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Tezosusd

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.
by CryptoEstratega
XTZ.USDT (Y20.P3.E3).TA on the Macro StructureHi All, ** This is a additional TA to the previous post on XTZ with BTC pairing ** As we had a strong BTC dominance divergence play out, we had XTZ.BTC price drop and bounce significantly while slowly regaining lost territory. I did this TA against the USDT to see if its still within the acceptable levels for a next wave up. Happily to say, the restests of the previous resistances passed. As per chart, we have one more resistance and after that, open roof. My thoughts: =================================================== > Daily indicators are positive, bullish with convergence and hence stay in the trade > I would expect 2 touches to the resistance and 2 touches to the below support before the breakout otherwise its out. Please give me a tick or like for this post. Regards, S.Sari PREVIOUS POST I have noted that we have price above the yellow key level meaning my TA is still relevant.
Long
by ssari
XTZ.BTC (Y20.P3.E2).TA on the Macro StructureHi All, My thoughts on Tezos against BTC: > Price is below the 10 to 100 EMA on the Daily price action and these ema ribbons have confluence headed towards the current 0.5 or 0.382 Fib retracement level as per chart, which is equivalent to the red min line of the Fan pattern, which at times can be a reversal pattern or bullish pattern. > Note the points of touches on the chart structure, by the dark boxes. 2 touches to the top and potentially the 3rd touch to the bottom, completing the ABCDE formation. > Note that we are in the 3 to 4 of the elliot impulse with a complex correction and the chart pretty much confirms this. I learnt recently that 3 to 4 is usually complex to strip of our gains with the 0 to 3 impulse which are usually clear trends. And just like BTC, we will end up going from 4 to 5 after this formation. > Both bottom indicators show that we are approaching the bottom reversal area. I'm looking for a cross over of the signals on the WT and if you note on the Phoeix, energy is moved above the 50% mark showing an emerging divergence. Daily with key pivot points and levels Daily with EMAs 12 HRLY chart: No bullish candles yet Please give me a tick or a like for this post. Regards, S.Sari Moving off the Tezos topic, check out the monthly close now and how bullish it still remains for the long term.
Long
by ssari
1
$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 $3.10 and this is where things should become fun.
BITFINEX:XTZUSDLong
by m00nsnacks
1
Tezos Vs. BitcoinI was asked to look at the XTZ/BTC pair... Overall, I would say this formation has a Bullish lean. There is clearly a tightening symmetrical triangle on the 3-day chart. The price action has remained above the 200-day moving average since it broke below earlier this year. Now the price has broken above the 50-day moving average, is holding above, and continues to generate momentum upwards. I would watch the 50-day moving average closely. If that average is broken, it will be time to reassess. However, I will point out that I have seen triangle formations like this break out to the downside. You have to notice that there have been a series of higher lows as upper resistance on the symmetrical triangle*. If BTC buyers flood the market and BTC becomes majorly bullish breaking out of its long term triangle, it may be the asset you want to be in. The RSI also looks to break above an upper line of resistance. It could break above to set up new support, or it could get rejected by the resistance. I'd keep an eye there as well. I would like to be properly positioned in both trades, personally. If we're in a new Alt season, you definitely do not want to miss that trade. Trust me. As always, calculate the odds, set your stops, & DYOR. *Doesn't necessarily mean it's a bearish set-up
Long
by BitInfo12
2
Tezos; Easy Money, Easy Life? | TEZOS ($XTZ)The exchanges love Tezos, Chainlink fans love Tezos, the bulls love Tezos, FA is bullish, and TA is bullish. With staking and transactions up, and with price continuing up too, what choice do we have but to show some love to the XTZ bulls with our own long setup. Resources: bitcoinexchangeguide.com + www.coindesk.com + bravenewcoin.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- 1. Fractal Trend is showing an uptrend (Navy bar color) on the 4 hour timeframe. This is indicative of the long term bullish price action on XTZ. 2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Navy line color) and/or bullish S/R levels plotted by Directional Bias (Navy line color). 3. Right now we are looking for a long entry off the S1 S/R flip + orderblock cluster which we expect to act as support if the uptrend is to continue short term. 4. Our stoploss is placed just below that level. 5. Our target is the R1 bearish orderblock formed by the highs of the previous price structure. The trade here is straightforward, buy the next available support and long until the next notable resistance with a setup that gives us a nice R:R. Good luck fam!
by AlphaBotSystem
3
Tezos Target — Heiken Ashi Suggests 30% Drop As you can see the current weekly candle using the Heiken Ashi chart is painting red. We would not be surprised to see a quick drop to the $1.70 area from the current $2.50. A 30% drop. Finding support on what we at SparksterSignals call the golden mean horizontal (dividing the chart visually between bear zone and bull zone). Following that correction we expect Tezos to break out strongly from the resistance trendline overhead to test it's ATH and enter price discovery mode in the sky's above.
BINANCE:XTZUSDShort
by Sparkster
4