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Tezos

Tezos potential bottom? and some broader market thoughtsHello my fellow traders, hodlers and cryptoknights. Here is my little TA and insight into tezos and some thoughts on the broader crypto market. Technicals MACD is still bearish but has been close to flipping bullish for the past couple of days Volume has been declining and 24 hour volume has been very low, but it is looking to be picking up. MA's we are below all dailies but are just above the 50 weekly which held as support during the Pandemic crash (but had wicks below). RSI showing bullish divergence on the 4 hourly Analysis Whether we hold here or go looking for support lower down I believe to be mostly down to what is going on in the traditional markets and whether BTC holds 11k or not. XTZ is currently at a junction of S/R confluence, if we hold here and the bulls come out to play, we will be putting in a decent sized double bottom and macro higher low. Failure to hold here and the levels to look at are : 2.15, 1.95, 1.80 and 1.50 (give or take some cents) Points of potential interest Crypto began to correct before traditional markets and as such led the bearish rally. Over the last few days of bearish volatility throughout the markets, Gold and BTC were quite stable and ETH even climbed. BTC is known to correlate heavily with S&P 500 and at other times other markets, but it also breaks away and does it's own thing when it feels like it, the new kid on the block trends with the herd when it suits it but breaks away as and when it feels like it, so just because traditional markets are looking glum, does not mean BTC will for sure follow. BTC held above the notorious 21 week MA which it did throughout the big bull run, it also held outside of the 3 year pennant that it broke out of in July. Other than all of the awesome fundamentals already behind Tezos, China has adopted the Tezos blockchain to include in its blockchain infrastucture and France has just selected Tezos to be used in its digital Euro experiment. Exciting times ahead. Final thoughts BTC did not go down and close the CME gap at 9600 and as such will have caught a lot of bears trying to close it, on the wrong side of the trade. Regardless of the above thoughts and facts, it is of course possible that bitcoins move up was just a short squeeze and a bull trap, this coming week will be quite telling. There are whale sized sharks in the waters, they are a heartless bunch and care not for you or your dreams, hold on to your bags tightly. Please do not feed the sharks. I am not a financial advisor and any information I offer should be taken as just food for thought :) If you liked or found anything of interest here please like, follow and share your thoughts below. Stay safe, strong and prosperous.
KRAKEN:XTZUSD
by Crypt1cLyfe
Detailed Tezos chartSo more a detailed Tezos chart. Some explanation on the chart. Getting rejected after 9 days of consolidation, from the Red trendline. Blue bar counts as our big support. The red horizontal line is actually our hard resistance. A significant break is only possible, if bitcoin stabilizes good. The breakout to the 4 USDT have been shaked out. because of bitcoin price movements. RSI is almost horizontal no surprising movement. Slowly cooking to move somewhere. Plenty of space to the upside. To say if there is a bullish or bearish divergence is hard to say, since it's moving almost horizontal. MACD is clearly ready to make some good green candles to the upper side. Volume is the only key we are missing to make greenlight on the MACD. TP choose for yourself. Stop loss yellow horizontal line, price arround 2.10/15
by kubilaydereli32
5
Short Term accumulation zone and long term trendWith strong fundamentals in the background as far as news and usage goes (although I don't trade either of those), Tezos has been trading in a common accumulation range before previous spikes up, as you can see by the volume profile and historical movement. While it can break either way or keep ranging, it's maintaining the long term trend line(s) support while ranging. Right now, BTC is bullish, and one possible scenario is that BTC takes a pause and XTZ makes it's move back up to possible resistance around $3ish, since crypto moves in rotations. Must break 2.75 at a minimum first though.
