tezos everyones least favoriteTezos has proven to be a failure for many traders. Its quickly become one of the most popular revenge traded charts and ultimately rekking everyone who trades it.
I actually think xtz has bottomed, and there is no where but up from here, as it gains momentum it should rocket it to new highs because everyone will buy it to "get their money back".
XTZUSD
XTZUSD to move sideways(1D) | Price riding the lower bandMarket in last 1 week
XTZUSD saw a downtrend and started riding the lower band
Price volatility was very high. The market moved ~49.9%, between $3.47 and $2.31
Today’s Trend analysis
XTZUSD expected to see a sideways movement as the price after riding the lower band got support from lower band
Price at time of publishing: $2.56
XTZ’s market cap: $1.9 Billion
Oscillator indicators are mostly neutral. RSI at 36
Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral and Hull MA indicates a buying opportunity
Volume indicators saw an increase in recent red candles while a decrease in the blue candles with the decrease in the 20-candle moving average
Price expected to see a sideways movement as the price after riding the lower band got support from lower band. Most of the Oscillator indicators are neutral. MACD moving below the signal line with histogram size decreasing in the negative direction, suggesting a bearish bias. RSI at 36, below the midline still in the neutral region. CCI is around -113, in the oversold region indicating an uptrend. Another interesting point to notice here is that volume saw an increase in recent red candles while a decrease in the blue candles indicating a weakening buying pressure.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
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- Mudrex
XTZ/USD - TEZOS GOING HIGHER?!We've been watching Tezos for quite some time.
We played the last rally from the $2.40 support zone and we're here again after a massive crypto sell off. We noticed a bounce slightly higher than the previous lows around this level.
Short term LONG trade idea to $3.20 level.
*NOT A FINANCIAL ADVICE, THIS IS JUST OUR PERSPECTIVE AND WE DO NOT RECOMMEND ANY TRADES WE PUBLISH ON OUR CHANNEL. YOU WILL LOSE MONEY.
XTZ currently at a historic support. How to play it?While XTZ has disappointed many because it hasn't broken out of this range, it's still been VERY profitable for anyone who traded it.
XTZ is currently at a solid support level. I personally entered a long position at 25k sats, a bit premature but I am ready to exit.
According to the previous XTZ price pattern, I expect at least 20% up to 47% BTC gains in the upcoming 7-15 days.
LONG CASE:
Buy @ 25k - 27k sats.
TP1 @ 31k sats.
TP2 @ 36k sats.
SL @ 1D close below 24k sats.
SHORT CASE:
Sell @ 24k-23.3k
TP1 @21k sats.
I will post more updates this week on the BINANCE:XTZBTC pair.
Feel free to challenge my TA in the comments, the best way to learn is through discussion!
Tezos (XTZ) - September 7Hello?
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
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Make sure you can get support at point 2.4614.
You also need to see if it can rise above the uptrend line (2).
You should also check if you can ascend to the critical section of 2.8886-3.2 to gather the force to ascend.
If it falls below the uptrend line (1), it is a short-term Stop Loss.
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(Bithumb XTZKRW 1h chart)
In order to turn into an uptrend, it must rise above 3679.0 points.
However, if it is confirmed that it is supported by rising above 3324.0 points, I think it is highly likely to rise above 3679.0 points.
(We plan to publish it together with the XTZUSDT chart until the chart period is longer than about 6 months. We apologize for the inconvenience.)
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** 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 generating profit 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 trading. You must trade from a short-term investment perspective.)
XTZ - time to go back up XTZ finally hit the bottom of the channel. Expecting it to go back up towards the top.
Anything that falls below the channel is a further trap to make you sell what you've been buying on this dump. I've been eyeing this bitch for a while now and think it's time to go.
Not trading advice, and do your own research.
thoughts/comments?
TG
XTZ/USD If you are a XTZ bull, you may want to think about buying and heading to church... If we get a daily close beneath this descending triangle we could see a drop of around 38% (pretty worst case scenario).... There are other support zones, but they remain pretty weak due to XTZ's parabolic move. I may set a buy for $1.99 and forget about it, just in case. Good luck!
XTZ/BTC (Repeat History? Bounce up?)XTZ/BTC
-Tezos is back at previous major support area since March trading action
-This coin has been trading inside a sideways channel with a 40% range
-If history repeats itself, we might see another bounce up a rally to 3750 sat
-Only if XTZ can hold this level again for the 5th time
-Stoploss can be placed below 2400 sat