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Tezos

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.
Long
by Bitcoin_Analyzer
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.
Long
by Quanthop
ETH's "Merge" Coming Sep 19th - The Good, The Bad, The UglySo if you've been paying attention to crypto stuff for a while, you probably heard that Ethereum's big "merge" is coming on Sep 19th. They've been talking about it for a while but there's now at least a definite date. (And they're pretty good at making deadlines once they commit to a date, to be fair.) The switch from proof-of-work to proof-of-stake should be an improvement to most things for the most part, but there's a few things people should know: - The coin is set to become a deflationary asset, out-scarcity-tizing (is that a word?) the coin it's trying to beat, Bitcoin. This should, in theory, be good for current ETH/ETH2 holders but even according to the team this is something that'll happen over time, not right away. (I think this argument is a strategic one, personally - more explanations later.) - The merge won't solve ETH's scaling problems - the "sharding" improvements are planned to come later, the earliest mid-2023. The idea was for ETH to "burn" its existing supply in order to keep gas fees down but we don't know if this is going to work in practice. - The merge will effectively put all ETH miners out of a job, and many of them will forced to move over into other chains since mining will no longer be profitable on ETH2 as the "difficulty bomb" sets in. If you've noticed ETC going up a lot recently, keep in mind that that project has already been hacked 3+ times at the protocol level and can't be considered legitimate. (The fact that it somehow stays alive is still bizarre to me tbh.) I've been with ETH since 2014 so I've seen a lot of changes happen within the ecosystem over the years - but the community has definitely changed a lot since the NFT craze of last year - with more money comes more attention, and with that, more noise as well. Since there's not much happening on the chain these days most talks online has become more about beating Bitcoin rather than about product/technical achievements. Mid-term, I think ETH will do well financially since that seems to be its primary focus right now. All those big names that got in earlier this year probably are gonna do whatever it takes to make that happen. It's the development and cultural sides long-term that has me concerned since I feel like the more the BTC and ETH folks argue with each other they more they start to sound alike. I made a big leap from ETH to Tezos this year, after doing a lot of research on my end. Folks probably remember me shilling for Ethereum for a long time so the decision wasn't easy, but I felt it was necessary, at least for the things I'm interested in. - Tezos has been proof-of-stake since the very beginning of its launch and it has had time to refine its processes. Technologically, the Tezos stacks is far superior right now and ETH is going to have trouble keeping up, imo.) - The high gas fees basically made a lot of apps built on top of ETH useless and many devs/artists have already fled the scene. I'm skeptical if they're going to come back, even if they manage to fix the issues on the back end. Loss of trust doesn't come back easy. XTZ saw a big leap in chain activity last month while most other chains were still on the decline. - I think that the decision to not give ETH2 stakers a definite date of when they can withdraw their funds (probably the most annoying thing about the project right now especially since you literally can't do anything with ETH2 tokens atm) is probably unhealthy. This holding pattern allows for the project to manipulate economic outcomes artificially (acting as a quasi-government) at the cost of market legibility - which could make the asset more unpredictable long-term. - ETH still doesn't have on-chain governance and as far as I'm aware, has no plans to. You're basically trusting that the projects on top of it are doing things in good faith. Tezos, on the other hand, has voting and governance mechanisms baked in. (This is probably the biggest divergence between the two projects right now, imo.) - With Tezos I can get reliable staking rewards without having to have it locked up for an indefinite period of time, which seems like a much more reasonable deal to me, honestly. And I can actually use the coins for buying things I got caught up in things too, trust me - but as the world heads into a global recession (possibly a depression), everyone's probably going to have to tighten up what and where their money is going. The most obvious thing right now is interest rates - which proof-of-stake coins are well-positioned to take advantage of since the banks are still dragging their feet in regards to what it's offering to people in savings. Bitcoin is probably screwed, ETH is a (?), Tezos and other high-quality chains will probably do well. That's my hunch, anyway. I don't expect everyone to agree, but this is what my gut is telling me right now.
