Get started

XTZUSD

#XTZ Tezos 1D Chart - Trendline TouchXTZ - follow the trend. It seems that we are at the bottom trend line of the Rising Broadening Wedge. Though these are generally bearish patterns, XTZ may have the opportunity to reach the top part of the wedge next. To increase this chance, I noticed hidden bullish divergence on the 1D chart along with consistent market structure with higher lows. What are your thoughts? Comment below and hit the like please. Thank you! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
BITFINEX:XTZUSDLong
by MillionaireEconomics
5
Tezos: Decision time.Hello everyone, XTZ is coming at a decision point. Will it breakout to the upside or downside? If XTZ breaks to the upside, there is some great upside potential. There isn't all that much resistance until we get close to the ATH, where I expect to get a rejection first. So take your profits between $8 and $9. If we break ATH, we are looking at a price around $11.30, as per fibonacci extension. You can take the trade on breakout, or if you feel like it, buy now. In both cases set your stoploss below the trendline. However, XTZ could potentially break to the downside as well. In that case I expect a retrace to the 200 moving average. Right now that is about $4.60. Strong support is in the $4.20 area which will be great to load up on XTZ. However I do not expect this scenario to play out unless the entire market dips. Edit: I forgot to mention that I would like to see volume pick up for a good uptrend. The volume isn't great right now.
by bronzieplays
1
Tezos (XTZ) a move up to $12 before year-end!Tezos (XTZ) Tezos is one of the fastest growing, security focused, upgradeable and built to last blockchain platforms out there. Tezos is an open-source platform that addresses key barriers facing blockchain adoption for assets and applications backed by a global community of validators, researchers, and builders. By design, Tezos embraces long-term upgradability, open participation, collaboration, and smart contract safety. The platform was built with mechanisms to ensure active community governance and participation. Users can actively participate by evaluating, proposing, or approving amendments to Tezos. This design empowers the type of collaborative innovation that keeps Tezos on the bleeding edge of technology. Unlike Proof-of-Work blockchains like Bitcoin or Ethereum, Tezos’ Proof-of-Stake requires significantly less energy and cost to operate, making it an ideal alternative platform for building blockchain applications that are eco-friendly. From a technical point of view, the price action in Tezos has been outstanding so far in 2021. XTZ started the year at around $2 per coin and we saw the price reaching its mid-cycle top at around $8.45 in the beginning of May, 2021. This represented a mind-blowing 323% return within the first half of the year. Subsequently, XTZ price dropped substantially as part of the broad crypto market sell off that we saw in the May-July period. This basically erased all of the previously generated returns in 2021 as XTZ returned to the $2 range and stayed there for couple of months. As you can probably guess, this was an outstanding opportunity to buy XTZ and build your positions further. The price managed to again appreciate with over 357% in the July-October period this year. We saw Tezos reaching a new all-time high at $9.14 per coin in the beginning of October. Since then, we have seen a rather strong corrective movement within the borders of the upward trending channel that XTZ has been appreciating in. The price of XTZ is currently sitting at around $6.27 per coin, which also coincides perfectly with the large number of various supports lying around there. We have the upward sloping diagonal support (blue line), which has acted as a strong support for the most recent bull run in Tezos, as the price has tested that line 6 times since July and each and every time buyers have come in and pushed prices higher. Next, we have the 5, 20 and 50 EMAs all converging within the $6-6.50 range, which also shows that we can expect buyers to start coming in at these levels. Furthermore, the most recent correction stopped right in the 50-61.8% Fibonacci retracement zone, which historically has proven to be a highly effective tool for issuing a BUY signal during a corrective movement within the trend. Our plan is to open a position around the $6.25 (current) mark and wait for the price to break above the bullish continuation ascending triangle pattern (black line and blue line) that is forming on the daily chart. A break above the $8 could be expected in the next 5-10 market days, which will then open up the door for a push up towards the $12 per coin level. We believe that XTZ currently presents an outstanding opportunity for growth oriented traders and investors to double their money within the next 6-8 weeks. From a risk management standpoint we would place our Stop Loss at around $4.75 in case of a price breakdown.
COINBASE:XTZUSDLong
by DowExperts
3
XTZUSDT - Finally break out?/Trading strategyBYBIT:XTZUSDT 1H trend chart - XTZ has been falling due to the upper trend line. Recently, it eventually broke it out, and can see there is a double bottom. However, should notice there were lots of fake-out on the way down.(trend line needed to be modified) So if price can keep standing firm at $6.792(Fib 0.382) in 1H, trading strategy as below. - Profit Targets: a) 7.687----Fib(0.618) or 7.240(Resistance zone) b) 8.527----Blue horizontal ray c) 9.134-----Fib(1) Stop losses: a) 6.529-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
5
XTZ Ready To Move Up!!Tezos is continuing to move upwards within the ascending channel even though we have seen some decent downside recently, we are still comfortably in the channel and have some strong supports still that are likely to hold us up, we are currently sitting directly on support coming from a little bit ago and then we also have right below us a nice uptrend support line coming from a previous bottom in our ascending channel, not to mention the bottom of this channel is also support for us and then finally a very solid support at the 0.5 FIB level, so as you can probably tell it is going to take a hell of a lot to breakthrough to the downside here especially past the 0.5 FIB level. but what im looking for is an overdue bounce off of support and a rebound to the upside, i think this isn't far off to say at all we have seen incredible price movements from XTZ recently somedays even leading the entire market and coming from some massive news that involves multiple banks! Looking at the bollinger bands we are currently trading in the bottom half underneath the midline and if i had to make a bet of if we will break the supports or breakthrough this midline im choosing the upside all day, we don't have too much resistance to the upside the main two are for sure the BB midline and then the 0.3 FIB but if we see a rebound here soon and some good momentum i don't think we will have much trouble at all smashing through these levels, XTZ has already shocked many investors and people and more institutions are starting to wake up to Tezos potential and overall the great project! Looking at the RSI we have slightly broken below the midline and what we are looking for here is a bounce off of the current support we are sitting on and rebound upwards pushing us back up above this midline so we can retain this very nice uptrend XTZ has going! Now the RMI we also are currently sitting on support and im looking for once again a nice bounce upwards and ultimately get this reversal with the blue getting back ontop of the orange, i don't think we should have much trouble doing so since we have had a decent drop here and we we're a hair away already from getting that bullish reversal and aswell as all the factors i talked about earlier mainly being the many support levels we have! Not financial advice just my opinion!
COINBASE:XTZUSDLong
by JacobR905
1