XTZ ANALYSIS FUNDAMENTAL AND TECNICHAL
What is Tezos?
Tezos (XTZ) is a high-speed blockchain network designed to offer an infrastructure specially adapted for the execution of smart contracts and DApps with low commissions, in addition to working on a blockchain capable of evolving over time without the need for a hard fork that may jeopardizing the integrity of the network.
The Tezos blockchain (XTZ) is a blockchain network designed in order to offer smart contracts with high scalability and with advanced programming options compared to those found in Ethereum (ETH).
Something that this project can achieve thanks to its modular, easily upgradeable infrastructure and the use of Liquid Proof of Stake (LPoS) as its consensus algorithm to obtain high performance. Additionally, your smart contracts can be programmed both in your native language and in other languages, which gives you enormous flexibility in this regard.
Project governance
The governance of Tezos relies on an on-chain structure that allows its participants to propose, select, test and activate protocol updates without the need for a hard fork.
In simple terms, this means that Tezos is a blockchain that can improve itself over time by having a formalized process for protocol updates.
Smart Contracts within Tezos
Another important part of how Tezos works are its smarts contracts. In fact, in this sense, smart contracts are controlled in a very similar way to Ethereum smart contracts. In other words, the actions and their programming have a certain cost in Gas, which must be paid in XTZ tokens, in order for them to be executed.
But far from this resemblance, Tezos smart contracts are programmed in the Michelson language, instead of Solidity as in Ethereum. Michelson is the domain-specific language used to write smart contracts on the Tezos blockchain. This language is stack-based and has no variables. Stack-oriented languages operate on one or more stacks, each of which can serve a different purpose. This allows enormous versatility at the cost of being much more complex to handle.
But in addition to this, smart contracts can be programmed in other languages using an abstraction layer. The first layer is SmartPy which allows programming smart contracts for Tezos using Python. And the second is LIGO, which allows programming in languages like Pascal, Camel and Reason. In fact, the OCaml programming language is the native language under which the Tezos core is programmed.
At this point you will ask yourself, why another programming language? Well, in the case of Tezos, the Michelson language is much more practical. With more power than Solidity, speed, built-in standard data structures, higher decimal precision, and a much cleaner syntax, Michelson is by far a better structured language. Additionally, the ability to use a framework to program smart contracts using other languages, such as the well-known Python or Pascal, offers Tezos a power that Solidity in Ethereum has not reached.
Additionally, the existence of smart contracts enables this platform to create fungible and non-fungible tokens (NFT). At this point, Tezos fungible tokens are compliant with Ethereum's ERC-20 standard, and are specified in the TZIP-7. The same goes for non-fungible tokens (NFTs), which follow Ethereum's ERC-721 and ERC-1155 standards, and are specified in Tezos's TZIP-12. In this way, Tezos can create communication bridges between Ethereum tokens and its blockchain very easily.
Analysis Tecnichal.
The RSI currently has a bearish divergence that has already finished making support. But it does not indicate possible Bullish OR bearish at this point.
We can easily deduce this since it is lateralizing, and the RSI does not indicate a possible rise or fall.
In the first we see a sequence of 8 bearish lines that would be the Bearish divergence seen in the RSI, then 8 bullish patterns that had a decline (This is positive) Since after this there was a bullish candle that could indicate a possible bullish of 9 more candles candles!
This could be said as a Bullish Mitick candle pattern (Don't google it, this is only in books)
Based on Fib we could deduce that we are in a fairly positive zone above 38.2% and 50.0% which could indicate that if we were to test that Fib level again we could start a good bullish rally. Postscript, these types of currencies at 50% and 38.2% are usually quite liquid and go up.
Although it should be noted that a test of the 50-day moving average has also been carried out, quite successful taking it up, if the bulls manage to close in bullish candle patterns, the test of the EMA20 moving average could also indicate a possible bullish
Our MACD indicator had broken down which led to a quite considerable retracement of XTZ, but right now it is trying to go back up, but it should be added that yesterday the bears managed to lower the strength of this attempt but currently the bulls They are regaining strength and this is noticeable in the indicator, which is quite complete and easy to understand.
If we wanted to enter futures, we have to manage our liquidation, our possible liquidation would be a fall of 25%, so using a 4x + Some added liquidity would be consistent. Looking to have the liquidation below 3.6 dollars, although I really doubt enough we will get there and we have the probability of profit of 70%
Currently Tezos in the BTC pair, it sounds like we are in the lowest area, a fall from now on would be a maximum of 40%, so a 2x in BTC pair. But. In reality it seems that it is gaining strength to be able to go find the most obvious resistance. So I really think that tezos could go up and take a better position in the BTC PAR
This on a 1 week chart, so investing in XTZ on Spot is not a bad idea.
In summary we could see a fall to 38.2% at 5.3 usdt, or 23.3% at 4.7. From there I do not consider there is more fall, but at present I consider that it is a good entry point, in 4h chart it sounds quite bullish, I would enter using 2x. At 5.3 and if it falls to 4.7 I would open a 10x Long using only 1% of my capital with a potential profit of 700%.
If the bulls manage to keep the price above 50% fib or the indicated support, as you wish, I prefer support, I think we could start a new bullish rally. Besides that XTZ is an excellent project.
If you decide to invest in spot, go calm in the long term if or if you will reach the goal if BTC stabilizes clearly.