Long
by RyanTanaka
ETH's "Merge" Coming Sep 19th - The Good, The Bad, The UglySo if you've been paying attention to crypto stuff for a while, you probably heard that Ethereum's big "merge" is coming on Sep 19th. They've been talking about it for a while but there's now at least a definite date. (And they're pretty good at making deadlines once they commit to a date, to be fair.) The switch from proof-of-work to proof-of-stake should be an improvement to most things for the most part, but there's a few things people should know: - The coin is set to become a deflationary asset, out-scarcity-tizing (is that a word?) the coin it's trying to beat, Bitcoin. This should, in theory, be good for current ETH/ETH2 holders but even according to the team this is something that'll happen over time, not right away. (I think this argument is a strategic one, personally - more explanations later.) - The merge won't solve ETH's scaling problems - the "sharding" improvements are planned to come later, the earliest mid-2023. The idea was for ETH to "burn" its existing supply in order to keep gas fees down but we don't know if this is going to work in practice. - The merge will effectively put all ETH miners out of a job, and many of them will forced to move over into other chains since mining will no longer be profitable on ETH2 as the "difficulty bomb" sets in. If you've noticed ETC going up a lot recently, keep in mind that that project has already been hacked 3+ times at the protocol level and can't be considered legitimate. (The fact that it somehow stays alive is still bizarre to me tbh.) I've been with ETH since 2014 so I've seen a lot of changes happen within the ecosystem over the years - but the community has definitely changed a lot since the NFT craze of last year - with more money comes more attention, and with that, more noise as well. Since there's not much happening on the chain these days most talks online has become more about beating Bitcoin rather than about product/technical achievements. Mid-term, I think ETH will do well financially since that seems to be its primary focus right now. All those big names that got in earlier this year probably are gonna do whatever it takes to make that happen. It's the development and cultural sides long-term that has me concerned since I feel like the more the BTC and ETH folks argue with each other they more they start to sound alike. I made a big leap from ETH to Tezos this year, after doing a lot of research on my end. Folks probably remember me shilling for Ethereum for a long time so the decision wasn't easy, but I felt it was necessary, at least for the things I'm interested in. - Tezos has been proof-of-stake since the very beginning of its launch and it has had time to refine its processes. Technologically, the Tezos stacks is far superior right now and ETH is going to have trouble keeping up, imo.) - The high gas fees basically made a lot of apps built on top of ETH useless and many devs/artists have already fled the scene. I'm skeptical if they're going to come back, even if they manage to fix the issues on the back end. Loss of trust doesn't come back easy. XTZ saw a big leap in chain activity last month while most other chains were still on the decline. - I think that the decision to not give ETH2 stakers a definite date of when they can withdraw their funds (probably the most annoying thing about the project right now especially since you literally can't do anything with ETH2 tokens atm) is probably unhealthy. This holding pattern allows for the project to manipulate economic outcomes artificially (acting as a quasi-government) at the cost of market legibility - which could make the asset more unpredictable long-term. - ETH still doesn't have on-chain governance and as far as I'm aware, has no plans to. You're basically trusting that the projects on top of it are doing things in good faith. Tezos, on the other hand, has voting and governance mechanisms baked in. (This is probably the biggest divergence between the two projects right now, imo.) - With Tezos I can get reliable staking rewards without having to have it locked up for an indefinite period of time, which seems like a much more reasonable deal to me, honestly. And I can actually use the coins for buying things I got caught up in things too, trust me - but as the world heads into a global recession (possibly a depression), everyone's probably going to have to tighten up what and where their money is going. The most obvious thing right now is interest rates - which proof-of-stake coins are well-positioned to take advantage of since the banks are still dragging their feet in regards to what it's offering to people in savings. Bitcoin is probably screwed, ETH is a (?), Tezos and other high-quality chains will probably do well. That's my hunch, anyway. I don't expect everyone to agree, but this is what my gut is telling me right now.
Long
by RyanTanaka
XTZUSDTHello my dear friends In the time frame of 30 minutes, a compact movement has been formed. The Ichi Moko indicator has a negative lag! The price trend has reached an important range and it seems that with this momentum, breaking the downward channel from here is not very possible. If the price moves below the $1.65 range, it is likely to react by reaching the blue range. But the yellow range ($1,464) is more important in my opinion! Of course, part of the range's validity depends on the momentum of the corrective movement. It should be seen that the price will come out of compression from the bottom side or the long-term downward channel will break upwards!!!
Short
by FiboTech
Do you consider this chart bullish?Triangles are continuation patterns but ascending triangles acts very very often as reversal patterns. I've been eyen XTZ for days now but considering on how the daily it's shaping up I'm not sure I should long this so I'm waiting. Even because BTC is losing momentum and this relief really might be over as well. I bumped in many other patterns similar to this such as SAND and ENJ but at lower timeframes which might have effects on the daily (4h) they all have RSI in oversold zone so I'm very undecided. I think I'd pick ENJ if I had to choose one right now. In general SAND and ENJ present a rise in volume at the the possible breakout while XTZ misses that. This is a genuine question, what do you think people?
