FTX is Just Another Market Correction: Liquidity and RegulationsI'm sure you've probably already heard the news about FTX so I won't cover everything - but there's a few things we might expect, longer-term, from the scandal this week.
- More Regulations: This incident embarrassed a lot of powerful people as well, so the likelihood of more substantial regulations coming down the pipe is now much higher.
- Increased Liquidity: Lots of people are pulling money outside of crypto right now, which explains why the prices have dropped so much this week, as a whole. (Especially Solana, which took an outsized hit compared to the rest.) But the money is still there - some will leave, but some will come back...hopefully with better research. It may present an opportunity for smaller alts to grow after the dust settles.
The crypto ecosystem has gone through a few exchange collapses already (ex. Mt. Gox) so crypto itself will still continue to press on. But I fully expect for more stories like these to unfold as we head further into the recession - the money printer has run out of ink, after all.
Xtz
#Xtz is in the important Price******* First of all I Should Say Trade with your own Risk*******
XTZ is in the Strong Support Line in 4H Time Frame.
If the Line Support the Price it can goes to the S1,S2,S3
But if it breaks the support Line it can goes deep in the ocean :)
if you see the positive sign you can buy at 6.2 for target 6.6 or 7 in first step.
the RSI Stoch is going to cross from the button.
XTZ/USDT - LONG ----- Welcome, dear followers! -----
- Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns.
- For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me.
- If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero.
- Today's deal is shown in the chart, and here are the entry and exit points below.
-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. --
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⚡️⚡️ XTZ/USDT ⚡️⚡️
Exchange: Binance Futures
Trade Type: Breakout (Long)
Leverage: Isolated (1.0X)
Entry Orders:
1) 1.417 - 100.0%
Take-Profit Orders:
1) 1.543 - 70.0%
2) 1.612 - 25.0%
3) 1.72 - 5.0%
Trailing Configuration:
Stop: Breakeven -
Trigger: Target (1)
XTZ 👀 #xtz #btc #eth #cryptoIn this 1D chart of XTZ I analyzed the chart and there is a falling wedge on the 1D chart but I think its not complete yet cause of absence of volume so I'm seeing it going to 1.236-1.26 and bounce from there. But obviously first let it complete the retest but keep an eye on XTZ cause its actually a very good project in my opinion and can give good profit.
Always respect the stoploss
#Tezos Dumps 35% in 3 Months, Could Slide to H1 Lows of $1.20Past Performance of Tezos
Tezos is down 35 percent from August 2022 highs and remains under pressure. The daily chart shows XTZ prices are printing lower lows, capped within the middle BB, and retesting $1.33. Technically, price action favors sellers in the short term. There could be more liquidation if bears force prices below July 2022 lows.
#Tezos Technical Analysis
Tezos hasn't been spared the uncertainty and drawdown in the broader crypto and financial markets. Overall, the coin is within a bearish trend, below the middle BB, a dynamic resistance level, and $1.46 is a critical liquidation level. XTZ might recover, especially if buyers soak in the deluge of selling pressure. The October 13 bull bar defines the short-term trend. Bears will be in control until there is a confirmation above the middle BB and $1.46. A close above $1.46 may see XTZ rise to September 2022 highs at $1.70. Losses below $1.33 may force XTZ to 2022 lows at $1.20.
What to Expect from #XTZ?
Sellers have the upper hand, but the tide could change if there are above October 13 highs and the middle BB. Preferably, a spike in trading volumes, exceeding this week's average, might reinvigorate buyers, pushing them to new October highs.
Resistance level to watch out for: $1.46
Support level to watch out for: $1.33
Disclaimer: Opinions expressed are not investment advice. Do your research.
🟢 XTZUSDT - 4H (19.09.2022)🟢 XTZUSDT
TF: 4H
Side: Long
Pattern: Double Bottom + Bull Flag
Entry: $1.4329
SL: $1.4010
TP 1: $1.4912
TP 2: $1.5420
TP 3: $1.5831
TP 4: $1.6242
This thing will fly as it's at strong support now.
XTZUSDT 1DThe diary gives us a little more insight into just how narrowing the wedge imposed by XTZ is. The price continues to trade near the base of the wedge, between $1,526 and $1,391. The RSI shows the predominance of buyers, so it is difficult for this wedge not to break up.
We are currently at the median of the Keltner Channel, pushing towards the upper line of the channel. In addition, XTZ is far away from the Ichimoku Cloud, which gives us a preview of XTZ's ascent to the cloud. That's what I'll be looking at right now.
XTZ is a coin based on its own “Tezos” blockchain. It is used in the same way that other cryptocurrencies are used on their platforms, but it is also used to make micropayments on the network and to power smart contracts. As an added feature, they can also be used to vote for the future of the project or to let someone else vote for you.
Validating transactions on the Tezos network is called “baking” and is similar to mining Bitcoin, only in Proof-of-Stake mode. For “cooking”, i.e. validating the transaction on the blockchain and securing the network, users are rewarded with XTZ.
XTZUSDT Long SignalXTZUSDT has made some clear moves in the near-past and it has confirmed the Short term confirmation, which is clearly seen in the chart. It's just a matter of time for it to gain momentum and go sky-rocketing in the upward direction. I am fully bullish on XTZUSDT and currently my setup for $XTZ is as follows:
Entries : 1.21 - 1.40
One time Entry: 1.34
Short Term: 1.42 - 1.52 - 1.60 - 1.72 - 1.85 - 1.94
Mid Term: 2.10 - 2.48 - 2.93 - 3.58 - 4.72 - 6.08
1.08 - 1.02 (Trailing)
Please be aware with your money!
XTZUSDT H2XTZUSDT Even with all the market sentiment worried about the FED's decisions and also the global geopolitical situation, which caused the fall of BTC and that took all the cryptocurrencies with it, XTZ has not lost its accumulation zone that has been passing since September 15, which will probably result in an upward explosion, as the RSI is oversold and completely undervalued. In order to reach its target, XTZ must pass through the resistance imposed by the median of the Keltner channel and the Ichimoku cloud. This should still happen today, as the XTZ is a high-octane coin and always works in considerable volume.