$XTZ/#BTC [#Tezos]: Resistance_Breakout_Confirmation◳◱ We've detected a Resistance Breakout and Confirmation on the $XTZ / $BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are at 0.00005055 | 0.00005207 | 0.00005607 and the major support zones are respectively at 0.00004655 | 0.00004407 | 0.00004007. We may consider entering a trade at the current price zone at 0.00005032 and targetting higher levels.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00005032 ₿
▣ 24HVol: 29.760 ₿
▣ 24hChng: 4.681%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00005055 | 0.00005207 | 0.00005607
◢ Support: 0.00004655 | 0.00004407 | 0.00004007
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.62 - Bullish
▣ Reddit sentiment score is 0.52 - Bullish
▣ In-depth XTZBTC technical analysis on Tradingview TA page
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Xtz
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
XTZBTC - Ranging in Channel, Moving UpwardTEZOS has been trending top to bottom in this descending channel for a while now, and we've recently tested been rejected by the lower edge once again, back to the top edge we go!
We've got a Buy signal from CTv2 to help confirm the upward move and should be able to lock in a good 15-20% on this one.
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
✴️ Tezos Perfect Prediction | What Comes Next?Here is the chart for Tezos (XTZUSDT) from December 10, 2022, going perfectly as predicted...
Not trying to brag or show off, just sharing this to say, if we can predict the bottom, we can also predict the next wave up.
Brace yourself... Cryptocurrency is about to turn wild, crazy, amazing, profitable and extremely fun.
Namaste.
Entering the price correction wave?XTZ continued its price growth last week. The support of buyers has caused the resistance of the range of 0.86 to 0.90 dollars to be broken. Hitting the two important static and dynamic resistances in the range of $1 to $1.05 had a negative reaction, and has caused the price to stop below this resistance. If the support of buyers can break this resistance, we can expect further price growth to the resistance range of 1.22 to 1.36 dollars. But if the negative reaction to this range causes the price to enter the corrective wave, the support that can be considered in the demand area ranges from $0.86 to $0.91. Of course, the support of $1 has prevented the price from returning several times in the low times. In the weekly time frame, two strong bullish candles signify a fake break range of $0.90. Therefore, the return to this area is followed by support again.
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 vs Bitcoin Hit Bottom | 45% To 135% Bounce PossibleIf you've been following, you know that altcoins printed a major low/support in May/June/July 2022... This low is being mostly followed by a higher low in Nov./Dec. 2022... This is not the case for Tezos (XTZBTC).
Tezos hit a low in May 2022, before many other altcoins/pairs, and after a long consolidation phase it broke down and went lower, hitting a lower low which make this chart setup much better for those who trade.
A higher low is good, it is a great bullish signal.
A lower low in this type of scenario, at this point in the cryptocurrency market cycle is even better, because all the weak hands have been removed, the sellers are fully exhausted...
So, while the pair that hit higher lows will move ahead, the pairs that hit lower lows like Tezos can actually grow for longer because of less weak hands.
The lower low resulted in a "V" pattern which is a strong recovery signal.
The RSI went oversold but is now leaning toward strong.
Remember, a strong RSI at low levels is a heavy signal, it means that prices growing next are more likely than not.
The targets are marked green, this is true across all charts to make it easier for you.
The support levels are marked blue, always, across all charts as well.
We have 45% easy target to start, followed by a peak of 135%... There can be more but we go step by step.
Namaste.
#Tezos drops 63% in 6 Months, XTZ Bearish Below $0.83Past Performance of Tezos
In the second half of 2022, Tezos lost 63 percent, further heaping pressure on buyers. At spot rates, XTZ is not yet out of the woods, just not yet. Looking at the performance in the daily chart, prices are bouncing from the middle BB, a dynamic resistance line. This development is generally bearish. As it is, buyers must clear $0.83, surging above the liquidation line with expanding trading volumes.
#Tezos Technical Analysis
Sellers are in a commanding position. Based on the events in the daily chart, every bounce higher could be a dead-cat bounce, a bull trap. Therefore, in light of these events, traders can unload XTZ on every high below the middle BB and $0.83 on the higher end. The immediate target will be at $0.70, the December 2022 low. This trend will only change once buyers drive prices above the 20-day moving average and reverse the losses of December 19. As prices pump, there should be a marked expansion in participation levels to mark interest from stakeholders.
What to Expect from #XTZ?
Traders are cautious about loading on dips since the primary trend is bearish. Although XTZ is up roughly seven percent from December lows, there needs to be more work. Traders can look to unload in the short term, expecting more dumps.
Resistance level to watch out for: $0.83
Support level to watch out for: $0.70
Disclaimer: Opinions expressed are not investment advice. Do your research.
Tezos Correction -90% From ATH | Will Grow For 2+ Years After...Tezos (XTZUSDT) has done a massive -90% correction from its All-Time-High and so far hit its November 2019 low levels.
Just a bit lower and XTZ will be trading at All-Time-Lows...
You know what we love to say; Once we hit bottom, the only place left to go is up.
One final drop and the bear market is over for this pair.
It can go lower to a total of -91 to -93%.
After this last move, painful I know, we are very likely to see higher highs and higher lows for years to come.
Over two years of bullish action... All through 2025 and beyond.
Stay strong, the best is yet to come.
Namaste.
xtz analysis for short or trading rangewe have a strong demand, and price can't pass that
so, we got 2 scenarios:
n.1: break the triangle or flag and pullback than start falling to the strong supp and start point
n.2: make a trading range in this area
we have 2 Pin bars on the demand zone, if the price close under 1.00$ break and pullback so we have a nice short position for reach the 0.81$ target.
XTZ - Potential Inverse Head&Shoulders!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
XTZ is sitting around a strong support zone and round number 1.0 so we will be looking for buy setups.
XTZ is forming an inverse head and shoulders pattern but it is not ready to go yet.
For the bulls to take over, we need a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, XTZ would be overall bearish and can still trade lower.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
An update/followup on the tezos inverse head & shoulder pattern Much like the algo chart, tezos has formed an inverse head in shoulders inside a slightly bigger inverse head and shoulders and now has 2 necklines which means 2 breakout targets. Still developing for now but it appears the it is confirming the first pink neckline as support here. *not financial advice*