Tezossignals
XTZUSD Extinct crypto starting to move?Tezos (XTZUSD), a long forgotten market favorite, is posting today the strongest 1D green candle since February 22 2023. This is backed up by a long 1D RSI Bullish Divergence. As long as the 0.6300 Support holds, we expect XTZ to target first the Lower Highs 2 (dashed) trend-line and the 1D MA200 (orange trend-line) and finally the strongest long-term Resistance Cluster, the 1W MA50 (red trend-line) along with the 0.92500 Resistance.
Our target is 0.9000. Notice the similarities between the current mid-2023 Triangle, with that a year ago in 2022. That broke the Support to the downside and extended to the 2.0 Fibonacci level, while the current is breaking above the Triangle. Keep that in mind however, in case the 0.63000 Support breaks.
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XTZUSDT Attemtping to break the 1D MA50*** ***
For this particular analysis on TEZOS we are using the XTZUSDT symbol on the Phemex exchange.
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The idea is on the 1D time-frame where Tezos is shown trading within a Channel Down on the log scale. It has been trading below the 1D MA50 (blue trend-line) since April 07 with only one very short exception (June 09/10). The Lower Low of June 18 initiated a rebound that has now yet again made contact with the 1D MA50. On a side note, that was our (achieved) target on our last Tezos trade in May:
We've seen that even a break doesn't constitute a bullish signal. Also the bullish divergence on the 1D RSI (Higher Lows) has failed in the past. We may see a 1D MA100 (green trend-line) test if the MA50 breaks but still, the best buy (on the long-term) can be made if the price breaks above the 1D MA200 (orange trend-line).
See how the Fibonacci levels have acted as Support/ Resistance levels since the October 2021 High. A 1D MA50 rejection targets the -0.236 extension (0.9368) while on the other hand a 1D MA200 break, sets in motion the filling of the retracement levels.
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XTZUSDT Still bearish unless the 1D MA200 breaks*** ***
For this particular analysis on TEZOS we are using the XTZUSDT symbol on the Phemex exchange.
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The idea is on the 1D time-frame where Tezos is shown trading within a Channel Down on the log scale. It has been trading below the 1D MA50 (blue trend-line) since April 07 and despite the May 12 rebound on the Lower Lows trend-line of the Channel, the price still got rejected on the 0.236 Fibonacci retracement level. Those Fibonacci levels have acted as Support/ Resistance levels since the October 2021 High, so this rejection keeps the trend bearish.
Practically, with the price action below the 1D MA50 resembling the sequence of November - mid December 2021, we can claim that only a 1D candle closing above the 1D MA100 (green trend-line) would reverse this bearish trend. That however happened in late March and still Tezos failed to establish a bullish reversal, so it is much safer to wait until the 1D MA200 (orange trend-line) breaks before calling a new Bull Cycle. Until then, it is more likely for the price to keep making Lower Lows.
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TEZOS- Updated LevelsOur TEZOS chart shows a promising rebound to 2.998 could be in play.
Price has support at 1.823 that has already been checked, as well as resistance at 2,04. After that level the rise should be able to accelerate.
FOOD FOR THOUGHT:
LUNA's disaster could be good news for Tezos: www.nytimes.com
One Love,
the FXPROFESSOR
XTZUSD Comfortable UptrendConsistent higher lows can be seen on the left chart (coinbase)
Each one of these lows provides a unique support level
The uptrend isn't going anywhere
On the right I demonstrate how price is above a confirmed support level
This will lead to a bounce and return upwards
Bullish
Tezos Healthy RiseXTZ is making higher highs and corrections seem healthy and following Fibo Retracements.
i don't know much about Tezos FA so i will stay quiet on it.
Like always keep an eye on BTC moves, Everything in Graph !
Good buy zones :
- 3.5$
- 3 $
Sell Zones :
TP1 : 7$
TP2 : 9.9$
Happy Tr4Ding !
XTZUSD Bottom priced or close. Buy opportunity to $15.00.Tezos has been one of the most consistent coins since the December 2018 market bottom, as it has been trading within a structured Channel Up with very clear dynamic bottom and top levels.
As the chart (1D time-frame) shows, every Higher Lows of the Channel has been either at or slightly below the 0.618 Fibonacci retracement from the previous Higher High. At the same time, the CCI indicator on the 1W time-frame, shows that every time it breaks below the -100.00 level, XTZUSD bottoms out. A Bullish Cross by the 1D MA50 and 1D MA100 follows to confirm the start of the rally.
Currently the price bounced off the 0.618 Fibonacci retracement level earlier this month but the 1W CCI is at -80.45 so far. This is low enough for long-term traders who don't wish to wait for -100 and miss out on a potential sudden rally. The target within this Channel Up has always been the -0.382 Fibonacci extension, so ours is set slightly lower at $15.00.
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XTZ: The Beginning of a Reversal?Hey guys, this is Julie 😉
Let's talk about Tezos today.
I am quite optimistic about XTZ, it is in a clear support zone (orange line) - this region has served as support/resistance many times before, and it doesn't look like it will be lost this time.
The bears don't seem to have the strength to make Tezos fall again.
We can see that the volume has increased a lot today, proving that the bulls are stronger! 🔥
And we have a nice Bullish Pivot on the hourly chart, reinforcing again that XTZ is recovering and this could really be the beginning of a reversal.
If today's candle closes above this green line, I believe it would be the best time to buy XTZ.
