XTZUSDT trade ideas
#XTZ/USDT LONG TRADE SETUP #XTZ/USDT LONG TRADE SETUP
LONG ENTRY:-$1.59 - $1.61
STOPLOSS:-$1.56
TARGET:-7% TO 10%
LEVERAGE :-10X TO 20X
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
Royalties and Copyright: How DAOs Will Facilitate These in Web3So the reality of the NFT marketplace right now is that there is no way to technically enforce royalty payments for artists since it's up to the platform to decide to honor that or not. (Search the phrase online and you'll see that it's the talk of the industry right now - this includes the original artist for those monkey jpegs too, btw - she was left out of the equity deal and basically got nothing.) There might be a way to close this loophole at some point but for now, it's something both artists and collectors need to be mindful of if they really care about the ideals of Web3.
The blockchain can be a double-edged sword in this way - on one hand, everyone has more autonomy and freedom to do what they want, but it's probably unwise to assume everyone will be doing things in good faith. Some platforms are already advertising them ripping artists off as a 'discount". And there's nothing stopping them from undercutting other platforms who actually are honoring the royalties in good faith.
If mp3 pirating apps and other Web2 content sites are any indication, we know that the tech industry as a whole tends to be more sympathetic to the one doing the undercutting than the ones honoring the deals...because "disruption" or something. There's an inherent distrust of collective action as a whole in the ethos of Silicon Valley right now, though that's another issue altogether. Either way, a lot of the money made in Web2 were done on the backs of artists and creatives basically doing things for free. That is how the business model works, at the end of the day.
But this is also the reason why we have fake-news, false advertising, dystopian narratives everywhere, and why many techies don't get the status/prestige they think they deserve despite making so much money, working long hours, and screaming a lot on social media. There's 0 chance that you'll leave a positive legacy if you're constantly screwing over the folks who're writing the songs, after all.
The "Web3" movement is more fragile than a lot of people think, since once you start looking into the details you realize how easily this whole thing could just become another iteration of Web2 with crypto-buzzwords thrown on top. Bitcoin is already there, Ethereum also on its way (we'll see if the merge will help them act together), Dogecoin wants to do the right thing but doesn't know how. Aside from the good doggie Doge (🐕🥰), the recession taking these projects down a peg or two wouldn't be a bad thing, imo - it'll open up avenues for more serious projects in the altcoin category to emerge. (I do like Tezos in this regard, which I covered a few times here too.)
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When I was in the Bay Area a few years ago, I still remember a few of my friends taking "gigs" where the job was to follow some rich family around and create albums/pictures of them - for their "legacy". Beyond cringey 😬 and usually a mask for the deeper personal issues that was lurking underneath. Not to mention Silicon Valley's obsession with the Singularity, anti-aging products, and artificial-intelligence that is an implicit confession that because they will definitely not be remembered after one generation, everything must be done in order to keep their influence artificially alive. That's the sort of ethos that we're living in right now - and also why I felt like I had to leave that place, just in order to maintain my sanity. (That latter part is TBD but can't imagine how worse it'd be if I was still there, honestly.)
But it's the sort of race-to-the-bottom, screw-the-creator-at-all-costs types of "content" that are perfect candidates for ending up on the trash-pile of history - which will probably include most Web2 platforms and its affiliated leaders right now. If people wanted boredom, hopelessness and gaslighting, all they have to do is go to the status quo - Web3 was supposed to be arbiter to bring something different, not more of the same. Most of the smart ones in the large, powerful institutions saw the writing on the wall and left years ago - the ones still hanging on are probably the first to go when the recession hits and people's priorities start to change.
So what can be done? Well, the good news is that DAOs and blockchains allow us to organize and track things objectively, artists can collectively judge whether or not a platform is doing things in accordance to their interests and needs. In a few years, I think I can see these DAOs - neither a private company nor a traditional union - influencing the market by making recommendations to both artists and collectors out there about which platforms to use...and if the platforms want to actually survive long-term, they have to comply.
