XTZUSD trade ideas
XTZ Tezos Bullish Wedge To Bullish Wedge RetestMan, sometimes i can be such an idiot :). I noticed yesterday that i accidently posted 3 analysis as a hidden post, then i posted all of them again as a normal post, now i am seeing i posted this one twice as a hidden post :),
One would say, if there was a moment for alts to rally, it would be now with Bitcoins big ATH breakout. But why are most of them barely moving? The big alts like ETH and LTC and a few more did move quite a bit, but i see that many of the smaller ones (didn't check all of them). I don't have a theory on why this is, but as during most rallies since 2019, most of the worlds eyes are on Bitcoin and not on the rest.
So even though the setup is here for Tezos, i honestly don't know if it will play out or not, but there is potential. On the right it looks like a bullish wedge, as long as it doesn't drop below the green box, the wedge is in play. The target of the small wedge is around 2.4. The big question though is, if this small wedge plays out, is it just a small rally until the 2.4 or will we see those old school pumps like we saw in the past? For that, it's important to see it pump past that 2.4 target. So reaching the 2.6/2.7, if that would happen, then more would be possible for the coming weeks/months.
The hidden post:
Previous analysis:
XTZUSD - FallingWedge Breakout (4HR Timeframe)Breakout of the FallingWedge and clear support from the year long trendline support, so good chance we see continuation to the upside as long as Bitcoin holds steady.
The level I'm watching is the $2.60 region since it was previous resistance multiple times, as well a previous target of a bigger FallingWedge seen 2 months beforehand.
It's also possible for us to reach and test the $3.00 regions in the future, and eventually testing the upper support of the year long trend, though it is too far out to analyze for the meantime. Also, if the price stalls too long in it's current area of $2.35, then that may be a bad sign as well, we need a big push.
XTZUSD 1DResistance around 2.3 is broken.
OBV looks good, have to see if it holds or breaks downwards.
XTZ/USD (round 2) :)XTZ/USD round 2
XTZ has had a massive sold off after our date of 10th August 2020.
Now is at an interesting level for holders to reaccumulate, anyhow, if you are already in , you will see 2 interesting targets in red (TP1, TP2) to redistribute/sell.
With a DAILY close above the black resistance at around 4.492 would activate the much more ambitious targets.
An eventual fall and close below 2.32 would activate the 2 buys in green.
Good Luck :)
LSMTS
TEZOS RELOADED AND READY TO LAUNCH !tezos went back reloading his rocket and now breaking and retesting
XTZ at the bottom 2.50 -> 5.00 -> 8.00looking at daily chart and marking support/resistance zones. XTZ is staying in upward channel. could take a couple months to reach new highs, but if you were going to buy at the bottom and hold, the signals emphasize now to be a good time. Possible that we could see 1.85 before moving up but the risk/reward on the long term target is very good.
break out confirmed so after a break out we see a retest to descending trend line and now with a candle to the upside we could make sure the break out is confirmed and we most probably will move further to the uper trend line shown on chart
good luck
XTZLooks like W as well. Many alts look the same. Seriously just throw a dart hold and make money soon.
Very attractive to buy at this levelIts guaranteed that you will make profit with this price, if you don't overleverage. As beginner you shouldn't leverage more than 1.5 x so 50 % of what you have, you can lend, but no more, its to difficult as beginner you will be liquidated. The chart is looking bearish, but where we are in the market is a very special moment. The BTC dominance can drop at any time. The DXY can collapse at any time. And BTC can breakout of ATH at any point now. As soon as BTC starts breaking out I have no doubts that XTZ will benefit.
King XTZ 12.12.2020 Silver ComparisonI must first start out by saying that XTZ has continued to solidify its fundamentals. We are now on EDO and this last protocol upgrade really broke out the big guns. The implementation of Sapling protocol which allows for privately shielded transactions. Its a beautiful thing really. Tezos only grows stronger by the day and its evolution is simply phenomenal.
I enjoy looking at the insane similarities between alt coins and silver. It's as if they are on the same exact algorithm buys. I do expect further consolidation before an explosive move upwards. What you have now is high volatility to crush traders stop losses both upward and downward. The real losers are more than likely derivatives. Best option is still accumulation and hold. Still putting in macro higher lows. These macro patterns take many months to years to play out so if you are thinking lambo overnight you are in for disappointment. Buy and hold. I've given this simple advice since i first joined. It hasnt changed. ATOM, XTZ, SXP, BTC,ETH, BNB, AAVE, BAND, LINK, the list is endless bc there are so many solid projects and i believe they all have a place in the future. Buy a hardware wallet. Buy crypto and transfer to it instantly. Sit back and relax. Cryptos are going to go MUCH MUCH higher over the next 10 years.
XTZUSD 1hbroke the lower channel and retested twice.
if it cannot regain .236 as support we can see more downwards for short term near 2.03
Tezos Rising Wedge Breakdown XTZUSDClear rising wedge
This is a bearish pattern and bearish results can be observed already.
Long term growth potential outpaces the potential 'savings' from selling based on this observation. I advise holding if you are an owner of this coin.
Hence my position on this coin is neutral.
XTZ looking for another runXTZ looks to have formed double bottom along trendline and if we can break neckline, we will retest top at roughly $3 and possibly even $3.5
XTZThis next leg up on XTZ should hit my TP around $4 plus. Daily Stochastic getting oversold but fighting to stay in the purple box zone,
H4 looking to start moving towards overbought this should lift the daily & keep elevating the weekly stoch rsi as well. I will close 50% of my position at my TP & keep the rest on free ride for the moon shot whenever that day arrives.
