XTZUSD historical resistance areaXTZ has good comeback from the projects and now filling up golden pockets, the question is: whos pockets?
Will it draw M and drop back to bottom of the cave, or retest $7.5-8 SR area and continue it path to ATH?
XTZPERP trade ideas
Tezos Broke to Multi-Year HighsTezos has recently broken to new multi-year highs, fell to retest the breakout point and now looks to be headed back up. At these levels XTZ is higher than it has been since the last crypto bull in 2018 and upside could move up multiples from here. XTZ has moved from around $1 to $4 for the last several years building a nice base. At these levels the coin really hasn't moved yet and it's still early. There are resistance points from 2018 around $5.30 and $6 but in a new bull I don't expect those to hold for long. Previous all time high is around $12 from 2017 and it could easily retest those highs or break them as many other coins are doing now. Market cap is quite small at $3.6 billion. As a bonus the coin can be staked on Kraken for an annual 5.5% return.
Fundamentally I don't know much about the coin but it's another decentralized computing platform with proof of stake like Ethereum, Polkadot, Cardano, etc. My money is on Ethereum to hold the lead in the "decentralized computing platform" battle, but I'll put a little into things like this simply for the potential upside if/when the coin starts to get discovered again.
This is not investment advice and I'm not an investment adviser. Small cryptos are crazy volatile and can go down faster than they go up (and they can go up FAST). This is just what I'm doing because I'm a nut who thinks that early in a crypto bull could be the best time to play a few small cryptos that look like they might move soon.
Tezos XTZ headed for new ATHIt would appear my previous analysis about the cup and handle pattern is playing out. XTZ Tezos is looking to head to new all time highs. The only question is how long will it take to achieve its price above $12 USD.
Please like and subscribe if you like the content.
This is not financial advice and is to be used for educational purposes only as I am not a financial advisor.
Happy Sunday XTZ Hodler and Traders alike!
Tezos (CRYPTO: $XTZ) On Center Stage @ NY Mets, Citi Field ⚾"What Is Tezos (XTZ)?
Tezos is a blockchain network that’s based on smart contracts, in a way that’s not too dissimilar to Ethereum. However, there’s a big difference: Tezos aims to offer infrastructure that is more advanced — meaning it can evolve and improve over time without there ever being a danger of a hard fork. This is something that both Bitcoin and Ethereum have suffered since they were created. People who hold XTZ can vote on proposals for protocol upgrades that have been put forward by Tezos developers.
To learn more about this project, check out our deep dive of Tezos.
This open-source platform bills itself as “secure, upgradable and built to last” — and says its smart contract language provides the accuracy that is required for high-value use cases. According to Tezos, its approach means that it is futureproof and will “remain state-of-the-art long into the future,” meaning it can embrace developments in blockchain technology.
The technology underpinning Tezos was first proposed in a white paper that was released in September 2014. After a series of delays, the Tezos mainnet launched four years later.
Who Are the Founders of Tezos?
Arthur Breitman was the man who wrote the Tezos white paper — and in a nod to Satoshi Nakamoto, he wrote his works under the pen name L. M. Goodman. He argued that one of Bitcoin’s biggest failings was the lack of a governance process that invited contributions from the community who use the network — as well as the fact that new tokens couldn’t be issued through this blockchain.
He and his wife Kathleen founded a startup called Dynamic Ledger Solutions which was tasked with writing the code that would underpin the Tezos protocol. This company was subsequently purchased by the Tezos Foundation to ensure that it owned all of the intellectual property rights relating to the network.
What Makes Tezos Unique?
Although staking is common across blockchains, Tezos has a unique twist on this process. Participants can get involved with the network’s governance through “baking,” where they effectively stake 8,000 XTZ. This creates a financial incentive to act honestly.
Bakers are then tasked with voting on proposed changes to the blockchain’s code in a four-step procedure that takes approximately 23 days. Proposals that receive support from the vast majority of participants are put through their paces on a testnet for 48 hours and are fully implemented if they are backed by a super-majority.
Tezos is also unique because of how it has started to be used by high-profile businesses. In September 2020, it was announced that the French banking giant Societe Generale planned to use this blockchain for experimenting with a central bank digital currency.
Big cryptocurrency exchanges such as Binance and Coinbase have also unveiled support for Tezos staking, meaning users can receive rewards based on the XTZ that they hold. This is not a feature that’s seen too widely across digital assets." ~ CoinMarketCap
XTZ inverse head and shoulders (Active)Here is a big inverse head and shoulders on XTZ chart, pattern target is 14$.
Possible Scenarios XTZCould go to $2 to accumulate again. Otherwise we are looking at a conservative $12 near term.
XTZUSD 5D Critical areaXTZUSD 5D. Has double top and retraced, touched GP and bounced, currently at 0.786 fibb resistance. if it breaks and closes 5D candle in 1d4h above white line, I'd see it continuation to above $8, ant to 1.414 fibb extension which is ATH ! On macro 7.64-8.02 is GP of the ATH retracement. It will either reject and fall to low 3's for Grand Retrace of 0.236 local and 0.236 ATH fibb and print another HL.
XTZ Still in it XTZ - looks like a solid up trend to me. Price above key MAs is very attractive.
I dont think its dumping.
XTZ/USD Chart I don't know what can happen in this scenario, but a long is the most probable move for XTZ.However if the coin drops below the 5$ support a short position is the best to take. Comment your thoughts on this, like and follow.
TEZOS to $20 by OctoberPrice consolidation appears to be a giga triangle which is common for wave iv corrections
Parabolic advance should follow once the upper border of the trendline gets broken
Triangles like these are very common in bull markets
Should be a EZ buy at this level
next stop 20+ buckS!
