Tezos (XTZ) formed bit Shark for upto 276% big moveHi friends, hope you are well and welcome to the new update on Tezos (XTX) coin.
On the weekly time frame chart, XTZ has formed a bullish harmonic Shark pattern. There is strong support at $1.80 in the buying zone.
The buying area is too wide therefore I would recommend using $1.80 as stop-loss because here we have very strong support.
Tezosusd
Tezos XTZ - 6h. Buyers Ready to Storm $7.25-7.7The beginning of the week on the cryptocurrency market turned out to be not entirely pleasant. Tezos is no exception. During Monday, the price of XTZ fell 16% . For comparison, the price of BTC fell by almost 10%, the price of ETH - by almost 12%. If we compare XTZUSDT to the most powerful coins in the crypto market in terms of dominance, buyers kept the price quite powerfully. Our previous idea worked halfway through. Buyers failed to hit the mark of $10 without a deep correction:
Looking at the nature of the fall in the price of XTZ and its stop, we slightly adjusted the liquid price zones. Thus, the chart shows that:
- major buyer support is in the range of $5.5-5.85.
- Problems with the continued growth of the XTZ price begin to arise in the range of $7.25-7.7.
If you look at the 6 hour timeframe , you will notice that buyers failed to take control of this range for the fourth time:
By the way, the fall on May 10 was quite natural. Please note that the correction in the XTZ market started earlier - on May 7. It was after the sellers dropped the price below $7.25-7.7 that we saw a new impulse for the fall.
However, the price of XTZUSD continues to move in the local black growth channel . In addition, yesterday's close of the daily candle is encouraging to think that the fight for the range of $7.25-7.7 is not over. The main signal for the continued growth of the Tezos price to $10 will be the retention of the local level of $6.66. In our opinion, from this mark, buyers will begin an assault on the critical range.
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We do not consider the alternative scenario until the price of XTZ is above the range of $ 5.5-5.85.
Tezos XTZ 40% Move to new ATHs
Fib Ext Pull and Fib Speed Resistance Pull
Target .618 and expecting some resistance at this area before a move to the the 1-1 Extension
for fresh ATH and potential continuation .
The move allows for a 40% return , do not FOMO I expect a pull back when we hit the .618.
or even before given BTC potential volatility.
Of course determine your own entry if you cant wait for that potential prospect.
****Please also note that any ALT setup regardless of how strong it is can be destroyed by
aggressive BTC moves *****
Another observation I want to make is that the areas I have highlighted are where pullbacks have
occurred literally around the same time each month . 21 Jan , 23 Feb , 25 March , and 23 April .
Im not suggesting that come the end of May we will see the same but its worth noting and
just a pattern that I noticed had played out throughout this year .
Also each major correction has pulled us into the .382 speed fan resistance or close too it .
Ensure that you have a trading plan with a clear invalidation and SL
Ok well Thanks for reading and any questions pls ask , Like and FOLLOW for more of my content and Analysis .
XTZ Over the next weekGood afternoon, everyone! I am ObsessedMeerkat and I am here to share my thoughts on XTZ's movements over the next week.
First, XTZ is performing extremely well as compared to its previous performance. Second, XTZ's movements are still closely tied to bitcoin's. When BTC dumps, so does XTZ and that is the unfortunate part of BTC being the king.
Third, my analysis. I am not a trader by trade (haha) and I am not educated financially but this is what I think XTZ will be doing in terms of gains over the next week.
At this time, there appears to be a good bit of support in the $5.40 - $5.60 range. People are beginning to notice this coin and its value has increased substantially from even a month ago. Lows are now on par with previous all-time highs. Very bullish chart overall. Conversely, there is also a lot of resistance in the $6.40 + range. This coin is valuable but it is not going full-on face-melting parabola - yet.
The two white lines at the bottom are where I see the most resistance on this coin. The lowest one being a macro-resistance line that is tied closely to overall performance of bitcoin. I think bitcoin will continue to retrace back to its macro-resistance line at ~$40k and bring XTZ with it. Overall this is a good thing .
Why is the price of XTZ falling a good thing? XTZ is an insanely useful token that is rapidly gaining adoption and a price drop to the macro-resistance line will allow for MORE accumulation. Due to the increasing awareness and adoption of this chain, I am very bullish on XTZ overall. XTZ has had more contract calls up to this date (the 8th) of this month than it had in all of February.
The only question in XTZ's retrace is exactly how fast it will happen. A rapid retrace back to support at $5.10 by tomorrow night will provide the greatest window of opportunity for buying large amounts of XTZ before a return to the micro-resistance at $6.80. The alternative is a slow bleed to the macro-support. This is a bad-case scenario where XTZ slowly bleeds over the next three days down to a support line much higher that $5.10, thus reducing accumulation opportunities.
After a re-trace to the support lines, I see XTZ quickly returning to the resistance at $6.80 before smashing through it to $7.60. Either way, if you buy at the lows, you're going to be making money this week.
After this coin breaks the upper resistance, I think we are rapidly approaching the $10+ mark before the end of this month, but I promised I would stick to my views on XTZ this WEEK in the title. We're getting closer to the day of melted faces on this coin, but right now, look for money making opportunities in the moment.
Overall, I am LONG XTZ this week. Currently I'm holding a good bit of liquid in my account and I've placed a buy order at $5.10 in anticipation of XTZ dropping to that support.
What are your thoughts?
XTZ still following the planAs the market is seeing a red day, Tezos follows. Volume is still high though.
- Touching $5.36 resistance turned support
- 50 MA served as support 3 times
- MA's going further apart
- RSI still setting higher lows
Possible resistance @ $6.6, but I expect we can see a clear rally towards $7.30
Do you have a position in XTZ?
XTZ PUMPED, TOLD YA! 👨🚀Aloha
I think I shared XTZ signal at 3.9 for tradingview, anyway
for those of new fellows that dont know XTZ, Tezos is a coin created by a former Morgan Stanley analyst, Arthur Breitman. It is a smart contract platform which is does not involve in mining Tezos coins. It is a coin that promotes themselves on major ideas of self-amendment and on-chain governance. It is an Ethereum-like blockchain that hosts smart contracts. It allows the community to vote and improve its flaws. Any token holder may delegate their voting rights to others in the network. The coin uses a generic network shell which allow different transaction and consensus protocols that a blockchain needs to be compatible..
tg 6.40-6.60-7 sl 6-5.5
bye
Tezos - another proof of stakesezos is a blockchain network that’s based on smart contracts, in a way that’s not too dissimilar to Ethereum. However, there’s a big difference: Tezos aims to offer infrastructure that is more advanced — meaning it can evolve and improve over time without there ever being a danger of a hard fork. This is something that both Bitcoin and Ethereum have suffered since they were created. People who hold XTZ can vote on proposals for protocol upgrades that have been put forward by Tezos developers.
Tezos
XTZ
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Tezos Price (XTZ)
$6.14
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:
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 !!!
$XTZ Buy Zone ApproachingIf you've been following my content, you know I've been following this parallel channel on Tezos since early February.
We're approaching the bottom of the trendline again which I'll be taking a larger position.
I've drawn out what I'd roughly imagine the bounce looks like, with a target buy zone between $3.75-$3.85
Playing an A-B-C-D pattern here, with my buy targets set 50% at $3.80, 50% at $3.75.
My stop-loss will be 5%, set at $3.57.
J.Crypto
XTZUSDT - We bought
I don't see any new entry points.
Below is the link to the signal that was given on March 7.
prnt.sc
Waiting for the take profit.
You will learn the best place where we can trade this instrument at low risk.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade