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XTZUSD trade ideas

XTZ - Tezos Tightening UpTezos $XTZ has been tightening up and getting ready for a price move. At the moment all technical indicators are still favoring the bears on the 4hr time frame. Consolidation usually follows the trend until proven otherwise. Large buy wall on the level 2 tape at $6, waiting to see which direction this one shoots. Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise. Feel free to give us a follow and shoot us a like for more analysis updates.
COINBASE:XTZUSD
by MannyLo
XTZ About To Pump Hard!!!Tezos has been in a cooloff stage recently after some big gains we have been trending to the downside since the beginning of october but we are starting to look very very bullish everyone! We continue to have success holding onto the 0.5 FIB level and we need to keep that up just like we have been doing for the past daily closes, we are trading and coming up soon on the apex point of this bullish triangle and i am expecting a explosive breakout to the upside! I am thinking if we do get this breakout to the upside the momentum is going to be huge and should carry us all the way back into our ascending channel that we have fallen out of on this cooldown! Lets take a look at the bollinger bands we are trading in the lower half which isn't the best sign but i wouldn't say its bearish, we do need to see a push back up and above the midline on the BB and aswell as the 6.5$ resistance level if we are going to breakout to the upside, also a thing to note is the bollinger bands have been contiuing to squeeze down on price action which tells us a very explosive big move is coming, it just doesn't indicate which way. and thats why we are going to look at the MACD, we are seeing the histogram is getting very very close to the midline an back into green territory and we have been seeing constant declines in the red bars which shows us the bear momentum is fading away, and our MA's are getting very close together and its looking like we could see a bullish cross any day now. This next MACD cycle i think is going to be a very big and bullish one due to the fact that we have had a very stretched out bearish cycle and we have come down significantly and have pushed slightly under the midline, usually after big red macd cycles where we see a big fall like we have just seen a very bullish cycle will follow and thats exactly what im expecting coming up soon! Now the squeeze momentum indicator, we have been seeing a rapid decline in bearish bars which is a really good sign it shows us that this bear squeeze could be coming to an end very soon, all we need to see is a continuation of what we have been seeing for the past week or so...a steady decline day after day until we see a crossover of the midline and back into bullish territory, once we do start to see green bars we want to see the opposite to the red an increase day after day with the green bars growing in size building up bull momentum, the squeeze portion is shown by the black crosses on the midline and the longer we see the squeeze portion play out the way more explosive the squeeze release is going to be shown by white crosses. Thankfully we didn't see an explosive bear squeeze release on this red cycle and keep in mind they don't always happen but when they do you can expect explosive moves! Not financial advice just my opinion!
COINBASE:XTZUSDLong
by JacobR905
2
#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 (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
XTZUSD Buying the fear throughout OctoberThe chart is a mess, but I look at Tezos a lot and don't have time to clean it up and make it pretty, so let's just get to it. XTZUSD is having some serious growing pains, but I am just going to buy the fear all month. I believe the rest of October will be painful as the price keeps getting squeezed lower and lower, bit by bit, probably down to high $5s by the end of the month. During this time, money will flow elsewhere, and people will forget about XTZ for a while. As soon as the money flows back into XTZ later this month or in early November, I expect a big impulse move up to $20. Most traders plan to exit in the low $10s, but there's a decent chance they will get caught off guard by the size of the movement. This is a pretty speculative setup. I am not saying this will happen with 100% confidence, but it's definitely a possibility. As always, let's see what happens.
COINBASE:XTZUSDLong
by swilton
6
XTZUSD speculative handleI bought the fear throughout October, now it's time to see if it pays off. Linear scale this time. I'm speculating that XTZUSD could be forming a nice cup & handle pattern. The standard price target of this chart pattern is measured by the distance between the top and bottom of the cup, which is then applied to the top of the handle at the potential breakout point. That puts XTZ roughly in the ballpark of $15 to $16 if this pattern plays out. This target is driven purely by speculation and traditional TA, no fancy algorithms here. Fundamentals still look good. Macro uptrend is still in tact. I feel pretty comfortable with this trade, but it's crypto so we know anything can happen. As always, let's wait and see.
COINBASE:XTZUSDLong
by swilton