XTZBTC reclaims long term trendlineTezos reclaimed a long term trendline against BTC after finding strong support at 30k sats. A really nice bounce off the 50RSI as well, something we've seen alts do before continuing back up. A close near 40k sats would put us on track for a significant leg up. As the triangle is closing the move could come sooner rather than later.
Tezos
Consolidation time for TEZOS The strong uptrend of Tezos got stalled after the market-wide retracement we had.
Now it looks like it's about to consolidate with a pretty strong area of support as the lower part of the new range.
The supports of this new range will be marked by previous swing highs/lows and the 200 MA
With the lower part of the previous range acting as support
And below that one more support area.
Basically the previous resistance of the last range has become the new support as we enter a consolidation phase.
I'm also using GMMA to understand the dynamic between Long term investors vs Shorter Term Traders
The red lines represent longer-term EMA's that represent Long Term investors
The green lines represent shorter-term EMA'S that represent Short Term Traders
The bigger the distance between red and green lines, the stronger the trend.
Periods that show the red and green lines close mean a range or side movement.
Also when the green lines cross above the red lines, that means short term traders are more bullish than long term investors
This signifies the start of an uptrend conversely the opposite is true.
This makes the GMMA pretty similar to most indicators that gauge different EMA'S and use them to determine wherever the short term is bullish or bearish
comparing it against the long term.
In this case, for TEZOS, we seem to have entered a new area of consolidation as we had a small downturn signified by short term traders becoming more bearish than long term investors
But also both the green and red lines are getting closer meaning very weak conviction behind either move, that's a pretty strong signal for a period of consolidation.
With all this considered I think we are entering a period of ranging price and consolidation with pretty strong support beneath it.
Tezos (XTZ) - August 17Hello?
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It remains to be seen if it can rise above the 4.526 point.
You also need to see if you can get support at the uptrend line (3).
With support at the volume profile point of 4.1057, the uptrend is expected to continue.
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Coin market volatility period (August 14-17).
Therefore, I think careful trading is necessary.
I think it is better to observe the flow rather than rushing to trade according to the price flow.
I think this is a time when only minimal trading is possible to preserve profit and loss.
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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.)
XTZUSD to see slight uptrend(1D) | Gap up in Bollinger Band seenMarket in last 1 week
-XTZUSD saw an uptrend and moved sideways thereafter
-Price volatility was very high. The market moved ~23.69%, between $4.49 and $3.63
Today’s Trend analysis
-XTZUSD expected to see a continued uptrend as after riding the upper band gap up is seen with the conversion line above the baseline and green cloud
-Price at time of publishing: $4.1076
-XTZ’s market cap: $3.03 Billion
-Oscillator indicators are mostly neutral. RSI at 62
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators saw a decrease in volume as price started moving sideways with the traded volume decreased from 10.72M to 4.21M
Price expected to see a continued uptrend as with the gap up in Bollinger band and price riding the upper band with conversion line above baseline with green cloud and band expected to squeeze. Most of the Oscillator indicators are neutral. Signal line approaching MACD with histogram size decreasing in the positive region. RSI at 62, above the midline still in the neutral region. CCI is around 67, moved from the overbought region to a neutral region. Another interesting point to notice here is that volume is decreasing in the last few candles as the price started to move sideways after the breakout.
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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
XTZ to $6 - former ATH acting as support S/R flip Long term game, XTZ looking like it's turning its former ATH around $3.95 into strong support, consolidation before the next leg up. Upper end of the channel ~$6, but as we're entering what could be a pretty impressive bull market for much of crypto I'm not gonna put an upper limit on this. Tezos is one of the stronger projects in crypto IMHO, and with continued ETH struggles I expect it to gain a greater foothold amongst layer one projects going forward.
Tezos technical indicating a buy setup!! Margin trade XTZ/USDTThe real play here is Tezos’ development architecture, which allows for the rapid deployment of security token offerings (STOs) onto a highly stable platform.
Let me explain...
STOs are public offerings that use tokenized digital securities. Think of them like stock certificates that trade on a blockchain instead of a stock exchange. You can use STOs to trade real financial assets, such as equities and fixed income. Investors can store, trade, and exchange their STOs on the blockchain.
And we’re already seeing serious financial players turning to Tezos for their corporate needs – especially in real estate, which holds trillions in value.
Plus, you can do things not available in the market today, such as sell a building’s income stream, appreciation rights, and depreciation rights separately.
So you can begin to see the value proposition of tokenizing just real estate alone through STOs is huge. This approach can be applied toward forestry, mining, or any other type of real estate development project.
Tezos (XTZ) - August 4Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
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It is rising at the 2.8886 key point.
In order to continue the upward trend, we need to see if we can rise above the downward trend line (4).
If you stray from the 2.557-3.1 section, you are expected to create a new wave.
Short-term Stop Loss when deviating from various trend lines.
