Xtzusdsignals
XTZ/USD LONG TO NEW ALL TIME HIGHS OF $5.50, $7,50, $10.00ENTRY 1 $3.00 & Entry 2 $2.50 SL $1.70
TP.1 $5.50 & TP.2 $7.50 & TP.3 $10.00
Apart from Bitcoin, there is another cryptocurrency that will continue to make a new ATH, Tezos (XTZ). As we reported, XTZ has already made a new high and worked its way into the top 10 cryptocurrencies.
Currently, XTZ is trading at $3.23, with 147% gains on a year-to-date basis, all thanks to the baking frenzy that has nearly 80% of Tezos supply locked up for staking. According to AngeloBTC, the digital asset would also be seeing over 200% of gains to climb to $10.
For the second-largest cryptocurrency, Ethereum, however, AngeloBTC has the least expectation as he predicts a minimum jump of 87%. Currently trading at $263, up 105% in 2020 so far, the trader sees it going to at least $500 moving into 2021.
But for the third-largest cryptocurrency, XRP, the investors are in for the highest gain of 248%. At the time of writing, XRP/USD has been trading at $0.282 and as per the trader, by 2020 we could see $1 finally, which was last spotted in February 2018 during the trip down from the January ATH of $3.92.
Tezos medium term bull scenario (USD)Expect more short term selling pressure as significant buyers remain on the sidelines until price capitulates one final time. The current chart is not appealing at the moment for traders with size - easily shown by the declining trading volume since 2019's high. Watch volume closely. Also, watch the Tezos price trend cycle throughout the day. When daily trading highs are made morning or mid day, and followed by a sell off to close the day -- typically means that more downside is coming. On the contrary, when the day starts out red but closes higher than it began, traders are starting to accumulate and hold positions.
Now to my projection. I am a believer in ascending triangles. I see one in the making with Tezos and believe it will ride the ascending triangle for the medium-term. My price projections are based off of similar moves from Tezos and other cryptoassets as they formed and broke out of their patterns. Typically it takes 3 attempts to break ascending triangle resistance. Once resistance is broken it will immediately flip to support. If support holds I firmly believe that we will not see $2.00 XTZ ever again.
Love to hear your thoughts. Good luck!
Tezos - Time for the next wave up?I have been wrestling with what to do with XTZ and whether or not a re-entry is warranted at these levels. My initial thinking was that we would go down to $1.20 or $1. and I wanted to wait to see what XTZ would do once it hit those levels. We did indeed test the $1.2 area. Very quickly. Every time Tezos has looked to violently move down, even in the face of XTZ/BTC breaking down XTZ/USD has held up nicely. Tezos just hasn't broken down as it should have.
The daily chart is really telling here. I kept thinking tezos might form a larger head and shoulder and move to $1. And that's a concern if we can't break above the $1.50-$1.60 area. However, notice how we have based out a created an upwards sloping base at this 1.25 area? This is creating a diamond-like formation or almost a choppy inverse head and shoulders if you zoom in. If this is indeed the beginning of the next wave up. We will see XTZ hit $2-$2.30.
We have broken the downward trendline that has held prominent for a couple weeks. While the daily doji was concerning, we have actually closed and held above it. Look at that Daily MACD. While it hasn't crossed it, it seems poised to do so. that could be premature, but it's looking good. RSI also came off an almost oversold play. Tezos has also had one of the most solid user growth bases and so far has been continuing the trend upwards in that regard. Which indicates an increase in value over time in Tezos. All of these factors lead me to believe that we will continue to push up in Tezos and a re-entry is warranted. Of course, this is crypto, we never know what is going to happen, but so far it appears we will grind higher and go to at least the $1.50 area.
Happy trading and hodling,
-Sherem
XTZ/BTC TA Update (Another Leg Down?)XTZ/BTC
XTZ is on a strong or deep pullback and already testing the golden Fib 0.618 level. The RSI hasn't hit the oversold condition yet and we are still seeing increased in sell volume indicating that there could still be another leg down before a strong move to the upside. If XTZ can close the price above 1700 then there is potential that this trend is ready to move up again. Otherwise, we could experience more downward action below 1500 - 1300 regions.
XTZUSDT formed bullish Cypher | Upto 38.5% bullish move expectedOn Nov 1st I published the idea of Tezos / US Dollar and it produced more than 121% and below was the idea:
Now the price action of World's 10th ranked largest cryptocurrency out of more than 2300 cryptocurrencies Tezos (XTZ) has formed bullish Cypher pattern and entered in potential reversal zone and ready to take bullish reversal soon at any time.
This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone.
Lets have a look on the dimensions of Tezos (XTZ) price action's harmonic move:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci (The exact measuring is 0.446 Fibonacci) and then B to C leg is projected between 1.272 to 1.414 of A to X leg's Fibonacci projection (The exact projection is 1.333 Fibonacci) and final (C to D) leg is retraced between 0.618 to 0.786 Fibonacci projection of X to D leg as required for perfect bullish Cypher and now the price action is entered in potential reversal zone of this bullish Cypher pattern, now we can expect bullish move at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below for mid term trade:
Buy between: $1.3655 to $1.2356
Sell between: $1.4677 to $1.7140
So this trade has potential to give upto 38.5% gains.
