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Tezosusdt

XTZ (Y20.P2.E2).More to go downHi All, Short to the point as the chart shows more observations and thoughts: Observation: > The momentum like BTC is on the downward trend, even though XTZ is in an upward bound trend. > We are looking at having a higher low and I have confluence with the EMA, previous support and bottom trend line with the anticipated bullish formation that D is the target. > The MACD and the RSI on the daily are pointing for more downward movements as well. Thoughts: > As per the chart, I see Tesoz with more losses to be had headed for the 100 to 150 EMA on the daily. > Another 10 days or so, of this price action in this mini channel. > Short term, on the hrly or more, bullish divergence being created. Regards, S.Sari
BITFINEX:XTZUSD
by ssari
2
Breakout update: Tezos (today) vs. Ethereum (2017)After Ethereum broke through it's initial trading range, price increased by 160% in 5 days. It then fell 45% the next day, but quickly rose back and resumed the bull. In less than 2 months, ETH rose from $22 to $100. Tezos had a similar, albeit less dramatic rise, after breaking it's trading range - climbing 93% over a 7 day period. It's currently down around 25% from it's high yesterday. Will be interesting to see how this comparison plays out over the medium term.
BITFINEX:XTZUSDLong
by m00nsnacks
XTZUSDT: Looking for an Entry Point for Tezos Bitcoin continues to print large green candles, recovering quickly against corrections - we're in a real bull market guys. Another sign of this is altcoins, which began to rapidly recover after months of losses; first of all exchange tokens ( HUOBI:HTUSDT , BINANCE:BNBUSDT ). But better not to chase pumps but find new ones, therefore It's finally time to start to sizing up different altcoins. Tezos ( BINANCE:XTZUSDT ) looks like a beast - it crushing one resistance after another. Volume is outstanding as well. I don’t have any idea how long this will continue, but it looks parabolic already. Thus, assuming bitcoin bullishness I would like to have a position in it, but I don't like to buy at resistance, so I think if we get a pullback I would buy at > $2.65 - $2.5 Information is just for educational purposes, never financial advice. Always do your own research.
Long
by Bitduke
Breaking out of trading ranges: Tezos vs. TeslaWeird comparison - I get it. But I want to showcase what can happen when something breaks out of a long-held trading range. In the week of December 16th, Tesla broke out of its 2.5 year trading range and has since climbed over 150%, culminating one of the most impressive month and a half runs ever. Similarly to Tesla, this past Sunday, Tezos broke out of its trading range that it held for nearly a year and a half. This idea illustrates where Tezos would be it it followed Tesla's breakout pattern --- roughly $3.50 by the middle or end of March.
BITFINEX:XTZUSDLong
by m00nsnacks
1
XTZUSDT formed bullish Cypher | Upto 38.5% bullish move expectedOn Nov 1st I published the idea of Tezos / US Dollar and it produced more than 121% and below was the idea: Now the price action of World's 10th ranked largest cryptocurrency out of more than 2300 cryptocurrencies Tezos (XTZ) has formed bullish Cypher pattern and entered in potential reversal zone and ready to take bullish reversal soon at any time. This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone. Lets have a look on the dimensions of Tezos (XTZ) price action's harmonic move: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci (The exact measuring is 0.446 Fibonacci) and then B to C leg is projected between 1.272 to 1.414 of A to X leg's Fibonacci projection (The exact projection is 1.333 Fibonacci) and final (C to D) leg is retraced between 0.618 to 0.786 Fibonacci projection of X to D leg as required for perfect bullish Cypher and now the price action is entered in potential reversal zone of this bullish Cypher pattern, now we can expect bullish move at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move. As per Fibonacci sequence method we can set our targets as below for mid term trade: Buy between: $1.3655 to $1.2356 Sell between: $1.4677 to $1.7140 So this trade has potential to give upto 38.5% gains. Regards, Atif Akbar (moon333) The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Cypher pattern if you find any flaw or you have any suggestion feel free to share with me in comments section. Regards, Atif Akbar (moon333)
Long
by moon333