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Xtz

📈XTZ: pullback and trap by the whales! Should you open a long?📊Tezos (XTZ) looks stronger than the most of altcoins. After the fall, it almost didn't consolidate and started to grow, which shows high demand. But a local pullback is possible. How will it happen? 📊The price is now in a triangle and a pullback is possible under the lower boundary of this triangle in order to collect liquidity (stop losses) of long traders below key level $1.76. False breakout return the price in the triangle zone and make short traders, who will open shorts on a breakdown, push the price higher and higher, closing their losing trades. 🚩It's essential to look at volumes. Exactly on the volume indicator we can see the confirmation of our idea. The growth of volumes will show that a large number of trades have been made, which means there is interest from a big player. ✅The first target will be the key level of $2.88. 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
2
ETH2 "Merge" to Come in Aug. ETH/XTZ Rivalry Renewed?The Ethereum Foundation announced a soft-deadline for the long-anticipated ETH2/Consensys/"Merge" - which will move ETH's current proof-of-work systems over to proof-of-stake. DeFi and finance people tend to prefer PoS over PoW as an economic engine since it's more similar to how the banking industry operates. It also had the added benefit of being more secure, energy efficient, and easier to understand. The ETH team may have been feeling the pressure to do the migration sooner than later due to high gas fees having chased a lot of the developers and artists in the ecosystem off the chain - but may have been bogged down by speculators and miners who did well during previous runs and don't want things to change. The migration to PoS this summer needs to be smooth and without incident if the coin wants to maintain its long-term lead. But since they're dealing with legacy PoW systems that may or may not lead to complications down the line (on top of the politics of it all), we don't know how things will actually turn out. ETH's validator systems (XTZ has a similar system called "Baking") currently requires a massive 32 ETH investment - of which you have to sign a waiver agreeing that there is no definitive date where you might see your money back. In theory, post-merge the initial validators *should* be able to withdraw from the system but if this happens en-masse it could potentially spell a disaster for the project as a whole. A lot depends on how the ecosystem develops post-merge. (Though there is - to be fair - the potential for interest rates to shoot up in order to compensate for its loss.) Another worry for ETH is what will happen to the price post-merge - in theory, the system itself will "burn" its money supply to keep prices high, but in crypto utility coins and speculation coins are often correlated in an inverse manner. The team reassures investors that their money is safe, but given the new and unprecedented nature of this "merge", there still are no guarantees. In the meanwhile projects like Tezos (XTZ) - which has been proof-of-stake from the very beginning when it was proposed in 2014 - have been making moves both in the Web3 space and in the markets - one of the few coins this week that managed to remain in the green. It's also one of the chains that artists, developers, and businesses have flocked to after ETH's gas fees started becoming untenable, and we see signs that lesser known projects like these are starting to become more "viable" in recent months. Tezos' protocol was designed specifically for stability - it doesn't require hard-forks for upgrades, offers staking rewards (4.63% on Coinbase for merely holding it - ETH2 currently offers 3.675%), and has historically always had low gas fees, even during the craze of last year. Many people - especially in the arts and NFT spaces - have noticed and have migrated over. (e.g. https://teia.art, objkt.com.) The two chains historically have always had a rivalry of sorts, back when Ethereum decided to go with PoW, whereas Tezos decided to go with PoS as its Layer-1 from the very beginning. Tezos has remained mostly quiet during the bull runs of the last few years, but as the merge date gets closer, we might start to see this old rivalry re-emerge again.
Long
by RyanTanaka
Crypto Decouples From Stocks. Is the "Flippening" on its Way?On Friday the (currently volatile) stock market rallied a little, putting Wall Street somewhat at ease. But an interesting thing happened that day that never happened before - crypto assets actually went down, instead of up. If you're a crypto holder you're probably prefer to see the pattern reversed, but it's still an interesting pattern worth exploring further. If crypto and stocks are finally "decoupled", does this mean that when stocks go down next time, crypto is going to go up? If so, when the recession hits later this year, it could mean good things for the crypto ecosystem, long-term. The "flippening" may well be on its way. Many investors are waiting to see what happens on Monday, when Wall Street opens up again - the fiat markets are likely to go down again in response to Friday's rally, at least in the short-term. How will crypto assets respond to this event? Will it move in parallel again? Or will it do its own thing? Also a few comments about Tezos (XTZ) and Dogecoin (DOGE) that displayed independent movement on Friday as well.
