Xtz
2.12.2020 - Tezos (XTZ / USD)Hi Traders!
Today we look at one of the most popular cryptocurrencies and that is Tezos (XTZ). What does the chart look like? For the purposes of this analysis, we will use a daily chart as we want to see the overall trend. Tezos also went through a slump this year caused by COVID in March. Subsequently, it rocketed and fell again. Let's look at the overall structure.
Tezos wrote off up to 78% of its growth, which is confirmed by the value of 0.786 fibonacci retracement. Tezos was quite good to us also in the falling wedge he formed. At this point, several interesting levels met:
1. Support on the daily chart
2. Fibonacci retracement 0.786
3. Turning pattern - falling wedge
You can see the bottom of the chart, and a reflection has come from this level. The chart has currently stopped at MA21, but this should only be temporary. In time, we expect an attack on the new ATH and the upper edge of this great channel. In general, we see a value of about USD 5, which would represent more than 100% growth. However, it is important that we stay in this channel and not fall below the bottom trend line. So the tariff is USD 5.00.
May the crypto be with you!
XTZ is getting ready for nice bullish movementXTZ has been hovering in the $2.20-$2.50 zone for a while, creating a local support on the 2 & 4 hourly, as well as the weekly charts. There were a few breakout attempts but the 2.90-3.00 resistance was too strong. However, with the current worldwide interest in crypto, the price should break through easily in the near future. This creates excellent profit opportunities. Of course, this all depends on BTC holding it's price, which I expect it will do at least until New Year's.
The current targets are:
T1 - $2.90 - approx. 22% profit
T2 - $3.50 - approx. 47% profit
T3 - $4.00 - approx. 68% profit
T4 - $4.50 - approx. 90% profit
As per usual, this is just my personal opinion, not a financial advice. Please do your own research.
Here's the 2 hourly chart
and the 4 hourly
$XTZ - Correction made aswell as 1D MACD flipping + This can be a nice long i have went with a stop loss below the low around 1.77ish, Right now bullish momentum looks good lets see how this plays i will be holding for a long time. Targets can be anywhere from 7$-13$ I will be taking prfoits on the way up and trailing stops. This is just my own thoughts please use this with your own stragety :)
XTZ gaint ascending channelZTX/USD
🌟 Techincal Analysis🌟
Not a much talking
gaint ascending channel
If the price can hold above 1.77$ this idea is active
Note : not a buy signal from this point
Signal comes with buy area and stop loss and sell targets
Just directional route for who already in (long term)
Good luck and happy trading 🌹
XTZ, Confirmed breakout from falling wedgeAs you can see, XTZ has broken out of it's falling wedge formation, signaling a temporary bottom.
In addition, the price has retested the previous breakout line and appears primed to continue upwards.
Next major resistance looking to be around the $3.02 level. Ultimately, if the formation plays out, target #1 will be in the $3.50 zone.