XTZUSD Buy SignalPattern: Channel Up since December 2018.
Signal: Bullish as the price has rebounded on the Higher Low of the Channel Up to the 1D MA50 while the RSI is replicating a bullish pattern.
Signal: 3.9000 (roughly the previous Higher High and 5.000 (+430% from the Higher Low) in extension.
Previous signal:
Tezossignals
XTZ/USD - bear wedgeon the hourly timeframe discrepancy with the AO indicator.
Indicates that there is no power to continue upward.
on the daytime timeframe, the AO indicator has gone long.
Two shopping areas:
when the exit is up.
or on a rollback to pick up.
rollback down or sidewall likely to unload indicators for further growth.
main resistance zone 2.5$
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
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XTZ/BTC - wait-and-see attitude the level has been under pressure for 19 days.
and a lot of traders are climbing into shorts.
For a safer trade, you can enter after breaking lines (shown on the chart).
the bottom line: waiting position for the shorts.
Friends, thanks for your likes and comments!
Good luck with trading!
XTZ/BTC - Almost it almost doesn't react to the $BTC movements, Published this alt yesterday as well, but it looks perfect today so couldn't ignore one. Bouncing from the mentioned support. Almost it almost doesn't react to the $BTC movements, while many alts are dumping. Targets are on the chart.
Friends, thanks for your likes and comments!
Good luck with trading!
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)
Tezos path to $8.00Volume has increased drastically after breaking past $3.00 resistance last evening --- this is extremely positive as the price decline from $3.99 to $2.50 was on low trading volume.
The recent dip reminded me of the March 2019 dip after Tezos rose from $0.30 to $0.95 and dipped to around $0.60 before resuming the bullish action.
XTZ buying strategy.Hello traders,
Today I am gonna be showing a two buying options strategy for XTZ, one of them is if the price breaks the All Time High with big buy volume, or if the price make an Pullback to test the former resistance as support. The price is bullish so we not short until the price is above this important support level.
On the chart we mark important informations as entry points, and our objective is the last uptrend short term moviment projection.
Please support this publication with your like. You are welcome to follow us on the Tradingview.
Best regard Sandro and Gustavo.
XTZUSDT forming bullish Gartley | Upto 19% bullish move aheadPriceline of Tezos / Tether US cryptocurrency is forming bullish Cypher pattern and soon it will be entered in potential reversal zone insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 1.2072 to 1.1468
Sell between: 1.2544 to 1.3690
Regards,
Atif Akbar (moon333)
TEZOS WATCH (visual demo only)Market may be making some big moves, it is at a point where it usually bounces off the 200 EMA line on the 105 view.
If market bounces off at usually spot, I am not convinced any bounce here will be significant to the upside due to channel formation that should eventually break to the downside in my opinion.
Also a double top formation is another possible prep for a reversal.
Market is new to platforms and typically when an altcoin comes into market and generally heads up, it tends to eventually break down and often to make new lows in comparison to the beginning of it's market cycle.
Watch market closely, if you're in Tezos buy, consider your exit and/or sell entries.
Channel formation best view 12hours.
Best to observe 200 EMA on 105 view to observe market bounce off from this.
Other EMAs in use are 50 and 100.
All ideas are for informative purposes only, trade at your own risk.
Tezos (XTZ) Enters Top 10 Tezos (XTZ) is expanding its presence and popularity, and is on the verge to line up among top 10 coins by market capitalization. XTZ is one of the few Altcoins with a market cap above $1 billion.
Tezos has already climbed by more than 24% since last week, and its appreciation is speeding up, with predictions of new highs in 2020. It looks like the all-time high near 1.8490 will be test eventually as the bulls remain in charge. If you look at the Volume indicator it seems that the market is really behind this move which is refreshing to see in the current low volume environment.
The H4 XTZ/USD chart now is floating above the SMA 50 and SMA 200 curves. Early this morning the price had peaked above the 20-day Bollinger Band, indicating that it was overvalued. But the bears managed to step back in and bring the price back inside the BBs. The Relative Strength Index had kissed the edge of the overbought zone and has now dropped down to 64. Also MACD indicates increasing bullish momentum.
On downside, the first support is at 1.70, followed by the middle Bollinger Bands line at 1.5672.
But remember, that though Tezos offers better short-term gains in comparison to lagging Altcoins, the asset remains risky.
What is your opinion?
XTZUSD W BOTTOM BULLISH SHORTI know I said I'd tried to update with a publication each day; I'll have to politely ask you to hold me to that promise until after the holiday breaks -- $BTCUSD failed to break the ceiling resistance in previous publication however the indicators & hashrates do not lie HENCE the retracement we've just seen back to 7180 R1S2 & Demarke is still in effect; just took a little longer than projected.
I want to focus on ALTS now that we've had a major rally in BTCUSD price action: primarily I've had my eyes on: ENJETH / BNBBTC / TRXXRP (already closed -- check twitter) / BTTBNB (already closed -- check twitter) and now XTZUSD
Without going into too much detail -- W BOTTOM reveals target short on XTZUSD @ $1.65 with a stop listed at $1.435
www.investopedia.com
Source/Ref for more info on M tops & W bottoms (which I've covered in detail in prior publications) but always helpful to provide tools for you to educate yourself to spot indicators rather than just providing forexsignals with no basis.
Additionally, we're seeing a lot more healthy priceaction which I believe is a good thing -- organic growth in market cap / price rather than the rampant volatility from OTC trading / Pump & Dump whaling circa 2016-17.
Remember to always set your stop losses!
Disclaimer
Not financial Advise. Beware of price volatility. All forexsignals subject to change contingent on market priceaction.
-@a1mtarabichi
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