This is one very practical application of a DAO (which functions similar to industry associations, trade-unions, performance rights organizations, or standard-settings orgs like ICANN or W3C) and there are many more to come - though it will require the artist to take a more active role in defending their self-interests more than they have in recent history. I know that there's a lot of artists out there who have abandoned all hope at this point - but the time to give up isn't now. Some of history's biggest achievements were done through DAO-like orgs and the idea of it becoming a thing in the near future should be a good thing, over all.
The blockchain is there for us to organize ourselves, hold people and parties accountable, and most importantly GET ARTISTS PAID. That's the thing that will solve the world's "fake news" problem, and the overall malaise and hopelessness that we're experiencing now as a whole. Real art doesn't just parrot an agenda - it tells the truth, after all. The work is just beginning now, if anything.
typed.art
$XTZ TezosXTZ bounced from the historical trend-line support and after that it is accumulating in an ascending channel and showing bullish strength. A breakout above ascending channel with bullish candle close is the confirmation of an upward trend in it to hit the upper marked resistance levels.
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MetaFutures.
XTZUSD ❕ margin for fallXTZ is moving in an upward channel above the trading range.
There is no optimism for a continuation of the uptrend, so we should expect the asset to fall into a range to collect liquidity.
I expect that after fixing under the resistance level XTZ may continue to decline. Further direction will depend on the price reaction on the upper boundary of the range.
Xtz/USDT Long📈Previous important support and resistance zones:
***s1: 1.787
***r1: 1.899
**r2: 1.931
*r3: 1.954
Conditions for Long:
1.Descending triangle breakout
2.trendline breakout
3.momentum indicator trendline breakout
4.support from previous support ***s1 zone
6.Money flow index turned green from red
7.volatility has increased
8.di+ is above the di-
9.adx line is above the 20 level
Stoploss:
1.below the recent low
Take profit:
1.take profit is dynamic,trailing stop loss/take profit
Exit point:
1.will be updated later in the comments box only if someone asks
P. S. Price may not reach the arrow point so it's better to use trailing Stop-loss
Xtz/USDT Long📈Previous important support and resistance zones:
***s1: 1.737
***r1: 1.877
**r2: 1.899
*r3: 1.933
Conditions for long:
1. Descending triangle breakout
2.trendline breakout
3.momentum indicator trendline breakout
4.support from previous support ***r1 zone
6.Money flow index turned green from red
7.volatility has increased
8.di+ is above the di-
9.adx line is above the 20 level
Stoploss:
1.below the previous support zone of ***s1: 1.737
Take profit:
1.trailing stop loss/take profit
Exit point:
1.will be updated later in the comments box only if anyone asks
Tezos (XTZ) Price Prediction 2022Tezos (XTZ) Price Prediction 2022
Tezos (XTZ) holds the 43rd position on CoinGecko right now. XTZ price prediction 2022 is explained below with a daily time frame.
The above chart of Tezos (XTZ) laid out the Descending channel pattern. Descending Channel. It is also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market.
Currently, Tezos (XTZ) is in the range of $1.790. If the pattern continues, the price of XTZ might reach the resistance levels of $4.014. If the trend reverses, then the price of XTZ may fall to $0.845.
Tezos (XTZ) Support and Resistance Levels
The chart below shows the support and resistance levels of Tezos (XTZ).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Tezos (XTZ).
Resistance Level 1 $1.840
Resistance Level 2 $2.250
Resistance Level 3 $2.931
Resistance Level 4 $4.097
Support Level 1.296
XTZ Support & Resistance Level
The charts show that Tezos (XTZ) has performed a bullish trend over the past month. If this trend continues, XTZ might run along with the bulls overtaking its resistance level at $4.097.
Accordingly, if the investors turn against crypto, the price of Tezos (XTZ) might plummet to almost $1.296, a bearish signal.
Fundamental :
Tezos (XTZ) Current Market Status
According to CoinGecko, the price of Tezos (XTZ) is $1.77 with a 24-hour trading volume of $43,215,813 at the time of writing. However, XTZ has decreased by nearly 7.4% in the last 24 hours.
Moreover, Tezos (XTZ) has a circulating supply of 896,925,598 XTZ. Currently, Tezos (XTZ) trades in cryptocurrency exchanges such as Binance, FMFW.io, Upbit, OKX, Coinbase Exchange and WhiteBIT.
