We are also continuing to push upwards in the ascending channel with us currently sitting right at the top facing some resistance, i think there is a good chance we see a nice breakthrough coming up here soon and i would go to say we are likely bound to reach that 0 FIB level or 8.4$ USD! Not financial advice just my opinion!
COINBASE:XTZUSDLong
by JacobR905
1
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!
Long
by JacobR905
XTZ About to Breakout!!?XTZ has been travelling along the descending channel since mid June, we are getting a strong push upwards at the moment looking like we are about to breakout against BTC. Keep in mind this TA only stays valid if BTC doesn't swing the market, if BTC dumps we should expect the same for the market. Now first looking at our current breakout spot we are looking very strong pushing slightly above the top of the channel, we are also looking at the nearby pivot point just above us, a break above here and a close on the daily would be very bullish, we would likely get an overall trend reversal. Looking at the Bollinger bands we are also looking great we are seeing some squeezing within the bands and that usually means volatility is shrinking and a big move usually follows, we are also almost at the top band which is very bullish, if we can grab on and start climbing the top band that will likely ignite a big run. If this plays out i can see us easily going upto the R1 resistance. The RSI is looking good we have climbed up and above the midpoint which is very key, if we can see a further push up and hold above this midline we are looking fantastic, we would be looking at a confirmed uptrend, which xtz could really use right now! we can't slip below again and struggle to find a way back up because then we will be back in a confirmed downtrend. REMINDER, BTC controls the market and we could get crushed if BTC decided to dump so always keep that in mind because it could completely void this TA, Not financial advice just my opinion!
Long
by JacobR905
XTZ Potential Drop Before Taking off!?XTZ has been moving somewhat sideways but slightly upwards for the past month and a bit and it looks like we could be in for a little drop coming up soon, i imagine that we will see a drawdown to the pivot point which is about -9-10% from where we are now, however i do really think we are going to catch support and get a bounce, if you take a look at the bollinger bands you notice the midline which right now acts as support lines up perfectly with that pivot point that acts as support, i think its likely that we will atleast see a bounce on the first wick down. Keep in mind that BTC is a big factor in this, if BTC decides to pullback or drop we can expect the same for the rest of the market. The MACD is looking a little shaky we see our Blue MA approaching the orange one while pointing to the downside, i think we are likely due for a bearish cross in the coming day/s. Our histogram is slowly cooling down printing lesser green bars than the previous and we are coming up on the midpoint where we could see this flip to red. Think a little cooloff or pullback is due before we see a big run for XTZ here but keep in mind BTC plays a huge factor so always remember that, very bullish on XTZ longer term i believe it is a great project and will be looking to buy the dips. Not financial advice just my opinion!!
COINBASE:XTZUSD
by JacobR905
XTZ - 6h. you need to wait for consolidation above the $4-4,5Slowly but surely, buyers have regained the initiative in the XTZ market. Having started a new wave of growth after a strong price correction on February 22-23, buyers managed to gain a foothold above the important range of $4-4.5 . This range was strongly defended by sellers in 2020: However, only last month, with large volumes, b uyers managed to break through this range and catch the sellers' stop orders. Control over the price zone of $4-4.5 in February remained with sellers. After repeating a similar attack in March, but at low volumes , buyers managed to close the monthly candle above this range. Thus, we think that the majority of sellers have left the market and there is no way for the XTZ price to continue rising. The final confirmation of this may be the price re-correction to the $ 4.5 mark. The first local target is $6.3. Below $4, buyers will lose initiative and retreat to the range of $3-3.1. However, given the prospects for BTCUSDT to renew its all-time high and test the range of $65,000-75,000 , this negative scenario remains an alternative. _____________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