Long
by RyanTanaka
TEZOS - STABLE STABLECOINSWhich is the safest stablecoin? USDC gained in market capitalization while USDT slipped billions of dollars post UST fiasco. Stablecoins form a crucial part of the crypto ecosystem bridging traditional currencies and crypto assets. They contribute to more than 90% of the all crypto transactional volume on a daily basis. It has received widespread adoption mainly because of the fact that it is stable (as it is pegged to an external asset in most cases). However, stablecoins has received a lot of flak in the past and has intensified recently since the downfall of algorithmic stablecoin TerraUSD (UST). Market participants prefer the non-volatile nature of stablecoin especially during periods of high volatility and uncertainty where profits from crypto are moved into stablecoins waiting for the right buy opportunity. With Bitcoin (BTC) currently well on track to register losses for the eight consecutive week and the negativity surrounding the stablecoin ecosystem, it is time to discuss the safety of the most prevalent stablecoins in the market. In today’s article, we will analyze the top 2 stablecoins and understand the tradeoffs between them. Tether (USDT) Tether (USDT) is the top stablecoin of the crypto market. With a market capitalization of $74 billion, USDT is the most transacted and US dollar-liquid stablecoin making it one of the strongest contenders for the safest stablecoin. According to Tether, it has never failed to process a redemption request for USDT at a value of $1 per USDT token since 2015. When a depeg occurs, it doesn’t mean USDT is no longer backed by 1-to-1 with reserves, or that USDT peg is lost, or that Tether redemptions are being processed at less than $1 per USDT. It just indicates that selling pressure on exchanges has dried up the liquidity. In instances where exchange liquidity is too low, investors come to Tether to request a redemption. On May 11 and 12, the price of USDT deviated from its typical price of $1 on a few exchanges. This caused investors to purchase USDT on those exchanges for a discount and then redeem those USDT tokens with Tether on a 1-to-1 basis for a profit. Since May 11, Tether reported that it has successfully processed $7 billion of USDT redemptions (for 1-to-1 with USD peg) for verified individuals. The size of this redemption has earned the trust of investors and has explicitly shown the capability of USDT to handle redemptions. USDC or USDT? During the recent crash post the UST drama, when USDT slipped in billions of market cap, USDC has increased its market cap from $48 billion to $52 billion. Though not a great jump, it shows that USDC might be well on its way to give a tough battle to the market leader and become the most trusted stablecoin during unstable times. Despite the large number of stablecoins (both asset-backed and algorithmic-backed) available, USDT and USDC have a commanding presence in terms of liquidity, security and market cap. In terms of market cap, USDT is the sole winner but when it comes to transparency, USDC has a clear upper hand. However, we strongly encourage investors to only use stablecoins for short-term trade objectives and refrain from investing in them for high-risk interest rates. Bitcoin is and will continue to be the safest crypto asset in the market. Long on TEZOS here, the FXPROFESSOR
Long
by FX_Professor
2
#Tezos Stabilizes, but XTZ Is Bearish Below $2Past Performance of Tezos Technically, XTZUSDT remains in a bear breakout formation despite recent gains at the tail-end of last week. Tezos is trading at near 2022 lows, posting lower lows versus the USDT when writing. The coin is down four percent in the past 24 hours but at near break-even in the past trading week. #Tezos Technical Analysis Presently, XTZ is in a tight $0.05 trade range with clear resistance at $2 and $2.6. In the immediate term, the coin has support at $1.5, flashing with 2022 and last week's lows. Since there are lower lows and prices are within May 12 bear candlesticks, sellers may find entries to liquidate, targeting $1.5 in the short term. On the reverse side, sudden flash gains above $2 may trigger demand, pointing to price reversals (XTZ bottoming) and the current consolidation as accumulation. In that case, XTZ may float to retest Q1 2022 lows of $2.6. What to Expect from #XTZ? The primary trend is bearish and XTZUSDT below the middle BB. The failure of buyers to build on last week's gains points to general weakness and dominant sellers. Nonetheless, the tide could shift if XTZ floats above May 12 highs, setting the ball rolling for a