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XTZUSD trade ideas

Can we break out of the long term down trend?Tezos led the market with a pump this week, but can it be sustained? Tezos has been trading in an ascending channel which looks like a classic bear flag. The price is testing an important level right now, if it can break out of the long term downtrend, $5 is the first target and $5.80 the second. However, if Tezos can't break out of the downtrend, the bottom of the uptrend will be tested at $3.50. A break below the ascending channel will confirm the bear flag pattern, and could accelerate losses to the bottom trendline at $2.60. I want to be bullish on Tezos, but unfortunately, I think the price action is going to largely depend on bitcoin. If bitcoin can can break through 42k in the next few days, I think the bullish scenario is more likely; however, if bitcoin drops back below 40k to the 38k levels, I think we will see the bear flag confirmed. I have exited my Tezos position for now and will wait for more clarity in the market direction. Not financial advice
BITFINEX:XTZUSD
by reven4nt
💥TEZOS IS READY FOR 2X ROI TO $8🚀Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ Price bounced back from the fourth support zone on the trendline and it’s currently heading to the upper trendline serving as resistance. This right here is a confirmation that price is rising to $8. What do you think? Share your opinion in the comment section✍️ Follow me to receive more updates on TEZOS (XTZUSD ) 🤗 Happy Trading💰🥳🤗
COINBASE:XTZUSDLong
by PetrockFxTrading
XTZ Due For a Correction!?Tezos has been pushing up solidly recently from around january 26th we have been on a steady rise, we are currently trading inside of a rising wedge which is actually a bearish pattern and i believe we could be in for a healthy corrective move coming up soon. Don't get me wrong i am overall very bullish on Tezos in the longer term especially but i think we are due for a corrective move any day now. What im looking at is a possible false breakout of this rising wedge we have right now to the upside before coming back down quickly, this would effectively liquidate traders if we saw a move like this happen. Now if we look at our Mean Reversion channel we notice that our "mean" is below us about -15% currently, price tends to come back to this point sooner than later. Now another indication of a move like this happening is because we notice our top yellow/red band is right above the rising wedge, now this part indicates that price action is overbought-strong overbought, so playing back into my scenario with a false upside breakout landing us right in this overbought territory gives me more confirmation that a corrective move is coming. Now another reason is just due to the fact that we have seen very bullish price action recently, we have been steady moving to the upside with little to no corrective moves. Now what i am excited about here is that a move like this will provide yet another great buying and entry opportunity. Now lets look at the RSI, one thing is absolutely amazing, we are currently atleast on our 4H chart in a confirmed uptrend, this is shown by the RSI remaining above the midline for a decent amount of time, now another thing that plays into my prediction is that if we check a percentage drop on the RSI to a likely bounce support we actually line up perfectly with the same percentage as the mean is away from price action roughly 15-15.7%! Not financial advice just my opinion!
COINBASE:XTZUSDShort
by JacobR905
Tezos (XTZ) - January 25Hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (XTZUSD 1W Chart) (Full: ) 1.8553 2069 point and above: uptrend expected to continue 4.0914 4691-4.4192 4300 or more: Expected to create a new wave. You need to see if the uptrend can continue along the uptrend line. A move above the 4.4192 4300 point is expected to accelerate the uptrend and find resistance at the 5.5738 1603-6.0233 4096 section. If it goes down from the uptrend line, it is likely to drop below the 1.8553 2069 point, so trade cautiously. ------------------------------------- (XTZBTC 1W Chart) 0.0001 4931-0.0001 7620 or higher: Expected to create a new wave. Beginning in September 2021, the Bollinger Bands began to contract. Therefore, a break from the downtrend line above the 0.0000 9730 point is expected to turn into an uptrend. 0.0000 6690-0.0001 4931 section is the bottom section. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
HITBTC:XTZUSD
by readCrypto
XTZ Potential Channel BounceI have been watching this channel on the logarithmic chart for Tezos for almost a year now, and at least thus far it has consistently bounced near the channel bottom which is currently approaching. It looks further possible that a bounce might occur based on bullish reversal divergence on the daily chart for both MACD and RSI. The bounce will likely be dependent upon BTC, but see my post yesterday for how I think that BTC might also bounce here, supporting the idea of a Tezos bounce: Either way, should be interesting to see if the trend holds up or if a new trend is about to occur. And as always, this is solely my opinion and is not in any way meant as financial advice. But please like or comment if you agree or have any further opinions!
COINBASE:XTZUSDLong
by crypto_trends
TezTrainAll aboard the TezTrain! Tickets cost $3, and the price increases at a steady 100% per year. The wheels are rusty, the seats are uncomfortable, and passengers of hypersonic flying meme trains will mock you and crash into you several times each year. Loyalty customers receive 5% reward per year on their ticket purchase. If you live in the United States, you'll get to meet the famous taxman 'Uncle Sam', who comes aboard to steal half of your loyalty bonus each year. If the ticket price goes down and you forgot to give away your bonus rewards before the end of the year, Uncle Sam will punch you in the mouth, steal all of your loyalty rewards, and take some of the original ticket value! If this sounds like the ride for you, come aboard the TezTrain! We service all countries with less than a billion citizens, and all United States except New York! Get your tickets on sale now!
COINBASE:XTZUSDLong
by swilton
7
XTZ Rebound Coming Soon!?doing a little update on XTZUSD on a 4H timeframe, since out last TA we were trading inside of the red pennant, we had a false breakout and a once again a drop that is keeping us in this sideways structure. Shown by the green horizontal lines we have been getting rejected and have bounced many times in this zone, going all the way back to the beginning of september we have been stuck in this sideways channel, the positive thing is that we are respecting it very well on the support side not slipping through the bottom, we are currently sitting near the bottom of the zone just having a bounce off of it and starting to move to the upside. Looking at our pivot points, price action just bounced off the S1 support level and our next target is definitely the blue pivot point, this level if broken above and held can trigger a reversal and pivot to the upside, we also have another pivot point we are looking at above the blue zone and capturing this level should definitely give XTZ that bullish boost we need to really start moving up. I also have a breakout zone drawn out that is going to be important to capture, it lines up with the secondary pivot point and is a decent ways above the green sideways channel we are currently stuck in, breaking above here and holding the box i have drawn out will give us big bullish momentum and is what we need to do to really get that upside boost, i should also point out that getting ahold of this area effectively breaks the current sideways structure and should lead to a breakout! Now looking at our wavetrend we are looking good here we had a bit of a double bottom in the buy zone and have since started to reverse to the upside, keep in mind this indicator is slow moving and doesn't usually make jagged or sharp moves, we usually see a smooth transition between bearish and bullish waves, i am expecting this to be the start of another bullish wave that could bring us well above that midline, we havent seen a really strong bullish wave since earlier this month and i am looking for something similar here coming soon!
COINBASE:XTZUSDLong
by JacobR905
XTZUSD possible bottomXTZUSD has been getting slaughtered for more than three months straight. The market right now obviously looks pretty damaged, and a lot of people are calling for sub $40k BTC targets... but there are other factors to take into consideration here. First, XTZ has been front-running the market on longer timeframes. In the last cycle, XTZ was both an early riser and an early topper. XTZ topped in early October whereas almost all other coins topped in mid November. Second, there is a clear fractal repeating in some of the most popular indicators (RSI, MFI, MACD) on all of the long timeframes (2D, 3D, 1W), especially MACD. It's not a sure thing but it's at least worth a look.
KRAKEN:XTZUSDLong
by swilton