What is Tezos (XTZ)?
Tezos (XTZ) is the native cryptocurrency of the Tezos. Tezos is an open-source, smart contract-based blockchain that facilitates the creation and development of smart contracts and dApps.
The blockchain is secured by a modified proof-of-stake (PoS) called liquid proof-of-stake (LPoS). Transactions are added onto the blocks and validated by group of validators called bakers and endorsers. Bakers are the ones who stake XTZ tokens and create new blocks. While endorsers validate the blocks.
Users can stake Tezos (XTZ) tokens to validate blocks and secure the blockchain. Token holders receive voting rights and participate in the network’s governance.
XTZUSDT is creating a bullflagThe price is creating a bull flag below the 4h resistance at 1.7% after a nice breakout from 1.5$ resistance.
How to approach it?
IF the price is going to have a breakout from the bullflag and retest the static resistance as new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
XTZ rejected on top of ascending channelUsually this ascending channel is called a bearish flag, however, due to BTC movements, it is possible XTZ may rise.
Nonetheless, XTZ is currently facing rejection and trading weak hands in this channel as you can see (zoom the chart if needed).
Upon the break of this channel, we still have those red resistance zones, and the massive long resistance line coming from the past, shown below:
When these red boxes are cleared the bullish momentum for the long term starts after breaking $2.60. until then I am not confident to give a long signal.
I remain on the sidelines.
XTZ has held support beautifully Link to previous chart with the same zones is posted below.
XTZ continued to hold all the supports I highlighted earlier. In my opinion, these are lower limits, and price below this level is hard to imagine. In other words, below $1.3.
I am expecting this to be the floor, and see this as a good sign for the trend up to start now.
I have highlighted some resistance or sell areas in red and possible movement.
These are the same red areas in the chart below as well.
I hope you followed along with the big buys I set up earlier. We are currently around +3000% profit with 75% success rate in 1.5 years with XTZ.
XTZUSDT | BULLISH PARALLEL CHANNELXTZUSDT has been trading in bullish parallel channel . The price is making higher highs and higher lows. Currently the price is approaching to upper boundary of channel.
The bulls need to break above the channel. While price rejection from upper channel will give control to bears.
Manage your levels accordingly.
Tezos Retracts, Prices Remains in a Rising Channel above $1.67Past Performance of Tezos
There are flashes of strength in Tezos' price action. However, despite the gains in the past trading week, buyers are struggling to shake off determined sellers. Currently, XTZ prices are within a rising channel with immediate support at $1.67 with caps at $1.85. The coin is inside the July 30 bull bar, a positive development for traders.
#Tezos Technical Analysis
Tezos is bullish and traders may load the dips above $1.67, based on the candlestick arrangement in the daily chart. Since prices are within the July 30 bull bar with support at $1.67, every low may offer an opportunity to double down with targets at last week's highs at $1.85 as prices trend inside the rising channel. Further gains with rising volumes above the previous week's highs may trigger more demand, lifting XTZ towards June 2022 highs of $2.33. Conversely, if bears flow back, forcing prices below $1.67 and May 2022 lows, XTZ could crash to $1.48 and even $1.20, or 2022 lows, in the short to medium term in a bear continuation formation.
What to Expect from #XTZ?
After double-digit losses from 2021 peaks, prices are recovering. The crypto market-wide recovery could prop up XTZ prices in the medium term, buoying bulls targeting June 2022 highs. These gains are, however, subject to how strongly prices break out from the rising channel.
Resistance level to watch out for: $1.85
Support level to watch out for: $1.67
Disclaimer: Opinions expressed are not investment advice. Do your research.
Buy signal after significant downtrendTezos had a rough time in the bear market with the price dropping around -90% since the all time high of around $9.20 after significant downward pressure now is a possible good entry. Price is near the lows and for only the second time since the drop from all time high we have a full buy signal. There has been two advance buy signals on the way so if you have been following that system you should already have a leg in this trade.
Things to note. We are still in a bear market so position sizing is important. There is a good chance this is just a bear market rally. The 3 day base is where I will be watching.
Take a look at the related link below to see the previous advance signal post in this pair.