Double bottom or more consolation?Possible double bottom or further consolidation
Support 5.46
Resistance 6.03
Volume is also increasing
RSI indicates a new trend
XTZ resurrectionRetracement to subwave 4 of the lower degree fully fulfilled ;. Which is common for wave 2 correction
resume UP only
Short XTZ Perp / USDT - Might have got in too late!XTZ / USDT has been crazy volatile lately. Even though we are seeing higher lows, the most recent high on 9/25 was lower that the last peek on 9/14. Shorted at 6.254. we are bouncing off the same floor as we saw with the last significant drop but I think this is dead cat and we are going lower. If we break below 5.85 I'll 2x my position. DON'T GET LIQUIDATED! Good luck out there!
Tezos (XTZ) - Cup & Handle (cont.)Just observing that, coincident with BTC looking like it is about to make a move upwards, XTZ might have formed a bottom of a Wave 2, in a posture that could see it take out $8 pretty quickly.
XTZ_SHOT , 4USD ~ 4.5 USD , 2021 09 28Hello
tezos chart
Tezos is very dangerous and has a high probability of going down.
But I think a strong shot will come out after entering the buying zone.
this is my personal opinion
good luck.
2021 09 28
Tezos Turbo Parabolic Advancement Made this chart for your everyone's future
If you sell before December you'll be left behind
Cuz as crazy as this may sound we are still going to 113 dollars before EOY
Will you be the one to do the bidding? or will you be the one to get left behind this spaceship
Go balls deep in this BEST CRYPTO ASSEST
there is no second best , not even BITCOIN
cheers
XTZ buy opportunity asside from XTZs choppy introduction, it has been following this channel. Maybe in 5 months if it does what I expected I will buy. somewhere around the $3.50 to $3.0 range
XTZ looking ready for ATHBeen following/playing this one for years. One of the more disappointing cryptos (price wise) that didn't get the same boom many of the big boys got when crypto was on fire late last year and early this year. However fundamentals are solid and while most cryptos will eventually die off, I expect we see this one still around 10 years from now.
Not my usual play. RSI is higher than my usual entry and all kinds of resistance ahead. Not to mention this was just priced at $4.50 a few days ago. But sometimes you have to throw that out the window, especially in the crypto world. Something tells me if XTZ breaks or at least maintains these resistances for a few days, ATH are not too far away. Volume these past few weeks does seem to be at ATH levels. Time for price levels to do the same. 66%+ gains are definitely in play
Starting an entry here not going to nuts with it. Will average down if given the opportunity.
Tezos (XTZ) - Cup & Handle A very strong Cup & Handle formation has setup XTZ for some quick gains up towards the $10 level. With the MACD preparing a bullish cross, with a rising RSI and increasing trading Volume, once $8 is breached, $10 shouldn't be far behind.
XTZ social volume ups the antiTezos 4hr just can't stay out of the limelight battle-tested hard and ready for the crypto Armageddon So recovery is well underway from the local 44% pullback from $8 and looks ready to take on the resistance levels ahead from $7.70-$8.40 then we good for the $10 initial target and on to $12.20 Parameters are reset and bullish candles are now above the ma's and the cloud also turned positive
XTZ perfect cup and handle formingGood Afternoon Traders,
Crypto Centric here. Is anyone one else watching the XTZ (Tezos) daily chart. There is what looks to be a beautiful cup and handle pattern forming. Now we need to clear the green zone between $7-$8 roughly and then back test it to confirm a breakout. But this is something I will be watching closely.
This analysis is not financial advise and is for educational purposes only as I am not a financial advisor.
XTZ Rallies Again! Up 16.85% from Base PreliminaryXTZ is at it again guys. Got out of the last swing yesterday at .618% with hot gains just in time to snag this new momentum play after BTC's latest correction this morning.
The gift that keeps giving, XTZ has netted me 16.85% gains so far from a 5.9183 base preliminary from this morning, after I tested the depth with new series of DCAs entered on the way down to the bottom (yellow rays), starting at 6.4386. I expect this swing to keep climbing after a series of tests and retests and minor corrections peaking around the 1.618% Fibonacci level where I'll consider liquidating my position after taking profit at each fib zone on the way up. Wishing everyone prosperous and safe swing trading -- Jalapablo
*Professional Wyckoffian VSA crypto swing trader (since 2017). I regularly seek out the most lucrative swings on all the major exchanges.
All my charts are clean, straightforward, and easy to follow. No junk, no needless indicators, just solid volume spread analysis ( VSA ) and 'take-the-money-and-run' Fibonacci target zones.
I go after the runners and big money. My win rates are between 80-85%. Follow me on TradingView and see for yourself.
I review over 300 coins & tokens daily and handpick all the runners myself (no bot signals).
** Not financial advice. Trade at your own risk.
Tezos WeeklyZoomed out, we see that this has been in an uptrend since inception. This project does not get the fanfare of some of the others (Sol, Atom) but if you look at the solid demand over the past few months it's apparent that it''s only a matter of time until this coin rockets up in price discovery. Right now, 77% is staked and earning it's holder interest, and I'm not planning on selling anytime any time soon either, although it would be silly not to take profit here and there as we start to reach my targets (in my last post). Overall this is a long hold with amazing fundamentals, on-chain governance models that are future looking, and a good inflation rate to support further growth (inflation is not always a bad thing) as new market participants start to take interest in Defi and NFTs with low fees (try entering a contract or minting an NFT on Ethereum right now). Even though I'm still an Eth bull (have been since early 2017) I refuse to pay the fees and have started to put most of my long term ETH hold into the ETH 2.0 contract.
