Uptrend channel on XTZ.Hello, traders.
TEZOS/BTC is inside a bullish uptrend channel on the 4-hours chart, so we believe that the price has room to go test the top of the channel, and later the important resistance level.
What Is an Ascending Channel?
An ascending channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterize this price pattern. Technical analysts construct an ascending channel by drawing a lower trend line that connects the swing lows, and an upper channel line that joins the swing highs.
Ascending channels show a clearly defined uptrend. Traders can swing trade between the pattern’s support and resistance levels or trade in the direction of a breakout or breakdown.
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Tezos
$XTZ TEZOS BREAK OUT IS IMMINENT - $5 ultimate targetIt broke out of a 40 day downtrend while retesting it with an immediate reaction.
Once we clear 3.5 we can target $5.
This is how link looked before it took off on its massive run. Loaded up and ready to go! Dips are for buying IMO.
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Tezos - Following Chainlink and CardanoWhen it comes to making money, I am not tribalistic, I don't give a fuck. If something can make me money, I will make money from it.
While Bitcoin and Ethereum are still sleeping, one by one Altcoin are moving up and doing their own thing. It doesn't matter what your feelings are and what do you think about it. It will do their own things.
If you want to make some money, you are better off by eliminating your emotion out from it. If not, you are going to be like some Bitcoin maximalist or Gold maximalist who are yelling that everything other than Bitcoin is scam or who keeps calling for stock market to crash for the past 10 years.
This is HOW capital flow. This is how market works. Get over with it. All of these altcoins are NOT GOING ANYWHERE. It is NOT a zero sum game. Eventually all of the capitals will move to the winner, but even then, we still have thousands of stocks listed on the stock market, the same with crypto. Most altcoins will go to zero, some will be big winner. Just have fun and ride everything that is going up.
I am seeing that all the big altcoins will eventually go to the 10 Billion Market Cap to be on par with Tether. 10 Billion will be the new 1 Billion Market Cap. And then when the real bull market starts, of course all of these can go higher than that, when Bitcoin and Ethereum past their all time high.
This is also how you can make money, COMPOUND your return without TAKING ANY LEVERAGE OR DEBT.
When Link pumps, you make some money, then Link consolidates, you sell, you put in Cardano or Tezos, then Cardano and Tezos pump, you sell, you put back into Link and you rotate your money all the way until you die.
Of course this is complicated algorithm. That's why if you are serious in making money, you should be WRITING YOUR OWN ALGO which means you need to learn at least Python and how to make it works. And most people are LAZY. That's why they are poor.
Please don't reach out to me or comment or message me. Go work your ass off.
Regards.
$3.10 must be brokenTezos finds itself at a most critical juncture. $3.10 is possibly a more challenging resistance level for Tezos than $2.00 was earlier this year. The fact that xtz has not pumped above $3.10 yet during the recovery gives me hope that many of the would-be sellers on the ride up are exiting here. Thus, if we can get past this level many of the sellers will have left, clearing the way for buyers to take over the market.
The longer the battle for $3.10, the greater the odds that $3.10 shifts to firm support. Sustain a break above $3.10 and this is where things should become fun.
TEZOS BULL (LINK GAINS!!)4-Hour Timeframe
Indicators:
12-period EMA
30-period SMA
MACD
RSI
1. EMA crossing above SMA = Bullish
2. Broke below the 12-period EMA , but the 30-period SMA has been holding support.
3. The golden pocket 61.8% fibonacci level has shown support, and price can bounce off this level.
4. MACD and RSI had a bullish divergence last week.
5. We are still in an upward trend - higher lows and higher highs. Respected five separate times.
6. Volume is still holding strong.
Final thoughts:
After being overbought yesterday from major bullish activity, Tezos has retraced back to the 61.8% fib level which is a good area to position yourself for a long. If this level holds, we can see another spike in buying as most signs point to the bulls.
Chainlink(LINK) has exploded these last few weeks and I do believe Tezos(XTZ) can follow a similar spike pattern, but this is an irrelevant observation.
