Make or break time for TezosIf XTZ closes the week below $3.50, I'm expecting another three to six months until we come close to retesting $5.50. Bottom price target is around $2.25 by May if the bears win the rest of this week. If somehow XTZ manages to close the week above $4.25, this would be incredibly bullish and I would expect to see an enormous surge of buying follow. Needless to say, XTZ volatility has just begun. Perhaps the Tezos foundation could do us a solid and start exchanging the 20-30 thousand bitcoin it owns for Tezos.
Xtz
When will ALTSeason end? (is it over already)Short answer is no. I've seen BTC.D charts that show bitcoin dominance regaining, and that we are hitting a support line where altcoins will fall. I took some time to look myself and I think we're not there yet. As you can see in the chart we still have a short drop to the hard support line on the btc.d chart, we've also got this huge red ichimoko cloud opening up which in my analysis signals further down drop and should provide a ceiling over the next few (weeks/months?) to stop altcoincs from falling.
This could be the last hurrah for the time being, we've seen some serious consolidation / accumulation over the last week or so, and I believe with the volume dropping off, this is the time when prices can spike hard and fast. Thinking back to previous 2017 bull run, we're at the base of the cliff, just before the 2 week parabolic candles. Some coins have already done this (small cap alt coins) but some of the big names need to come out yet.
I'm talking Litecoin, Stellar, even plenty of room to grow still. I'll be watching ADA as well and Tezos. Tezos in particular seems primed for gigantic growth as it really hasn't popped off just yet.
This is not financial advice, do your own research.
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XTZUSD Tezos 1H Mostly Sideways ActionGood Afternoon Traders,
What a great time for BTC, DOT, BNB and others. Many eyes are on those coins right now with less focus on Tezos. With the recent run up of BTC, Tezos hardly reacted. My previous idea was looking like a good setup for Tezos to break out, however the bears heavily weighed in above $5.1 and the buyers didn't seem like they were too interested. Tezos is definitely trending upwards, but not at the velocity that most crypto traders are looking for.
I think there are 2 Major Resistance points and 2 Major Supports. I'm watching these over the next few days to see if there is a significant downtrend or uptrend, however it is likely that the price will stay between the minor support and resistance lines.
Thanks and have a great day!
Who will win the race? XBT, ADA, ETH, XTZ, LTCI hold all of these coins along with more in a more diversified portfolio. All of them have done extremely well, but the jury is still out on which will conclude this parabolic run up. It appears as though ADA has already made a large move, but still in its infancy. Dot came up and is experiencing the initial splash in the market along with the parabolic moves with other cryptos. Ethereum is largely used in financial transactions and other cryptos. XBT is the primary coin for all others to follow suit.
The question is, at the top of this, what will be the order?
My guess in order is:
1. ADA
2. ETH
3. BTC
4. LTC
5. DOT
6. XTZ
This is based on historical patterns and correlation with XBT along with trends. I think the biggest gainer in the next 3 months could be LTC. Other coins may be a contender such as Chainlink, Ripple, Stellar, and even Doge which has shattered all of these. LTC has yet to hit it's ATH, but all other coins have pretty much run up or exceeded their ATH. There are a lot of LTC hodlers out there. Tezos is going to sit out this run up and wait 3 years or so for the next bull market when the coin has established itself with more projects. Make sure you don't miss that one because the foundation has more liquidity and investment capital than any other crypto.
Tezos - 6hr is one to watchTezos is one to watch for a potential breakout. XTZ has a Symmetrical Triangle on the 6hr Chart with support from its Conversion Line (Tenkan Sen) and its Bollinger Bands Middle Band Basis. The RSI is indicating Sideways Momentum at around 56 indicating XTZ could potentially move much higher before hitting the overbought range. The MACD is also indicating we may get a MACD Line (Blue Line) cross back over the Signal Line (Red Line) which would indicate renewed upwards bullish momentum. Overall Volume is increasing slightly so we will have to wait to see if this 6hr candle closes in the green. Definitely one to watch. I hope this is helpful. Good Luck 🙏
💡 Don't miss the great Buy opportunity in XTZBUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (4.20). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XTZBUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 4.7680
TP2= @ 5.2300
TP3= @ 5.3115
TP4= @ 5.6550
TP5= @ 6.1510
TP6= @ 6.6780
SL= Break below S2
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💡 Don't miss the great Buy opportunity in XTZBUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (4.20). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XTZBUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 4.7680
TP2= @ 5.2300
TP3= @ 5.3115
TP4= @ 5.6550
TP5= @ 6.1510
TP6= @ 6.6780
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Tezos (XTZ) looks bullish, The breakout will be hugeTezos is looking bullish on the daily chart and forming an ascending triangle known as a bullish pattern and usually breaks out upwards. XTZ is not much pumped from its bottom while other alts are pumped 3-5x. There is a lot of room for growth for XTZ from here.
Buy Zone: 885-910
Target: 990-1110-1330-1445-1640-1760-1870-1980-2120-2330-2500
XTZ $10+ targetI have posted this chart before. The channel has held, the move to the upside is now happening. The XTZ/BTC cross is extremely oversold and moving to the upside.
It seems the more magnets I put on, the better. So I really piled them on this time for some extra upwards movement.
Targeting $10+
Cheers,
-Sherem