Tezos has been consolidating around all time high (relatively speaking for crypto) in this cup and handle formation and it appears that the handle has taken the form of a falling wedge. This wedge is performing on the lower time frames and I suspect we will see the formation perform over the next couple of weeks.
The most common stall target for...
Today, Tezos price analysis is negative since lower highs were established despite the $6.7 support level remaining intact. As a result, XTZ/USD will most likely continue to decline and establish another lower low. In this case, XTZ/USD will test the $6 support level again.
The daily candle closed below the 10EMA which means the uptrend preparing to take place in...
Tezos tested an important dynamic support level, and looks to retest 8.30 levels once more.
Currently the uptrend is blocked by a local dynamic resistance, waiting for a breakout at levels near 6.7.
XTZ is a interesting coin to invest right now. After two invalidation at the 6.36$ area, we can see a bullish pattern in the daily chart. The coin can easily breakout the 7$ resistance and go full moon. The OBV is also showing a nice comeback, which is also bullish. Whats your thoughts on XTZ? Comment, like and follow.
XTZ is on a good bullish trend in daily Chart channel looks valid with several touches and also PerBTC is on support, on the other hand in 4H we have just broked and confirmed a falling wedge on fundamental side XTZ is undervalued asf and do your own research
Tezos is continuing to move upwards within the ascending channel even though we have seen some decent downside recently, we are still comfortably in the channel and have some strong supports still that are likely to hold us up, we are currently sitting directly on support coming from a little bit ago and then we also have right below us a nice uptrend support...
XTZUSDT reached a new ATH at 9.171, and was fall sharply to 7.2.
Look at the XTZBTC chart you will see a 3-year trend line play as a resistance which stopped XTZ from going higher.
I can't tell you when XTZ will break this line. But this pattern reminds me of Bitcoin price action back in late July 2020:
Hello my friends, the price was pumped after successfully breaking the neckline's CUP pattern and now I expect 260% growth. So consider and monitoring to buy at pullback and any correction is a buying opportunity IF the price does not lose the neckline support. Good luck.
If its useful please like it as a support and follow me for next analysis :)
Of course I won’t be taking this pattern seriously until I see a clear break above the rim line and then witness the rim line get retested as solidified support. Until then a variety of things could occur to invalidate the pattern. As of right now however it is looking pretty promising and worth keeping an eye on. Until then I will remain neutral.
The analysis includes multiple methods of technical analysis to produce a map.
The labels for the chart and what the chart says are on the chart itself, more information about how to create a chart like this will come with updates to this idea.
A quick rundown of what I do use are:
Trend Line to extend from two lowest structure closes.
Horizontal Ray tool...
In the current market conditions when BTC is in the price discovery mode buying alts can be a bit premature, however, I think that @cousincrypt0 could be right tweeting that we might never see BTC dominance at the levels of 2016 or 2018 again. After BTC had hit the bottom at 29k some of the altcoins like $Sol , $EGLD , $XTZ and others went for ATH showing...
XTZUSD - Intraday - We look to Buy a break of 7.502 (stop at 7.277)
Pivot resistance is at 7.500.
Price action has continued to range within a triangle formation.
Daily signals are mildly bullish.
Our profit targets will be 8.141 and 8.341
Resistance: 7.500 / 8.000 / 8.500
Support: 7.200 / 7.000 / 6.600
XTZ has good support at 6.5$ zone and it could move towards 8.5$, 10.5$ and 13$ zones in next days. But if it loses this 6.5$ zone, it will fall sharply to 5.5$ and 4.5$ zones
♻️Condition : If 1-Day closes ABOVE 6.5$ zone
🔴Buy : 6.5
🔴Sell : 8.5 - 10.5 - 13
♻️Condition : If 1-Day closes BELOW 6.5$ zone
🔵Sell : 6.5
🔵Buy : 5.5 -...
Over 2.5 months ago, I made a long-term analysis on XTZ and the bullish channel it has been trading in since it's inception.
It appears that investors were watching the exact same channel. Since the price touched the upper resistance of the channel, XTZ has seen a bearish...