XTZ to 1.85Keeping this one short.
Head and shoulders forming on the 4H chart and a strong RSI and CCI bearish divergence currently which XTZ reacts to wach time. Expecting a drop down to the neckline at around 1.85.
XTZUSD trade ideas
XTZ, currently relatively strong.The following content is machine translation:
On the daily chart, since May 12, a volatile upward trend has been formed, and the resistance level is around 2.2. In the case of the overall correction today, XTZ unexpectedly started to counterattack, and now it has reached the resistance of 2.2, rising 4.27% within the day, which is relatively strong.
In terms of indicators, the Bollinger Bands indicator began a gentle upward trend. Recently, it has been supported on the middle track and suppressed on the upper track. The fast and slow line of the MACD indicator is upward at the trend line below the zero axis, indicating a bullish trend. Since the RSI indicator fell to the neutral 50 in early April, it has risen above 50 for the first time. It has been suppressed and retraced from the front to the vicinity of 50, and now it returns to the bullish range.
Therefore, judging by the pattern combined with the indicators, there is resistance near 2.2, and the upper track of the Bollinger Band is also near 2.2, which has a suppressing effect. If the RSI indicator remains above 50 today, there is a high probability of rising in the future. Therefore, if the market does not fall sharply after breaking through 2.2, it can be much shorter.
Reasons for Crypto-Optimism During the Next RecessionMade a list of a few things for crypto holders to be optimistic about the recession/depression about to unfold in the global markets right now.
- Crypto's market cap is less than 1% (possibly even less than 0.1%) of traditional stocks. If the stock market goes down,
- Banks are taking their time raising interest rates on savings accounts while pushing mortgage and loan rates up at the same time. This will make staking rewards (XTZ- 4.6%, ETH - 3.65%) look appealing.
- The 2008 recession coincides with a period where tech companies (Apple, Google, Facebook, Microsoft) took over the charts of the Fortune 500. We're likely to see a similar thing happen again - crypto is the industry most positioned to be in that category right now.
- Ponzi schemes exist in traditional markets too, and we're going to see Bernie Madoff-esque figures emerge as the market starts to dip. Madoff was able to keep his racket going for over 20 years just because the stock market kept on going up and up. When that stops, the scams will too. (Many of these practices have been "legalized" in the finance worlds at this point, but it won't change the fact that people will lose money and there will be a backlash against that.) This will further erode trust in the traditional markets as a whole.
People generally don't do research unless they're forced to, but the economic slowdown may force a lot of people to look further into the details out there. This generally works in favor of crypto assets since what they offer now is just a better deal for most people out there.
XTZ TEZOS USD : BOTTOM IS IN BOUNCE OFF MAJOR SUPPORT $14 - $22XTZ Tezos USD had broken below the long time rising trend line area of support, breaking down out of the ascending broadening wedge thats been going on for the past few years. I believe the correction is over and this is a fantastic buying opportunity for XTZ. It corrected close to 50% from the initial break of the wedge, which is a typical and common percentage correction after breaking this pattern before reversing back to the upside. I see a target of about $14 dollars minimum by June of 2023, and at that time we will revisit XTZ and see if it has the strength to break the upper trend line of the wedge and have an even more massive run to $20 - $25 and use the upper trend line as support for the next run! Indicators are also pointing towards a nice run up, MACD, STOCH RSI, and BBWP.
Also the USA government is signing executive orders to regulate this space, along with handle the major power consumption that proof of work coins are using. They will probably suggest proof of stake because it uses virtually no real power. At that time BTC may have to switch to proof of stake or another proof method for validating blocks. I think that proof of stake coins are going to be the next major go to. ETH may have seen this coming and hence why they switched to proof of stake? ETH may overtake BTC if and when that happens.
If we do end up breaking down however below the current support then we will probably go all the way down to the next major support line to about $.30 cents or so. I dont think that will happen because I believe the bottom is in in the majority of the crypto market as a whole. If we do end up going into a multi year bear market then XTZ will probably break down to that low of 30 cents. I don't believe that is the case though, especially because I have been in crypto for a long time and I know what to look for in market bottoms and I don't mean just charts, and this almost identical to the last bottoms I have been through!
This is not financial advice!
TEZZZEEETez is a savage. whatever happens it'll probably be a bit more brutal than this but maybe the nfts in there itll dampen the volla
Tezos run it back turbo 8-9 bucks inboundUP only . exe for this coin after nearly 5 years of crab price action
Ghost candles derived from bitcoin price action Q4 2020
Tezos (XTZ) Continues its Rally: The Future of NFTs and Web3Tezos continues to beat the markets (both in crypto and in fiat) as of this week, growing as much as 20% in the last 5 days while most other assets continues to slump. This growth is being driven by increased transactions and traction - particularly around the NFT marketplaces.
