Tezos
Tezos - Looking Very Strong TodayTezos XTZ quick update:
XTZ is still well within the Bullish Zone of the Ichimoku Cloud.
XTZ is above its 50EMA on the daily chart.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating HUGE upwards momentum at the moment.
At the moment XTZ has found resistance from its Ichimoku Cloud Base Line (Kijun Sen)
The Chaikin Money Flow (CMF) is indicating XTZ is about to head into the accumulation zone.
The Moving Average Convergence Divergence (MACD) is indicating that the MACD Line (Blue Line) has curved sideways since yesterday. We need the MACD Line to cross back over the Base Line at 0.0 and back above the Signal Line (Orange Line). Notice that the Red histogram has become lighter indicating increased buying strength.
If XTZ closes this daily candle above its Ichimoku Cloud Base Line (Kijun Sen), then its Ichimoku Cloud Conversion Line (Tenkan Sen) and also back above the Gann Fan 1/1 Resistance Level and eventually turn all of those levels into strong support, then we could be looking at another attempt by XTZ to get back over the Pitchfork Median Line.
I hope this is helpful with your Trading and Hodl-ing 👍🔥🚀🌍🌔🪐🛸👽
XTZ/USDT 1WXTZ weekly chart
In the weekly chart of this currency, it is clear that after an uptrend, it was accompanied by the failure of this uptrend channel and its highest price was recorded at $ 7.6.
We are now faced with two falling candlesticks that have repaired their previous ascending broken channel.
If you keep the high price of this uptrend channel, you can expect a return price of $ 7.6
If you plan to invest in the medium and long term, you can buy and hold this currency in the range of $ 4.8 to $ 5.5.
The long-term target for the XTZ will be $ 7.6-9-12.
Stop this trend at 3.9. In case of failure at this level of the downtrend is decorated.
Tezos XTZ possible bottom consolidationTezos has been dumped en masse for months now vs BTC. Nothing amazing has come out of the project whilst all eyes on ETH.
Traders looking to increase their BTC could look for a 50% gain in BTC if a whale goes on on this.
Tezos (XTZ) - April 20Hello?
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(XTZUSD 1W chart)
(1D chart)
We have to see if we can get support and climb in the 5.24949870-5.24949870 range.
If it falls at the point of 4.11994017, a Stop Loss is required to preserve profit and loss.
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(XTZBTC 1W chart)
944 Satoshi-1164 Satoshi We must see if there is any movement that deviates from it.
In order to continue the upward trend, it must rise above the 1164 Satoshi point and receive support.
(1D chart)
It remains to be seen if it can rise along the short-term uptrend line.
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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: Market price at the time of opening
(Example) Gap (G1-G2)
Hard Pullback and then Moon?Looks like a leading diagonal to me.
I'm seeing this same pattern in a lot of cryptos but at least this one is a leading diagonal. The one on bitcoin is an ending diagonal...
So I think bitcoin will continue to sell off and offer us a chance to pick up some more alts on sale!! :)
Tezos to $9+ Theoretical Would appreciate some feedbackMade From:
Trendlines
Elliot Wave theory
Fibonacci Retracement
Extrapolated from Weekly Charts and Worked inwards to the 4 hourly Charts
Some feedback whether positive or negative would be greatly appreciated always looking to improve my skillset.
Cheers
XTZ - 6h. Ahead of $9 for Tezos?In just 5 days after the publication of our previous idea , the XTZ price reached the target:
Buyers managed to cope with the range of $4.9-5 . Although after the breakdown of this range, the buyers could not hold it, but the price found support a little lower. As a result, on April 4, the price of XTZUSDT increased by about 40% during the day.
It is worth paying attention to the trading volumes, thanks to which buyers were able to renew the high:
As you can see from the chart, the sellers' stop orders helped the Tezos price rise significantly. However, the sellers' attempt to return the price below the critical range of $5.4-5.65 failed. Although, despite the trading volumes, which sellers wanted to regain control of this range, they had serious intentions. The fact that buyers withstood such a blow at the highs indicates that they are serious about continuing the growth of the price of XTZUSD.
At the moment, the XTZ price is trying to break through the range of $6.65-6.95 . If buyers fail to take control of this range the first time, we will expect a local correction to the mark of $6.3 From this point, buyers will be able to continue the growth wave with an ultimate target of $9
An alternative scenario of the beginning of a global correction in the XTZ market will begin after breaking through the mark of $6.3 . The likelihood of this scenario is increased by low trading volumes in the current wave of growth. Considering the situation on the BTC market , where the price moves in a global wedge, XTZ buyers may not have enough strength:
Nevertheless, this is an alternative scenario for now and we expect the growth trend to continue in the XTZ market.
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XTZ and the Elliott Impulse WaveXTZ Day Time frame:
I believe XTZ is entering Wave 4 of an Elliott Impulse Wave. Should retrace some but with EWT, Wave 4 has to respect top of Wave 1, so we should not retrace below 5.50-5.88 price range. (HODL or good BUY opportunity) Once retrace completes we begin the final climb to the top of the EW where some type of Elliott Correction Wave (ABC) will bring us back down.WHERE YOU ASK... I suspect somewhere in the neighborhood of $6.00-7.50 range where we currently are sitting.
Just my thoughts, please share yours!
Thanks for the reads, and likes, and follows!
AND REMEMBER, DON'T CHASE IT, RETRACE IT!
XTZ.USD (Y21.P2.E3).Now is this the beginning of the nextHi Traders,
The story continues and hence an continuation of the previous post.
While BTC is at its final level, it is well known that this type of price action can happen as its known as the shakeout phase before going higher.
Don't sell if your going long term.
As for XTZ, how that shakeout phase works on it is the challenge.
In one way, we have to ignore it and just go with this chart, and the chart says buy.
So how to enter, look for some bullish setup (candle combination as well as the short term indicators, such as the macd, etc) for confirmation.
Good luck,
Cheers,
S.SAri
XTZ.USD (Y21.P2.E2).Now is this the beginning of a PHi Traders,
The story continues and hence an continuation post.
It has the makings of a parabolic cycle and hence I will be tracking to see if this is the case and go lone until it says no.
My plan would to take profit out and let the rest run.
Here is a previous fractal to use as a reference and you decide.
All the best,
S.SAri
PREVIOUS POST
Parabolic foundations
HOLD XTZ .... Tezos in 2 digits soon (+150%)as we can see right now Xtz was accumulating since 2019 and tried 3 times to broke this resistance and it didn't pass through,however from 3 days it managed to break it!
we can be sure that's not a fake breakout as we can see a full bullish daily candle closed above the resistance line and it tested it one time as a support and it worked.
now we have as a strong support we can depends on.
my advice to not lose this opportunity and for holders buy more safely.
✅ Buy: 5.90 - 6.50 ✅
🎯TARGETS:
1- $9.400
2- $12.90 (take profit for 70% -80%)
3- $16.00
💵 Trade Size: 5-7% of Portfolio
🚫Invalidation(SL): daily candle close below $4
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