XTZ.BTC (Y20.P3.E3).TA on the Macro StructureHi All,
~~ This is a continuation of the previous post, link below ~~
Today, after a bullish div move, we have Tezos on its way up (BTC pairing).
Observation:
=======================================================================================================
> Macro structure as you see is in the complex correction wave with a descending top declining flat bottom 3 to 4 wave.
> Within this section we observe 2 resistance levels a) resistance trend slope and b) yellow bar, key fib resistance level (0.382)
> I have marked the descending top declining structure with E having a strong bounce
> We have on the Daily bullish MACD, WT and Phoeix indicators
> We have most of the daily EMA as beneath the price action
My thoughts:
=======================================================================================================
Buy in now > to much going for it
When to enter, look at the smaller time frames.
Buy on the bounce areas but also risk missing the retest of the resistance level.
Fib level structure
Indicators confirm > cross over
EMA > 21, 34, 50 and 100 all now under the price
Please give me a like or tick for this helpful post
Cheers,
S.Sari
MY PREVIOUS POST > I should have guessed in will be another triangle structure
Tezosanalysis
XTZ.BTC (Y20.P3.E2).TA on the Macro StructureHi All,
My thoughts on Tezos against BTC:
> Price is below the 10 to 100 EMA on the Daily price action and these ema ribbons have confluence headed towards the current 0.5 or 0.382 Fib retracement level as per chart, which is equivalent to the red min line of the Fan pattern, which at times can be a reversal pattern or bullish pattern.
> Note the points of touches on the chart structure, by the dark boxes. 2 touches to the top and potentially the 3rd touch to the bottom, completing the ABCDE formation.
> Note that we are in the 3 to 4 of the elliot impulse with a complex correction and the chart pretty much confirms this. I learnt recently that 3 to 4 is usually complex to strip of our gains with the 0 to 3 impulse which are usually clear trends. And just like BTC, we will end up going from 4 to 5 after this formation.
> Both bottom indicators show that we are approaching the bottom reversal area.
I'm looking for a cross over of the signals on the WT and if you note on the Phoeix, energy is moved above the 50% mark showing an emerging divergence.
Daily with key pivot points and levels
Daily with EMAs
12 HRLY chart: No bullish candles yet
Please give me a tick or a like for this post.
Regards,
S.Sari
Moving off the Tezos topic, check out the monthly close now and how bullish it still remains for the long term.
$3.10 must be brokenTezos finds itself at a most critical juncture. $3.10 is possibly a more challenging resistance level for Tezos than $2.00 was earlier this year. The fact that xtz has not pumped above $3.10 yet during the recovery gives me hope that many of the would-be sellers on the ride up are exiting here. Thus, if we can get past this level many of the sellers will have left, clearing the way for buyers to take over the market.
The longer the battle for $3.10, the greater the odds that $3.10 shifts to firm support. Sustain a break above $3.10 and this is where things should become fun.
Tezos Ready For Liftoff? 20% TargetMomentum looks good on this one. MACD pointing up. Short-term moving averages pointing up. Candle formation pointing up. Trendline being tested. A break today may see a good continuation towards 20% target. Tezos remains a favorite coin to watch at the Sparkster office.
Tezos Target — Heiken Ashi Suggests 30% Drop
As you can see the current weekly candle using the Heiken Ashi chart is painting red.
We would not be surprised to see a quick drop to the $1.70 area from the current $2.50. A 30% drop. Finding support on what we at SparksterSignals call the golden mean horizontal (dividing the chart visually between bear zone and bull zone).
Following that correction we expect Tezos to break out strongly from the resistance trendline overhead to test it's ATH and enter price discovery mode in the sky's above.
XTZ - 4H - Current situation and analysisWe're in the middle of the range $3.05 - $2.60, don't think to enter any positions here is a good idea, R:R is 1:1. It looks better just to wait the price will touch support or resistance and after that make my turn.
And I would rather prefer to buy pullback than to short it above $3, i.e patiently waiting for the further PA.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
Tezos on the move
XTZ followed the market pump and broke out 2.15 resistance. Target for this move is resistance zone at 2.47 - 2.55$. Although there is a chance it will pullback to re-test broken resistance, before going higher. This would give a chance for safe long entry.
Support: 2.18 / 2.10 / 2.00
Resistance: 2.47 / 2.55 / 2.73
Week chart look bullish.
C&H Signals parabolic short XTZTezos is Kicking off this beautiful Friday morning kicking off this beautiful Friday morning where the sun where the weather today looks spectacular on the east coast :-)
So my guess is sometime around 4 to 7 AM so my guess is sometime around 4 to 7 AM during peak Asian trading hours (Probably as a result of probably as a result of the resurgence i've coveredProbably as a result of the resurgence of covid19 (second wave) in China with breaking news revealing wuhan has seen a surge of 50%+ cases of coronavirus diagnosis despite the fact their curve had flattened so much so that they lifted their social distancing bylaws and their workers were fully transitioned back into the workplace..