Tezos (XTZ) is a high-speed blockchain network designed to offer an infrastructure specially adapted for the execution of smart contracts and DApps with low commissions, in addition to working on a blockchain capable of evolving over time without the need for a hard fork that may jeopardizing the integrity of the network.
The Tezos blockchain (XTZ) is a blockchain network designed in order to offer smart contracts with high scalability and with advanced programming options compared to those found in Ethereum (ETH).
Something that this project can achieve thanks to its modular, easily upgradeable infrastructure and the use of Liquid Proof of Stake (LPoS) as its consensus algorithm to obtain high performance. Additionally, your smart contracts can be programmed both in your native language and in other languages, which gives you enormous flexibility in this regard.
Project governance
The governance of Tezos relies on an on-chain structure that allows its participants to propose, select, test and activate protocol updates without the need for a hard fork.
In simple terms, this means that Tezos is a blockchain that can improve itself over time by having a formalized process for protocol updates.
Smart Contracts within Tezos
Another important part of how Tezos works are its smarts contracts. In fact, in this sense, smart contracts are controlled in a very similar way to Ethereum smart contracts. In other words, the actions and their programming have a certain cost in Gas, which must be paid in XTZ tokens, in order for them to be executed.
But far from this resemblance, Tezos smart contracts are programmed in the Michelson language, instead of Solidity as in Ethereum. Michelson is the domain-specific language used to write smart contracts on the Tezos blockchain. This language is stack-based and has no variables. Stack-oriented languages operate on one or more stacks, each of which can serve a different purpose. This allows enormous versatility at the cost of being much more complex to handle.
But in addition to this, smart contracts can be programmed in other languages using an abstraction layer. The first layer is SmartPy which allows programming smart contracts for Tezos using Python. And the second is LIGO, which allows programming in languages like Pascal, Camel and Reason. In fact, the OCaml programming language is the native language under which the Tezos core is programmed.
At this point you will ask yourself, why another programming language? Well, in the case of Tezos, the Michelson language is much more practical. With more power than Solidity, speed, built-in standard data structures, higher decimal precision, and a much cleaner syntax, Michelson is by far a better structured language. Additionally, the ability to use a framework to program smart contracts using other languages, such as the well-known Python or Pascal, offers Tezos a power that Solidity in Ethereum has not reached.
Additionally, the existence of smart contracts enables this platform to create fungible and non-fungible tokens (NFT). At this point, Tezos fungible tokens are compliant with Ethereum's ERC-20 standard, and are specified in the TZIP-7. The same goes for non-fungible tokens (NFTs), which follow Ethereum's ERC-721 and ERC-1155 standards, and are specified in Tezos's TZIP-12. In this way, Tezos can create communication bridges between Ethereum tokens and its blockchain very easily.
Analysis Tecnichal.
The RSI currently has a bearish divergence that has already finished making support. But it does not indicate possible Bullish OR bearish at this point.
We can easily deduce this since it is lateralizing, and the RSI does not indicate a possible rise or fall.
In the first we see a sequence of 8 bearish lines that would be the Bearish divergence seen in the RSI, then 8 bullish patterns that had a decline (This is positive) Since after this there was a bullish candle that could indicate a possible bullish of 9 more candles candles!
This could be said as a Bullish Mitick candle pattern (Don't google it, this is only in books)
Based on Fib we could deduce that we are in a fairly positive zone above 38.2% and 50.0% which could indicate that if we were to test that Fib level again we could start a good bullish rally. Postscript, these types of currencies at 50% and 38.2% are usually quite liquid and go up.
Although it should be noted that a test of the 50-day moving average has also been carried out, quite successful taking it up, if the bulls manage to close in bullish candle patterns, the test of the EMA20 moving average could also indicate a possible bullish
Our MACD indicator had broken down which led to a quite considerable retracement of XTZ, but right now it is trying to go back up, but it should be added that yesterday the bears managed to lower the strength of this attempt but currently the bulls They are regaining strength and this is noticeable in the indicator, which is quite complete and easy to understand.
If we wanted to enter futures, we have to manage our liquidation, our possible liquidation would be a fall of 25%, so using a 4x + Some added liquidity would be consistent. Looking to have the liquidation below 3.6 dollars, although I really doubt enough we will get there and we have the probability of profit of 70%
Currently Tezos in the BTC pair, it sounds like we are in the lowest area, a fall from now on would be a maximum of 40%, so a 2x in BTC pair. But. In reality it seems that it is gaining strength to be able to go find the most obvious resistance. So I really think that tezos could go up and take a better position in the BTC PAR
This on a 1 week chart, so investing in XTZ on Spot is not a bad idea.
In summary we could see a fall to 38.2% at 5.3 usdt, or 23.3% at 4.7. From there I do not consider there is more fall, but at present I consider that it is a good entry point, in 4h chart it sounds quite bullish, I would enter using 2x. At 5.3 and if it falls to 4.7 I would open a 10x Long using only 1% of my capital with a potential profit of 700%.
If the bulls manage to keep the price above 50% fib or the indicated support, as you wish, I prefer support, I think we could start a new bullish rally. Besides that XTZ is an excellent project.
If you decide to invest in spot, go calm in the long term if or if you will reach the goal if BTC stabilizes clearly.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.