Tezos
Tezos Took A Beating — New Target In Sight
XTZUSD hit both our 15% and 25% target... even bumping into our moon rocket icon, as per our previous Tezos analysis:
Then Tezos got dragged back down with the rest of the market and now looks to be recovering upwards momentum as shown here on the 6-hour chart with moving averages now crossing over.
With an 8% target back up to previous resistance, Tezos may then make another attempt at consolidating on top of that level ready for new price discovery beyond the All Time High.
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XTZ.USDT (Y20.P3.E2.v3).Now we enter--- Continuation from the previous post on XTZ, link below ~~~
Hi All,
OBSERVATIONS:
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> The 2 Day chart has given a nice bullish candle off a strong support area and fib level in an uptrend on the macro.
> The daily chart below gives indicators as a reversal with upward pressure.
> 21/34 EMA has confluence with the price and trend.
> BTC moving sideways
> SP500 steady and likely to go slowly with some undecided upward direction, some more.
THOUGHTS:
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Buy, look at the lower time frames to decide when to go in.
Cheers,
S.Sari
DAILY Chart:
4 HRLY chart: 2 touches to confirm support. You might want to wait for another touch but unlikely.
PREVIOUS POST
Have changed my mind on the ABC pullback, based on what BTC is doing for now.
Tezos Price Analysis: XTZ/USD falling Wedge Pattern Breakout
Tezos bulls revive the uptrend after bouncing off support at $3.20.
XTZ/USD could build on the wedge pattern breakout and achieve highs not only above $4.00 but also $4.50.
Tezos bulls managed to defend the support at $3.20 following a continued breakdown from the 2020 high traded recently at $4.50. The downtrend remained unstoppable with the price breaking support after support. The buyer congestion at $3.20 this past weekend was a fresh breath of air into the bullish camp as XTZ/USD commenced the ongoing reversal towards the coveted $4.00.
At the time of writing, the price is trading above a falling wedge pattern following a breakout. Tezos is dancing at $3.61 amid the push to reclaim the inches of the ground towards $4.00. The price is also trading above the moving averages too where the 50 SMA $3.50 and the 100 SMA at $3.59 in the hourly range are in line to provide support in the event a reversal comes into the picture.
Looking at Tezos from a technical perspective, it becomes apparent that buyers are dominantly in control. This is reflected by the Relative Strength Index (RSI) sharp spike towards the overbought region (70). Besides, the Moving Average Convergence Divergence (MACD) cross above the mean line (0.00) confirms the bull’s increasing influence over the price.
Tezos is poised for more action above $4.00 and this will mainly build on the breakout above the falling wedge pattern. Trading above $4.00 will pave the way for gains beyond the yearly high at $4.50.
XTZ/USD Intraday Levels
Spot rate: $3.64
Percentage change: 3.78%
Relative change: 0.1297
Trend: Bullish
Volatility: Expanding
Tezos (XTZ) - August 24Hello?
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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You need to make sure you can get support at point 3.5378.
It remains to be seen if it can rise above the uptrend line (5) and gain support at 3.7307.
If you move down at 3.5378, we have to see if we can get support at 3.33 and the uptrend line (4).
If you are supported in the 2.8886-3.2 section, I think there is a possibility to create a new wave.
The 2.8886-3.2 section is a very important section in XTZ price.
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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.)
Tezos is at Support Offering 30% ProfitTezos (XTZ) just hit its all-time high at $4.48 last week. It now stands at support, which was the high during its last bull run in February this year.
Let’s take a look at Tezos and its likely forecast.
What is Tezos and How Does it Work?
Tezos is a platform designed to provide code correctness and safety for both its assets and use cases. The platform’s smart contract language facilitates formal verification, which is a methodology commonly used in mission-critical environments such as the electric power systems, aerospace, and nuclear industries.
Tezos's architecture and upgrade mechanism allow the network to propose and adopt new technological innovations as they emerge. This capability enables the protocol to remain up to date regarding innovations without sacrificing community consensus.
All stakeholders may participate in network upgrades by evaluating, proposing, or approving changes. Additionally, stakeholders can help to secure the network (via delegating or baking) and avoid being diluted by inflation.
Tezos is thus a multi-purpose platform that supports decentralized applications (DApps) and smart contracts. It is similar to Ethereum in nature, and similar to Ethereum, it has an unlimited supply.
Tezos (XTZ) on the Chart
Last week, XTZ hit its all-time high at $4.48 and currently stands at support. The price may fall further at the support of $3.33-3.15, as displayed by the green rectangle on the chart. If a position is opened just before that support level and closed just below the resistance at $4.3, then it offers an opportunity of around 30% profit.
It is impossible to predict all price movements of a coin or any asset in general. Therefore, professional traders always recommend having a stop loss in place at a level where you feel comfortable.
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.
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?
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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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
Tezos Ascending TriangleWell lookie lookie we might have a cookie. Do your own research but the target here looks to be around $6 if this thing plays out.
Mind you, first we need to work out way into this triangle so this may be an early call. But the possibilities are there.
Happy trading!
Heading to $4 Tezos has been building up volume the last few weeks and wants to push up to $4 range.
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 XTZ/USD Elliot Wave Roadmap to $10 I'm sharing with you guys my first Elliot Wave count, I hope you like it.
This is not financial advice.
Please like and leave a comment.
Peace & Love
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.
-------------------------------------------------- -------------------------------------------
** 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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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
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XTZ tezos USD Still Long. Right at the ceiling from this point on though. I think some swings are imminent but will overall recover. Macro. ( I know exact measures matter. But, sometimes keeping it simple goes further.)
