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Tezos

XTZ H&S shortXTZ had a good run but it seems that volume and overall interest is fading away. Investors who are interest in staking awards are moving to Ethereum. Not a financial advice but I'm long on ETH and short on Tezos. Also if you are trading futures on Binance, XTZ has a massive red hammer, which looks pretty similar to the one that has been seen on XRP chart a ~month ago and it dumped hard. I'm expecting pretty much the same outcome - XTZ will dump hard before the next bounce. In the long term (months/years) I'm very bullish but for now it seems that this coin is going down.
Short
by Bullversitycom
1
Tezos is cheapXTZ/BTC has been consolidating in this symmetrical triangle since February. If you're fundamentally bullish on this coin, and who isn't, you might be looking for buying opportunities. Bitcoin looks like she's about to go running, which has made alts skittish. But such drops in alts, especially liquid ones, often play into the bigger picture even when they're triggered by external or random factors. The March selloff, for example, gave Tezos a roughly 50% correction of the screaming upmove it had been making, taking it to rest right on previous resistance now turned support. The move down yesterday took price into resistance-turned-support from over a year ago. This coincides with the 200-day Simple Moving Average. The "real" MAs on charts such as Huobi's with more history are in more or less the same place. So could it bounce here? Possibly. But stronger support, the 200-day Exponential Moving Average, and the lower triangle trendline, are a bit lower, and that's where I'm looking for a higher probability long. Then hopefully a break of the upper triangle line, the resistance at the top of this range, and blue skies above.
Long
by SimpleCryptoLife
4
Tezos; Looking at the FactsLet's talk trends. It's obvious that the bottom was locked in around the Oct-Nov 2019 timeframe. Ever since then, the trend has been steadily going up for Tezos. And why shouldn't it? It is now trading publicly on Coinbase, one of the largest and most reputable exchanges in North America. In addition to that, Coinbase provides it's users their most safe, passive-income asset since USDC. Tezos provides a variable rate of return depending upon its inflation target, amount of XTZ delegated and baked, and many other nuances to the rules of its protocol. Currently, Coinbase offers an approximate APY for Tezos at 4.03% at the time of writing. This is actually phenomenal when you think about most stock dividends. Verizon Wireless offers a yearly dividend at nearly 4.5%, and Tezos usually offers more, especially if staked independently. Plus even more than that if baked properly. OK. Now let's talk about some recurring patterns. I have labeled the ovals in green to emphasize the rising demand of XTZ. After the COVID-19 scare in March where stocks, cryptocurrencies, commodities, and other assets faced a flash crash, we can see 3 distinct areas of accumulation. But what is after those ovals? Little red, upside-down mountains. The green arrows are pointing upwards to show that the red areas on the MACD indicator are having little-to-no effect on the overall upward trend of XTZ, which started in Nov 2019. Tezos has been trending upwards for almost a full year now (8 months to be exact). And you see this same pattern of events starting to unfold at the beginning of July. Long term (1 years or more), XTZ is going to keep hitting higher highs and making higher lows. Why have I come to this conclusion? 1. Tezos pays extremely well for its low-risk option of staking (not baking). 2. Coinbase has millions of users, political and economical reach, and extreme vetting procedures before allowing any crypto to be listed with them (So Tezos being listed publicly means quite a lot). 3. It is licensed by MIT, arguably one of the most prestigious technological institutions known across the globe. 4. The overall trend has been blatantly up since Nov 2019. Now for the best, number 5. In the yellow oval, we can see a Golden Cross. What is so special about this Golden Cross is that the amount of space between the 50MA and 200MA shows that there is "wiggle room" for healthy corrections before moving upwards again. This go back to the patterns I was talking about where the red, upside-down mountains do not affect the overall trend very much. Which leads me to my last analysis for the short term (1-3 months). There is a support at $2.70 where we could possibly come down over the next few weeks. There is also another support at about $2.45, which could be reached within a month or two. This is good because the prophecy would fulfill. We would see the MACD indicator produce a nice red, upside-mountain, as well as the MACD lines at the bottom go towards the neutral position and possibly lower. Which, again, is great because it would still be a higher low and the next surge upwards could very well break the $3.90 resistance. HOWEVER, it is possible I am completely wrong. After all, everyone one of us is simply making an educated guess on where and when the price action could take place. Including myself. I have given you detailed reasons why I think the fundamental and technical analysis supports my prediction, but as always, please dear God, take my analysis with a grain of salt.
COINBASE:XTZUSDLong
by UnknownUnicorn1317862
3