XTZ/USDT 2h (Binance Futures) Rising wedge breakdownTezos just broke out to the downside, I was planning on shorting it earlier but I preferred to wait for it.
Now the idea is to catch a pullback retesting that bearish pattern and follow the downtrend!
Current Price= 2.169
Sell Entry= 2.192 - 2.242
Take Profit= 2.132 | 2.080 | 2.008
Stop Loss= 2.302
Risk/Reward= 1:1 | 1:1.61 | 1:2.46
Expected Profit= +15.32% | +24.72% | +37.72%
Possible Loss= -15.32%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 4x
Estimated Gain-time= 240h
XTZUSDT
Tezo's extremely oversoldOn the XTZUSD chart, we are hitting this MAJOR trendline. I imagine this will hold as support and we will move higher from here. You can also see that RSI is extremely oversold which would also indicate a move off this $2 area.
If we coincide this with the XTZBTC cross, we can see that RSI is also very oversold here and hitting this .618 fib line. this should also produce a bounce.
Tezos's has now gone down almost 50% in just a month. It's definitely oversold.
Look for bounces targetting this $3 area. Once we get there we can see if it's due for a much larger run up in the near term.
Cheers,
-Sherem
Tezos next cycle planIf history repeats itself. If bitcoin can go above 20k within this time period or Tezos starts defi hype, then the moon in the limit. If not, we will be trading within this channel and I will be getting my sell button ready every time we cross 70 on the RSI and buy on the way down to increase my stack. Tezies til we bezies boiz.
Xtz Making Head & Shoulder#XTZ 2 Hours Chart.
Do Your Own Anylysis....
After U Can Take Any Decision.
It's My Personal Opinion..
This Pattern Will Be Valid,
If Xtz Beakout The Lower Yellow Neck Line.
After Breck Below The Neckline With Confirmation Then We Can Go For Short.
Are You Get My Point ? Ok. Then Watch The Neck Line.
XTZ going beyond LINK BINANCE:XTZUSDT
Hello everyone.
As we can see :
- ascending channel
- broke above bottom flat triangle
- major support at 1.965$
- ascending line on RSI
- resistance at 2.265$
- making top flat triangle below 2.265$ resistance
Here we have 3 options :
pullback into ascending channel : if XTZ, go through channel then we have to break 2.265$ resistance till the price touch the top of channel.
making top flat triangle : then we will trend into a bullish zone actually there would be a high chance to break resistance and take hold above it !
reject from resistance : there is low chance for it but if it happens then we will see a ranged trending under resistance and a retest for major support at 1.965$
Our view is bullish but we will take look at this resistance and channel also.
Attention : this is not a financial advise we just try to help people on their own vision.
HAVE A GOOD DAY
- Helical_Trades
XTZUSDT, Possible bounce off...The price is under the Key Level and can bounce off.
You can use this situation for the trade.
Use predictable risks and set you to take profits above the lower levels.
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Tezos (XTZ) - September 25Hello?
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It has declined from the uptrend line (1), and most of the uptrend that began on March 13 was returned.
It remains to be seen if it can quickly rise above the uptrend line (1).
If it falls from 2.0706, it is likely to touch 1.6549 or less.
(Fibonacci retracement point indication 1D chart)
We'll have to see if we can get support from 2.0797-2.3331 and climb above the 2.84 point.
If you move down from the 2.0797 point, you're likely to touch below the 1.3193 point.
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(HITBTC XTZUSD 1W Chart)
We have to see if we can get support and climb in the critical section, 2.15156711-2.26900450.
If you decline from the 2.15156711 point, you are likely to touch below the 1.73723670 point.
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I think it is a period of volatility from September 21st to October 1st.
Therefore, I think careful trading is necessary.
** 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/USDTI've been in this position for a while, I'm really losing my patience here.
When I lose my patience, I chart. Tezos is actually looking pretty good. The whole market seems shaky, so this only works if the total market cap and BTC cooperate of course.
Testing the trend line and possible S/R flip. I will hold this and have added a very small (very small) amount to my current holdings. Buy the dip in a bull trend right? right?
TEZOS ...A Self-Amending Crypto-Ledger❇️what is tezos?
Like Bitcoin and Ethereum , Tezos is a decentralized ledger that makes use of blockchain technology. Like Ethereum , Tezos is designed to make use of smart contracts. The term “Tezos” is ancient Greek for “smart-contract,” according to the developers. However, Tezos goes beyond previous offerings.
Tezos is a blockchain platform that supports smart contracts and dapps, based on the idea of a digital commonwealth, in which governance is democratized in an efficient and sustainable manner to avoid costly hard-fork scenarios.
In 2017, the Tezos ICO raised $232 million in BTC and ETH, making it one of the largest ICOs in the industry. Based in Switzerland, the Tezos Foundation spearheads efforts to support wider adoption of the protocol.
Within the network, XTZ is the token used for all operations. With the incorporation of features such as Liquid Proof-of-Stake and on-chain governance, throughput is traded for a higher level of decentralization.
Tezos relies on Liquid Proof of Stake (LPoS), with full support of Turing-complete contracts. In the Tezos network, block generation is referred to as baking while validators are known as bakers.
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❇️Technical analysis
The XTZ is on the $ 2 support line and has fallen in the last few days, and I expect it to fall again with increasing sales pressure and fall to the next support and go back to the bull in a few days and week...
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades.
XTZ/BTC (1600 Sat Major Support?)💎Technical Analysis Summary💎
BINANCE: XTZBTC
-Tezos is trading inside a descending channel
-The pattern is Bullish if breakout to the upside
-The major support area is at 1600 range
-That zone is tested support twice and saw an upward move
-If XTZ will continue its downtrend, it will likely test this region
-I recommend buying the breakout of the channel to reduce the risk
-Midterm target is up to 2400 sat previous support area
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Pick up more at BUY levels, sell off at SELL levelsThough it may seem that XTZ is plummeting and rolling straight to the hell, the asset is going to recover faster than one may think.
Tezos has strong support from its community and VCs (e.g. the Draper foundation) who back the asset.
On the graph, I marked levels of support and resistance. I personally go bullish on the asset, however, you can play it safe and pick up more XTZ on the levels of support.