Xtz
Positive Trend Begins In Tezos (XTZ) Token, May Hit $8.80Tezos token price was trading at $5.50 with 2.30% positive daily and 12.77% negative returns in the weekly period. Technically, the price took to support and recovered from the bottom. Hence, Indicator MACD signals positive crossover above the signal line. The Parabolic SAR also signals a buy signal in the coin. With the support of buying pressure, the price may hit the resistance level of $8.80 positionally in upcoming trading sessions, which will give returns up to 50% to the investors in the long term.
Resistance: $6.15
Support: $4.80
Not sure why everyone has missed this, but it's not too late.I posted this idea a week ago and no one seems to see the obvious pattern.
Buying at 4.9 USD
SL 3.8 USD
Looking at 100% gains, due to the previous jumps from this support level always leading to 100% gains. If XTZ falls past this level, we're looking at a significant drop imo.
If Bitcoin continues dropping this may be invalidated, otherwise, the pattern is clear and straightforward.
XTZ moon shot $8, $9, $10?XTZ has double tested the 6.00 mark and shown strong support. 3H chart shows a clean 'inverse head and shoulders' pattern forming. If this is the case than we are in for a wild ride. Possible that 6.20 range will be reached one last time before beginning the leg up. If this plays out I could see the following targets 8$, $9, $10 being very reasonable. These are new highs for XTZ so it is hard to say where the top will be. XTZ/BTC chart shows ready for breakout as well. When both XTZ/BTC and USD pairs begin moving up simultaneously we will see fast movement upwards.
XTZ ready for next leg upXTZ is now at the horizontal support area and also respecting the uptrend line. If you missed entry in XTZ earlier you can build your position here for the mid-term. Tezos has one of the most active teams in the crypto community.
Buy Zone: $5.8 - $5.9
Target: $6.4 - $6.9 - $7.6 - $8.2 - $8.95 - $9.7 - $10.3 - $11.4
XTZ - Correction (As you asked)Same idea as the previous THETA chart.
XTZ looks weak, it has two strong support areas to hold the price up and also two resistance areas which might cause more correction.
If you're into opening long positions then wait until the price crosses the resistance areas and then after the first 4H confirmation, open your long positions and aim for the target.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
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XTZUP Bullish ScenarioIf XTZ can start to turn up on the /btc side of its market pairs - xtzup could continue to extend the local reversal into on a positive trend to new highs. This is NOT financial advice and is for educational purposes. The projected path is not a prediction, price action will deviate on the way, it is simple a reflection of potential areas of localized resistance and support within the price action on the way up and back down. This is mostly to test an idea.
XTZUSDTTezos bias is obviously bullish and all the slippage are counted as correction like this one (which can still continue dipping but still nothing to worry about)
it might forming the unofficial "mountain formation" from this point and with that all our target will be viable
anyway the candles shows the bulls still in front seat and ride this chart to the top and go for ATH step by step just be patient
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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.