__
On the weekly chart we can see that Tezos is still in a Bull trend, making higher highs/lows (I can't post the image here).
And that is why I believe that if today's pivot is not triggered, Tezos will not fall below the red line (the price low in Dec 04).
It may start to move sideways for a while, but it is very unlikely to fall.
And that's it! Thanks for reading my analysis! Please, support me with your like and subscription! 😍
Bye bye, have a nice day. 😉
$XTZUSD - Wait for breakout confirmationHello everyone!
Tezos tested an important dynamic support level, and looks to retest 8.30 levels once more.
Currently the uptrend is blocked by a local dynamic resistance, waiting for a breakout at levels near 6.7.
XTZ is in Ascending TriangleHi Every One
We Can See XTZ moving in ascending triangle channel and there is a major resistance at 8.2
we know in this situation price most break out the triangle up or dawn
i think in this scenario the possibility of breaking dawn is 70 % (back dawn to 6.8 to 7 for a while)
and according to the charts only 30 % possible for breaking 8.2 up
Good Trade To All
Tezos to breakout again ?#XTZ
Tezos is forming a saucer bottom . Which is a classic reversal/bottoming forming similar to a cup and handle formation
The neckline is around $8 and could take us to $20 on the measured move break out over the coming weeks/months ahead . Be patient, this is a multi month pattern so don't expect to get there in one green daily candle and don't expect it to become invalidated with one red candle on the day .
There is also hidden bullish divergence on both the rsi and macd indicating a continuation to upside on the short term steepening trend !!!
like if you guys want more setups like this !!!!
XTZUSD has formed all major buy confirmations.It has been a while since I made an analysis on Tezos. In fact I haven't made one since February 15. However, as you see on the idea below, the main pattern hasn't changed:
That has been a Channel Up since the bottom of the 2018 Bear Cycle. As shown on the chart, the formation has clear Higher Lows (Channel bottoms) as well as Higher Highs (tops) which in some instances exceed the pattern marginally.
Right now Tezos has completed all major buy signals, namely the rebound on the 1D MA50 (blue trend-line), the CCI bottom bounce and the 1D MA50/ MA100 Bullish Cross. As you see every such Bullish Cross was relatively early on each of the previous three (3) rallies to a Higher High, so we may be still early in the uptrend this time also, despite the fact of being near the top of the Channel Up. In fact every Higher High is longer each time after the Bullish Cross takes place.
Drawing up the Fibonacci extensions since the 2018 bottom, the next target for XTZ is the 2.0 Fib extension. However I won't be surprised to see it break marginally to something like $12.00 - $13.00.
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TEZOS - On increase trend - Data shows interesting targets.Hello trading friends,
Tezos shows an interesting target for the new increase trend.
Possible TO see tezos with new trend increase coming time, as the data of trends shows new volume entering tezos.
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All our charts are not advice and you are responsible for your own investment
Tezos XTZ - 6h. Buyers Ready to Storm $7.25-7.7The beginning of the week on the cryptocurrency market turned out to be not entirely pleasant. Tezos is no exception. During Monday, the price of XTZ fell 16% . For comparison, the price of BTC fell by almost 10%, the price of ETH - by almost 12%. If we compare XTZUSDT to the most powerful coins in the crypto market in terms of dominance, buyers kept the price quite powerfully. Our previous idea worked halfway through. Buyers failed to hit the mark of $10 without a deep correction:
Looking at the nature of the fall in the price of XTZ and its stop, we slightly adjusted the liquid price zones. Thus, the chart shows that:
- major buyer support is in the range of $5.5-5.85.
- Problems with the continued growth of the XTZ price begin to arise in the range of $7.25-7.7.
If you look at the 6 hour timeframe , you will notice that buyers failed to take control of this range for the fourth time:
By the way, the fall on May 10 was quite natural. Please note that the correction in the XTZ market started earlier - on May 7. It was after the sellers dropped the price below $7.25-7.7 that we saw a new impulse for the fall.
However, the price of XTZUSD continues to move in the local black growth channel . In addition, yesterday's close of the daily candle is encouraging to think that the fight for the range of $7.25-7.7 is not over. The main signal for the continued growth of the Tezos price to $10 will be the retention of the local level of $6.66. In our opinion, from this mark, buyers will begin an assault on the critical range.
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We do not consider the alternative scenario until the price of XTZ is above the range of $ 5.5-5.85.
Tezos XTZ 40% Move to new ATHs
Fib Ext Pull and Fib Speed Resistance Pull
Target .618 and expecting some resistance at this area before a move to the the 1-1 Extension
for fresh ATH and potential continuation .
The move allows for a 40% return , do not FOMO I expect a pull back when we hit the .618.
or even before given BTC potential volatility.
Of course determine your own entry if you cant wait for that potential prospect.
****Please also note that any ALT setup regardless of how strong it is can be destroyed by
aggressive BTC moves *****
Another observation I want to make is that the areas I have highlighted are where pullbacks have
occurred literally around the same time each month . 21 Jan , 23 Feb , 25 March , and 23 April .
Im not suggesting that come the end of May we will see the same but its worth noting and
just a pattern that I noticed had played out throughout this year .
Also each major correction has pulled us into the .382 speed fan resistance or close too it .
Ensure that you have a trading plan with a clear invalidation and SL
Ok well Thanks for reading and any questions pls ask , Like and FOLLOW for more of my content and Analysis .