Tezosusd
XTZ UPDATE-FASTEN YOUR SEATBELTS!!!Hello everyone,
This is an update on my Tezos long idea which I posted about 1 month ago. As you can see, the predicted range for Early January has been hit and will probably be surpassed very shortly (well it is MID January at the moment but we had a little bit of fake news as well as instant trillion dollar valuation dreams concerning the Bitcoin ETF). Tezos has also outperformed both Bitcoin and Ethereum as predicted.
Now you may wonder, how is this random person on TradingView consistently correct on his Tezos price predictions? Am I an oracle, do I have insider trading information, am I from the future? I wish but no... I have been following Tezos for a long time though and in my very unprofessional opinion the point we are at right now is called the "FASTEN YOUR SEATBELTS AND GET READY FOR TAKEOFF" point.
How high will Tezos run in this cycle? I don't know, my personal guess would be around 10-12usd but this is crypto so we never really know. I can however give you a likely scenario for February/March 2024. I believe we will first be retesting the February 2023 highs (1,48 usd) where we may have a bit of trouble breaking through but by that time every smooth brained degen will begin to notice Tezos and start researching it etc. Once we break through the February 2023 highs we will be headed to the August 2022 highs (2,00 usd) and that is where you'll start seeing YouTubers talk about it, its eco-friendly aspect, fast transaction times, potential for gaming development as well as smart contracts implementations which they've always known about (of course). If the market doesn't dump until then this is where Tezos will start getting freaky and where we can slowly start making a little bit more accurate longer term predictions .
AS ALWAYS DYODD AND PRESS THE LITTLE ROCKET BUTTON IF YOU ENJOYED THIS ARTICLE :)
XTZ/USDT Secondary trend. Channel. Wedge. Pivot zone. 11 2023Logarithm. Secondary trend. Time frame 3 days. Horizontal accumulation channel. Formation of the wedge 9 months. Now there is a breakthrough of its resistance. The targets of the wedge and the channel are shown. Also medium-term targets at the exit from this horizontal channel. At the resistance of the accumulation channel be careful and protect the profit.
Now in the moment the price 0.777 (21)
Speculation and Investing. .
ICO 2017 .
5000 XTZ = 1 BTC
After ICO = pamp 11 X (resetting positions).
After 6 years .
2023 5000 XTZ = 0.11 BTC (-9X)
2023 44,494 XTZ = 1 BTC
Altcoins are for speculation and making money on volatility,
not for long-term investment (hold).
Surrender Zone. Mani management.
Several times there was an entry under support to gather liquidity (stop loss). Later, there may well be a return to it (depending on how high the price will be at the reversal) in a relatively short time (final market capitulation) from the trend position (probability of no more than that, which should always be remembered).
Line chart for clarity.
Secondary trend with downward channel (all the decline from the highs + this accumulation zone).
XTZ/USD Secondary trend. Downward channel. Publication 01 2023
Primary trend (entire trading history).
XTZ/USD Primary Trend. Downtrend channel Publication 01 2023
Main Trend 01 11 2023 Price $0.777 now in momentum.
XTZUSDT.1DBased on the given market data, the XTZ to USDT pair is currently priced at 0.861 USDT per XTZ. The four-hour Relative Strength Index (RSI) is at 68.20, indicating that the cryptocurrency is nearing the overbought territory. This could suggest that a price correction might be due soon. The Moving Average Convergence Divergence (MACD) for the same period is 0.017, which suggests a bullish trend.
The Bollinger Bands (BB) for the 4-hour period are at 0.868, which suggests that the market is experiencing moderate volatility. The support levels for the 4-hour period are at 0.829, 0.791, and 0.714 USDT, while the resistance levels are at 0.919, 0.945, and 0.980 USDT.
For the 1-day period, the RSI is at 81.17, indicating that the cryptocurrency is in the overbought territory, and a price correction might be imminent. The MACD for the 1-day period is 0.044, which suggests a bullish trend. The Bollinger Bands for the 1-day period are at 0.887, indicating moderate volatility.
The support levels for the 1-day period are at 0.742, 0.696, and 0.615 USDT, while the resistance levels are at 0.948, 1.030, and 1.142 USDT.
For the 7-day period, the RSI is at 54.83, indicating that the cryptocurrency is neither overbought nor oversold. The MACD for the 7-day period is 55.08, which suggests a bullish trend. The support levels for the 7-day period are at 0.754, 0.652, and 0.596 USDT, while the resistance levels are at 0.956, 1.504, and 2.010 USDT.
Overall, the market data suggests that XTZ is currently in a bullish trend. However, the high RSI values, especially for the 1-day period, suggest that a price correction might be due soon. Please consider your risk tolerance and financial situation before making any investment decisions.
South Korea pumped Tezos!
Overnight, Tezos (XTZ) rose by more than 14% as trading volume in South Korea exceeded its monthly average by seven times.
