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Tezoslong

XTZETH - A Closing of Trend Lines Indicates One ThingTaking a look at Tezos and we can see clear trend lines both above and below the current market price - we've had some cracking trades through Crypto Tipster v2 over the last few months and years and this could well be another one! After a little fakeout on the downside we're now trending back within the historical range with one target to aim for - the top of the trend range! There's a few areas of resistance that we could be aiming for, but only one of these corresponds with that upper resistive trend line @ 8513. This represents a very handsome 25% gain through until mid March sometime, we'll be sure to keep you guys updated with this one! If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
XLong
by theCrypster
20
XTZ Rebound Coming Soon!?doing a little update on XTZUSD on a 4H timeframe, since out last TA we were trading inside of the red pennant, we had a false breakout and a once again a drop that is keeping us in this sideways structure. Shown by the green horizontal lines we have been getting rejected and have bounced many times in this zone, going all the way back to the beginning of september we have been stuck in this sideways channel, the positive thing is that we are respecting it very well on the support side not slipping through the bottom, we are currently sitting near the bottom of the zone just having a bounce off of it and starting to move to the upside. Looking at our pivot points, price action just bounced off the S1 support level and our next target is definitely the blue pivot point, this level if broken above and held can trigger a reversal and pivot to the upside, we also have another pivot point we are looking at above the blue zone and capturing this level should definitely give XTZ that bullish boost we need to really start moving up. I also have a breakout zone drawn out that is going to be important to capture, it lines up with the secondary pivot point and is a decent ways above the green sideways channel we are currently stuck in, breaking above here and holding the box i have drawn out will give us big bullish momentum and is what we need to do to really get that upside boost, i should also point out that getting ahold of this area effectively breaks the current sideways structure and should lead to a breakout! Now looking at our wavetrend we are looking good here we had a bit of a double bottom in the buy zone and have since started to reverse to the upside, keep in mind this indicator is slow moving and doesn't usually make jagged or sharp moves, we usually see a smooth transition between bearish and bullish waves, i am expecting this to be the start of another bullish wave that could bring us well above that midline, we havent seen a really strong bullish wave since earlier this month and i am looking for something similar here coming soon!
COINBASE:XTZUSDLong
by JacobR905
Tezos Ready for a BIG run!!Looking at our XTZ daily chart, we have broken out of the longer descending channel and looks like we are ready to make our next leg up! as far as support goes we have quite the cushion below us, we have strong support at our current position at 4.4$, support at 3.9$, uptrend support coming from the last bottom in the descending channel, and finally the top of the descending channel now acts as support. Looking at our bollinger bands we also have the midline as support as of right now, we need to stay above here for our daily close tonight, a break and close below will flip our midline to resistance. Another nice sign we are getting from the bb's is we notice they are beginning to squeeze down on price action, now this means volatility is shrinking and historically this leads to very explosive moves, now keep in mind we don't get a confirmed direction of that explosive move, thats why we use different indicators to try and pin point the upcoming direction. One last thing on the bollinger bands, if we can hold the midline going into tonight the door is open for us to make a push to that top band, if we can close ontop most likely we will spark that big upside move! Now the squeeze momentum indicator, we are coming out of another bearish squeeze, our red bars have retreated back to the midline and its looking like we could start a new bull squeeze coming up shortly, what we want to see is a strong open with a green bar and day after day seeing an increased green bar, this would confirm a bullish squeeze and the option for that explosive squeeze release is on the table! Think we are in the midst of a massive upside run coming soon, based off our recent price action and 3 strong bearish squeezes we have previously seen we should be loading up for quite the upside move! Not financial advice just my opinion!