Bullish Setup Occuring (LINK GAINS???) 6-Hour Timeframe
Indicators:
12-period EMA
30-period SMA
MACD
RSI
1. EMA crossing above SMA = Bullish
2. Currently sitting above the 12-period EMA, retesting this 12-period EMA as support which the price can bounce off of.
3. This price has currently bounced off the golden pocket 61.8% fib level as support
4. MACD and RSI had a bullish divergence last week.
5. We are in an upward trend - higher lows and higher highs
6. Volume is looking strong
Final thoughts:
I am looking for a retest of the of 61.8% fib level OR the very least 12-period EMA and if this support level holds, I will enter a position.
There is resistance at $2.85 price level so we may have to wait and see how the price reacts to this.
Chainlink(LINK) has exploded these last few weeks and I do believe Tezos(XTZ) can follow a similar spike pattern, but this is an irrelevant observation.
Tezos Is Back On The LaunchpadThe weekly chart reveals XTZUSD is primed to re-test its ATH.
Last week's candle closed strong and this weeks candle is already up above the past few months of consolidation candles.
With ATH just 15% above the current price, this week may see us get there, for a potential breakout next week.
RSI is not over stretched. MACD is turning up.
Tezos Vs. BitcoinI was asked to look at the XTZ/BTC pair...
Overall, I would say this formation has a Bullish lean. There is clearly a tightening symmetrical triangle on the 3-day chart. The price action has remained above the 200-day moving average since it broke below earlier this year. Now the price has broken above the 50-day moving average, is holding above, and continues to generate momentum upwards. I would watch the 50-day moving average closely. If that average is broken, it will be time to reassess.
However, I will point out that I have seen triangle formations like this break out to the downside. You have to notice that there have been a series of higher lows as upper resistance on the symmetrical triangle*. If BTC buyers flood the market and BTC becomes majorly bullish breaking out of its long term triangle, it may be the asset you want to be in.
The RSI also looks to break above an upper line of resistance. It could break above to set up new support, or it could get rejected by the resistance. I'd keep an eye there as well.
I would like to be properly positioned in both trades, personally. If we're in a new Alt season, you definitely do not want to miss that trade. Trust me.
As always, calculate the odds, set your stops, & DYOR.
*Doesn't necessarily mean it's a bearish set-up
Tezos $XTZ - Swing Trade / long-term investmentElliott wave analysis and oscillators @1D and 3D TF indicate that Tezos $XTZ is a good investment right now!
SwingTrade XTZ-BTC:
entry: 0.00002650-0.00002685;
TP1@0.00003098;
TP2@0.00003449 with 3% TTP
TP3 >> 0.00004000
no stop loss recommended for this crypto -> accumulate it and hodl/stake it for long-term!
I´m not a financial adviser. For educational purpose only!
XTZUSD - Another good pump candidate?Could be another good pump candidate. Bounced off weekly resistance and trending upwards atm.
Keep in mind that this is high-cap alt (i.e harder to pump) and retrace is still possible, but R:R is 2:1 atm.
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Information is just for educational purposes, never financial advice. Always do your own research.
Tezos: Long Term Ascending TriangleOver the course of the Tezos life span, It has been forming a massive Ascending triangle. A series of higher lows has developed starting from the genesis candle.
I would pay close attention to this formation. If XTZ is able to break upwards resistance, it may search for Higher Highs.
Of course, this is a probabilistic set-up. DYOR.
Tezos Trouble2 weeks ago we projected a potential 14% drop for Tezos. That exact target was reached 14 days later.
As of today, momentum is still negative although price may establish support at this level.
XTZUSD will need to climb 9% to get back above the downward trendline to show positive momentum.
Although 1-day MACD is pushing up, 2-day and 3-day time-frames show downwards pressure.
So Team Sparkster are currently neutral on Tezos.
Elliot count on XTZ Hello, traders.
If we count Elliot waves in XTZ we are going to see very clear patterns of its impulsive waves and corrective waves, we believe that the XTZ corrective wave has now ended with the support test at an important support level and we may be heading towards starting another bullish movement for this asset with the waves 1 2 3 4 5.
I know the chart is polluted, but we can see clear patterns in the Elliot count, so push the like button and follow us on tradingview.