TEZOS (XTZ) - BREAKOUT to 3 usd The small golden coin for today with the possibility to increase to 3 USD.
It's interesting to watch it out coming 72H.
This is an expectation depending on technical analysis and not finance advice.
XTZUSDT trade ideas
XTZUSDTHello everyone, in this analysis I used a moving average weight with a period of 100 and a symmetrical triangle pattern, it is a strong analysis that requires a lot of patience, be successful and professional.
TEZOS - STABLE STABLECOINSWhich is the safest stablecoin?
USDC gained in market capitalization while USDT slipped billions of dollars post UST fiasco.
Stablecoins form a crucial part of the crypto ecosystem bridging traditional currencies and crypto assets. They contribute to more than 90% of the all crypto transactional volume on a daily basis. It has received widespread adoption mainly because of the fact that it is stable (as it is pegged to an external asset in most cases). However, stablecoins has received a lot of flak in the past and has intensified recently since the downfall of algorithmic stablecoin TerraUSD (UST). Market participants prefer the non-volatile nature of stablecoin especially during periods of high volatility and uncertainty where profits from crypto are moved into stablecoins waiting for the right buy opportunity. With Bitcoin (BTC) currently well on track to register losses for the eight consecutive week and the negativity surrounding the stablecoin ecosystem, it is time to discuss the safety of the most prevalent stablecoins in the market. In today’s article, we will analyze the top 2 stablecoins and understand the tradeoffs between them.
Tether (USDT)
Tether (USDT) is the top stablecoin of the crypto market. With a market capitalization of $74 billion, USDT is the most transacted and US dollar-liquid stablecoin making it one of the strongest contenders for the safest stablecoin. According to Tether, it has never failed to process a redemption request for USDT at a value of $1 per USDT token since 2015.
When a depeg occurs, it doesn’t mean USDT is no longer backed by 1-to-1 with reserves, or that USDT peg is lost, or that Tether redemptions are being processed at less than $1 per USDT. It just indicates that selling pressure on exchanges has dried up the liquidity.
In instances where exchange liquidity is too low, investors come to Tether to request a redemption. On May 11 and 12, the price of USDT deviated from its typical price of $1 on a few exchanges. This caused investors to purchase USDT on those exchanges for a discount and then redeem those USDT tokens with Tether on a 1-to-1 basis for a profit.
Since May 11, Tether reported that it has successfully processed $7 billion of USDT redemptions (for 1-to-1 with USD peg) for verified individuals. The size of this redemption has earned the trust of investors and has explicitly shown the capability of USDT to handle redemptions.
USDC or USDT?
During the recent crash post the UST drama, when USDT slipped in billions of market cap, USDC has increased its market cap from $48 billion to $52 billion. Though not a great jump, it shows that USDC might be well on its way to give a tough battle to the market leader and become the most trusted stablecoin during unstable times.
Despite the large number of stablecoins (both asset-backed and algorithmic-backed) available, USDT and USDC have a commanding presence in terms of liquidity, security and market cap. In terms of market cap, USDT is the sole winner but when it comes to transparency, USDC has a clear upper hand.
However, we strongly encourage investors to only use stablecoins for short-term trade objectives and refrain from investing in them for high-risk interest rates. Bitcoin is and will continue to be the safest crypto asset in the market.
Long on TEZOS here,
the FXPROFESSOR
XTZ ascending triangle break upwards. Bullish break, target is $2.2
Overall bullish on the daily time as well.
XTZ Big pump incomingHello Traders!
XTZ has formed a bullish accumulation pattern at the bottom and now it's broken towards the upside.
I am expecting a 38% rise in this bull run.
XTZ Buy limit@ 1.908
Stoploss 1.84(-3.61%)
Target 1, 2.16(+12.8%)
Target 2, 2.36(+23.8%)
Final T.P 2.64(+38%)
Risk management tip,
Use 10% of account max with 10x leverage.
XTZ - Great RR Trade Setup Here we can see $XTZ is fighting the psychological $2 level. It was our old support (green arrow) currently flipped into new resistance (red arrows). Shorting here with the stop loss just above our last 2 highs (double top?) around $2.011 gives us a great risk/reward trade setup for the short term. Good luck!
