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Tezos

TEZOS uptrend intact; If BO Vol Profile zone;next 2 FIBO targetsTEZOS is holding the 3.23 to 2.72 Volume Profile support zone & is now trying to break above it with a higher high & a higher low in place. If it succeeds in breaking above the black anchored VWAP from recent low & then cross above the nearest GANN line, then the next 2 FIBO levels will be targets. (See chart for TPs 4.48 & 5.37) Rejection from VWAP or GANN line will see a retest of the blue uptrendline or even the violet VP support zone low at 2.72 (violet uptrendline). Also notable are the 2 potential triangles forming. Not trading advice
COINBASE:XTZUSDLong
by xtremerider8
Is the Bottom in for XTZ??? Might get in trouble for sharing this little dose of hopium because the recent downtrend definitely does not support it... but screw it!! Some very bullish news pumped XTZ's price last week when Ubisoft announced it would sell gaming NFTs on the Tezos network through marketplaces Objkt and Rarible, which just launched integration with tezos. bitcoinist.com Obviously, the whole altcoin market, more or less, is at the mercy of bitcoin, and the whole market is fearful right now. We are still technically in a macro uptrend, which means this might be an ideal time to buy... unless this is the start of another "crypto winter," or bear market. No one knows for sure, but either way, we will surely get a relief rally out of BTC & alts, even if it's only temporary. XTZ has found local support. Pattern wise, this could potentially be an inverse Head & Shoulders; XTZ could also be at the bottom of an ascending channel, or could possibly form a diamond pattern, which could also build support for reversal ideas. One should never try to force trades, but hey, it sure feels good to call the bottom ;) Just remember to set stop losses. happy trades, CD
XLong
by cryptodonovan
Tezos Joins the Metaverse Race. How Does it Compare to Others?Tz1and, a metaverse project based on the Tezos ecosystem (XTZ) has been slowly gaining some traction lately. Is it an early stage project worth investing in? A look at how it stacks up against the other major metaverse platforms out there. Project - World Explorer? / Decentralized? / Selling Points tz1and - Yes / Yes / Support of artist communities and indie creatives Decentraland - Yes / Yes / Most support from business and corporate organizations Sandbox - No / No / Celebrity attention and media hype, strong financial performance in 2021 Monaverse - No / No / Professionally designed and curated metaverse projects Cryptovoxels - Yes / No / Runs on mobile, one of the oldest metaverse projects out there As mentioned before, the metaverse and Web3 projects are all still in its early stages so anything could happen. But it's good to know what's been happening, either way. www.tz1and.com
Long
by RyanTanaka
5
Tezos bullish reversal pattern in play.Tezos prices have been trading in a bullish trend since the beginning of the year, with prices rising from a low of $1.32 to the current high of $3.43. The overall trend is still very much intact and there is a strong possibility that prices could continue moving higher in the short term. The next major resistance area for XTZ prices is at the $3.45 level, which is where the 100-day moving average currently sits. A break above this level could see prices move towards the $3.50 level. Tezos prices have been on a tear over the past 24 hours, rising from a low of $3.34 to a high of $3.43. Prices are currently trading at $3.42, which is just below the major resistance at $3.43. Tezos market capitalization is currently at 3 billion with a 24-hour trading volume of $73,222,919.87.Tezos overall price movement has seen a continuation of the bullish trend that has been in place since the opening of the daily trading session. Tezos price analysis shows the bulls have come together to push prices higher after a period of consolidation. Further upside is anticipated as the MACD line is headed towards the zero line, an indication of a continued bullish trend. Prices are also trading well above the 200-day moving average, which is another indication of a continued uptrend. However, prices could face some selling pressure at the $3.45 level, which is where the 100-day moving average currently sits. The RSI indicator is currently at the 67 level, which shows that there is still some room for prices to move higher before becoming overbought. Conclusion Tezos price analysis for today reveals the market has the potential to rally towards the $3.45 level in the short term as the bulls maintain control of the market. Prices could face some selling pressure at this level, which is where the 100-day moving average currently sits. However, a break above this level could see prices move towards the $3.50 level.
COINBASE:XTZUSD
by AxiomEx
1
Tezos (XTZ) Completes its Ithaca 2 Upgrade. What's Next?This event largely went unnoticed by the media, but Tezos (XTZ) underwent a major upgrade to their protocol as of this week. The upgrade deals mostly with scalability issues - as the oldest Proof-of-Stake system in the market, XTZ arguably one of the most technically advanced blockchain platforms in the world right now. In the early days of the crypto industry Tezos decided to go straight into Proof-of-Stake instead of with Proof-of-Work like the others did. (Technical superiority doesn't always translate into business success but it is worth pointing out that XTZ is already where ETH is moving towards right now.) The recent Ithaca 2 upgrade includes: - Increased throughput (faster transactions times) - Lowers requirements for node staking from 8000 Tez to 6000 Tez (roughly 20-24k. ETH node requirements are 100k+) - Improvements in privacy, security, and better compatibility with zero-knowledge proofs/rollups/sharding methods overall I do think that Tezos is an underrated project right now since the project has been dealing with real-world use cases in the Proof-of-Stake model that coins like ETH, DOGE, and BTC have yet to face - potentially creating an opportunity for a leap-frogging event to occur. The chain also has the advantage of having attracted the attention of artist communities around the world (Hic et Nunc, https://TEIA.art, hen.radio), many of whom were gentrified out of ETH's ecosystem due to high gas fees, which shouldn't be underestimated since attracting users is often the hardest thing for platforms to do. This puts Tezos in a very good place in the next few years as the race for #NFTs and metaverse projects starts to ramp up - these products will be judged by their artistic quality, and the platform with the highest concentration of artistic talent will likely win. Anything could happen so everything is still TBD, but the race may have just gotten much more interesting as new contenders for #Web3 relevance continues to grow.
Long
by RyanTanaka
Back in tezos from USD after call signalToday gives a buy signal on Tezos after the sell at $6 and a few DCA signals on run down. With the recent network upgrade and the bullish sentiment in the market at the moment this is a good opportunity to get back in after exiting the position previously at the $6 range. It is worth noting though that the bitcoin and Ethereum pairings still favour being in those rather than Tezos at this point in time. If however you are only interested in the USD pairing then this by signal is a good one. The risk is in the high range and the price is already 14% from the base but with the strength in the current market conditions I would place more value on the buy signal and maybe adjust position size with some percentage of caution based on the those.
Long
by Cryptodontrading
XTZ Cup and Handle 2xHello everyone, This is my first time doing a public analysis, so I hope you won't be too harsh on me. :) I have analyzed Tezos (XTZ), and the idea based on the daily chart, I have observed a cup handle formation that has been trying to form for a long time and I wanted to share it with you. As can be seen in the graphic, the cup part is completed, the handle part scrapes the bottom. Even though I took it as the bottom part of the cup and made an approximate date and price estimate, it may not be exactly the same. 2x (8.500ish and beyond) might be expected for Tezos, which I have foreseen for a period of about 2-2.5 months. Farewell
Long
by Victorinox1884