Tezos
🔥 XTZ Triangle Pattern: Consolidation AheadSince earlier in September, XTZ has been trading inside a consolidation pattern. At the moment, a clear triangle pattern can be drawn from connecting the most recent tops and bottoms.
As far as I'm concerned, XTZ has more room to fall. I'm expecting a strong reversal from the bottom of the triangle, targeting the top of the triangle.
Happy trading!
$XTZUSD - Wave analysisHello everyone!
Head and shoulders pattern is complete on XTZUSD and starting from here, Tezos should retrace a bit.
The first target we are watching here is 6.69
XTZ perfect cup and handle formingGood Afternoon Traders,
Crypto Centric here. Is anyone one else watching the XTZ (Tezos) daily chart. There is what looks to be a beautiful cup and handle pattern forming. Now we need to clear the green zone between $7-$8 roughly and then back test it to confirm a breakout. But this is something I will be watching closely.
This analysis is not financial advise and is for educational purposes only as I am not a financial advisor.
XTZ/USD - Massive strength in Tezos price action! Bullish.China FUD, market dumps -10%... Tezos? It pumps 20%.
This is a show of strength and I don't think Tezos will stop until it reaches the true test at around $9. There are a lot of converging lines around that area, including a Fib 78% extension.
I'd be surprised if Tezos can break that. See my macro view on Tezos (linked below), this line is our resistance since forever. So best to secure profits once we get there.
For now bias is very bullish and I see Tezon pumping higher, China can't stop this or anything. I am not sure what is pushing price higher and higher... but it's working. :)
Volume is up on this move higher too... another show of strength for this.
Not much else to add, enjoy the pumps.
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XTZUSD - LOOKING BULLISH ABOVE $6.00Hey guys. Here is an IDEA for XTZUSD(T). Indicators and volume show XTZ looking bullish... A goog buy area would be around the $6.00 area.
Note that it is possible to see a wick below the $6.00 area so don't set stop loss too high!
However knowing when to EXIT a trade that is not going in your favor is very valuable! In this case we have a potential Head & Shoulders forming If XTZ breaks down a bit below the $6.00 area and this is would bring some nasty downside targets near the $2.00 area. I DO THINK THIS SCENARIO IS HIGHLY UNLIKELY but it is important to be aware of!
I do expect price action to move in correlation with BTC here as usual but if support is strong at $6.00 and BTC moves upward there is some good potential gains here. First, about 13% at the "weak resistance" and if XTZ tests the major resistance area we're looking at a NICE 25-30% GAIN!
I will re-evaluate as the situation makes major changes so follow me for updates and also check out my Twitter (link below)
(Disclaimer: I am not a financial advisor and it is important to do your own risk assessments prior to investing or trading anything. This IDEA is based off of my experience with Technical Analysis and depends on many variables)
Tezos XTZ mid-term +100% potentialCOINBASE:XTZUSD BINANCE:XTZUSDT
Tezos (XTZUSDT) is printing a classic Livermore's pattern (again, last time failed). It has shown strong momentum this month. Now it's moving to the upward band of log channel (see another idea).
Important checkpoint (major resistance): 8.0 USDT (September high), 8.4 USDT (ATH and completion of daily cup & handle pattern).
After new ATH, we are likely to see its price discovery following ATOM and AVAX.
XTZ potential for 3 digits after years of accumulationTezos XTZ has been in accumulation mode for nearly 3 years since launch. From a bull market perspective, it never really pumped. Its volatility was very tiny compared to many other ALTs in this cycle. The only explanation is that XTZ's run is yet to come.
The price was restrained in a logarithmic channel for 2 years. This is quite common for an ALT before it starts a parabolic move, like BNB.
First it will break the previous all-time high of 8.4 USD, then challenge the upper band of channel (10.5-12 USD). In the final hype it may have another 3-5x in several weeks.
The volume is picking up recently. Its fundamentals are growing solid. And perfect Cup&handle and H$S patterns and are about to be completed. Two engulfing bullish candle say it's the time.