24
Tezos key levelsGood morning people 👍 𝙒𝙤𝙪𝙡𝙙 𝙮𝙤𝙪 𝙡𝙞𝙠𝙚 𝙩𝙤 𝙠𝙣𝙤𝙬 𝙖𝙩 𝙬𝙝𝙖𝙩 𝙥𝙤𝙞𝙣𝙩 𝙩𝙤 𝙗𝙪𝙮 $XTZ ?🤑🤑 I teach you easily with a graph , the only thing you have to memorize are the 4 areas drawn with 🟢Green / 🟡Yellow / 🔴Red /⚫Black. 🟩Best entry : 2.25 USD 🟨A good entry : 3.25 USD 🟥Risky entry : 4.50 USD ⬛Danger zone : 1.45 USD PD : Black zone is dangerous if the price crossdown this level, it could go down much more. $BTC $ETHEREUM $LTC $ADA $XRP $BNB $XLM PD2 : "Risky Entry" means that it is a more dangerous entry compared to the other 2 colors. But it is a valid entry anyway. PD3 : Leave me in the comments, what do you want to analyze next. (any crypto/stock/indices ) 𝙄𝙛 𝙮𝙤𝙪 𝙡𝙞𝙠𝙚𝙙 𝙞𝙩 𝙤𝙧 𝙞𝙩 𝙝𝙖𝙨 𝙗𝙚𝙚𝙣 𝙝𝙚𝙡𝙥𝙛𝙪𝙡, 𝙮𝙤𝙪 𝙘𝙤𝙪𝙡𝙙 𝙨𝙝𝙖𝙧𝙚 𝙩𝙝𝙚 𝙥𝙤𝙨𝙩 / 𝙘𝙤𝙢𝙢𝙚𝙣𝙩 / 𝙡𝙞𝙠𝙚. The post would have more visibility so that more people can see it.✅ Check my profile @vbirnoschi !!!
BINANCE:XTZUSDLong
by scam2nft
4
XTZ 12h Be careful with long and read to the endThe first thing I want to write is that XTZ is a very manipulative coin . And it seems it began to bother the manipulator. Why XTZUSDT aroused your interest, we do not know, but you voted for it in the weekly digest , so we are analyzing it) Within 3 months, the XTZUSDT price has been moving up in a clear channel , the limits of which are probably skillfully supported by trading robots. Pay attention to how the XTZUSD value without volumes fell from August to November 2020, and for sure the patience of the "inveterate investor" XTZ came to an end. Since November, he started pumping up the XTZUSDT trading pair with volumes. If we are not mistaken, the news background was and is without "exclusive and wow effects". The first profit taking took place at the end of November 2020 and this can be seen in the volumes surge near the upper limit of the channel. Further, at the end of December, in the trading algorithm, most likely, there was a failure and the bot that substituted the walls to keep the channel limits dropped out of the game. We can see the result on the chart, the price fell down from the channel: it broke the stops and l iquidated more than one small deposit of traders who like to play with margin leverage. This situation is most likely force majeure, and not a planned action, since the volumes on the flow are low. From the bottom, it was not a manipulator who was bought, but lucky ones with small deposits. Then the trading bot was repaired and it returned the XTZUSDT price to the trading channel. For one month, while increasing trading volumes, the XTZUSD price was growing. Someone bought, and someone skillfully sold an asset that was stale. And so, on 23 January, 2021, we got a price spike and maximum trading volumes. Most likely it was the end of growth. If you've read this far, then you've got a few numbers to ponder on trading) The most positive scenario is the price growth to $3.20. If by some miracle the price manages to fix above $3.20 , then by inertia it will still stretch to $3.60 , but not higher. If we are right and the manipulator ended the XTZ sale by putting the cherry on the cake on 23.01.21, then the XTZUSDT price will face a strong fall. First target from below is $2.45-2.50. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
22
XTZ 1D In search of a compromise priceThe previous idea work out, though it took a long time, but in the end the targets worked out well. After a rapid and almost uncorrected fall for 2 months, sellers slowed down. The price starts looking for an equilibrium value that would interest both buyers and sellers. In the current situation, a smooth slope is more real, first to the liquid zone $1.72-1.76 and possible a sharp collection of stops to $1.62. If the price fixes above $2.20 , then the way for growth to the zone $2.45-2.50 will be opened. __________________________ Each " like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
1
Bearish pattern breakdown and support levels to watch out for*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
BINANCE:XTZUSDShort
by CryptoRush_
3