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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XTZUSD
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!
Tezos (XTZ) - April 20Hello?
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(XTZUSD 1W chart)
(1D chart)
We have to see if we can get support and climb in the 5.24949870-5.24949870 range.
If it falls at the point of 4.11994017, a Stop Loss is required to preserve profit and loss.
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(XTZBTC 1W chart)
944 Satoshi-1164 Satoshi We must see if there is any movement that deviates from it.
In order to continue the upward trend, it must rise above the 1164 Satoshi point and receive support.
(1D chart)
It remains to be seen if it can rise along the short-term uptrend line.
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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.)
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G1: Closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Hard Pullback and then Moon?Looks like a leading diagonal to me.
I'm seeing this same pattern in a lot of cryptos but at least this one is a leading diagonal. The one on bitcoin is an ending diagonal...
So I think bitcoin will continue to sell off and offer us a chance to pick up some more alts on sale!! :)
XTZ/BTC DAILY CHART/ Double bottomHello Dear Traders!
I have taken a close look at XTZ in the daily chart. We form here a nice double bottom if we have here the daily confirmation with a nice volume we will continue to rise to the breakout traget of 0.00017944 btc. Since the BTC. D continues to fall we will also see a very strong ALTCOIN SESSION and in some ALtcoins we already look very nice that we go to new ATH in DOLLAR and BTC/PAAR.
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XTZ: Old Resistances, New Supports and Still BullishWe reached a new peak after breaking out from a Falling Wedge.
After it we managed to consolidate nicely between the 50 and 60 percent Fib level of the pole, which sparked the move 7.45$.
From the looks of the candlesticks from midnight of the 16th of April to today (17th of April at midnight), the bulls are still in control and buying every retracement.
The RSI is at a nice value of 70 so we're still on the Overbought level.
No divergences on the MACD.
Speculative part (dotted arrows): Possible price movement based on Fib levels and Elliott Impulse Waves
XTZ Tezos is a Little Teacup: Cup and Handle on the DailyXTZ is showing a cup and Handle on the daily chart. This coin has been resilient to robust over the past couple years. This is really exciting to watch, affordable, and sound in its development. Let's see if this project follows the gazelles over the cliff, or separates from the pack.
Note: This is just a bunch of lines on a graph over time. It is not advice. If you pull the trigger you take the risk.
NuCypher bottomed, but will it go up?NuCypher is testing .58 and possibly for the last time before reversal. This is a lower risk, (assuming you are using a tight stop) but high reward situation. Nu has taken a dip due to BTC recent breakout upwards. Pushing down price on the NU/BTC trading pair. This could present a buy opportunity.
RSI and MACD are both in uptrend and hovering just below reversal levels (rsi 50).
volume is very low, which I interpret as "price is to low to short now" and "Is this the time to buy?".
next price action could depend on BTC price action. BTC will need to retest support around 62000 at some point. I expect NU/BTC to increase a lot at this point.
my evaluation is that NU price will see big increase soon, although there is potential to see a drop to .56 level. I don't expect this as volume is very low and it would require an "adverse event" to push down to such levels..
but use a stop to protect yourself if you are worried about a drop.
XTZ - 6h. Ahead of $9 for Tezos?In just 5 days after the publication of our previous idea , the XTZ price reached the target:
Buyers managed to cope with the range of $4.9-5 . Although after the breakdown of this range, the buyers could not hold it, but the price found support a little lower. As a result, on April 4, the price of XTZUSDT increased by about 40% during the day.
It is worth paying attention to the trading volumes, thanks to which buyers were able to renew the high:
As you can see from the chart, the sellers' stop orders helped the Tezos price rise significantly. However, the sellers' attempt to return the price below the critical range of $5.4-5.65 failed. Although, despite the trading volumes, which sellers wanted to regain control of this range, they had serious intentions. The fact that buyers withstood such a blow at the highs indicates that they are serious about continuing the growth of the price of XTZUSD.
At the moment, the XTZ price is trying to break through the range of $6.65-6.95 . If buyers fail to take control of this range the first time, we will expect a local correction to the mark of $6.3 From this point, buyers will be able to continue the growth wave with an ultimate target of $9
An alternative scenario of the beginning of a global correction in the XTZ market will begin after breaking through the mark of $6.3 . The likelihood of this scenario is increased by low trading volumes in the current wave of growth. Considering the situation on the BTC market , where the price moves in a global wedge, XTZ buyers may not have enough strength:
Nevertheless, this is an alternative scenario for now and we expect the growth trend to continue in the XTZ market.
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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!
NU go boom .67 -> .73NU has been consolidating for several weeks. Support showing around ~.56 to ~.58.
Looking like it wants to move up..
both the daily and weekly charts show a price is bottoming out. Next resistance levels at .67 and .73.
XTZ and the Elliott Impulse WaveXTZ Day Time frame:
I believe XTZ is entering Wave 4 of an Elliott Impulse Wave. Should retrace some but with EWT, Wave 4 has to respect top of Wave 1, so we should not retrace below 5.50-5.88 price range. (HODL or good BUY opportunity) Once retrace completes we begin the final climb to the top of the EW where some type of Elliott Correction Wave (ABC) will bring us back down.WHERE YOU ASK... I suspect somewhere in the neighborhood of $6.00-7.50 range where we currently are sitting.
Just my thoughts, please share yours!
Thanks for the reads, and likes, and follows!
AND REMEMBER, DON'T CHASE IT, RETRACE IT!
XTZ/USDT : Breakout from bearish trendline BINANCE:XTZUSDT
Hello everyone 😃
XTZ had a breakout from bearish trendline on low TF.
Now MACD is having a bullish crossover.
There are two located supports at 6.5$ and 6.3$ zone...
Also MA 100 is reaching movement and Volatility seems fine for more couple of bounces in next daily closes !
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades