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Tezosusd

Breakout update: Tezos (today) vs. Ethereum (2017)After Ethereum broke through it's initial trading range, price increased by 160% in 5 days. It then fell 45% the next day, but quickly rose back and resumed the bull. In less than 2 months, ETH rose from $22 to $100. Tezos had a similar, albeit less dramatic rise, after breaking it's trading range - climbing 93% over a 7 day period. It's currently down around 25% from it's high yesterday. Will be interesting to see how this comparison plays out over the medium term.
BITFINEX:XTZUSDLong
by m00nsnacks
Breaking out of trading ranges: Tezos vs. TeslaWeird comparison - I get it. But I want to showcase what can happen when something breaks out of a long-held trading range. In the week of December 16th, Tesla broke out of its 2.5 year trading range and has since climbed over 150%, culminating one of the most impressive month and a half runs ever. Similarly to Tesla, this past Sunday, Tezos broke out of its trading range that it held for nearly a year and a half. This idea illustrates where Tezos would be it it followed Tesla's breakout pattern --- roughly $3.50 by the middle or end of March.
BITFINEX:XTZUSDLong
by m00nsnacks
1
TEZOS Pulling back on MACD bearish reversal.XTZUSD has been one of the better performing crypto coins in recent months but at the moment is on a lower high on the 1D chart and is something to be mindful of. Levels to watch: - The 1.8800 Resistance which has been holding since May 2019 and where just recently (December) the price made a double top at. - The Golden Cross that took place in December. - The MACD is turning bearish on a sequence similar to September. Projection: - The current pull back is forming a Channel Down with last week's high being its lower high. We are expecting a decline towards the 1.0800 level which is Support of the last consolidation phase (November). If you like this idea give us a like, follow and share your thoughts in the comments section below. Remember to stay tuned for future technical analysis , news, updates, and more from PrimeXBT!
BITFINEX:XTZUSDShort
by PrimeXBT
4
XTZUSDT formed bullish Cypher | Upto 38.5% bullish move expectedOn Nov 1st I published the idea of Tezos / US Dollar and it produced more than 121% and below was the idea: Now the price action of World's 10th ranked largest cryptocurrency out of more than 2300 cryptocurrencies Tezos (XTZ) has formed bullish Cypher pattern and entered in potential reversal zone and ready to take bullish reversal soon at any time. This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone. Lets have a look on the dimensions of Tezos (XTZ) price action's harmonic move: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci (The exact measuring is 0.446 Fibonacci) and then B to C leg is projected between 1.272 to 1.414 of A to X leg's Fibonacci projection (The exact projection is 1.333 Fibonacci) and final (C to D) leg is retraced between 0.618 to 0.786 Fibonacci projection of X to D leg as required for perfect bullish Cypher and now the price action is entered in potential reversal zone of this bullish Cypher pattern, now we can expect bullish move at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move. As per Fibonacci sequence method we can set our targets as below for mid term trade: Buy between: $1.3655 to $1.2356 Sell between: $1.4677 to $1.7140 So this trade has potential to give upto 38.5% gains. Regards, Atif Akbar (moon333) The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Cypher pattern if you find any flaw or you have any suggestion feel free to share with me in comments section. Regards, Atif Akbar (moon333)
Long
by moon333