Tezos
Tezos XTZ - 6h. Buyers Ready to Storm $7.25-7.7The beginning of the week on the cryptocurrency market turned out to be not entirely pleasant. Tezos is no exception. During Monday, the price of XTZ fell 16% . For comparison, the price of BTC fell by almost 10%, the price of ETH - by almost 12%. If we compare XTZUSDT to the most powerful coins in the crypto market in terms of dominance, buyers kept the price quite powerfully. Our previous idea worked halfway through. Buyers failed to hit the mark of $10 without a deep correction:
Looking at the nature of the fall in the price of XTZ and its stop, we slightly adjusted the liquid price zones. Thus, the chart shows that:
- major buyer support is in the range of $5.5-5.85.
- Problems with the continued growth of the XTZ price begin to arise in the range of $7.25-7.7.
If you look at the 6 hour timeframe , you will notice that buyers failed to take control of this range for the fourth time:
By the way, the fall on May 10 was quite natural. Please note that the correction in the XTZ market started earlier - on May 7. It was after the sellers dropped the price below $7.25-7.7 that we saw a new impulse for the fall.
However, the price of XTZUSD continues to move in the local black growth channel . In addition, yesterday's close of the daily candle is encouraging to think that the fight for the range of $7.25-7.7 is not over. The main signal for the continued growth of the Tezos price to $10 will be the retention of the local level of $6.66. In our opinion, from this mark, buyers will begin an assault on the critical range.
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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We do not consider the alternative scenario until the price of XTZ is above the range of $ 5.5-5.85.
Tezos (XTZ) - May 12Hello?
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(XTZUSD 1W chart)
(1D chart)
We have to see if we can ascend above the 6.98468499 point.
If it falls, we need to make sure it is supported at 6.02427542.
If it falls at the point of 4.94056772, a Stop Loss is required to preserve profit and loss.
However, you need to trade carefully as you can touch the 4.11994017 point and go up.
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(XTZBTC 1W chart)
(1D chart)
We have to see if we can get support at the 1237 Satoshi branch.
If you fall from the 1103 Satoshi point, you can touch the 983 Satoshi point, so you need to trade carefully.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
XTZUSD Tezos 1D Respecting Upper Resistance and Lower SupportI believe Alt season is still upon us until we see a turn below a very strong support level. Despite the lack of news and glamour for Tezos, it still has legs. Tezos appears to be one of the few alts this season that has not yet really had a breakout to 3x and higher going back as far as October and November. Since that time, ADA, LTC, ETH, BCH, DOT, UNI, XDG, and XRP have all atleast gone 3x or further. Exposure to some of those other alts would have been a good move in addition to Tezos. I am long in those other alts as well as Tezos.
Based on the trend of Tezos, we seem to be bouncing between the support and resistance lines upward. I wouldn't necessarily take any action now either buy or sell, but wait for further entry in the buy zone and look for opportunities to sell in the sell zone. We could see Tezos in the next 3 weeks go down to $4.98, don't panic unless the daily closes below that, use that as an opportunity.
I hope this helps
Note:
Due to unforeseeable events that may occur due to twitter , bitcoin news, SEC, Pandemic's, or huge moves in bitcoin , don't hold to this chart. This is purely my analysis of what I think might play out. I've been right and I've been wrong, due your own due diligence. I'm not a professional trader, but someone trading in this space for several years. If you like my analysis or what I'm doing, give me a like.
XTZBTC - Next entry! Not a financial advice - This is my trading diary ! It helps me think about my ideas.
While the bull market lasts, dips are for buying. I would be accumulating more XTZ and expecting it to test higher levels.
Tezos can still give some gains. It is currently at important weekly levels with some fib confluences.
#xtz #tezos #tradingidea #crypto
MY MINIMALIST CHART ANALYSIS FOR $XTZ$XTZ TEZOS ON A DAILY CHART
5.10.21 1058H +8 PACIFIC
MY PRACTICE MINIMALIST ANALYSIS
ENTRY AND EXIT POINTS FOR A SWING TRADE
USING RANGE BOXES AND FIBS (NO INDICATORS)
Note:
Run your Fibs to verify
price action corrections and extension
levels. The Range boxes by themselves are
used as confluence to The Dynamics of
the Market.
Check pattern formations and candlestick
formations if you wish.
This is not a piece of financial advice.
I am just a student and still learning.
Adjustments will be made in
accordance with The Dynamics of the
Market along with Trading Psychology.
Postings are most often delayed, as it
takes time for me to finish several
assets in my portfolio.
Updates will be posted religiously if time
permits.
TEZOS (XTZ/USDT) - Potential BullHi All,
New to Tradingview, never have published any charts before, so i though i would take a shot with Tezos.
Bullish Scenario:
- Potential Cup & Handle on the 4 hour.
- Falling wedge (possible handle).
- MACD on the 4 hour bull has a bullish divergence (signaling a bullish cross).
- RSI on the 4 hour has been stagnant (sitting around 50).
- Still above EMA's on the daily chart.
- If volume increases, a break out of the falling wedge is likely.
