Is it time for XTZ ?High resistance at 7.22 $ . Weekly or Monthly close above 7.22$ moon.
Short Targets marked in yellow and blue colors .
Long Targets beyond 12 $ .
Stop loss : Candle one day close under 5.5$
Good luck for all .
XTZBULLUSD trade ideas
XTZUSD forming bullish pattern 1DCOINBASE:XTZUSD XTZ has been ranging in the last few weeks along with the meaningful increase in the volume traded in the right shoulder. Currently is forming H&S pattern which means a trade setup can be executed once breakout for neckline is confirmed. The first major target as shown in the chart can be considered to take profit.
XTZUSD Buying the fear throughout OctoberThe chart is a mess, but I look at Tezos a lot and don't have time to clean it up and make it pretty, so let's just get to it. XTZUSD is having some serious growing pains, but I am just going to buy the fear all month. I believe the rest of October will be painful as the price keeps getting squeezed lower and lower, bit by bit, probably down to high $5s by the end of the month. During this time, money will flow elsewhere, and people will forget about XTZ for a while. As soon as the money flows back into XTZ later this month or in early November, I expect a big impulse move up to $20. Most traders plan to exit in the low $10s, but there's a decent chance they will get caught off guard by the size of the movement. This is a pretty speculative setup. I am not saying this will happen with 100% confidence, but it's definitely a possibility. As always, let's see what happens.
XTZUSD speculative handleI bought the fear throughout October, now it's time to see if it pays off. Linear scale this time. I'm speculating that XTZUSD could be forming a nice cup & handle pattern. The standard price target of this chart pattern is measured by the distance between the top and bottom of the cup, which is then applied to the top of the handle at the potential breakout point. That puts XTZ roughly in the ballpark of $15 to $16 if this pattern plays out. This target is driven purely by speculation and traditional TA, no fancy algorithms here. Fundamentals still look good. Macro uptrend is still in tact. I feel pretty comfortable with this trade, but it's crypto so we know anything can happen. As always, let's wait and see.
Nice opportunity to buy low on XTZwe are approaching an interesting demand zone,
I think we can bounce here and maybe make a new All Time High
the trend is bullish, "buy low and sell high" is the mantra here
XTZUSDTEstablishing Bullish formations and eyeing towards 8.8-9.2. It needs to break and stronghold above 7.15 in order to achieve those upsides.
On downside 6.2 followed by 5.8 are likely to limit any fall.
Xtzusd**not financial advice ** DYOR(do your own research) I am not a financial advisor. These are just hypothetical l, if they pan out Awesome! If they don't, make sure to take proper risk management.
That said Tezos is looking mighty juicy. Really good midterm trade, maybe even a good HODL.
XTZ continues to consolidate around $6.7, break lower to follow?Tezos price analysis is bearish today as lower highs were continuously set despite the $6.7 mark holding. Therefore, we expect XTZ/USD to break lower and head towards setting another lower low.
XTZ/USD ChartXTZ is a interesting coin to invest right now. After two invalidation at the 6.36$ area, we can see a bullish pattern in the daily chart. The coin can easily breakout the 7$ resistance and go full moon. The OBV is also showing a nice comeback, which is also bullish. Whats your thoughts on XTZ? Comment, like and follow.
XTZ/USDXTZ 1D time frame looks good to trade. this is a good entry point for short term 40% profit with 8% SL at $5.8.
Good luck guys!
XTZ Buy a break setup.XTZUSD - Intraday - We look to Buy a break of 7.502 (stop at 7.277)
Pivot resistance is at 7.500.
Price action has continued to range within a triangle formation.
Daily signals are mildly bullish.
Our profit targets will be 8.141 and 8.341
Resistance: 7.500 / 8.000 / 8.500
Support: 7.200 / 7.000 / 6.600
XTZUSD Buy the fearReturned to strong support. Buy the fear. If the bottom doesn't fall out, it should continue up to $10.