COINBASE:XTZUSDLong
by neoyouaretheone
XTZUSD to see a slight uptrend(1D) | Lower highs observedMarket in last 1 week XTZUSD saw a slight uptrend after riding the lower band and moving up Price volatility was very high. The market moved ~14.3%, between $2.74 and $2.4 Today’s Trend analysis XTZUSD expected to see an uptrend as the price is trading between midline and lower band with lower highs observed Price at time of publishing: $2.67 XTZ’s market cap: $1.98 Billion Oscillator indicators are mostly neutral. RSI at 41 Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral and Hull MA indicates a buying opportunity Volume indicators saw a decrease in initial candles while an increase afterward with a low value for red candle Price expected to see an uptrend as the price is trading between midline and lower band with lower highs observed. Most of the Oscillator indicators are neutral. MACD line crossed above the signal line with the histogram moving from negative to positive region, suggesting a bullish bias. RSI at 41, below the midline still in the neutral region. CCI is around -33, in the neutral region with an up move. Another interesting point to notice here is that volume saw a decrease in initial candles while an increase afterward with a low value for red candles indicating a shift from sellers to buyers. ---------------------------------------------------------------------------------------- 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 . ---------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community! - Mudrex
COINBASE:XTZUSDLong
by Mudrex
5
XTZBTC is in a very interesting placeHi all, Just a quick TA from me. The chart says it all, have a look around, zoom in and see how the down trend support line shows that XTZBTC is in fact in a bull flag. There is of course a very real chance that the markets correct some more if the Dollar has a minor correction rally before it's inevitable further downside. If we did breakdown I think XTZBTC would just make another bear trap / failed breakdown and that it would in fact just be an even better better place to buy. This is not financial advice by any means, these are just my thoughts so trade and be safe :) What are your thoughts?
by Crypt1cLyfe
10
XTZBTC The Tezos syndrome. Time to buy.XTZBTC has been one of the most consistent pairs throughout the year 2020 so far. So consistent, that in fact helped me calculate the exact top and take a sell position and hit the target with surgical accuracy as you can see on the idea below: Now I believe it is time to start buying Tezos again as the price has made successive 1D closings above the (blue) annual Rectangle's Support and the LMACD is close to making a bullish cross. See how the LMACD is an additional tool (a little lagging but still quite effective) in determining tops and bottoms. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! Shout-out to TradingShot's top TradingView Coin donor this week ==> NilBalance
Long
by TradingShot
1
XTZUSD to move sideways(1D) | Price riding the lower bandMarket in last 1 week XTZUSD saw a downtrend and started riding the lower band Price volatility was very high. The market moved ~49.9%, between $3.47 and $2.31 Today’s Trend analysis XTZUSD expected to see a sideways movement as the price after riding the lower band got support from lower band Price at time of publishing: $2.56 XTZ’s market cap: $1.9 Billion Oscillator indicators are mostly neutral. RSI at 36 Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral and Hull MA indicates a buying opportunity Volume indicators saw an increase in recent red candles while a decrease in the blue candles with the decrease in the 20-candle moving average Price expected to see a sideways movement as the price after riding the lower band got support from lower band. Most of the Oscillator indicators are neutral. MACD moving below the signal line with histogram size decreasing in the negative direction, suggesting a bearish bias. RSI at 36, below the midline still in the neutral region. CCI is around -113, in the oversold region indicating an uptrend. Another interesting point to notice here is that volume saw an increase in recent red candles while a decrease in the blue candles indicating a weakening buying pressure. ---------------------------------------------------------------------------------------- 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 . ---------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community! - Mudrex
COINBASE:XTZUSD
by Mudrex
4
Tezos (XTZ) - September 7Hello? 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. -------------------------------------------------- ----- Make sure you can get support at point 2.4614. You also need to see if it can rise above the uptrend line (2). You should also check if you can ascend to the critical section of 2.8886-3.2 to gather the force to ascend. If it falls below the uptrend line (1), it is a short-term Stop Loss. ------------------------------------------ (Bithumb XTZKRW 1h chart) In order to turn into an uptrend, it must rise above 3679.0 points. However, if it is confirmed that it is supported by rising above 3324.0 points, I think it is highly likely to rise above 3679.0 points. (We plan to publish it together with the XTZUSDT chart until the chart period is longer than about 6 months. We apologize for the inconvenience.) -------------------------------------------------- ------------------------------------------- ** 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.)
by readCrypto
1