Bearish Scenario:
- BTC dumps dragging most of the market down with it.
- Everything is the market has had a decent run up as of lately, possibly overheating,
- Daily RSI has a bearish divergence (sitting around 60).
- Daily MACD has a bearish divergence (signaling a potential bearish cross).
- Needs more volume.
To Long or not to long?
Short term targets if bullish breakout occurs - $7.3832.
Long term targets if Cup & Handle play out - $8.41 and above.
If dump - looking at support around $6.24 or even lower at $5.79.
Trade wisely and keep your eye on Papa Bitcoin.
Thanks! :)
XTZ Token Final Call, Rocket Is Ready To LaunchXTZ token price traded at $7.77 with a gain of % over recent 24-hour and an increase of % in the weekly period. Besides, XTZ price action is way above the EMA Ribbon, leading to soaring in future trading sessions. In contrast, the market capitalization increases to $5.85 billion. Technically, investors can see testing at the resistance of $7.78. The Stochastic RSI index features a flat slant and values in an overbought region. Additionally, the price movement can be above the resistance of $14 in future trading sessions.
Resistance: $7.80, $10.0, $12.35, $14.50
Support: $3.90
Update: Tezos continue up to $7.70 USDWe're in profit in Tezos. Congraluations. My entry was perfect!!!
Now, I put a break even in the entry price that in the second time, we re-entry in Tezos. My entry was around of $5.75 USD. I move the SL at $5.70 USD for just 5 cents. But we're in break even cut the loss.
s3.tradingview.com
Now, in Daily timeframe, Tezos explode!!! For that, we're bullish, we can to consider to entry in the second trade in the support of $7.70 USD. but we hope. At the moment, I'm in Ethereum and in profit both in these trades.
Tezos (XTZ) Massive Jump Coming Soon...Here we have another one of my original, and also classic, signal.
The black line on the chart stands for MA200, again, and this one is trending down strong.
As MA200 trends down... Prices trend up.
We are likely to see XTZBTC Trezor trading pair starting to grow.
Above MA200 we go super bullish with the doors open for strong moves, 50%, 100%, 200% and more.
Below MA200, we can see additional consolidation, even a another retrace before prices go up.
The markets are always changing... We can see a break of MA200 today or it can take 3 days, 1 week or more... It all depends on the daily candle close, the entire market, Bitcoin and all the factors that affect these markets.
Since prices can go down just as they can go up...
When we are trading, we simply set our targets, buy and hold.
If prices go below our stop, we close at a loss... :(
But if prices go up, we collect the profits and enjoy... :)
We don't do anything in-between.
There is nothing to do ever... We simply wait!
If you are patient, later you can enjoy the results.
We are in the green on this one.
Thanks a lot for your support.
Namaste.
Tezos is going to the moonBINANCE:XTZUSDT
KRAKEN:XTZUSD
BITTREX:XTZBTC
pixiutrades.files.wordpress.com
Tezos has been consolidating for a long time. It has completed the first 7 steps of a typical Jesse Livemore's pattern. There will be a huge leg up.
Fundamentally, the ecosystem of Tezos is enriching. Tezos NFT marketplace hicetnunc.xyz is drawing a lot of attention. Soon there will be a third DEX on Tezos -- the TezosSwap (previously we have Dexter and Quipuswap). It's said yield farming will be listed on TezosSwap. Let's see if Tezos will follow the path of Solano and BSC system.
As a major player in smart contract public chain, Tezos market cap is caught up by a lot of new comers. But it belongs to the Top 10 coins.
Top target is 100x from its very bottom. So I'm expecting 50 usdt or more at the peak of bull market.
Alert: Tezos confirm this shoulder head shoulder invertedI entry in the market price in Tezos, I know clearlfully that Tezos go back to $7 dollar I see that Tezos it's sound interesting, I entry in Tezos right now, becuase this trade could to bring us a good profit at $7.70 USD. You can to entry in Tezos right now and put a long position until $7.70 USD and the SL will being $4.90 USD.
So guys, we see a shoulder head shoulder inverted, and break out this neckline and if you check the Daily chart, and looking the price action, the yesterday candlestick closed up extremely bullish, look below:
s3.tradingview.com
For that, I will going to entry in Tezos to long position until $7.70 USD
And guys, I have a surprise for you, I decide to move all my Ehtereum trading account to Dogecoin trading account in Simple FX and in some minutes, I will going to explain whey I make it. I just move until 10,000 Dogecoins that I convert in Ethereum to accumulate Dogecoin, until reach the 100,000 Dogecoin, I decide to withdraw to use and invest in Cardano, also notice that Dogecoin could to growing up than others cryptocurrency, i will going to discuss it why. But if you're interesting, you can to open up a Simple FX account broker to fund your Dogecoin to make trading, I thinking that making trading and get proits in Dogecoin plus the price continue ascending to up, I can to buy more Cardano like 50,000 Cardano coins thanks for Dogecoin to make trading. For that, this will be an exquisite huge profit in Dogecoin. For that, I decide to pass just 10,000 Dogecoin to accumulate much more.