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XTZUSD

XTZUSD expected to see an uptrend (1D) | Suggests a breakoutMarket in last 1 week -XTZUSD saw an uptrend with high as $4.43 -Price volatility was very very high. The market moved ~95.1%, between $4.43 and $2.27 Today’s Trend analysis -XTZUSD expected to see a continued uptrend as it was riding the Bollinger bands and with the volume not that loo breakout is expected -Price at time of publishing: $4.04 -XTZ’s market cap: $2.96 Billion -Oscillator indicators are mostly neutral. RSI at 66 -Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral -Volume indicators saw increase in volume with a slight decrease in the last candle which are above the 20-candle moving average Price expected to see a continued uptrend as first the price was moving inside the bands with Upper band acting as resistance and lower as support but in the last few candles the price is riding the bands along with a substantial volume is traded suggesting a breakout. Most of the Oscillator indicators are neutral. MACD histogram size increasing in the positive region, with MACD line above the signal line. RSI at 66, above the midline in the neutral region. CCI is around 148, in the overbought region suggesting a bullish bias. Another interesting point to notice here is that volume is increasing in the last few candles being above the 20-candle moving average. ---------------------------------------------------------------------------------------- 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. ---------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community! - Mudrex
COINBASE:XTZUSDLong
by Mudrex
2
XTZ.USDT (Y20.P3.E3).TA on the Macro StructureHi All, ** This is a additional TA to the previous post on XTZ with BTC pairing ** As we had a strong BTC dominance divergence play out, we had XTZ.BTC price drop and bounce significantly while slowly regaining lost territory. I did this TA against the USDT to see if its still within the acceptable levels for a next wave up. Happily to say, the restests of the previous resistances passed. As per chart, we have one more resistance and after that, open roof. My thoughts: =================================================== > Daily indicators are positive, bullish with convergence and hence stay in the trade > I would expect 2 touches to the resistance and 2 touches to the below support before the breakout otherwise its out. Please give me a tick or like for this post. Regards, S.Sari PREVIOUS POST I have noted that we have price above the yellow key level meaning my TA is still relevant.
Long
by ssari
XTZUSD Update (Potential Breakout)Since the last time I reviewed XTZUSD we saw a breakout and retest on the upper trend line 3 times before making it's first higher high and higher low. We are currently in a crucial moment of whether we can close/hold above ATH in order to continue moving higher. I believe the most likely scenario would be another retest on the upper Fibonacci retracement before continuing the trend. A lot of other coins have been highly price-sensitive at ATH recently and XTZ could just be lagging. Keep in mind BTC is close to a potential rally as well. Could absorb all the capital from alts if it does. Hope you all enjoyed the technical analysis on XTZ, I will continue to update my thoughts as we move further into these exciting times. Please consider leaving a like and following for more updates on stocks and cryptocurrency. Cheers, PsychedCrypto
BITFINEX:XTZUSD
by PsychedCrypto
XTZ/BTC (Strong Key Support)XTZ/BTC -Tezos confirms the previous key support at still valid today -The price manages to recover from its drop recently -It is now approaching the trendline resistance -This is very crucial if XTZ can break outside this triangle pattern -If you are looking to buy a position, I recommend waiting for the breakout -Because this will give a strong bias that the trend is ready to reverse -Since there is no logical resistance, Fib reverse extension is used -Target is up to .618 reverse Fib which is located at around 5100 sat range
by PolarHusk
Why Bitcoin, Ethereum, LINK, and Tezos still look bullish!Good Afternoon Crypto Traders, Several weeks ago we made a marked shift in our approach to altcoins and aligning our focus to go risk-on in the long side on BTC & Altcoins. Thus far, this approach has paid off immensely. The realization came from doing some deep research in what's happening in the money flows, market structure, and DeFi space. As more clues unfolded, I realized that there is an Alt season and a Crypto Bubble 2.0 developing. This time it seems to be led by DeFi vs. 2017 being led by ICOs. Bubbles are not necessarily bad, they can be good if you can get in and get out with profit. This is what we are hoping to accomplish in the current cycle. As per my July update, I told Advantage Members that we are somewhere in the initial stages or the middle stages of the bubble. I do NOT believe we are near the end. How do we play this? Step 1: I've spoken about my methodology of portfolio construction in Crypto. It's simple and effective. We want to take the approach of putting a few eggs in one basket and watching that basket closely, as the great Stanley Druckenmiller puts it. Do your research in 5-10 Cryptos (BTC + Alts). Diversify in Altcoins and the sub-segment DeFi. Keep this as your basket of holdings you trim up and down in movements of price, if you'd like. Alternatively, you can simply spot buy altcoins (DeFi included) and hold for several months to see if the bubble is going to develop and get bigger then start selling as the hype of the rally gets a bit extreme. I will let you know when I see the warning signs. Step 2: Do NOT go around chasing 50 different altcoins thinking this is the next 10x or 50x etc. You will likely lose good positioning of your original holdings by the chase of greed. A good basket of 5-10 Cryptos should provide proper exposure to the market and yield good enough returns where you are not constantly bedazzled by the next Hype Coin. Step 3: Do not go all-in with your capital hoping to be rich overnight. Remember, we are in the business of building wealth. This will keep you grounded and make you appreciate the journey to success. Step 4: Do remember that the entire health of Crypto is dependent on the money flows and liquidity available in the traditional markets. So the Crypto market party can end just as abruptly as it started. We will always keep one eye on the stock market for this reason. Thanks and I hope you enjoy this analysis. This is not financial advice. Have a wonderful day