My guess is this is will cause panic and FUD as there's still so much we don’t know when it pertains the coronavirus and more questions than answers leaving too much uncertainty which is the one thing institutional investors cannot stand: Selloffs, recessions & extended bear markets are fine but the prospect of hypothetically reopening the economy just to shut it down again is compelling enough to make everyone on Wall Street shit their pants and seeing as how it's about 6:30 AM EST right now they should be waking up and we should be seeing some parabolic in prominent Alts and much much more volume On BTC.
Edit: When I started this publication when I started this publication you were sidewaysWhen I started this publication we were sideways; I need to keep the opeds shorter Because My prediction literally came my prediction literally came through so quickly that I didn't need to be have a chance to post it yetMy prediction literally came through so quickly that I didn’t have a chance to post it yet.
So as long as you do not fear anything and remain disciplined in your entry/exit pts there is still time to make this entry so I’ll conclude head wrap this up sorry you guys !
So the two main figures to look out for our 2797 aka the stop loss and most important figure & 3168 which is the optimal TP for a perfect short on XTZBTC!
Have a wonderful weekend & a happy Friday everyone.
Stay safe and healthy and take care of yourselves and your families with I reported staggering +800% shattering increase and statistics for domestic violence/abuse we need to keep in mind we are at the crisis right now and the last thing we should do be fighting with those we love the most though is closest to us rather banding together at using this time as a gift try to see the glass is half full.
I’ll leave it at that.
Peace & Love
-@a1mtarabichi
DISCLAIMER
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Tezos Bullish ViewBullish view for Tezos
1H chart
Fib spirals showing areas of potential support and resistance, showing bottom and tops
Positive volume trend
Falling wedge can be observed and is a bullish continuation pattern in this case
My other chart for Tezos, as you can see there is a rising wedge, a bearish pattern. Which pattern will be dominant?
On the daily chart a fib spiral has provided a nice support, 'supporting' this bullish view.
Analise Tezos - XTZ / USDTTezos rompeu a resistencia, que agora passa a atuar como um suporte, na regiao dos US$ 1.78 e disparou ate US$ 2.10 no inicio do dia de hoje, agora entrando em movimento de correcao, buscando a regiao dos US$ 1.87/1.88, que e a regiao dos 50% da retracao de fibonacci, bem como a regiao da media movel de 200 periodos.
Vejo uma boa entrada na regiao entre US$ 1.88 a US$ 1.78, caso o Bitcoin se mantenha na regiao dos US$ 7.100 a US$ 6.900.
Tambem houve um consideravel aumento no volume neste periodo de alta, assim dando maior forca a tendencia.
Tezos Could Increase By More Than 30%!The XTZ price is currently trading inside a strong support area found at 25,000 satoshis. This is the previous breakout level, the movement above which in the beginning of February eventually led to the all-time high price of 40,530 satoshis on Feb. 21.
The price has created a descending wedge, out of which it is in the process of breaking out. I think the price will break out for several reasons:
Creation of a bullish reversal pattern inside a significant support area
Bullish divergence in the RSI
Possible RSI movement above 50
Target 1: 28,500 satoshis
Target 2: 33,500 satoshis
Stop loss: 24,000 satoshis
Please leave a Like and comment if you enjoyed the analysis.
Tezos Bearish alligatorTezos has seen a great bull run. However it has reached the point where the downside potential is A LOT greater than the upside potential. Support for this theory includes the bearish opening of the Gaussian alligator indicator, preceded by a double top and a bearish divergence. The previous Bearish opening held bullish potential due to the formation of the descending scallop, a bullish reversal pattern. By 'baby coin' I mean the coin is very young and most alt coins do not show this chart structure in their early days, its just strange. A personal bias may come into play, I do hate this coin.. xD
XTZUSD formed bullish Shark | Upto 125% bullish move expectedAn eye on previous bullish harmonic move:
Hi Folks hope you are doing well, this bearish trend is helping many tokens and cryptocurrencies to complete their final bearish legs to form bullish patterns and Tezos (XTZ) is also one of them. This time the XTZ has also completed another harmonic move but before moving to current pattern lets watch the previous move so it will be easy to understand the current harmonic move.
Below was the long term 2 week chart I published on 1st November 2019 and on this chart I found that the XTZ had formed a perfect Gartley pattern. The formation of this pattern was started on the candlestick which as opened on 21st January 2019. The initial leg was completed on the candlestick that was opened and closed on 13th May 2019. After that we have witnessed that the price action has retraced between 0.618 to 0.786 Fibonacci level and completed the A to B leg. After this retracement the price line of Tezos projected between 0.382 to 0.886 Fibonacci projection and this was the Fibonacci projection area of A to B leg. When I published the chart at that time priceline was moving in the potential reversal zone and we had 4th candlestick in this area.
