XTZ update: strong pressure upwardsRSI is well over 50 and moving up. MACD shows upwards pressure on 1D, 4H, 3H and 2H time frames.
BTC XTZ pair shows strong upwards pressure. The crypto market is in a downward move across the board, but XTZ has been traded differently over the past several months, so XTZ trading differently now is not a surprise.
Still bullish, and still expect price to move to 4:50 -> 6.00 -> 8.00/9.00 over the next few weeks.
XTZBULLUSD trade ideas
Über bullish on XTZHello people! I made a rough call in my last post and perhaps was a bit too bullish. I managed to leave however with a good bit a profit in XTZ from my long and needed to take a bit of a break to regain my bearings.
And as of recent... HOLY... Reno news, Kolibri, Greyscale, Dexter, Opensea, Arthur on the council.
This is probably the most bullish set up of fundamentals and technicals I have ever seen. XTZBTC formed a Cypher pattern which will lead to a momentous explosion on the pair. XTZUSD is on the bottom part of the support channel with a downward resistance line being tested as I write this. The RSI and Stoch are ready to be sent into the stratosphere on the daily.
I used kolibri to take out a margin position with a liquidation real low. I'm ready to ride tezos to 1000. I hope you are with me. Godspeed and Godbless.
Not financial advice.
Tezos 3.5.21Today we continue to use the Tezos indicator as an edge and direction of the overall market. XTZ appears ot have conquered previous resistance as support. This leads me to believe that BTC is currently building out a support level on previous resistance as well. Yes its a trading nightmare as its a range to get your ass chopped into a thousand pieces both to the upside and downside. Most should just be buying and holding. If you are trading enter, exit as quickly as possible and use tight stops. Next test i see for xtz is 4.25 . For BTC i would see a retest of 55k and maybe rejection again back down to 48k. if you are a long term holder great job.
XTZ UPDATE: consolidation continuesxtz price is continuing consolidation and is still moving up. Crypto market took a dip yesterday but is creating a higher low. If upward pressure continues I think we could see breakout in the next couple days.
if price begins to stagnate or move down, we might see test of 3.50 again. With the news of stimulus checks, I think people are optimistic, so I am bullish and expect break up to 4.20 - 4.50
this is just an idea. XTZ 6$I'm still bullish on XTZ.
looking at the mid term, (2 weeks) I see xtz easily reaching 6$. As BTC xtz pair begins to flip, xtz usd will surge. This is currently in process.
the above chart shows strong RSI, and macd moving up. I also see the identical pattern that happened early January when BTC first dipped. I expect XTZ to recover and move to 6$ over the next couple weeks (early march). I see an 8$ xtz price by summer. This will probably coincide with a massive BTC movement to the 100 -200K area.
again, this is all just an idea based on observation and discernment of the current economic state. The dollar is becoming weaker and people are anxious to invest, even blindly. I expect some very extreme movement in the stock market and other markets over the coming months. Personally my goal is to move to silver and real-estate once the next crypto surge completes (btc 100k -200k)
Whats yours?
good luck.
XTZ (Tezos) - Key level broken - 40% upside potentialThe market seems to be recovering and moving from bearish to bullish (in the short term at least)
Tezos has built up 4 touches on a key level and broken through. It's likely we see a retest before lift off. If tezos grows we can aim for a re-test of the previous high. That's a 40% increase and would be a nice catch.
In my opinion Tezos is undervalued compared to other coins and I think we could see real action if the wider market trend starts to accelerate and 40% could just be the beginning.
If we fail to meet this rise upward - we look fairly safe at the $3.15 dollar mark and I would expect it to bounce and consolidate here.
This is not financial advice.
If you enjoyed this analysis please like and follow. Also I'm considering making some videos instead of static analyis and if you'd be interested in seeing these please drop me a comment.
XTZUSD Repeating Long Term Pattern*** THIS IS NOT FINANCIAL OR INVESTMENT ADVICE ***
DYOR and don't take my word for anything.
XTZ is a great project. The project recently cut gas prices on the chain by 75% via the release of Delphi. They are currently working on integrating even more functionality into the blockchain with Edo.
Looks like XTZUSD is about to make up for the overselling and momentum depression experience through the last cycle. Keep on eye on the main lower band and the rising channel pattern.
Happy Trading!
XTZ 2.28.21Can we use XTZ to help us make a decision on the overall market and allow us to tell if a bottom is near? Just for fun. Do not take anything i say seriously and please make your own decisions. XTZ appears to have fallen to previous support and looking like a triple bottom. I still believe we are so close to the bottom
Shorting on $XTZUSD for $2.06ishI think there may be a short opportunity on $XTZ
The stop loss should be above the kijun as shown.
Profit is around the last low $2.06
The R/R seems good for me
The Chiku has a lot of tall structure in front. Hence, it might be hard for the price to rise up. So, the direction is likely down.
The price might just do an E2E and cross the cloud on the bottom.
Also, Super Algorithm (not shown here) is bearish on 1day
Buy Tezos (XTZ)Hi traders.
I think we should take advantage of the pullback in the crypto markets. Tezos looks attractive below the 20 MA
Trade could be closed at recent high or above.
NB: I do not recommend setting a stop loss for crypto asset. Your money will be taken to someone else when it is hit. Only invest a small portion of your portfolio.