Welcome to XTZ/USDT trade setup update Welcome to XTZ/USDT 1DAY quick analysis
I have tried my best to bring the best possible outcome in this chart.
xtz/usdt currently broke the upper trend line and retesting, here we can take a position for 200% potential rally.
Entry:-CMP $2.91,$3.17
Target:-200%
Stoploss:-$2.52
With leverage 2x to 5x
And long term hold and good profit 😉🙂😊✈️✈️
Q:-What do you think about this?
Do you think we will see a new ATH of XTZ in the next quarter?
Share your views in the comment section.
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
Xtzforcast
XTZ/USDT 1DAY UPDATE BY CRYPTOSANDERSWelcome to this quick XTZ/USDT analysis.
I have tried my best to bring the best possible outcome to this chart.
Reason of trade:- XTZ/USDT Triangle pattern create and buy the dip and green zone
Entry:- $2.1
$2.6
Traget:- 75% to 100%
Stop loss:-$1.5
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language
Do hit the like button if you like it and share your charts in the comments section.
XTZ (Tezos) Coin Analysis 15/03/2021Fundamentals:
Tezos is a blockchain network that’s based on smart contracts, in a way that’s not too dissimilar to Ethereum. However, there’s a big difference: Tezos aims to offer infrastructure that is more advanced — meaning it can evolve and improve over time without there ever being a danger of a hard fork. This is something that both Bitcoin and Ethereum have suffered since they were created. People who hold XTZ can vote on proposals for protocol upgrades that have been put forward by Tezos developers.
This open-source platform bills itself as “secure, upgradable and built to last” — and says its smart contract language provides the accuracy that is required for high-value use cases. According to Tezos, its approach means that it is futureproof and will “remain state-of-the-art long into the future,” meaning it can embrace developments in blockchain technology.
The technology underpinning Tezos was first proposed in a white paper that was released in September 2014. After a series of delays, the Tezos mainnet launched four years later.
Although staking is common across blockchains, Tezos has a unique twist on this process. Participants can get involved with the network’s governance through “baking,” where they effectively stake 8,000 XTZ. This creates a financial incentive to act honestly.
Bakers are then tasked with voting on proposed changes to the blockchain’s code in a four-step procedure that takes approximately 23 days. Proposals that receive support from the vast majority of participants are put through their paces on a testnet for 48 hours and are fully implemented if they are backed by a super-majority.
Tezos is also unique because of how it has started to be used by high-profile businesses. In September 2020, it was announced that the French banking giant Societe Generale planned to use this blockchain for experimenting with a central bank digital currency.
Big cryptocurrency exchanges such as Binance and Coinbase have also unveiled support for Tezos staking, meaning users can receive rewards based on the XTZ that they hold. This is not a feature that’s seen too widely across digital assets.
Arthur Breitman was the man who wrote the Tezos white paper — and in a nod to Satoshi Nakamoto, he wrote his works under the pen name L. M. Goodman. He argued that one of Bitcoin’s biggest failings was the lack of a governance process that invited contributions from the community who use the network — as well as the fact that new tokens couldn’t be issued through this blockchain.
He and his wife Kathleen founded a startup called Dynamic Ledger Solutions which was tasked with writing the code that would underpin the Tezos protocol. This company was subsequently purchased by the Tezos Foundation to ensure that it owned all of the intellectual property rights relating to the network.
Technical Analysis:
there exist a Hidden Bullish Divergence with MACD Histogram which is the sign of trend Continuation,
there are total of 3 Targets Specified By Fibonacci Projection, where as the 3TP gets its confirmation as the price Triggers the 2 TP followed by Price Correction.
TEZOS (XTZ) - 6h. Buyers have started a new test attempt of $10If we look at the situation on the XTZUSDT market globally, we see how difficult it is for buyers to take control of the global range of $3.9-4.5:
The first attempt by buyers to gain a foothold above this range was back in February 2020. After the tragic events of March 13, 2020 across the entire crypto market, buyers rallied themselves. And on August 20, we again saw the test of this range. However, even large trading volumes did not allow the price of Tezos (XTZ) to gain a foothold above this liquid zone.
The current attempt by buyers to take control of $3.9-4.5 looks successful. Although buyers were unable to hold onto their initiative on February 21, the main trend line that buyers have held from January 2021 is holding firmly.
At the moment, after updating the historical high, buyers managed to keep the range of $3.9-4.5 and declare their readiness to continue the upward trend.
If you look at the local situation , the first liquidity zone on the way to the renewal of the high is in the range of $5.5-5.6. After fixing above it, you can buy XTZ with lower risks than now. It will be possible to buy this coin after breaking through the range of $6.1-6.3 . Considering the fact that the price of XTZ did not fall outside the black growth channel, the probability of growth above $10 remains high.
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XTZ - 6h. you need to wait for consolidation above the $4-4,5Slowly but surely, buyers have regained the initiative in the XTZ market. Having started a new wave of growth after a strong price correction on February 22-23, buyers managed to gain a foothold above the important range of $4-4.5 . This range was strongly defended by sellers in 2020:
However, only last month, with large volumes, b uyers managed to break through this range and catch the sellers' stop orders. Control over the price zone of $4-4.5 in February remained with sellers. After repeating a similar attack in March, but at low volumes , buyers managed to close the monthly candle above this range. Thus, we think that the majority of sellers have left the market and there is no way for the XTZ price to continue rising.
The final confirmation of this may be the price re-correction to the $ 4.5 mark. The first local target is $6.3.
Below $4, buyers will lose initiative and retreat to the range of $3-3.1. However, given the prospects for BTCUSDT to renew its all-time high and test the range of $65,000-75,000 , this negative scenario remains an alternative.
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!