Now from that potential reversal zone the XTZ was suppose to move up and enter in the Fibonacci projection area of A to D leg between 0.382 to 0. 786 Fib level. So there was almost 150% bullish move was expected but we have witnessed that Tezos turned very strong bullish and first the price action entered in the Fibonacci projection area and from December 2019 to January 2020 the price action started a correction rally between the projection area of A to D leg and then broke out the 0.786 Fibonacci level as well and produced more than 348% massive profit.
Failed in breaking out the long term resistance:
After producing such a massive bullish rally the price action found a long term strong resistance at $3.52 and finally the priceline of failed to break out this resistance level and dropped down back in the Fibonacci projection of A to D leg of previous bullish Gartley pattern. At this level the price action is also hitting at the previous support of $1.26 and also using the 0.382 Fibonacci projection as a support.
The Tesoz is hitting at the support that is never broken down:
Now if we move to 2 day chart then it can be observed that the price action of XTZ is now at 200 simple moving average support and at the same time it is also hitting at the 100 SMA. As per Kraken exchange this 200 moving average was first time appeared on 17 November 2019 and since then the price action of Tezos never has hit on the support this time the price line of XTZ is touching at 200 simple moving average support for the first time in its history as per Kraken exchange chart.
A recent harmonic move can produce another bullish rally:
Now if we closely examine on this 2 day chart then it can be clearly seen that Tezos has formed another harmonic pattern. And this time the pattern is bullish Shark. The initial leg of this pattern was started on the candlestick that was opened and closed on 3 January 2020 and this initial leg was completed at the candlestick of 12th Feb 2020. After that the price action retraced between 0.382 to 0.618 Fibonacci level. (there is slight difference to reach up to the level of 0.382 but I have ignored this slight difference because all other legs of this pattern are formed perfectly as required for a perfect bullish Shark. After the completion of A to B leg the price line of XTZ was supposed to be retraced between 1.13 to 1.618 Fibonacci projection of A to B leg and on the chart we can see that the price action has projected up to 1.363 Fibonacci projection. finally the recent strong sell off has helped the XTZ to complete the last leg of this pattern and the final leg is retraced down between 0.886 to 1.13 Fibonacci level as required for the C to D leg of bullish Shark pattern. We can see we have fourth candlestick moving in this potential reversal zone. Now as per Fibonacci sequence method priceline is supposed to take a bullish divergence from this PRZ level to enter in the Fibonacci projection area of C to D leg from 0.382 to 0.786 Fibonacci projection.
As per Fibonacci sequence the potential reversal zone and Fibonacci projection of C to D legs are as below:
Potential reversal zone: $1.4984 to $0.9170
Fibonacci projection of C to D legs: $ 2.0710 to $ 3.2854
So this time Tezos has capacity to produce upto 125%. However if the priceline will manage to cross up the 0.786 Fibonacci projection then it can breakout the $3.52 resistance as well.
Stop loss:
The maximum extent of potential reversal zone at $$0.9170 can be used as stop loss because if this level will be broken down then XTZ can start another bearish rally towards downside.
Regards,
Atif Akbar (moon333)
XTZ/USD LONG TO NEW ALL TIME HIGHS OF $5.50, $7,50, $10.00ENTRY 1 $3.00 & Entry 2 $2.50 SL $1.70
TP.1 $5.50 & TP.2 $7.50 & TP.3 $10.00
Apart from Bitcoin, there is another cryptocurrency that will continue to make a new ATH, Tezos (XTZ). As we reported, XTZ has already made a new high and worked its way into the top 10 cryptocurrencies.
Currently, XTZ is trading at $3.23, with 147% gains on a year-to-date basis, all thanks to the baking frenzy that has nearly 80% of Tezos supply locked up for staking. According to AngeloBTC, the digital asset would also be seeing over 200% of gains to climb to $10.
For the second-largest cryptocurrency, Ethereum, however, AngeloBTC has the least expectation as he predicts a minimum jump of 87%. Currently trading at $263, up 105% in 2020 so far, the trader sees it going to at least $500 moving into 2021.
But for the third-largest cryptocurrency, XRP, the investors are in for the highest gain of 248%. At the time of writing, XRP/USD has been trading at $0.282 and as per the trader, by 2020 we could see $1 finally, which was last spotted in February 2018 during the trip down from the January ATH of $3.92.
Breaking out of trading ranges part 2: Tezos vs. EthereumYesterday I highlighted what Tezos would look like if it followed Tesla's recent trading range breakout. $3.50 within a few months is fun to think about.
But what would happen if this xtz trading range breakout were to mirror Ethereum's from 2017?
Bottom line is Tezos is now in price discovery. Its ok to let your imagination run wild.