XTZ Ready To Move Up!!Tezos is continuing to move upwards within the ascending channel even though we have seen some decent downside recently, we are still comfortably in the channel and have some strong supports still that are likely to hold us up, we are currently sitting directly on support coming from a little bit ago and then we also have right below us a nice uptrend support line coming from a previous bottom in our ascending channel, not to mention the bottom of this channel is also support for us and then finally a very solid support at the 0.5 FIB level, so as you can probably tell it is going to take a hell of a lot to breakthrough to the downside here especially past the 0.5 FIB level. but what im looking for is an overdue bounce off of support and a rebound to the upside, i think this isn't far off to say at all we have seen incredible price movements from XTZ recently somedays even leading the entire market and coming from some massive news that involves multiple banks! Looking at the bollinger bands we are currently trading in the bottom half underneath the midline and if i had to make a bet of if we will break the supports or breakthrough this midline im choosing the upside all day, we don't have too much resistance to the upside the main two are for sure the BB midline and then the 0.3 FIB but if we see a rebound here soon and some good momentum i don't think we will have much trouble at all smashing through these levels, XTZ has already shocked many investors and people and more institutions are starting to wake up to Tezos potential and overall the great project! Looking at the RSI we have slightly broken below the midline and what we are looking for here is a bounce off of the current support we are sitting on and rebound upwards pushing us back up above this midline so we can retain this very nice uptrend XTZ has going! Now the RMI we also are currently sitting on support and im looking for once again a nice bounce upwards and ultimately get this reversal with the blue getting back ontop of the orange, i don't think we should have much trouble doing so since we have had a decent drop here and we we're a hair away already from getting that bullish reversal and aswell as all the factors i talked about earlier mainly being the many support levels we have! Not financial advice just my opinion!
And now we're at the bottom trendlineJust like I figured, we hit the bottom trendline. Price might bounce around down here until Bitcoin stabilizes. If Bitcoin gets ugly and the lower trendline for xtz doesn't hold, it will get ugly for xtz...
A little more consolidation, then another popIt looks like XTZ/USD will consolidate within the triangle, then pop back up to resistance line... (now is the time to buy or when it drops to bottom trend line). However, trade at your own risk and responsibly.
XTZ looking bullish No words needed. Fib key support channel major support. This one is ready for a +40%
XTZ BounceI'm expecting XTZ to head back up in the main channel with a minimum between 6.24 and 6.46.
Xtz UsdtIt will continue dropping to price of 6 or lower and then it will reflect... There are 3 buying zones drawn in the chart
Bank Of America Likes Tezos How about You? (REDO Chart)Technically we have some bullishness going on here with good rsi and macd slightly lagging. I am hoping we can gain some momentum here and ride this wave up! I would also like to see more volume coming in. None the less, BOA is touting this project as being undervalued. Details below, directly quoted from crypto daily.
www.cryptodaily.co.uk
"The cryptocurrency industry is about much more than Bitcoin and Ethereum. Although alternative currencies - or altcoins - are often dismissed by those two communities, they can still offer tremendous potential. Tezos is one of those tokens that Bank of America mentions in its “Digital Assets Primer.”
An Interesting Opinion By Bank Of America
Until a few years ago, banks and other financial institutions would dismiss digital currencies as a "fad" no one needs to pay attention to. Today, these same service providers try to tap into this market. Consumers of all kinds have shown an interest in exploring Bitcoin, Ethereum, and other currencies. However, BoA takes a unique approach by looking at developer interest in alternative cryptocurrencies.
BoA officials now believe crypto assets should become a new asset class altogether. Although the current Bitcoin market cap is impressive, the broader crypto ecosystem represents even more value. Tapping into the unexplored markets can prove viable for investors, although it remains crucial to do your own research.
Figuring out how to evaluate digital assets remains the tricky part. For Bank of America, developer interest and activity is a crucial metric. As more developers express an interest in building on a particular blockchain, there is a chance demand for the native asset will increase. Of course, this equation has much more than just developer activity, although it can serve as a viable metric.
Going by the recent developer activity, it appears Tezos is one of the blockchain ecosystems to keep an eye on. It notes a strong increase in organizations and repositories, putting it ahead of The Graph, IOTA, NEAR protocol, EOS, Stellar, and others. It seems Tezos is finally getting recognition for its ever-expanding ecosystem that rivals the top competing blockchains while being vastly more energy-efficient due to its PoS consensus mechanism.
Tezos Price Performs Well
The value of Tezos' native asset XTZ has risen greatly in the past year. A 248.9% price increase in a year is very impressive and highlights the price potential of cryptocurrencies. Tezos is on par with other major currencies on that front, lending credibility to Bank of America’s new framework. Although the current developer activity seems to offer some hope on that front, whether that momentum can continue remains unclear.
More than 100 projects maintain a market cap of over $1 billion in the current cryptocurrency landscape. Tezos ranks high on that list with its valuation of over $6.37 billion. The project ranks 33rd out of all cryptocurrencies, putting it on a lot of people's radars. If developers continue to find ways to leverage Tezos’ smart contracts - and more users continue to stake XTZ - interesting things can happen in the future.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice."