COINBASE:XTZUSDLong
by JacobR905
Crypto Black Friday Sale!!The Crypto market is feeling the pressure today and has dropped a decent amount, i definitely am not worried too much at all i look at this as a great opportunity to scoop up coins at a nice discounted price and that is exactly my plan! Looking to grab some more XTZ today as we are down nearly 47% since the beginning of october and down roughly 25% on the week. Tezos is an absolute gem project i personally think and the gains in the long term i believe will be huge, the other great aspect and reason i am going to buy the dip here is too add to my already nice bag to continue staking which is a great option and good way to compound your gains. Price action has come all the way down to the 0.6 FIB level and i don't see us pushing much further if any further, we have heavy support here and aswell as downtrend support coming from our bullish wedge pattern which could give us that nice boost to the upside to kickstart another uptrend! Now looking at the MACD we are slowly but surely coming to what looks like an end to our red cycle with the histogram bars shrinking day after day and coming up on the midline where we could turn bullish! Also considering we have had 2 red cycles on the MACD a mega green cycle could be looming! Now the Squeeze momentum indicator, we are currently in the squeeze release part of this cycle but it seems to be winding down as the most explosive part has already happened, we can notice this by seeing the red bars starting to decrease day after day and ultimately until we push back into bullish territory, this is another reason i think we aren't going to see more heavy downside or anymore at all! Finally the Wavetrend, we have definitely bottomed out here on the WT and we are waiting for that boost from price action for us to reverse into our next bullish wave, we have been sitting in the buy zone for some time now and i think its a matter of days before we see this next bullish wave, which should be a big and explosive one! Keep in mind BTC has a tight grip on the whole market and can most definitely ruin the party especially with BTC dominance still pretty high, but also note BTC.D is in a downtrend and continues to fall! Not financial advice just my opinion!
COINBASE:XTZUSDLong
by JacobR905
4
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 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 / USD - Tezos Ready to go Parabolic?Is Tezos about ready to make a parabolic move? This is its all-time weekly logarithmic chart, and as you can see it has formed a parallel channel that it has tried to break up and out of several times now. It has also bottomed out on BTC pairing (twice), and is one of the few not to gain back against BTC since other alts have begun. Will we attempt and succeed on test number 4, or will the BTC pair continue downward and show us a re-test of the bottom of our logarithmic USD channel? Tezos was lauded for its staking gains last year and is just getting started. Let's see! Here is the BTC pair, showing a potential double bottom, confirmation above the middle of the W, triple bottom also possible if we get around the center of the W and turn back down again:
BINANCE:XTZUSDLong
by dudebruhwhoa
4
XTZ (Tezos) - Key level broken - 40% upside potentialThe market seems to be recovering and moving from bearish to bullish (in the short term at least) Tezos has built up 4 touches on a key level and broken through. It's likely we see a retest before lift off. If tezos grows we can aim for a re-test of the previous high. That's a 40% increase and would be a nice catch. In my opinion Tezos is undervalued compared to other coins and I think we could see real action if the wider market trend starts to accelerate and 40% could just be the beginning. If we fail to meet this rise upward - we look fairly safe at the $3.15 dollar mark and I would expect it to bounce and consolidate here. This is not financial advice. If you enjoyed this analysis please like and follow. Also I'm considering making some videos instead of static analyis and if you'd be interested in seeing these please drop me a comment.
COINBASE:XTZUSDLong
by JamesVitaly
1
XTZ/USDT - end of the accumulation phase +55% potential tradeHello, Traders! Tezos has passed the correction phase and finishes the accumulation phase in the range of $1.84-2.22. Typically, an exit from such an accumulation does not end with a small upward movement, so we have a chance to take part in the emerging upward movement! We can consider entry in the deal in the range of $2,22-$2,28. SL under 2.08 $ Fibonacci levels targets : $2.82 $3.14 $3.46 Good luck and leave your feedback in the comments below. P.S. This is not financial advice, just a trade I would be following myself
Long
by UnknownUnicorn10064030
2
XTZ.USDT (Y20.P3.E3).TA on the Macro StructureHi All, ** This is a additional TA to the previous post on XTZ with BTC pairing ** As we had a strong BTC dominance divergence play out, we had XTZ.BTC price drop and bounce significantly while slowly regaining lost territory. I did this TA against the USDT to see if its still within the acceptable levels for a next wave up. Happily to say, the restests of the previous resistances passed. As per chart, we have one more resistance and after that, open roof. My thoughts: =================================================== > Daily indicators are positive, bullish with convergence and hence stay in the trade > I would expect 2 touches to the resistance and 2 touches to the below support before the breakout otherwise its out. Please give me a tick or like for this post. Regards, S.Sari PREVIOUS POST I have noted that we have price above the yellow key level meaning my TA is still relevant.
Long
by ssari