TEZOS- Updated LevelsOur TEZOS chart shows a promising rebound to 2.998 could be in play.
Price has support at 1.823 that has already been checked, as well as resistance at 2,04. After that level the rise should be able to accelerate.
FOOD FOR THOUGHT:
LUNA's disaster could be good news for Tezos: www.nytimes.com
One Love,
the FXPROFESSOR
TEZOS SHORT TERM BUY BIAS 🌱 Spotted a bullish triangle breakout on XTZUSDT. I'm only taking this trade because the BEAR PRESSURE is weakening. This may be a short term buy before we continue with the down trend. Let's see how this goes.
XTZ/USDT-1D-BINANCEThis is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info
how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody...
i can help you :) all for free, don't worry, BE HAPPY!
#Tezos Stabilizes, but XTZ Is Bearish Below $2Past Performance of Tezos
Technically, XTZUSDT remains in a bear breakout formation despite recent gains at the tail-end of last week. Tezos is trading at near 2022 lows, posting lower lows versus the USDT when writing. The coin is down four percent in the past 24 hours but at near break-even in the past trading week.
#Tezos Technical Analysis
Presently, XTZ is in a tight $0.05 trade range with clear resistance at $2 and $2.6. In the immediate term, the coin has support at $1.5, flashing with 2022 and last week's lows. Since there are lower lows and prices are within May 12 bear candlesticks, sellers may find entries to liquidate, targeting $1.5 in the short term. On the reverse side, sudden flash gains above $2 may trigger demand, pointing to price reversals (XTZ bottoming) and the current consolidation as accumulation. In that case, XTZ may float to retest Q1 2022 lows of $2.6.
What to Expect from #XTZ?
The primary trend is bearish and XTZUSDT below the middle BB. The failure of buyers to build on last week's gains points to general weakness and dominant sellers. Nonetheless, the tide could shift if XTZ floats above May 12 highs, setting the ball rolling for a possible surge to Q1 2022 lows.
Resistance level to watch out for: $2
Support level to watch out for: $1.5
Disclaimer: Opinions expressed are not investment advice. Do your research.
XTZ ascending triangle - close to breaking it, becoming bullishLet's hope XTZ breaks the ascending triangle. The resistance area is expected around 2.2, and the local support area around 1.48. However, let's hope it goes for the best! We love Tezos, and it's currently around its yearly bottom as well.
The chart below outlines are trading indicator which is still in a long phase, however, it should have shorted a while back. This is why chart patterns are useful in addition to indicators!
XTZ at lows - time to buy?There is a lot of potential here as we are near all time low supports, ranging around the ~$1.3 mark. I have outlined the zones in the chart.
The red zone is where there will be a lot of resistance.
Green is the buying zone, and expect volatility here.
The black trendlines are old support lines coming from many years back. It's currently struggling to keep above the lowest line. Once it breaks this going up, it should be face resistance at the other two trendlines.
Is it a good time to buy? Maybe not with your whole bag because BTC crashes are still looming around and it's not showing a lot of bullish strength.
To play it safe, it would be best to buy it when it drops down to around ~1.3 , or if BTC goes past 35.5k.
Otherwise, let's just play it safe and manage your own risk. Leave a comment with your analysis.
#XTZUSDT 3H Chart
Price previously tapped into the major daily demand zone from where it bounced from and it is currently moving up from there. MACD is showing bullish momentum, RSI is neutral but EMAs are bearish. Price needs to break above the previous high at $1.94 for short term bullish confirmation, we would then look for an entry aiming potentially for the major 3h supply zone around $2.8 as a FVG (fair value gap) is present below it which needs to be filled with a major level of equal highs below it so huge liquidity is resting at that area as well which needs to be taken out.
Tezos Snaps back, adds 10% but will #XTZ clear $2?Past Performance of Tezos
XTZ prices are printing higher at spot rates, adding 10 percent in the previous trading day. Like the rest of the crypto markets, the coin appears to be finding its footing after deep, double-digit losses of the past trading week. Overall, sellers are still in control though the tide could change in the immediate term if XTZ prices are sustained above this week's lows.