possible surge to Q1 2022 lows. Resistance level to watch out for: $2 Support level to watch out for: $1.5 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Tezos Snaps back, adds 10% but will #XTZ clear $2?Past Performance of Tezos XTZ prices are printing higher at spot rates, adding 10 percent in the previous trading day. Like the rest of the crypto markets, the coin appears to be finding its footing after deep, double-digit losses of the past trading week. Overall, sellers are still in control though the tide could change in the immediate term if XTZ prices are sustained above this week's lows. #Tezos Technical Analysis Tezos bears have been brutal in the past few trading days. As per the arrangement in the daily chart, sellers are still in control. However, the recovery on May 13, reversing the losses of May 12, may signal exhausted bears. Nonetheless, it should be observed that since XTZ prices are within a bear breakout formation below H2 2021 lows at $2, sellers have the upper hand. Optimistic buyers expecting recovery can wait until there is a comprehensive close above $2 before loading on every pullback lower. Conversely, it would be dashing if XTZ slips below $1.4. In that case, there will be confirmation of the May 9 bear breakout, setting the pace for further losses towards $1, registering new 2022 lows. What to Expect from #XTZ? Tezos is within a bear breakout formation as per the formation in the daily chart. The reaction at $2 would confirm whether the bear run is over or the current trend will continue. Resistance level to watch out for: $2 Support level to watch out for: $1.4 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
XTZ triangle breakout 📐Tezos broke up this triangle📐 and I think there is chance for run to 5 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback. ENTRY : local high @ 3.242 STOPLOSS (SL) : local low @ 2.857 TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 5.080 REWARD RISK RATIO (RRR) : 4.7 INVALIDATION : when SL level hit Check my other stuff in related ideas. Please like👍, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Long
by bizmark
13
XTZ (TEZOS) ANALYSIS UPDATEGood analysis is not the one that is perfect but the one that has numerous backup plans to reduce probability to the minimal. Following XTZ for the past few days we have 4 different pattern in place the up trendline which failed along the line, the Wolfe pattern which was truncated, the ascending triangle which as well failed (got me remembering the old time rule which says never risk more that 2% of your portfolio on triangles), and finally, the rectangle pattern!. Now its heading towards resistance of the rectangle. if price closes above the rectangle with volume then go long else, watchout it could still go back to it origin.
by DewyCandles
XTZ broadening wedge#XTZ/USDT $XTZ is inside weekly broadening wedge pattern, and price is near lower line. 🐮 holding the lower line of wedge that is the same with support zone, will increase price to resistance around $4 and break out from this resistance will head up price toward resistance of 0.5 fib level that is the same with ascending trend line. break out from ascending trend line in long term will increase price to upper line of wedge that is the same with 1.414 and 1.618 fib levels. 🐻 break down from lower line of wedge will drop price to support around $1.5.
BINANCE:XTZUSDLong
by parissap
2
Is the Bottom in for XTZ??? Might get in trouble for sharing this little dose of hopium because the recent downtrend definitely does not support it... but screw it!! Some very bullish news pumped XTZ's price last week when Ubisoft announced it would sell gaming NFTs on the Tezos network through marketplaces Objkt and Rarible, which just launched integration with tezos. bitcoinist.com Obviously, the whole altcoin market, more or less, is at the mercy of bitcoin, and the whole market is fearful right now. We are still technically in a macro uptrend, which means this might be an ideal time to buy... unless this is the start of another "crypto winter," or bear market. No one knows for sure, but either way, we will surely get a relief rally out of BTC & alts, even if it's only temporary. XTZ has found local support. Pattern wise, this could potentially be an inverse Head & Shoulders; XTZ could also be at the bottom of an ascending channel, or could possibly form a diamond pattern, which could also build support for reversal ideas. One should never try to force trades, but hey, it sure feels good to call the bottom ;) Just remember to set stop losses. happy trades, CD
XLong
by cryptodonovan