XTZ 1D In search of a compromise priceThe previous idea work out, though it took a long time, but in the end the targets worked out well.
After a rapid and almost uncorrected fall for 2 months, sellers slowed down.
The price starts looking for an equilibrium value that would interest both buyers and sellers.
In the current situation, a smooth slope is more real, first to the liquid zone $1.72-1.76 and possible a sharp collection of stops to $1.62.
If the price fixes above $2.20 , then the way for growth to the zone $2.45-2.50 will be opened.
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Tezos
XTZ USD channel still holdingThis channel on the XTZUSD pair is still holding. For a larger move to happen in the near term, we need this area to hold. This could ratify this larger channel pattern and would send us higher.
While on the XTZ/BTC pair we can see where RSI has hit it's lower bound every time but 2 it has rebounded. I still think we are poised for a sharper move up in the near time with BTC and ETH being so bullish.
Cheers,
-Sherem
XTZ on the next Bitcoin $250k Peak with three possible pricesXtz on three possible price points going into the next Bitcoin Bull Run 2023. Keep in mind Tezos is a baby platform but with a massive war chest of over $600 million from their ICO. They are a likely candidate like Cardano to displace Ethereum as the number two in crypto rankings. Tezos has brilliant coders/programmers and tackling the STO market which will be a massive shift from conventional Wall Street markets. This is a gem waiting to explode. The three price targets I have her are between $250.00 up to $2,500.00. Please keep in mind that this is only my opinion and I am basing this on the current trendline trajectory that is apparent on this three-year chart.
Tezos (XTZ) - October 11Hello?
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Make sure you can get support at point 2.2080.
We need to see if it can rise above the MS-Signal indicator.
It remains to be seen if it can rise above the uptrend line (1), boosting expectations for an uptrend.
In order to turn the trend, it must rise above 2.5978 points.
If it fails to break through the MS-Signal indicator, the downtrend is expected to continue, so I think split trading is necessary to preserve profit and loss.
We recommend that you refer to the support and resistance points or intervals in this chart while checking whether BTC price has risen and USDT dominance has fallen.
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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 generating profit 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 must trade from a short-term investment perspective.)
Bearish pattern breakdown and support levels to watch out for*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
TEZOS (XTZUSD) Buy SignalPattern: Channel Up on 1D.
Signal: Buy as the price is testing the Higher Low trend-line of the Channel, following a Death Cross, being on the 0.618/ 1.236 Fib aggregate that previously was a buy zone.
Target: 4.500 (Resistance) and in extension 8.500 (Higher High of the Channel Up)
TA very successful on previous Tezos signals:
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✳️Tezos/BTC (28/10) #XTZ $XTZ #XTZBTCXTZ is at the bottom of the previous bullrun, which raised from 1500sts to 4000sts.
So there is definitely a significant buying force here, we can buy with low risk.
📈BUY- LONG Strategy
- Buy in the 1450-1500sts zone, stop loss if the 1D candle closes below this zone
📉SELL-SHORT Strategy
- Sell in the zone of 2200sts, stop loss if the 1D candle closes above this zone
- Sell in the 2400sts zone, stop loss if the 1D candle closes above this zone
♻️BACK-UP Plan
- Buy in the 1200-1300sts zone, stop loss if the 1D candle closes below this zone.
- Buy in the zone of 900-1000sts, stop loss if the 1D candle closes below this zone.
looks like a good time for Tezos to 2x at least :)looks like this is bottom most likely, hitting like whats looks like final bottom support levels, MACD looking like teetering on stepping towards bullish momentum and RSI just playing with levels that i call "zone of change" in this chart. Tezos starting ------ tezosindia.foundation/ --- essentially a Tezos india growth team. also is being used by the french government, french government very friendly with Tezos
----blockchain.news/news/tezos-blockchain-chosen-french-digital-euro-societe-generale-forge ----
and many other things french use it for
XTZ to see down breakout(1D) | Head & Shoulder Pattern completedMarket in last 1 week
XTZUSD saw a sideways movement with the price increase followed by a decline
Price volatility was very high. The market moved ~11.24%, between $2.268 and $2.038
Today’s Trend analysis
XTZUSD expected to see a breakout downtrend as the Head and Shoulder pattern is completed with the volume confirming the pattern completion
Price at time of publishing: $2.0977
XTZ’s market cap: $1.569 Billion
Oscillator indicators are mostly neutral. RSI at 42
Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral and Hull MA indicates a selling opportunity
Volume indicators saw a decrease in volume with price increase while an increase in volume observed with a price decline, with the total volume being below the 20-candle moving average
Price expected to see a breakout downtrend as the Head and Shoulder pattern is completed with the volume confirming the pattern completion. Most of the Oscillator indicators are neutral. MACD line moving above the signal line with histogram size decreasing in the positive region, suggesting a bullish bias. RSI at 42, below the midline in the neutral region. CCI is around -112, in the oversold region indicating a downtrend. Another interesting point to notice here is that volume saw a decrease in volume with price increase while an increase in volume observed with a price decline indicating strong selling 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.
DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
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- Mudrex
XTZUSDT Symmetrical triangle, prepare for break out *** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to target one is not good, don’t take the trade. ***
XTZ
Probable
- Long term symmetrical triangle
- EMA’s bearish daily, 12hr & 4 hour
- Looking for a BCR within the yellow box zone
- 2 short targets
Possible
- Squeeze tighter into the point of the triangle
- Watch to see if we create HL within there for possible bullish trend change
- Watch EMA’s to see if they start to turn up and cross bullish
- Wait for BCR of resistance outside of the triangle
- 2 long targets