Tezos - Decision PointTezos is reaching a critical decision point where long term ascending trendline meets shorter-term downtrend. With what seems like the precipice of alt-season, coupled with the strong price rebound and reclamation of said trendline after the at crash a few days ago, I'd expect XTZ to make an upward break and begin posting some strong gains going into 2021. Not to mention the EDO proposal, brigning zkSNARKS (privacy features) to Tezos, is on track to go live in February. Stars aligning.
Tezos
Tezos (XTZ) - December 26Hello?
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It rose while touching the 1.6066 point.
We need to see if it can rise along the uptrend line (2).
It remains to be seen if it can move above the 2.2080 point as it breaks off the short-term downtrend line.
Once supported at the 2.2080 point, further price increases are expected to lead to an attempt to break above the uptrend line (1).
If you get support from the 1.3336-1.6066 section, I think it's a good entry section.
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** All indicators are lagging indicators.
So, it's important to know that the indicator moves accordingly with the movement of price and volume.
Just for 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. Hence, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** CCI-RC indicator is an indicator created by changing the set value from the existing CCI indicator. Therefore, the interpretation is the same as the existing CCI indicator.
** 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 trading. You should trade from a short-term investment perspective.)
XTZ double bottoming on BTC pairAs you can see on the chart, its double bottoming soon. IMO, when its done this is gonna FLY HIGH.
On the USDT pair, its forming that nice 2nd parabolic bowl that we can see on many coins that already pop, especially King BTC.
Bought a bag at 2.30$ and got a buy order for a possible dip at 2.21$.
XTZ Tezos Bullish Wedge To Bullish Wedge RetestMan, sometimes i can be such an idiot :). I noticed yesterday that i accidently posted 3 analysis as a hidden post, then i posted all of them again as a normal post, now i am seeing i posted this one twice as a hidden post :),
One would say, if there was a moment for alts to rally, it would be now with Bitcoins big ATH breakout. But why are most of them barely moving? The big alts like ETH and LTC and a few more did move quite a bit, but i see that many of the smaller ones (didn't check all of them). I don't have a theory on why this is, but as during most rallies since 2019, most of the worlds eyes are on Bitcoin and not on the rest.
So even though the setup is here for Tezos, i honestly don't know if it will play out or not, but there is potential. On the right it looks like a bullish wedge, as long as it doesn't drop below the green box, the wedge is in play. The target of the small wedge is around 2.4. The big question though is, if this small wedge plays out, is it just a small rally until the 2.4 or will we see those old school pumps like we saw in the past? For that, it's important to see it pump past that 2.4 target. So reaching the 2.6/2.7, if that would happen, then more would be possible for the coming weeks/months.
The hidden post:
Previous analysis:
Tezos (XTZ) - December 19Good morning?
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
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We have to see if we can get support at 2.2080 and climb above 2.4821.
If supported at 2.4821, it is a possible entry point to break above the uptrend line (1).
If it falls from the 2.2080 point, it is a short-term stop loss.
We must see if we can break above the uptrend line (1) and touch the 3.3269 point.
The key is whether it can break above the 2.8221 point.
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** All indicators are lagging indicators.
So, it's important to know that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down to interpret the indicators.
** 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 trading. You should trade from a short-term investment perspective.)
XTZ 12h An aggressive buyer appears on the chart, we are waitingIt looks like XTZ has finally started buying back.
In the previous ideas, we wrote that the uncorrected fall of XTZUSDT is scary. However, the buy back began from the zone which we had marked on the chart a long time ago.
Since then, the price has never lowered to $1.78.
Looking at the chart, you can see that for the last month someone aggressively buys out XTZ as soon as it approaches $2.
It is likely that in the coming days, the buy back level will be raised to $2.20.
Growth up to $3.20 is our priority.
The priority and the situation on the chart will change if the price can fix below $2.
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XTZ - Time to close positions - Trend ReversalHi,
There is now 3 targets to close short poistions.
1 is safe and right now.
2 has good luck to happen when we look at the volume divergence right now on this mini ascending channel.
3 is the main support, the best point to close. (the second point of a double bottom in weekly chart).
Then we switch to long position, with a safety stop loss, because the weekly chart is an ascending channel, and 9 time over 10, ascending channel will finish in a breakout from downside. But I think we are on the 3rd movement, we will see that at the 5th one.
Have a pleasant day,
Tezos Rising Wedge Breakdown XTZUSDClear rising wedge
This is a bearish pattern and bearish results can be observed already.
Long term growth potential outpaces the potential 'savings' from selling based on this observation. I advise holding if you are an owner of this coin.
Hence my position on this coin is neutral.
Projection off of Vol Candle x100 Tezos potential ETH DominanceLook at the massive accumulation candle from the March 2020 Dip! That's a lot of buying power.
I'm generally bullish on any coin I believe has interesting and groundbreaking technology. Sometimes I am right and sometimes I am wrong. I know the space is crowded, but so is The Nasdaq.
I really like the Tezos set up for a massive bull run potential.
This is not trading advice.
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!