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XTZUSD

XTZ Ready For a Leg Up!!Tezo's and most of the market has been feeling the BTC rise and the dominance rise in turn pushing altcoins to the downside, XTZ has actually held up very strong compared to some other coins. We are still comfortably in our ascending channel with us just recently pushing into the lower half. Looking at the bollinger bands we are actually sitting right on that midline which is currently support and holding us up, im looking for a daily close above this level tonight and hopefully a bit of a pivot off of here, aswell the bands seem to coming in and could be starting to squeeze down on price action, if this happens we will likely see some sideways movement with momentum building up stronger and stronger each day until we have an explosive move in either direction. Keep in mind BTC is always a huge factor for altcoins so we must watch this aswell. Taking a look at the EMA ribbons we are still moving in the right direction with the green ribbons on top and with some decent separation, if altcoins start to take off to the upside we can likely get a hint from the EMA ribbons by them starting to open up wider and spread out further showing growing bullish momentum! As far as significant support and resistance go we are dead center inbetween the 0.3 FIB (Resistance) and the 0.5 FIB (Support) i think it is likely that before we move another leg up we will probably go to test that 0.5 FIB level and my thoughts are that we will hold it, unless of course BTC crashes the party. Now the RSI, as i always talk about the midline is a very key level, not only does is act as support (Currently) it signals the overall trend we are in, if we remain above this midline we are still considered in a confirmed uptrend, but if we fall below and fail to get back up and above we will be considered in a confirmed downtrend whether its a short term one or longer term one, i would say shorter term is the most likely option as i believe this bullrun is not over for alts. But we are seeing a curl to the upside slightly above this midline and its looking like we could actually hold here going into daily close, and like i said before if we can hold onto the midlline on the BB aswell, we are looking very good! Not financial advice just my opinion!
COINBASE:XTZUSD
by JacobR905
6
XTZUSDT a Descending wedge and time to open!/Trading StrategyBYBIT:XTZUSDT 1H trend chart In this trading strategy, I'll provide 2 types of open timing for aggressive and conservative traders, respectively. - We modify the patter as a descending wedge from a triangle (refer to last analysis) Price suddenly plunged while ETH falling, but it formed a good wedge. In the meantime, price hit Vegas tunnel_576ema, and rallied back to 12ema rapidly. Also, Fib(0.382) showed a strong support for price. - So here is our first timing to open position, and trading strategy as below. - *Notice the resistance from upper trend line =>Based on this resistance, conservative trader could wait for the break-out of upper trend line. - Profit Targets: a) 9.166----Fib(1) b) 10.187~10.599----Fib(1.272~1.382) c) 12.918-----Fib(2) Stop losses: a) 6.847----Red horizontal ray - If you like this analysis, give it a like and leave a comment below to share your perspective 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
3
XTZUSDT Keeps convergence and time for entry!/Trading StrategyBYBIT:XTZUSDT 1H trend chart - A strong support zone was formed from long-term neckline, and it really seems effective for price while falling. Moreover, a downtrend line keeps price converging and gradually forms a triangle. Now, direction is still unknown, but if the upper downtrend line can be broken out, trading strategy as below. - Profit Targets: a) 9.166----Fib(1) b) 10.048~10.405----Fib(1.272~1.382) c) 12.409-----Fib(2) Stop losses: a) 7.152----Red horizontal ray - If you like this analysis, give it a like and leave a comment below to share your perspective 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
2
Tezos (XTZ) breakout from cup and handle: +70%Bitcoin made its move and yes I shouldve sticked with my original analysis of the TOTAL2 cup and handle; which did work out like predicted. The last dump did throw me off a bit but its not a big deal, we did not miss out. We just missed out on BTC and a bit on ETH. XTZ (and most alts) are yet to move and XTZ will break its ATH soon and has a breakout target of well above 10$ per coin. Tezos has strong fundamentals, technology and is increasingly popular: could we see a Solana-type run for Tezos? We need to clear ATH for that and we are in full on price discovery! IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
COINBASE:XTZUSDLong
by cryptobullethbtcxlm
2
Tezos XTZ is challenging his lifetime resistanceXTZUSDT reached a new ATH at 9.171, and was fall sharply to 7.2. Look at the XTZBTC chart you will see a 3-year trend line play as a resistance which stopped XTZ from going higher. I can't tell you when XTZ will break this line. But this pattern reminds me of Bitcoin price action back in late July 2020: After Bitcoin broke-out from its 3-year resistance, it went up 6x within several months, and is still in uptrend. As I as before, we have never seen a REAL pump on Tezos before. It is in accumulating for years. Watch closely on XTZBTC. When it breakout, it is a must-buy. NFA. COINBASE:XTZUSD BINANCE:XTZUSDT BINANCE:XTZBTC
Long
by RidingBubble
Calling the top for $XTZ here.Calling the top here for Tezos. Have been looking at this WXY pattern since last year. Still playing out. Looks like it could have topped here with an elliott wave WXY pattern. It hit the 1-to-1 fibonacci extention of wave (W). My idea is that this would move up from the bottom looks corrective. Might be the reason why it pumped very slow as well. It didn't had real explosive pumps. Back to 50 cents possibly. Also interesting to watch: "Arab Bank Switzerland announced Tuesday that it will integrate staking, trading and custody services onto the Tezos blockchain’s native token (XTZ) in a bid to provide a digital asset envieonment for institutions, corporations and high net-worth individuals. "
BITFINEX:XTZUSDLong
by Tradinator_
8
XTZ Going for ATH!!!Tezo's has been really showing its strength as a project as of late and personally i think a lot of big players and even retail players are really starting to realize its potential! We are looking extremely bullish and have been making some nice gains lately, we have been pushing upwards in this ascending channel since back in July, we currently have exploded upwards out of the channel taking out key resistances along the way! Really interested to see what XTZ is going to bring once the Altcoins really start to pump hard, would be foolish to disregard Tezos as a potential front runner once we really start picking up momentum! Whats even more exciting is that XTZ is only aprx 50% off its ATH and you guys know what comes after the ATH... PRICE DISCOVERY MODE!! First looking at the high and low pivot levels, we are very nicely sitting above the most recent high pivot level and a close above here tonight would be very key and add to the already massive bullishness, and in regards to our next major resistance level i would say we are set for the 0.2 FIB (FIB retracement is drawn over all time) we might hit a couple weaker resistance levels on the way but how XTZ has been moving i wouldn't see us having much trouble blasting through! Also keep in mind we had some huge bank news today regarding XTZ once again adding to the bullishness. Now the Bollinger bands look very nice we are starting to take a ride up the top band and we are only on our 3rd candle, usually big ride ups on the top band can go on for upwards of 5-6 & even 7 daily candles. Something we want to see on the bollinger bands is for that midline to start heading in the upwards direction, this is additional layer of support and will help keep us from falling. Now the MACD looks very good we are seeing increases in our histogram day after day and they aren't very small increases they are on the bigger side compared to normal, showing us the rise in bullish momentum.We also notice big big separation in the MA's with the blue starting to fly to the upside and the orange lagging behind, would definitely like to see this continue on as it lessens the chance of us having a near bearish cross, with big separation price action can afford to have a day or two cooldown without actually getting a bearish cross or close to bearish cross, and likens the chance of us seeing a double green MACD cycle! Not financial advice just my opinion!!
COINBASE:XTZUSDLong
by JacobR905
3