Tezos clings to life supportWhat do you know, Tezos almost made a new ATH and proceeds to dump 40% over the following week. To say long term holders and the community is dejected is an understatement. This coin has been nothing short of a series of gut punches to its biggest supporters. Right when you get most excited, it reaches in and rips your soul.
Until Tezos proves me wrong I'm convinced this thing will never bring long term holders wealth. No matter how positive the news, the asset cannot ever sustain itself. A tragedy because this really seems like a promising project and the news outside of price action couldn't be more positive.
If September closes red it's going to get dark. By dark I mean we're probably in trouble If it closes in "hell" well, you know what that means. Purgatory would be a win at this point and unfortunately it looks highly probable that this thing will dump for the remainder of the month. Heaven... well it ain't happening any time soon.
Bottom line... Tezos must reverse course now or it's probably over for good.
Tezos cup and handleA lot of moonboys out there on twitter guaranteeing ATH and/or $10 by the end of the week. Hate to break it to you, it's not going to happen. But the good news is if this cup and handle formation comes to fruition we will likely close September above $9, which would be insanely bullish.
XTZ - Potential Cup & HandleTezos, which is bullish as hell in my book, has some great news recently and is funded by a couple large institutions for providing on chain products.
Gavin Wood has stated Tezos is the ONLY blockchain with the technology of the future (Web Assembly), while we are using current tech now, Tezos is way ahead of any competition on this front.
TA: cup and handle formation develops, we may have just hit the height of the lid, we should watch for a retrace here. The lid could extend higher before the retrace, but its a good time to start watching. I marked a couple buyin areas for XTZ. This could easily take XTZ to $14
This one is one of my top Alts for profit prospects. DOT, LINK, EGLD are currently my top ones. With the Parachains coming out for Dot, it is EASILY the most profitable coin. the profits from Kusama parachain auctions have been insane!!
Good luck
$XTZUSD - Going to new highsHello everyone!
XTZ is preparing for an uptrend move after a correction.
There is a parallel uptrend channel formed, so following that channel, another high for XTZ is expected at $7.0
XTZ Pushing for Previous High!!?Tezos is really making a name for itself recently with some massive news coming to sight like big NFT projects and huge banking smart contract news are definitely all helping boost XTZ the gaining momentum! We had a huge wick above the R2 resistance and theres a good chance we see that level sooner than later, we are currently sitting right on the top band on the bollinger bands and when we see this happen theres usually big momentum and upswings like we have been seeing! The MACD looks fantastic we are seeing big separation in the MA's with no sign of slowing down and the histogram is only on its 3rd green bar and we are growing significantly each day, we want to see this momentum continue and push us higher and higher. We are also continuing to push upwards in the ascending channel with us currently sitting right at the top facing some resistance, i think there is a good chance we see a nice breakthrough coming up here soon and i would go to say we are likely bound to reach that 0 FIB level or 8.4$ USD! Not financial advice just my opinion!
XTZUSD has formed all major buy confirmations.It has been a while since I made an analysis on Tezos. In fact I haven't made one since February 15. However, as you see on the idea below, the main pattern hasn't changed:
That has been a Channel Up since the bottom of the 2018 Bear Cycle. As shown on the chart, the formation has clear Higher Lows (Channel bottoms) as well as Higher Highs (tops) which in some instances exceed the pattern marginally.
Right now Tezos has completed all major buy signals, namely the rebound on the 1D MA50 (blue trend-line), the CCI bottom bounce and the 1D MA50/ MA100 Bullish Cross. As you see every such Bullish Cross was relatively early on each of the previous three (3) rallies to a Higher High, so we may be still early in the uptrend this time also, despite the fact of being near the top of the Channel Up. In fact every Higher High is longer each time after the Bullish Cross takes place.
Drawing up the Fibonacci extensions since the 2018 bottom, the next target for XTZ is the 2.0 Fib extension. However I won't be surprised to see it break marginally to something like $12.00 - $13.00.
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