XTZUSD trade ideas
XTZ looking for another runXTZ looks to have formed double bottom along trendline and if we can break neckline, we will retest top at roughly $3 and possibly even $3.5
XTZThis next leg up on XTZ should hit my TP around $4 plus. Daily Stochastic getting oversold but fighting to stay in the purple box zone,
H4 looking to start moving towards overbought this should lift the daily & keep elevating the weekly stoch rsi as well. I will close 50% of my position at my TP & keep the rest on free ride for the moon shot whenever that day arrives.
XTZ warms up! $ 3.5-4.5 is comingXTZ is one of the quiet projects but has a lot of development behind the scenes. All chart indicators show Bullish trend. Lets see! My first target would be to see 3.45-3.50
Autocorrelation. Speculative long setupIf you followed my last month's call
then you are welcome! It's been a month and unfortunately XTZ isn't strong enough and got rejected by the center line of the pitch fork. These past days' PA has me scratching my head as the pattern isn't very clear, that is, until I clicked the 3D chart.
Basically, I am looking forward to XTZ repeating May-August fractal and if the idea plays out we shoot up to challenge $3.15 resistance.
This idea isn't really technical but more speculative, but I do have some arguments for bullish bias:
1. The PA pattern highlighted does have a name called Adam and Eve Reversal.
2. I consider $2.28 level a long term support/resistance on the 3D chart and it seems to me like XTZ has defended this level successfully with minimal effort to push the price though, could be testing water on both high and low levels
For this to have a great chance of playing out, we must see XTZ price push up to 2.59 level minimum by Friday close. This way we complete the autocorrelation and form a bottom pattern like in the beginning of August.
2.12.2020 - Tezos (XTZ / USD)Hi Traders!
Today we look at one of the most popular cryptocurrencies and that is Tezos (XTZ). What does the chart look like? For the purposes of this analysis, we will use a daily chart as we want to see the overall trend. Tezos also went through a slump this year caused by COVID in March. Subsequently, it rocketed and fell again. Let's look at the overall structure.
Tezos wrote off up to 78% of its growth, which is confirmed by the value of 0.786 fibonacci retracement. Tezos was quite good to us also in the falling wedge he formed. At this point, several interesting levels met:
1. Support on the daily chart
2. Fibonacci retracement 0.786
3. Turning pattern - falling wedge
You can see the bottom of the chart, and a reflection has come from this level. The chart has currently stopped at MA21, but this should only be temporary. In time, we expect an attack on the new ATH and the upper edge of this great channel. In general, we see a value of about USD 5, which would represent more than 100% growth. However, it is important that we stay in this channel and not fall below the bottom trend line. So the tariff is USD 5.00.
May the crypto be with you!
#XTZUSD Starting To Take Off!Tezos is a self-amending decentralized platform for building dApps. It's similar to Ethereum in a way that both blockchains support dApps built using smart contracts. ... The most notable one is the network's on-chain governance, which allows holders of XTZ, Tezos' native coin, to vote on the network's future direction.
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Tezos 11.30.20Tezos has continue to hold on to a nice range. With a test of 1.80 that i predicted perfectly, it still continues to fill out the 2-3 dollar range. It has previously spend many days in this area and i do not see it staying there very long. More than likely it pops straight up to test 3.50 over the next few months with a pull back to around 3 dollars where it may stay until summer of 21. Overall it continues to be an impressive asset as its lows one in 2019 was around 75 cents. That is still over a 3x so anyone telling you Tezos is doing bad or is a poor crypto simply has no idea what they are saying or simply bought a parabolic run. It would be difficult to lose money in tezos with dollar cost average. It would be easy if you are an emotional buyer who buys parabolic tops.
Tezos (XTZ) - Potential swing longXTZ long term channel
Price has broken back inside and has now backtested the channel as support.
If the bullish market sentiment continues, I expect XTZ to pump back towards the top of the channel, potential profit taking at channel levels.
DYOR, NFI
XTZ/USD IN COMING DAYS!!Hi every one
The price was in the Falling wedge for a long time, and after the Falling wedge broke, the price can rise a lot
Targets : 2.8500 _ 3.3000
Support level : 2.0550
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Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast
Thank you for seeing idea .
Have a nice day and Good luck.
$XTZ - Correction made aswell as 1D MACD flipping + This can be a nice long i have went with a stop loss below the low around 1.77ish, Right now bullish momentum looks good lets see how this plays i will be holding for a long time. Targets can be anywhere from 7$-13$ I will be taking prfoits on the way up and trailing stops. This is just my own thoughts please use this with your own stragety :)