BITMEX:BTCUSD.PLong
by TheAlphaTrades
2
Markets and Overview It has been a very action packed number of weeks on, and let's admit it, in an already red hot market. I can go on and on about the Federal Reserve, The Wall St Hedge Funds, the overinflated majority of stocks on (any) market today. But, is that really that much fun? I would be (to many of you) preaching to the choir, and saying nothing new. I thought that I would focus more this time around on individual stocks, indices, currencies, commodities and crypto. If we can agree that the market is over inflated, it is then even more speculative than before and even more detached to business or company fundamentals. Graham and his school will always have a place, but I pontificate. So to hit it off, let's go from the top! I will analyse some interesting requests from some of you - I just love technical analysis. And especially when I get my predictions right. Indices SnP 500 Yes, the elephant in the room is that the Fed has had a hand in propping up of this index, despite multiple bearish signs all over the place in the lead up. But let's take another look at where we are at now.We have crossed the Moving Averages (200, 100) a while back, MACD and Stochastic indicators are bullish on the daily chart, confirmed by the weekly. And ofcourse they are! We had nothing but propped growth for the last so many months. Go the Fed! For subscribers of Elliot, we might be in Wave 5 of impulse. This is the last impulse wave before consolidation. The bottom line here is that this thing will probably continue to rise and rise before consolidating again. The market does not give a damn what I happen to think, but I do not see this thing retesting the moving averages, let alone that support back in March. I did say that SnP was probably going to move up the last time I did this newsletter, and it did. It was back in the Wave 4/5 junction I surmize. If I use the data from March til today, I still think that SnP will continue to rise, but we are in the last throes of the impulse and that is why I do not see myself putting money into this right now. QQQ QQQ is a progressive, relatively more volatile index composed of tech corporations. Apple, Google, Microsoft are among many others that are in this index. Generally, QQQ is a net driver to SnP. And so knowing that and knowing where SnP500 is at right now I am expecting this thing to be doing just fine.And surprise, surprise - it certainly is! Pretty much the same picture as with SnP, with bullish moving averages, MACD. RSI is about to hit 70 on the daily, however. We have just had higher lows on the daily and have just surpassed what I think is wave 3 of Impulse, meaning that we might just be at the beginning of Wave 5 now. In SnP500 we were anywhere but the beginning of Wave 5, whereas here we are anywhere but the end. I could fathom putting some money on this, but it would have to be a quick in and out believing that I am in the ultimate phase of impulse here. The last time time I looked at this thing was back in June surmizing it was likely to grow, which it did. A lot. Commodities Oil (West Texas Intermediate) The last time we glanced at oil, it was 35-37. I don't remember what I said the last time I analysed it, but I did not think it was going to cross that moving average (eMA200). But it did. And it was right to do so, because, ladies and gentlemen, the market is always right. Crossing the MA on the daily is good news for the bulls. Stochastic is upgoing and we just crossed major resistances, also approximated by the Fibonacci retracement there. Again, it appears to me that we are in Wave 5 of Impulse, if that flat plane was a seriously protracted 4th Wave. I think it will continue to rise and get resistance tested around 45. We shall see. Would I buy Oil right now? No. Here's why - we might be turning to bullish trend on the daily, but we are still very, very bearish on the weekly. And I never go against the market trend. In my mind, going against the trend is akin to trying to catch a falling knife with your open hand. It just ain't worth it. GoldWow, what a move! Moves like that are worth a parade! The last time we looked at Gold, I did say that Gold was still going to move up, which it did. Most indicators are expectantly bullish (very much so!), but the RSI is 87 on the daily and 81 on the weekly. Gold is overstretched -bigtime! And a consolidation is imminent. I would expect gold to drop soon and will not be putting money on this thing. It's way too hot right now. Elliot seems to agree, and Elliot in my books is an Oracle of the highest order. Silver Silver too has been absolutely kicking ass! Last time, I looked I recall being bullish on Silver, and well, it absolutely skyrocketed. Same picture, as with Gold, however now. Indicators might be bullish, because of absolute wins in terms of price action, since around March, but it might all be coming to a close very soon. RSI is 82 on the daily and 84 on the weekly. This market is overstretched and should bounce back. Newton is right, and gravity is real. I just wanted to show you one more thing here that is absolutely spectacular.This is the setup of a graph from my last Newsletter. As I predicted, we did break the triangle on the downside, and, well, this is just throwing more oil to the fire that the turnaround for gold is nigh. Currencies The Aussie This is the very same chart that I shared with you in my last newsletter. The green arrow is where we were at the time, and just look at the gains. This is another testament to why I use technical analysis. And why momentum, volume, fractal based indicators really work and why there are a lot of rich guys that are traders in places like New York. Obviously, very bullish on the indicators because of the run up, even RSI does not look too bad. I don't know how far this will go. We might get resisted by the moving average on the weekly, or this might be a Wave 3 of impulse, rather than a Wave 5. Now this being FOREX, different rules apply than those of the stock and other markets. FOREX is traded very differently to equities generally speaking. People generally have very short lasting, comparatively very small gains per transaction with positions at2%-3% of their trading principal. FOREX rules apply to all currencies worldwide, as far as I am concerned. The Kiwi Similar picture with the NZD/USD pair. Looks bullish. Indicator seem to agree with Elliot. MA100/200 cross is significant of that as well. We might be in the beginning of Wave 4 here of impulse and I expect this thing to grow a bit more, possibly getting resisted by the moving average 200 on the weekly. The Loonie Still in impulse on the Canadian dollar, crossing the moving averages and seemingly testing that key level at ~0.75 . I suspect we are still in Wave 3 and l am looking for this thing to grow quite a bit more before consolidating. For me, long term holds are a bad idea in FOREX in my mind. This is a hard and fast market and probably the biggest one on the planet.C rypto Bitcoin Bitcoin has been absolutely stellar. Last time we were below 10k, and I predicted that eventually we would climb above it. We finally broke the 10k barrier, drew out the impulse and are now consolidating. We are in a consolidation triangle. Technically (Parabolic SAR, Volatility Stop, MACD), we are bearish and well above the MA. I believe this coin will keep consolidating, possibly breaking out on the downside with the support around 10k. It's just beautiful how the fractal nature of markets works. My mentor in this space once said something along the lines of, "When you can understand the fractal nature of the market, you will better understand any market you trade. What's more, it might even change your perception of how the whole world works, because it is too is a fractal." I am still letting that sink in. Anyway let's have a look at more Cryptos. It is pretty much the same picture with Ethereum, Ethereum Classic and Ripple. I expect most cryptos to consolidate for a bit now, since the bullish run up over last week. I want to talk about a few that I believe show potential for growth. Tezos Introducing Tezos! A new coin in the alts space that is open source.Why this one sparks joy is shown by how it escape a down trending channel and demonstrated a reliable support at previous resistance. I wanted to show you this one also because here I use something called Fibonacci Extension to see where the ceiling might be if we do have a proper run up after breaking that resistance. This is around 3.45 in this case. Let's see what happens. Binance Introducing Binance! I know, I know - there will be a whole lot more introductions in this space. It is a coin by the guys of the Binance Exchange - an impressively anonymous exchange registered in Malta (yes, that is significant) that offers a depth of coins, options and a whole bunch of derivatives in the crypto space. www.binance.com Again, here we see ourselves escaping the uptrending channel that I believe to be a part of the larger Elliot Wave 3. To be honest, I probably jumped in a little early into this one, as I like to see if it is a true escape first. "How do you do that?" I hear you ask. Well, it's all a matter of seeing if the new support is true after seeing it get tested once first. That simple strategy helps to minimize putting positions down on potential fake outs.I am especially excited about Cryptos for a different reason altogether. Decentrilized Finance or DeFi is an emerging concept here with a series of tokens. I am currently watching a few: Khyber Network, Ren, Lend, and Compound. More on this space in future reviews. I wanted just close this one up with how invaluable technical is in this age of crazy speculation. As some of you might know I dabble in Crypto a bit, and use nothing but strategies involving technicals. Although I found that some people, after speaking to them, might have a bit of difficulty understanding the how and the why I combine certain indicators together to land a profit on a position, I want to show you that it can be done. Above you can see that with 41 trades ( not all shown) over the last 7 days, I grew my principal by 5.51%. This is absolutely huge! For comparison SnP500 might grow 8% over a year, a good Investment Advisor might make 10%-15% per year for you. Mutual funds at best might make you 20%-25% per year as well. Over the last so many months this average has been around 3%-3.5% per week, every week. I'll let you do the maths on that one. It's cool - I have already given myself a pat on the back. It's a trite expose I admit, but I do not care. I just want you to know that anyone can be proficient with TA and other forms of financial analysis and make money (big and small - it doesn't matter!) on the side or as a main gig even, trading any market. This is just a side gig for me that I can do on my Chinese Android tablet running off a smartphone Hotspot. Understanding how markets work after seeing the forest for the trees is key. If I was to sum it up, the magic is in the beautiful fractal nature of market behavior. It is especially exciting to see a major downturn before it actually happens or to close a position in the Green. It is stressful and risky to do, yes! But even riskier (and, heck, stressful) getting somebody to do it for you. And absolutely rewarding when you get it right. And before I roll the Endspiel, don't give me your money, I won't trade for you. Roll the Endspiel! Just a reminder to everyone, none of this is financial advice per se. I do not know your financial situation (well most of you, that is :D ) and cannot in all honestly do a personal recommendation. All views above are my own only. Think for yourselves! Money Managers do not give a damn about you or your money. Alw
SP:SPX
by Rykin_Capital