#Tezos Technical Analysis
Tezos bears have been brutal in the past few trading days. As per the arrangement in the daily chart, sellers are still in control. However, the recovery on May 13, reversing the losses of May 12, may signal exhausted bears. Nonetheless, it should be observed that since XTZ prices are within a bear breakout formation below H2 2021 lows at $2, sellers have the upper hand. Optimistic buyers expecting recovery can wait until there is a comprehensive close above $2 before loading on every pullback lower. Conversely, it would be dashing if XTZ slips below $1.4. In that case, there will be confirmation of the May 9 bear breakout, setting the pace for further losses towards $1, registering new 2022 lows.
What to Expect from #XTZ?
Tezos is within a bear breakout formation as per the formation in the daily chart. The reaction at $2 would confirm whether the bear run is over or the current trend will continue.
Resistance level to watch out for: $2
Support level to watch out for: $1.4
Disclaimer: Opinions expressed are not investment advice. Do your research.
xtz usdt perpihns
==============
entry : market price or 2,126 ( save entry area )
stop loss : 2,059 (3%)
===============
take profit :
-2,158
-2,183
-2,200
-2,218
-2,240
-2,275
xtzxtz has completed a bullish shark pattern on weekly time frame and there is a good chance we might see a reversal from here .
NFA DYOR
XTZUSDT - potential 144%With green lines, I indicated the reversal week and strong impulses main set of positions will occur now, as well as on the breakdown of upward support from the bottom up and consolidation above the rising global support
XTZUSDT AB==CDAB=CD
The AB=CD pattern is easy to identify on charts and consists of 2 equivalent price legs. It has specific Fibonacci measurements of each point within its structure, eliminating room for flexible interpretation. The C point must retrace to either a 0.618 or 0.786 and the BC projection is either 1.27 or 1.618. When the BC projection and the AB=CD completion converge closely and define a small area, the chance of a reversal increases.
The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. A common stop level is behind a structure level beyond the D point. Conservative traders may look for additional confirmation before entering a trade, for instance an aligning RSI value or a specific candlestick pointing at a reversal. TradingView has a smart ABCD Pattern drawing tool that allows users to visually identify this pattern on a chart. There are several variations, based on CD being an extension of AB such as the 1.27 AB=CD or the 1.618 AB=CD pattern.
#XTZUSDT 4H Chart
Price is still ranging in a downtrend and it recently left a freshly printed 4h supply at $2.7. MACD is not showing clear indications, RSI is sold and EMAs are bearish. Price needs to close above this supply and once it does we would look for long opportunities. However if a rejection is seen then we will short and aim lower. Waiting for confirmation.
XTZ (TEZOS) UPDATETwo scenario here... after breaking out of the falling wedge price retested and couldn't continue the bull run hence, breakdown, which turns to a descending triangle.
Right now there's no sign of reversal as volume is absent in the market and price could possibly poke out to touch the weekly support trendline.
Hold while we keep watch and update you on the next move.
XTZUSDT is ready for the monthly support?The price lost the support after the breakout from the channel.
the market had the demand zone on the 2.9$ and now the price could flip the demand zone to the supply zone.
The price had a false breakout from the monthly resistance on the 3.9$ where the price got the liquidity for the bearish impulse.
How to approach?
The price could retest the demand zone as new resistance for the next bearish impulse until the monthly support where the market had the 1.27 Fibonacci EXT level.
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
XTZ | Tezos Clear Bearish TendenciesXTZ has been correcting from its ATH since October 2021. It is like a textbook correction with typical bear market rallies. Tezos is now trading around its main historical support trendline. If XTZ breaks below that, I think we will head towards $2-2.2.
However, given the current level and historical upside impetus from the main support trendline that you can see on the weekly timeframe, another rally is also on the horizon. A break out of the falling wedge would be a first bullish sign. The daily chart would turn bullish once XTZ can again scale above any of the higher dashed white trend lines that acted as resistance in the past.
Considering the volume profile, I tend to lean towards the bearish side on the macro picture.
Let's see how that plays out.
Thank you for your support.
XTZ Prepare your bag - buy zone coming soon.XTZ coming to the buy zones around 2.15 - 2.5.
Sell zones marked on chart.