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Cypher pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
Regards,
Atif Akbar (moon333)
XTZUSD formed perfect Gartley | Upto 150% expectedPriceline of XTZ / US Dollar cryptocurrency has formed a perfect bullish Gartley and entered in potential reversal zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.9388 to 0.6661
Sell between: 1.1527 to 1.6674
Regards,
Atif Akbar (moon333)
XTZUSDT forming bullish Gartley | Upto 19% bullish move aheadPriceline of Tezos / Tether US cryptocurrency is forming bullish Cypher pattern and soon it will be entered in potential reversal zone insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 1.2072 to 1.1468
Sell between: 1.2544 to 1.3690
Regards,
Atif Akbar (moon333)
XTZUSDT formed bullish BAT | A good long opportunityPriceline of Tezos / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 1.4736 to 1.4520
Sell between: 1.5257 to 1.6032
Regards,
Atif Akbar (moon333)
XTZUSD W BOTTOM BULLISH SHORTI know I said I'd tried to update with a publication each day; I'll have to politely ask you to hold me to that promise until after the holiday breaks -- $BTCUSD failed to break the ceiling resistance in previous publication however the indicators & hashrates do not lie HENCE the retracement we've just seen back to 7180 R1S2 & Demarke is still in effect; just took a little longer than projected.
I want to focus on ALTS now that we've had a major rally in BTCUSD price action: primarily I've had my eyes on: ENJETH / BNBBTC / TRXXRP (already closed -- check twitter) / BTTBNB (already closed -- check twitter) and now XTZUSD
Without going into too much detail -- W BOTTOM reveals target short on XTZUSD @ $1.65 with a stop listed at $1.435
www.investopedia.com
Source/Ref for more info on M tops & W bottoms (which I've covered in detail in prior publications) but always helpful to provide tools for you to educate yourself to spot indicators rather than just providing forexsignals with no basis.
Additionally, we're seeing a lot more healthy priceaction which I believe is a good thing -- organic growth in market cap / price rather than the rampant volatility from OTC trading / Pump & Dump whaling circa 2016-17.
Remember to always set your stop losses!
Disclaimer
Not financial Advise. Beware of price volatility. All forexsignals subject to change contingent on market priceaction.
-@a1mtarabichi
Happy Holidays / Merry Christmas / Happy New Years!
#TEZOS Wants More! $XTZ$BTC pair. NAILED IT!As predicted Tezos is smashing through the charts. This rocket fueled project has outperformed the entire #Crypto market specially $BTC over the past year.
We are just now finally going into price discovery with a sustained growth flipping resistance into support. My prediction is that we are not stopping until 0.0025sats. I also predict a continuation to 0.0035 sats by Xmas where the main target is somewhere around 0.0078 over the next two months +-.
My presumption is that it will come sooner vs. later. #Tezos will land right around top 5, in the next 60 days. There are tons of news coming out including the first STO, ZStarck privacy feature, stable coin and more.
What are you waiting for? Stacking is paying 7% or 5.6% simply on Coinbase.#Binance zero fee stacking, OKEX etc.. pick your battle fellas.
This is Potentially financial advice
Just go long! You have everything to lose! FOLLOW THE MONEY!
Tezos = 2$The most successful ICO in 2017 232 million $ - 2 weeks
+ advantage
1.Self-amendment system
2.At the heart of Delegated Proof of Stake
3.Formal verification for smart contracts
4.Large community
- disadvantage
1.On-chain governance
2Little different from ETH
3. Not fast transactions
NEWS
www.coindesk.com
beincrypto.com
XTZUSDT formed bullish BAT | A good long opportunityPriceline of Tezos / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 1.1505 to 1.1347
Sell between: 1.1883 to 1.2450
Regards,
Atif Akbar (moon333)
Tezos (XTZ) cross may be ready for a bullish continuation Hi folks and welcome back to my analysis.
I just noticed that both the bitcoin and dollar crosses for XTZ are positioned for an up move, and since it is in line with our previous analysis on bullish continuation and it'd be a good idea to share it with you all. (link here)
Seems like on the right, our tezos created it's phase C low, and quickly and derisively made it back into the trading range. On the left hand XTZ may be making a "feather" structure. Where in Wyckoff methodology, it represent a very low volume, low volatility period that is followed by an explosive move.
Therefore, Tezos is officially on my trading list. I'm opening up probing positions with stops below the ATR, and I will add to my positions with significant bars to the upside confirming the up move.
Alternatively, folks remember there is a short-term bearish scenario that we are following. If this view fails, we are going to visit the lows at selling climaxes before we go to the top again! You can find more details in the previous post.
p.s sorry for the misspelling on the chart. Sign* of weakness
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Best,
Shayan