XTZ (TEZOS) UPDATETwo scenario here... after breaking out of the falling wedge price retested and couldn't continue the bull run hence, breakdown, which turns to a descending triangle.
Right now there's no sign of reversal as volume is absent in the market and price could possibly poke out to touch the weekly support trendline.
Hold while we keep watch and update you on the next move.
XTZUSDT trade ideas
XTZUSDT is ready for the monthly support?The price lost the support after the breakout from the channel.
the market had the demand zone on the 2.9$ and now the price could flip the demand zone to the supply zone.
The price had a false breakout from the monthly resistance on the 3.9$ where the price got the liquidity for the bearish impulse.
How to approach?
The price could retest the demand zone as new resistance for the next bearish impulse until the monthly support where the market had the 1.27 Fibonacci EXT level.
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
XTZ | Tezos Clear Bearish TendenciesXTZ has been correcting from its ATH since October 2021. It is like a textbook correction with typical bear market rallies. Tezos is now trading around its main historical support trendline. If XTZ breaks below that, I think we will head towards $2-2.2.
However, given the current level and historical upside impetus from the main support trendline that you can see on the weekly timeframe, another rally is also on the horizon. A break out of the falling wedge would be a first bullish sign. The daily chart would turn bullish once XTZ can again scale above any of the higher dashed white trend lines that acted as resistance in the past.
Considering the volume profile, I tend to lean towards the bearish side on the macro picture.
Let's see how that plays out.
Thank you for your support.
XTZ triangle breakout 📐Tezos broke up this triangle📐 and I think there is chance for run to 5 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback.
ENTRY : local high @ 3.242
STOPLOSS (SL) : local low @ 2.857
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 5.080
REWARD RISK RATIO (RRR) : 4.7
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
XTZ (TEZOS) ANALYSIS UPDATEGood analysis is not the one that is perfect but the one that has numerous backup plans to reduce probability to the minimal.
Following XTZ for the past few days we have 4 different pattern in place the up trendline which failed along the line, the Wolfe pattern which was truncated, the ascending triangle which as well failed (got me remembering the old time rule which says never risk more that 2% of your portfolio on triangles), and finally, the rectangle pattern!.
Now its heading towards resistance of the rectangle. if price closes above the rectangle with volume then go long else, watchout it could still go back to it origin.
XTXUSDTDISCLAIMER:
This is not financial advice! This is an opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing.
everyone should buy and sell according to their own strategy.
Everything you need to know is outlined in the chart and keep in mind that we are moving forward with probabilities and the analysis may be wrong so take capital management seriously.
XTZ/USDTHi friends
This good Tezos has kept its upward trend line in its weekly time frame.
And now it is on the support area in daily time.
It has the potential to grow to the purple lines marked on the chart.
I try to post often so if you could follow and like it would mean a lot to me, and I'm happy for you to comment.
XTZ succesful retestTezos retested the Monthly 2.85 support and is now going for the 3.6 4h resistance
I think we will see some short term uptrend for about a 10% move and we'll see how it reacts to the resistance
Im only trading breakouts at the moment so I'd be interested in seeing it break above the lightblue resistance I drew
let me know what you think about this ↓
leave a like if you enjoyed my TA
XTZ - Tezos ANALYSISTezos (XTZ) on 4 hour timeframe formed a Wolfe pattern and it is heading towards it first target of $3.22.
The RSI indicator is also forming a divergence which supports it bullishness.
The support trendline is good for building buy/long position a stop loss below it is advised but not tight to avoid being chased out of the momentum.
XTZUSDT!! Longterm Bullish XTZ/USDT!
Current Price: 3.135
Day Chart Pattern: Falling Channel
Weekly Trend: Ascending Triangle
Possible trend: Short Term Retracement
Pull back to establish Reversal Divergence
Possible trend: Long Term Bullish
Divergence: Reversal Divergence on Daily Chart
Possible Entry: 2.7 - 2.9
Resistance: 4.1
Long term Targets and Resistance
1. 5.4
2. 7.1
BLUE SKY BREAKOUT Possible Targets
3. 9.0
4. 15.7
5. 25.4 May Never Happen
6. 40.2 May Never Happen
Stop Loss: Base on a Daily Candle Close.
Support 1: 2.7
Support 2: 1.9
Support 3: 1.5
Please remember to DYOR and this is not financial or investment advice. It's my targets for the market at this moment. Please let me know what you think of my technical analysis and thank you.
#XTZUSDT Ready for 250% Rally. Trade Setup Here.
Welcome to this Trade Setup on XTZ.
If you are reading my updates for the first time, make sure you follow me if you want the most complex charts
Explained in the most simplified manner.
I also post margin and futures trade setups.
Now, let’s get to the chart.
XTZ is currently trading at around $3.40.
As per fractals, every time XTZ hits the lower support trendline we have seen 8 to 12 weeks of the bullish rally in XTZ.
Besides, it's trading above the important MAs and multiple indicators are showing signs of bullishness.
So this will be my trade plan:-
ENTRY:- Accumulate between $2.5 to $3.4 (On spot)
For leverage :- $2.82 to $3.27
TARGETS:-
$4.67
$5.33
$6.82
$7.21
$8.55
$9.76
Stop Loss:- $2.39
The chart looks promising and can pump almost 250% in 2 to 3 months.
Just keep in mind if you are planning to trade with leverage, make sure you enter on the correction.
Please do your own research before taking this trade.
This is not financial advice.
Also, let me know What you think of this trade?
Do share your views in the comment section and do not forget to hit the like button.
Thank you
#PEACE
Tezos XTZ The DirectionSolid Project to get into this drop of the market. Has potential long term ( as you can see I didn't use the Log chart).
It hit it's long term support line, might have another bounce.
I got into 3$ with a target of 4.05$ as a rebound.
Also can drop to 2.75$ or even lower, where I will buy more : 2.50$ - 2$
If BTC moves again higher than 46.5k till 49k, might see higher TP for XTZ.
Have a nice day )
Tezos Joins the Metaverse Race. How Does it Compare to Others?Tz1and, a metaverse project based on the Tezos ecosystem (XTZ) has been slowly gaining some traction lately. Is it an early stage project worth investing in? A look at how it stacks up against the other major metaverse platforms out there.
Project - World Explorer? / Decentralized? / Selling Points
tz1and - Yes / Yes / Support of artist communities and indie creatives
Decentraland - Yes / Yes / Most support from business and corporate organizations
Sandbox - No / No / Celebrity attention and media hype, strong financial performance in 2021
Monaverse - No / No / Professionally designed and curated metaverse projects
Cryptovoxels - Yes / No / Runs on mobile, one of the oldest metaverse projects out there
As mentioned before, the metaverse and Web3 projects are all still in its early stages so anything could happen. But it's good to know what's been happening, either way.
www.tz1and.com
TEZOS on TrendLinesGiven our long-term uptrend line, we expect price support again. This area is a good place to enter if this area is well supported and trend lines are not broken. If this range is not maintained and the support of the trend line is lost, we will see more decline. We specified the next moves in the chart according to the trend line scenarios.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark