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XTZUSD

Tezos potential bottom? and some broader market thoughtsHello my fellow traders, hodlers and cryptoknights. Here is my little TA and insight into tezos and some thoughts on the broader crypto market. Technicals MACD is still bearish but has been close to flipping bullish for the past couple of days Volume has been declining and 24 hour volume has been very low, but it is looking to be picking up. MA's we are below all dailies but are just above the 50 weekly which held as support during the Pandemic crash (but had wicks below). RSI showing bullish divergence on the 4 hourly Analysis Whether we hold here or go looking for support lower down I believe to be mostly down to what is going on in the traditional markets and whether BTC holds 11k or not. XTZ is currently at a junction of S/R confluence, if we hold here and the bulls come out to play, we will be putting in a decent sized double bottom and macro higher low. Failure to hold here and the levels to look at are : 2.15, 1.95, 1.80 and 1.50 (give or take some cents) Points of potential interest Crypto began to correct before traditional markets and as such led the bearish rally. Over the last few days of bearish volatility throughout the markets, Gold and BTC were quite stable and ETH even climbed. BTC is known to correlate heavily with S&P 500 and at other times other markets, but it also breaks away and does it's own thing when it feels like it, the new kid on the block trends with the herd when it suits it but breaks away as and when it feels like it, so just because traditional markets are looking glum, does not mean BTC will for sure follow. BTC held above the notorious 21 week MA which it did throughout the big bull run, it also held outside of the 3 year pennant that it broke out of in July. Other than all of the awesome fundamentals already behind Tezos, China has adopted the Tezos blockchain to include in its blockchain infrastucture and France has just selected Tezos to be used in its digital Euro experiment. Exciting times ahead. Final thoughts BTC did not go down and close the CME gap at 9600 and as such will have caught a lot of bears trying to close it, on the wrong side of the trade. Regardless of the above thoughts and facts, it is of course possible that bitcoins move up was just a short squeeze and a bull trap, this coming week will be quite telling. There are whale sized sharks in the waters, they are a heartless bunch and care not for you or your dreams, hold on to your bags tightly. Please do not feed the sharks. I am not a financial advisor and any information I offer should be taken as just food for thought :) If you liked or found anything of interest here please like, follow and share your thoughts below. Stay safe, strong and prosperous.
KRAKEN:XTZUSD
by Crypt1cLyfe
Short Term accumulation zone and long term trendWith strong fundamentals in the background as far as news and usage goes (although I don't trade either of those), Tezos has been trading in a common accumulation range before previous spikes up, as you can see by the volume profile and historical movement. While it can break either way or keep ranging, it's maintaining the long term trend line(s) support while ranging. Right now, BTC is bullish, and one possible scenario is that BTC takes a pause and XTZ makes it's move back up to possible resistance around $3ish, since crypto moves in rotations. Must break 2.75 at a minimum first though.
COINBASE:XTZUSDLong
by neoyouaretheone
XTZUSD H2: Detailed trade plan BULLS/BEARS (SL/TP)(NEW)Why get subbed to to me on Tradingview? -TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates XTZUSD H2: Detailed trade plan BULLS/BEARS (SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: XTZUSD 2hour/candle chart review/outlook ::: currently we are range locked ::: mid-term also BEAR MODE ::: ongoing distribution / stuck in range ::: bulls unable to break the current range ::: spells more trouble mid-term ::: 2.75 range highs / 2.40 range lows ::: shorting near range highs makes sense ::: BEARS should get ready to SHORT HIGH ::: we are setting up for another correction ::: final TP bears is near 2.10 (20%+ correction) ::: recommended strategy: SHORT IT 2.75/2.80 ::: TP BEARS is 2.10 ::: higher risk strategy: BUY LOW 2.35/2.40 ::: TP BULLS is 2.75 which is 15% gains ::: SWING trade setup / no fast gains here ::: SHORT/HOLD / do not expect miracle gains ::: SL is 5% max ::: good luck traders! 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9/Combo update: N/A ::: Sentiment mid-term: BEARS/CORRECTION ::: Sentiment outlook short-term: RANGE/MIXED
COINBASE:XTZUSDLong
by ProjectSyndicate
16
XTZUSD to see a slight uptrend(1D) | Lower highs observedMarket in last 1 week XTZUSD saw a slight uptrend after riding the lower band and moving up Price volatility was very high. The market moved ~14.3%, between $2.74 and $2.4 Today’s Trend analysis XTZUSD expected to see an uptrend as the price is trading between midline and lower band with lower highs observed Price at time of publishing: $2.67 XTZ’s market cap: $1.98 Billion Oscillator indicators are mostly neutral. RSI at 41 Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral and Hull MA indicates a buying opportunity Volume indicators saw a decrease in initial candles while an increase afterward with a low value for red candle Price expected to see an uptrend as the price is trading between midline and lower band with lower highs observed. Most of the Oscillator indicators are neutral. MACD line crossed above the signal line with the histogram moving from negative to positive region, suggesting a bullish bias. RSI at 41, below the midline still in the neutral region. CCI is around -33, in the neutral region with an up move. Another interesting point to notice here is that volume saw a decrease in initial candles while an increase afterward with a low value for red candles indicating a shift from sellers to buyers. ---------------------------------------------------------------------------------------- The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles. DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community! - Mudrex
COINBASE:XTZUSDLong
by Mudrex
5
$Xtz hovering in critical zone but uptrend still continue$Xtz weekly dead cross wiped out the bullish scenario for shorter time frame. It is now in accumulation zone. A daily bullish crossover is about to happen which will save it from falling wedge and the downtrend. All over we are still in uptrend. The price may hover between $2.50 to $3.20 for the next 2 weeks. If it gets below $2.50 it will be a buy and won't last longer. As we see all coins get shaken out when $btc moves. If $btc drop $Xtz will drop with it but before that happen we might see the daily cross over and price moves higher approximately $2.50 to $3.20. if that happen we might not go below $2.30. Let's see how it plays out. Today it did excellent against $btc ponzu drop. I see bull step in to save it. We are going to see sell off for next two weeks as price gets closer to 3.20. In the long run I am still bullish. Accumulation right now can be very wise and profitable in the long run.
COINBASE:XTZUSDLong
by shaon45
1
XTZUSD to move sideways(1D) | Price riding the lower bandMarket in last 1 week XTZUSD saw a downtrend and started riding the lower band Price volatility was very high. The market moved ~49.9%, between $3.47 and $2.31 Today’s Trend analysis XTZUSD expected to see a sideways movement as the price after riding the lower band got support from lower band Price at time of publishing: $2.56 XTZ’s market cap: $1.9 Billion Oscillator indicators are mostly neutral. RSI at 36 Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral and Hull MA indicates a buying opportunity Volume indicators saw an increase in recent red candles while a decrease in the blue candles with the decrease in the 20-candle moving average Price expected to see a sideways movement as the price after riding the lower band got support from lower band. Most of the Oscillator indicators are neutral. MACD moving below the signal line with histogram size decreasing in the negative direction, suggesting a bearish bias. RSI at 36, below the midline still in the neutral region. CCI is around -113, in the oversold region indicating an uptrend. Another interesting point to notice here is that volume saw an increase in recent red candles while a decrease in the blue candles indicating a weakening buying pressure. ---------------------------------------------------------------------------------------- The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles. DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community! - Mudrex
COINBASE:XTZUSD
by Mudrex
4
XTZ currently at a historic support. How to play it?While XTZ has disappointed many because it hasn't broken out of this range, it's still been VERY profitable for anyone who traded it. XTZ is currently at a solid support level. I personally entered a long position at 25k sats, a bit premature but I am ready to exit. According to the previous XTZ price pattern, I expect at least 20% up to 47% BTC gains in the upcoming 7-15 days. LONG CASE: Buy @ 25k - 27k sats. TP1 @ 31k sats. TP2 @ 36k sats. SL @ 1D close below 24k sats. SHORT CASE: Sell @ 24k-23.3k TP1 @21k sats. I will post more updates this week on the BINANCE:XTZBTC pair. Feel free to challenge my TA in the comments, the best way to learn is through discussion!
by BlackbirdCrypto