This also led to the liquidation of about $500,000 worth of positions, after which the value of the coin, as is usually the case, began to gradually decline.
XTZUSD - Upward Move ExpectationXTZ has formed a nice inverted H&S structure however the right shoulder is yet to form. The right shoulder is a bullish act.
I have shown this bullish move with the white bars pattern
Inverted H&S is a reversal pattern and is good for the bulls.
Daily timeframe
Tezos XTZUSDT price is at a critical point, where to go next?Here is the whole trading history of the once quite popular pair XTZUSDT
The XTZ price grew skillfully during 2019-2021 from $0.35 to $9
And then a stable downward trend, which has been going on for more than a year
Now the XTZUSD price is at a critical point.
If buyers can gain a foothold above $0.75 , there will be a good chance of working out the blue scenario. In the medium term, it is the growth to the liquidity zone of $1.20-1.80
If sellers do not meet resistance from Tezos buyers, and the XTZUSDT price is confidently fixed below $0.75, then the next purchase zone is not earlier than $0.46-0.56
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TEZOS - STABLE STABLECOINSWhich is the safest stablecoin?
USDC gained in market capitalization while USDT slipped billions of dollars post UST fiasco.
Stablecoins form a crucial part of the crypto ecosystem bridging traditional currencies and crypto assets. They contribute to more than 90% of the all crypto transactional volume on a daily basis. It has received widespread adoption mainly because of the fact that it is stable (as it is pegged to an external asset in most cases). However, stablecoins has received a lot of flak in the past and has intensified recently since the downfall of algorithmic stablecoin TerraUSD (UST). Market participants prefer the non-volatile nature of stablecoin especially during periods of high volatility and uncertainty where profits from crypto are moved into stablecoins waiting for the right buy opportunity. With Bitcoin (BTC) currently well on track to register losses for the eight consecutive week and the negativity surrounding the stablecoin ecosystem, it is time to discuss the safety of the most prevalent stablecoins in the market. In today’s article, we will analyze the top 2 stablecoins and understand the tradeoffs between them.
Tether (USDT)
Tether (USDT) is the top stablecoin of the crypto market. With a market capitalization of $74 billion, USDT is the most transacted and US dollar-liquid stablecoin making it one of the strongest contenders for the safest stablecoin. According to Tether, it has never failed to process a redemption request for USDT at a value of $1 per USDT token since 2015.
When a depeg occurs, it doesn’t mean USDT is no longer backed by 1-to-1 with reserves, or that USDT peg is lost, or that Tether redemptions are being processed at less than $1 per USDT. It just indicates that selling pressure on exchanges has dried up the liquidity.
In instances where exchange liquidity is too low, investors come to Tether to request a redemption. On May 11 and 12, the price of USDT deviated from its typical price of $1 on a few exchanges. This caused investors to purchase USDT on those exchanges for a discount and then redeem those USDT tokens with Tether on a 1-to-1 basis for a profit.
Since May 11, Tether reported that it has successfully processed $7 billion of USDT redemptions (for 1-to-1 with USD peg) for verified individuals. The size of this redemption has earned the trust of investors and has explicitly shown the capability of USDT to handle redemptions.
USDC or USDT?
During the recent crash post the UST drama, when USDT slipped in billions of market cap, USDC has increased its market cap from $48 billion to $52 billion. Though not a great jump, it shows that USDC might be well on its way to give a tough battle to the market leader and become the most trusted stablecoin during unstable times.
Despite the large number of stablecoins (both asset-backed and algorithmic-backed) available, USDT and USDC have a commanding presence in terms of liquidity, security and market cap. In terms of market cap, USDT is the sole winner but when it comes to transparency, USDC has a clear upper hand.
However, we strongly encourage investors to only use stablecoins for short-term trade objectives and refrain from investing in them for high-risk interest rates. Bitcoin is and will continue to be the safest crypto asset in the market.
Long on TEZOS here,
the FXPROFESSOR
TEZOS- Updated LevelsOur TEZOS chart shows a promising rebound to 2.998 could be in play.
Price has support at 1.823 that has already been checked, as well as resistance at 2,04. After that level the rise should be able to accelerate.
FOOD FOR THOUGHT:
LUNA's disaster could be good news for Tezos: www.nytimes.com
One Love,
the FXPROFESSOR
XTZ/USD shows bullish potential at $1.78Tezos price analysis shows that the XTZ/USD pair is trading in a bullish trend as the market price has surged by over 5% in the last 24-hours. The market price is currently facing resistance at $1.79 however, if it breaks above this level, it could surge to $2. The next level of support is present at $1.68.The Tezos price is currently trading at $1.78.
XTZUSD Comfortable UptrendConsistent higher lows can be seen on the left chart (coinbase)
Each one of these lows provides a unique support level
The uptrend isn't going anywhere
On the right I demonstrate how price is above a confirmed support level
This will lead to a bounce and return upwards
Bullish