XTZ/USDT Break out the resistance or rejected again ?? 💎 XTZ has undoubtedly captured our interest. After facing a significant rejection upon hitting a robust resistance zone, XTZ is now retracing to the support level at $0.685.
💎 For a potential rebound, it's crucial for XTZ to exhibit bullish candlestick patterns within this support zone, signaling a possible return to challenge the strong resistance.
💎 However, if XTZ fails to hold its ground at this support, there's a risk of it descending further towards a more substantial support zone.
💎 On the flip side, should XTZ successfully breach the formidable resistance, it could usher in a bullish phase for the asset, paving the way toward the bearish OB region.
Xtz
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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XTZ/USDT WHAT NEXT? 👀 Tesoz today analysis💎 Paradisers, turn your attention to XTZUSDT! We've observed it poised for a remarkable move, having recently retested the descending trendline and now setting the stage for potential outcomes.
💎 A brief retrospective reveals that Tezos has been adhering to a descending trendline, facing rejection thrice. Interestingly, it managed to break above this trendline only to face another rejection from the upper daily resistance.
💎 Currently, as it retests the trendline, there's a strong likelihood that, after a minor pullback, it might experience a decline.
💎 However, there's a silver lining. Should the price surpass the 0.700 mark, we're hopeful that XTZ will embark on a bullish journey, potentially reaching the Extreme and Bearish OB and supply zones.
💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights!
XTZ Wave 5
The broken flag from my previous post led to new lows as expected.
In my primary count, we are already on green wave V, which would soon lead us to bullish price action.
But soon doesn´t mean now... I´m waiting for further price action to see if bulls step in, beginning with a break of the green descending trendline.
XTZUSDT where to buy for a long termLet's take a look at Tezos.
The final capitulation may be just around the corner.
Tezos looks very weak. No buyers .
Downtrend continuation is very likely.
Where to buy? 0,35$ - 0,45 $ seems to be a reasonable price.
Can it go lower? Yes, if the sentiment gets more bearishness on it, Tezos will go lower so you can place some orders at lower prices.
Remember:
Buy low, sell high. You can become rich only if you buy cheap in the bear market. Buying when the price is rising in full bull mode will only get you rekt.
Enjoy and good luck
XTZ ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to SELL/ZONE the XTZ symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
XTZ/USDT - Tezos: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the CRYPTOCAP:XTZ / CRYPTOCAP:USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.78 | 0.842 | 0.943, and the major support zones can be found at 0.679 | 0.64 | 0.539. Consider entering a trade at the current price zone of 0.791 and targeting higher levels.
◰◲ General info :
▣ Name: Tezos
▣ Rank: 59
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Tezos is a multi-purpose blockchain which aims to combine a self-amending protocol and on-chain governance to manage future changes and implementations to the network. It supports the creation of new tokens and smart contracts (thus decentralized applications or dApps). The on-chain governance system enables token holders to make decisions together and improve the network over time, as opposed to the less-inclusive off-chain governance models used by Bitcoin and Ethereum.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.791 ₮
▣ 24HVol: 2,645,932.962 ₮
▣ 24H Chng: 4.216%
▣ 7-Days Chng: 9.34%
▣ 1-Month Chng: -11.91%
▣ 3-Months Chng: -30.21%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.78 | 0.842 | 0.943
◢ Support: 0.679 | 0.64 | 0.539
◱◳ Indicators recommendation :
▣ Oscillators: SELL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -3.31
▣ Last 90D: -2.83
▣ Last 1-Y: -0.49
▣ Last 3-Y: 0.18
◲◰ Volatility :
▣ Last 30D: 0.55
▣ Last 90D: 0.49
▣ Last 1-Y: 0.75
▣ Last 3-Y: 1.13
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.62 - Bullish
▣ Reddit sentiment score is 0.76 - V. Bullish
▣ In-depth XTZUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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Resistance at $0.870, Potential Support Test at $0.772The price of TEZOS has encountered significant resistance at the $0.870 level, resulting in a rejection. Currently, a local support level has formed at $0.772, suggesting a potential test of this zone before any further upward movement. It is worth noting that a major support area is situated at $0.700, which holds significant importance in the price structure.
XTZ Tezos Double BottomXTZ (Tezos) is currently exhibiting a falling wedge pattern combined with a double bottom formation, which suggests the potential for a bullish reversal in the future. This technical setup indicates that selling pressure may be waning, and buyers could potentially regain control.
Considering this pattern, it is reasonable to set a price target of $1.20 for XTZ.
Looking forward to read your opinion about it.
XTZ IS BEARISHHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the XTZ symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
TEZOS long #IntradayMany coins have this formation, I chose Tezos.
If you look, you can find it on many mid-cap coins.
The price was sideways for 2 weeks, large volumes, the sellers' efforts did not lead to a break-down (bid delta) + false-break + break-up on volume.
Stop behind the volume candlestick from where the movement started for 0.905 (about 3%). Targets on the markup, as the price rises, be sure to reduce the position.
Support the author subscribe ✅ and start rocket 🚀.
Good luck and profit to all.
Tezos (XTZ), Descending Trend and Critical Support LevelsXTZ (Tezos) has been experiencing a downward trend over the past few weeks. Following a decrease in demand around the $1.15 range, the price of XTZ failed to maintain itself above this level. As a result, the currency's value continued to decline, indicating a further drop in the daily timeframe and a potential return to the weekly support level.
It is crucial to highlight the significance of the support range between $0.80 and $0.750 for XTZ. This range has played a significant role in supporting the currency's price. In the current scenario, it can be considered as an important level of support.
Notably, the selling pressure for XTZ remains remarkably high, as evidenced by the bearish candles persisting for four consecutive weeks. However, in the 4-hour timeframe, there is a possibility of witnessing signs of a trend reversal upon reaching this support level. If such indications manifest, we can anticipate growth and positive fluctuations in the price of XTZ.
Therefore, it is important for traders and investors to closely monitor XTZ's performance, paying particular attention to any potential changes in the trend and the behavior of the price at the aforementioned support level.
XTZ a possible Breakout XTZ shows a perfect Accumulation on both wave pattern and a support bounce at 0.94 areas.
If it crosses 1.06-1.08 with a proper market sentiment we can see it reach the previous resistance above mentioned In the chart. SL at 0.92 can be a good entry WEF BTC behaviour isnt bearish.
XTZUSDT short term uptrend is almost imminent!XTZUSDT has exhibited an impressive rebound off the key 61.8% Fibonacci retracement support level, suggesting strong underlying demand from market participants. This bounce has created an intriguing setup for a potential upward move toward the next 61.8% Fibonacci retracement level, which is likely to serve as a formidable resistance barrier. The confluence of Fibonacci retracement levels with other technical indicators can often provide valuable insights into potential market trends, making this an exciting development for traders and investors alike.
XTZUSDTXTZ has strongly broken up the accumulation triangle and the MM200 and is now chasing the upper edge of the Keltner channel at 1.147
Tezos is a layer 1 (L1) independent blockchain, which means that it runs independently. One of the main advantages of Tezos is on-chain governance. This means that the core protocol can be updated through a democratic process, integrated into the blockchain code itself.
On-chain governance allows regular fork-free updates without the need for complex consensus and policy.
After a proposal is injected, voting is done on the chain and anyone who owns XTZ has voting power. After a majority vote, the protocol automatically implements the update without third-party interference.
Follow the support and resistance on the 8H
S: 1,038 / 0,945
R: 1,147 / 1,205