Tezos (XTZ) - May 12Hello?
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(XTZUSD 1W chart)
(1D chart)
We have to see if we can ascend above the 6.98468499 point.
If it falls, we need to make sure it is supported at 6.02427542.
If it falls at the point of 4.94056772, a Stop Loss is required to preserve profit and loss.
However, you need to trade carefully as you can touch the 4.11994017 point and go up.
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(XTZBTC 1W chart)
(1D chart)
We have to see if we can get support at the 1237 Satoshi branch.
If you fall from the 1103 Satoshi point, you can touch the 983 Satoshi point, so you need to trade carefully.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
XTZUSD
XTZUSD Tezos 1D Respecting Upper Resistance and Lower SupportI believe Alt season is still upon us until we see a turn below a very strong support level. Despite the lack of news and glamour for Tezos, it still has legs. Tezos appears to be one of the few alts this season that has not yet really had a breakout to 3x and higher going back as far as October and November. Since that time, ADA, LTC, ETH, BCH, DOT, UNI, XDG, and XRP have all atleast gone 3x or further. Exposure to some of those other alts would have been a good move in addition to Tezos. I am long in those other alts as well as Tezos.
Based on the trend of Tezos, we seem to be bouncing between the support and resistance lines upward. I wouldn't necessarily take any action now either buy or sell, but wait for further entry in the buy zone and look for opportunities to sell in the sell zone. We could see Tezos in the next 3 weeks go down to $4.98, don't panic unless the daily closes below that, use that as an opportunity.
I hope this helps
Note:
Due to unforeseeable events that may occur due to twitter , bitcoin news, SEC, Pandemic's, or huge moves in bitcoin , don't hold to this chart. This is purely my analysis of what I think might play out. I've been right and I've been wrong, due your own due diligence. I'm not a professional trader, but someone trading in this space for several years. If you like my analysis or what I'm doing, give me a like.
A GIFT VIP SIGNAL TRADE 💸💎BREAK OUT CONFIRMED !!!
take a part safely✌
⚠️ future tarde ⚠️ (x5)
✅ Buy: 7 - 7.35 ✅
🎯TARGETS:
1- $ 7.66
2- $ 8.50
3- $ 9.25
4- $ 9.92
5- $ 10.5
💵 Trade Size: 5-7% of Portfolio
🚫Invalidation(SL): daily candle close below $ 6.41
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MY MINIMALIST CHART ANALYSIS FOR $XTZ$XTZ TEZOS ON A DAILY CHART
5.10.21 1058H +8 PACIFIC
MY PRACTICE MINIMALIST ANALYSIS
ENTRY AND EXIT POINTS FOR A SWING TRADE
USING RANGE BOXES AND FIBS (NO INDICATORS)
Note:
Run your Fibs to verify
price action corrections and extension
levels. The Range boxes by themselves are
used as confluence to The Dynamics of
the Market.
Check pattern formations and candlestick
formations if you wish.
This is not a piece of financial advice.
I am just a student and still learning.
Adjustments will be made in
accordance with The Dynamics of the
Market along with Trading Psychology.
Postings are most often delayed, as it
takes time for me to finish several
assets in my portfolio.
Updates will be posted religiously if time
permits.
Update: Tezos continue up to $7.70 USDWe're in profit in Tezos. Congraluations. My entry was perfect!!!
Now, I put a break even in the entry price that in the second time, we re-entry in Tezos. My entry was around of $5.75 USD. I move the SL at $5.70 USD for just 5 cents. But we're in break even cut the loss.
s3.tradingview.com
Now, in Daily timeframe, Tezos explode!!! For that, we're bullish, we can to consider to entry in the second trade in the support of $7.70 USD. but we hope. At the moment, I'm in Ethereum and in profit both in these trades.
Tezos is going to the moonBINANCE:XTZUSDT
KRAKEN:XTZUSD
BITTREX:XTZBTC
pixiutrades.files.wordpress.com
Tezos has been consolidating for a long time. It has completed the first 7 steps of a typical Jesse Livemore's pattern. There will be a huge leg up.
Fundamentally, the ecosystem of Tezos is enriching. Tezos NFT marketplace hicetnunc.xyz is drawing a lot of attention. Soon there will be a third DEX on Tezos -- the TezosSwap (previously we have Dexter and Quipuswap). It's said yield farming will be listed on TezosSwap. Let's see if Tezos will follow the path of Solano and BSC system.
As a major player in smart contract public chain, Tezos market cap is caught up by a lot of new comers. But it belongs to the Top 10 coins.
Top target is 100x from its very bottom. So I'm expecting 50 usdt or more at the peak of bull market.
XTZ/USDT is pretty much like DOT/USDT
XTZ/USDT has formed a reversed head and shoulder as well. the situation is pretty much like DOT/USDT ! the pullback has been done and the price is ready to ascend into higher values!
XTZ/USDT is pretty much like DOT/USDT:
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
Xtzusdt Breakout expected for ath 🎊Hi welcome to my new idea on xtz. Xtz is in uptrend channel and recently it recovered this trend and also it has broken the downtrend channel it formed . Now as it is moving in uptrend it has a big resistance once it clears that good entry for long is best and will see ath after that.
Waiting for breakout!!!!
Let me know your ideas 💡 in comments
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Alert: Tezos confirm this shoulder head shoulder invertedI entry in the market price in Tezos, I know clearlfully that Tezos go back to $7 dollar I see that Tezos it's sound interesting, I entry in Tezos right now, becuase this trade could to bring us a good profit at $7.70 USD. You can to entry in Tezos right now and put a long position until $7.70 USD and the SL will being $4.90 USD.
So guys, we see a shoulder head shoulder inverted, and break out this neckline and if you check the Daily chart, and looking the price action, the yesterday candlestick closed up extremely bullish, look below:
s3.tradingview.com
For that, I will going to entry in Tezos to long position until $7.70 USD
And guys, I have a surprise for you, I decide to move all my Ehtereum trading account to Dogecoin trading account in Simple FX and in some minutes, I will going to explain whey I make it. I just move until 10,000 Dogecoins that I convert in Ethereum to accumulate Dogecoin, until reach the 100,000 Dogecoin, I decide to withdraw to use and invest in Cardano, also notice that Dogecoin could to growing up than others cryptocurrency, i will going to discuss it why. But if you're interesting, you can to open up a Simple FX account broker to fund your Dogecoin to make trading, I thinking that making trading and get proits in Dogecoin plus the price continue ascending to up, I can to buy more Cardano like 50,000 Cardano coins thanks for Dogecoin to make trading. For that, this will be an exquisite huge profit in Dogecoin. For that, I decide to pass just 10,000 Dogecoin to accumulate much more.
XTZ $10 is comingXTZ breakout the $5.5 resistance and now retesting it. There is also a double bottom pattern on 1-hour chart. There is a lot of accumulation happened in XTZ and a rally is pending. Grayscale is buying XTZ and we see a huge rally in XTZ.
Buy Zone: $5.35 - $5-55
Target: $6.1 - $6.75 - $7.3 - $7.95 - $8.8 - $9.75 - $10.6 - $11.5 - $12.8
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/BTC good buy opportunity (100%-400% possible).+ Price is still consolidating (green) after printing bullish divergence on both RSI and MACD (orange)
+ Increased volume in last four months.
+ Still no significant upward movement comparing to other altoins.
+ Bitcoin just finished it's correction so it's much safer now to go back to altcoins market.
Strong resistance levels at 19k and 36k sats.
Good luck!