A more detailed look at the history and growth potential of the chain.
teia.surf (Curation Layer built on Teia)
teia.art (Version 2 and re-brand of Hic et Nunc)
objkt.com (One of the biggest NFT platforms on the Tezos ecosystem right now - recently formed a partnership with TEIA for cross-platform interoperability.)
Tezos (XTZ) Beats Everything This Week. What's Driving the Hype?As of this week, Tezos (XTZ) was one of the few coins that actually ended up in the green, showing a type of independent movement that has never been seen before. What's driving the excitement behind the project that caused people to buy the dip?
XTZ/USD shows bullish potential at $1.78Tezos price analysis shows that the XTZ/USD pair is trading in a bullish trend as the market price has surged by over 5% in the last 24-hours. The market price is currently facing resistance at $1.79 however, if it breaks above this level, it could surge to $2. The next level of support is present at $1.68.The Tezos price is currently trading at $1.78.
XTZ USD Tez ossss...Pretty much the same. Taking into consideration that we are currently in a bear market this move remains internal at a macro level.
I believe that If we are not going to challenge the current vertical resistance and come back to re-test it I'm not seeing any signs of a potential trend change.
Tezos - TA for ArtistsKey weekly support level for tezos. Expect bounce back to volume area show. If holding profits from art sales in TZ - watch support level we are at now. Break below could be trouble
XTZUSD Comfortable UptrendConsistent higher lows can be seen on the left chart (coinbase)
Each one of these lows provides a unique support level
The uptrend isn't going anywhere
On the right I demonstrate how price is above a confirmed support level
This will lead to a bounce and return upwards
Bullish
XTZ TEZOS is a 75er!Do I smell bottom right here?
Looking at all previous corrections, XTZ has never retraced more than 75% in price. And right now we are at that level again, suggestion take off will be soon!
Hold my beer pls
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No financial advice, do your own research, don't be stupid
TRYX ANALYSIS | XTZUSD |XTZUSD we have three support areas for the next period from where we follow long transactions. Here we have an excellent risk to reward
XTZ Daily Review & 2 Possible StoriesXTZ at Daily chart is at very important place named " Liquidity Base "
thats the last base of compression
if it engulf this base we have sell story :)
our confirmation is william PR indicator and Cp moves up and strong weekly Supply above that works perfectly
but it can provides a good buy even it engulf the LqBase
helped by priceaction and RTM & ICT METHODS & ORDERFLOW & SMARTMONEY CONCEPT
sincerely BEARBOURSE
XTZ Long term Trend Line TestingJust drawing and posting this to keep things in mind.
XTZ is on the green line of long term support.
Interesting to see if it holds.
XTZ Daily ChartBullish structure on Tezos. Still working on the count but trend looks good for now. First target should be 100% of a, around 5 usd.
XTZ/USD daily M patternFundamental: The COT data for Bitcoin is net long, and the largest amount shorts were closed since beginning of January. Banks are taking profit on their short positions from the bear run. XLM correlates with Bitcoin
Technical: There is a daily M pattern that has formed depicted in white ( bullish ). This pattern completes at the neckline depicted by green. There is also a double bottom that has printed (blue). The weekly chart has printed a triple bottom depicted by yellow ( bullish ). Lower timeframes will be analyzed to determine entry point.
XTZ broadening wedge#XTZ/USDT
$XTZ is inside weekly broadening wedge pattern, and price is near lower line.
🐮 holding the lower line of wedge that is the same with support zone, will increase price to resistance around $4 and break out from this resistance will head up price toward resistance of 0.5 fib level that is the same with ascending trend line.
break out from ascending trend line in long term will increase price to upper line of wedge that is the same with 1.414 and 1.618 fib levels.
🐻 break down from lower line of wedge will drop price to support around $1.5.
TEZOS uptrend intact; If BO Vol Profile zone;next 2 FIBO targetsTEZOS is holding the 3.23 to 2.72 Volume Profile support zone & is now trying to break above it with a higher high & a higher low in place.
If it succeeds in breaking above the black anchored VWAP from recent low & then cross above the nearest GANN line, then the next 2 FIBO levels will be targets. (See chart for TPs 4.48 & 5.37)
Rejection from VWAP or GANN line will see a retest of the blue uptrendline or even the violet VP support zone low at 2.72 (violet uptrendline). Also notable are the 2 potential triangles forming.
Not trading advice
Game plan for XTZ TEZOS
According to my game plan, which I published on March 8, Tezos hit exactly 1 target (4.13 USD) and returned to the support it has held since 2018.
I see the possibility to repeat 1 target or even target over 5 USD.
The possibility of a false break under the support to activate the stop loss.
Not the financial board.
Just for fun.
