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!
Tezos
#XTZUSD Starting To Take Off!Tezos is a self-amending decentralized platform for building dApps. It's similar to Ethereum in a way that both blockchains support dApps built using smart contracts. ... The most notable one is the network's on-chain governance, which allows holders of XTZ, Tezos' native coin, to vote on the network's future direction.
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XTZUSD to see a breakout(1D) | Potential gap up observedMarket in last 1 week
XTZUSD saw consolidation with the price started to ride the upper Bollinger band
Price volatility was very high. The market moved ~39.79%, between $2.814 and $2.013
Today’s Trend analysis
XTZUSD expected to see a breakout as potential gap up observed with Bollinger band expanding
Price at time of publishing: $2.815
XTZ’s market cap: $2.105 Billion
Oscillator indicators are mostly neutral. RSI at 72
Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral and Hull MA indicates a buying opportunity
Volume indicators saw a decrease in volume with price declining while volume increased as price increases
Price expected to see a breakout as potential gap up observed with Bollinger band expanding. Most of the Oscillator indicators are neutral. MACD line moving above the signal line with histogram size increasing in the positive region, suggesting a bullish bias. RSI at 72, in the overbought region indicating a downtrend soon. CCI is around 297, in the overbought region indicating a downtrend. Another interesting point to notice here is that volume saw a decrease in volume with price declining while volume increased as price increases indicating a strengthening buying pressure.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
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- Mudrex
✳️Tezos/USDT (8/11) View + Trading Plan #XTZ $XTZAfter breaking out of the 1.9$ zone, XTZ quickly turned back and closed the 1D candle above the 2$ zone and this is a good sign that the 1.9-2$ zone is very important for XTZ and it can push the XTZ up strongly in this November.
The heading targets will be the 2.5$ and 3.5$ zones
However, if the 1.9-2$ zone continues to fail, there is still a very strong support zone at 1.5-1.6$
📈BUY- LONG
- Buy: 1.9-2$, stoploss if B
📉SELL-SHORT
- Sell: 2.5-2.6$, stoploss if A
- Sell: 3.4-3.5$, stoploss if A
♻️BACK-UP
- Buy: 1.5-1.6$, stoploss if B
- Sell close to 1.9-2$ if B, stoploss if A
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Still Alert on Tezos for the next profits!!!Hello, I make this analysis on Tezos as trading idea for you. So, we see in Daily that Tezos was formed an bullish rising wedge, so I hope a bought approximately at $2.25 USD in the next few hours. So, I will going to continue following this technical analysis, at the moment, it's a trade!!!
So, I decide to add a little bought of simply 500 XTZ. Notice one thing, Tezos it's a good cryptocurrency to invest in long term.
We can to mark this 3 targets to reach in Tezos for our investments. Also, noticed that this proyect it's so curios and so unique in their kind that this crypto it's into my favorite for invest!!!
So, I will going to bought 500 XTZ for long term as contract in my Quantfury App, at the same time that I have NEO and ADA in earning right now for hold by contract to multiply your trading knowing when and where to invest.
So, it's all, if you like this idea, please get me a like and share this idea with your traders and friends.
So guys, I dind't sell any crytpo because if you know, the new ATH wealth transfer it's comming in the next months. For that reasn, I invite you to know the Quantfury app, to invest in crypto as the same time make trading in cryptos.
I invite you also to check my fundamental analysis of Tezos. Remember Tezos it's into my list to invest!!!
Tezos (XTZ) - November 18Hello?
Dear traders, nice to meet you.
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We have to climb above 2.2080 to gain support and see if we can ascend.
If it falls at 2.1072, it is a short-term Stop Loss.
It remains to be seen if there can be any movement to reverse the trend.
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** 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/USDT (Reversing From Support Zone)XTZ/USDT currently trading at $2.12
LONG ENTRY: Above $2.24(Only Enter Long After 1 days candle close Above Resistance level at $2.24)
STOP LOSS ( support): Below $1.75
Resistance level 1(Target) : $2.66
Resistance Level 2(Target): $3.00
Resistance Level 3(Target): $3.86
Resistance Level 4(Target):$ 4.44
Max Leverage: 5X
ALWAYS KEEP STOP LOSS...
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