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
Ethereum - Next Move For ETHEthereum has had a +60% move since breaking out of our previous wedge on the daily chart that had been intact since June 2019. ETH 2.0 news has been stirring, staking is looking more attractive (you will need a 32 ETH min.), and global currencies have been getting a lot of FUD of possible hyperinflation due to the large amounts printed worldwide to combat falling into another recession. Investors have turned to Gold and Silver as a way to fight any possible inflation and Grayscale has just released a national ad promoting cryptocurrencies which is a huge step for crypto. As always it's best not to speculate but look for trends, signals, and confirmation. That being said, checking back in with the TA on ETH.
At the moment, we see that ETH RSI is oversold on the charts but price level hasn't followed the RSI retrace just yet. If price is able to hold up above that $360 range we still have room to run. We're looking to see if the MACD finishes its crossover as well. If we drop below the $360 range, we would begin to look for levels of $290-$300 for the first line of support as investors take profits enjoying that huge run ETH just had. At the moment, we've been trading ETH, XTZ, and BTC steadily.
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XTZBTC Time to offload Tezos?XTZBTC is printing the same top formation almost that it did in July 16/17. That was after a Golden Cross on the 4H chart. See how the current MACD and RSI patterns are identical and are on their top formations.
Time to offload XTZ and buy much lower? What do you think?
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Most recent XTZ idea:
XTZ/USD time to reload Buy opportunityAs i broke down on the previous post about tezos. i will link it below
we saw a beautiful retracement to the support level with nice rejection so we are loading our buying . which i mean you buy tezos and hold. you could margin trade but make sure you manage your risk!!
Healthy pull-back on Tezos, back to the bull trend. We pulled back below the CryptoEQ signal and retested the previous high, as long as we stay above the previous $3.9 high Tezos is still extremely bullish. Dropping below the CryptoEQ pull-back signal is what I wanted to see before continuing the bullish trend.
NO NEED TO PANIChello friends,
just a quick analysis on Tezos, it is extremely bullish some people panic during any correction, it is healthy for long term targets..
i think the chart is clear and we are in wave 3 which is the longest and more profitable than any wave,
please leave a like if you admire the idea
thank you
Why Tezos could 5X AT Current level (XTZ/USD)All you need to know is that staking is a growing trend among millennials.
At the beginning of 2020, the market cap of staking coins stood at $7.8 billion. Today, it’s $21.4 billion... an increase of 178% in just six months.
Up until recently, staking rewards were the only real reason to hold Tezos. And that makes sense. With a yield up to 10x higher than the 10-year Treasury, millennials have a compelling reason to hold XTZ.
That’s why more than 80% of all outstanding XTZ has been essentially taken off the market and “locked up” in staking pools.
But there’s more to Tezos than just its yield.
The real play here is Tezos’ development architecture, which allows for the rapid deployment of security token offerings (STOs) onto a highly stable platform.
Let me explain...
STOs are public offerings that use tokenized digital securities. Think of them like stock certificates that trade on a blockchain instead of a stock exchange. You can use STOs to trade real financial assets, such as equities and fixed income. Investors can store, trade, and exchange their STOs on the blockchain.
And we’re already seeing serious financial players turning to Tezos for their corporate needs – especially in real estate, which holds trillions in value.
Plus, you can do things not available in the market today, such as sell a building’s income stream, appreciation rights, and depreciation rights separately.
So you can begin to see the value proposition of tokenizing just real estate alone through STOs is huge. This approach can be applied toward forestry, mining, or any other type of real estate development project.
XTZ.USDT (Y20.P3.E3).TA on the Macro StructureHi All,
** This is a additional TA to the previous post on XTZ with BTC pairing **
As we had a strong BTC dominance divergence play out, we had XTZ.BTC price drop and bounce significantly while slowly regaining lost territory.
I did this TA against the USDT to see if its still within the acceptable levels for a next wave up. Happily to say, the restests of the previous resistances passed.
As per chart, we have one more resistance and after that, open roof.
My thoughts:
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> Daily indicators are positive, bullish with convergence and hence stay in the trade
> I would expect 2 touches to the resistance and 2 touches to the below support before the breakout otherwise its out.
Please give me a tick or like for this post.
Regards,
S.Sari
PREVIOUS POST
I have noted that we have price above the yellow key level meaning my TA is still relevant.
XTZ.BTC (Y20.P3.E3).TA on the Macro StructureHi All,
~~ This is a continuation of the previous post, link below ~~
Today, after a bullish div move, we have Tezos on its way up (BTC pairing).
Observation:
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> Macro structure as you see is in the complex correction wave with a descending top declining flat bottom 3 to 4 wave.
> Within this section we observe 2 resistance levels a) resistance trend slope and b) yellow bar, key fib resistance level (0.382)
> I have marked the descending top declining structure with E having a strong bounce
> We have on the Daily bullish MACD, WT and Phoeix indicators
> We have most of the daily EMA as beneath the price action
My thoughts:
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Buy in now > to much going for it
When to enter, look at the smaller time frames.
Buy on the bounce areas but also risk missing the retest of the resistance level.
Fib level structure
Indicators confirm > cross over
EMA > 21, 34, 50 and 100 all now under the price
Please give me a like or tick for this helpful post
Cheers,
S.Sari
MY PREVIOUS POST > I should have guessed in will be another triangle structure