by Shotokhan
3
XTZUSDT Attemtping to break the 1D MA50*** *** For this particular analysis on TEZOS we are using the XTZUSDT symbol on the Phemex exchange. *** *** The idea is on the 1D time-frame where Tezos is shown trading within a Channel Down on the log scale. It has been trading below the 1D MA50 (blue trend-line) since April 07 with only one very short exception (June 09/10). The Lower Low of June 18 initiated a rebound that has now yet again made contact with the 1D MA50. On a side note, that was our (achieved) target on our last Tezos trade in May: We've seen that even a break doesn't constitute a bullish signal. Also the bullish divergence on the 1D RSI (Higher Lows) has failed in the past. We may see a 1D MA100 (green trend-line) test if the MA50 breaks but still, the best buy (on the long-term) can be made if the price breaks above the 1D MA200 (orange trend-line). See how the Fibonacci levels have acted as Support/ Resistance levels since the October 2021 High. A 1D MA50 rejection targets the -0.236 extension (0.9368) while on the other hand a 1D MA200 break, sets in motion the filling of the retracement levels. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot
2
Bear Market = Altcoin Season? BTC and ETH Losing Ground to AltsBoth stocks and crypto markets have been down in most of 2022 (largely due to inflation, rising interest rates, and talks of an upcoming global recession), but in the last month we've seen a few interesting patterns emerge: - Proof-of-Storage coins, particularly Chia Coin (XCH) and STORJ (STORJ) have seen very favorable gains. - The two major crypto coins, Bitcoin and Ethereum, has actually been performing worse than the majority of "altcoins" out there - a sign that crypto investors are reallocating their portfolios towards alts. - Weekends are usually when crypto investors typically make their move - and we see that coins that offer staking rewards (interest rates start to look more favorable during recessionary periods) have been gaining ground. (XTZ +4.5%, ATOM +4.5%, MATIC +3%) This is a PSA but beware of newly minted coins' "staking rewards" because a lot of them are based on the idea of certain assets (BTC, ETH, even fiat) always going up. When that inflow dries up, we're going to see a lot of services and platforms go through a LUNA-style collapse - if you don't DYOR carefully here, you may get caught up in the storm. Many coins that currently offer "staking rewards" have cut a lot of corners to keep up with last year's hype and is living on borrowed time. cobie.substack.com In theory, Layer-2 coins built on top of the EVM network operate independently of ETH's price, but we don't actually know all the details of what goes on behind the scenes - some of them may collapse just as well if their model has been reliant on speculative gains on ETH itself. (Something that the project teams will never admit to, even if true.) Time will tell whether it turns out this way or not, of if the Merge in August will stabilize or destabilize these economies as a whole. A lot of uncertainty in the big-name coins right now, either way - meanwhile, altcoins have been gradually chipping away at their lead.
Long
by RyanTanaka
Tezos Long-Term Support Activated (Over 150% October '21 High)The long-term support for Tezos vs Bitcoin (XTZBTC) has been activated. This support level was hit back in January 2021 and was followed by a 235%+ bullish wave. This same support level was briefly breached in May 2022, 1.5 years of bear market correction, which signals that a trend change is very likely and soon to come. Because this long-term level has been activated and now Tezos is rising You can see the similarities marked above on the chart. Don't worry about the short-term price fluctuactions... Do not stress about the small details... Just buy and hold. If you wait 3, 5, or 8 months... You will be doing really good because the market is hitting bottom... Aftter we hit bottom, the only place left to go is UP! Namaste.
Long
by MasterAnanda
3
NFTs Are Here to Stay: Proof-of-Storage Makes its MoveBack from NFTNYC 2022 (was showcasing and promoting our new company there) and the biggest takeaway from the conference was the NFTs are here to stay, despite the downturn in the markets right now. But during this period of market consolidation there have been a few "spikes" among select alt-coins as people start to tighten up their wallets and look for projects that have more utility over hype. The last few weeks have been very good for projects associated with decentralized storage systems, which includes STORJ and XCH (Chia Coin), which has basically outperformed every other crypto asset out there. (50%+ in the last few weeks.) These are the "signs of life" investors often look for to see if a project has "resilience" against the typical waves of ups and downs. Proof-of-storage projects have potential large upsides - especially in the long-term - because while betting on which NFT project is going to "moon" can be extremely risky, it's a "sell pickaxes, not gold" situation where you can potentially profit off of regardless of which NFT collection themselves do well. Especially with security vulnerabilities starting to emerge as people realize that many NFT collections (including big-name platforms like OpenSea) are not actually decentralized and may be vulnerable to hacking or company bankruptcy. In the past the question was - "are people going to care enough to protect these .jpgs in the proper way?" It seems like the answer to that is yes, and projects that already have solutions to said problems are likely to do well, long-term.
COINBASE:STORJUSDLong
by RyanTanaka
No more Dogecoin, Shiba Inu and Tezos rewards says Crypto.com Crypto.com made significant changes to Crypto Earn, the product that allows users to stake their assets and earn rewards in exchange. Shiba-Inu-themed meme coins and several other cryptocurrencies were pulled out of the program and FTM, ZIL, and NEAR were added. Crypto.com, the leading cryptocurrency exchange, announced a revamp of its staking rewards program Crypto Earn. Effective June 27, 2022, 10:00 UTC, the exchange announced the removal of Dogecoin, Shiba Inu, and thirteen other tokens from its program.
BINANCE:DOGEUSD
by popmoebugo1977
#Tezos Resistance at $1.54, XTZ Prices in a Bear Flag FormationPast Performance of Tezos Tezos prices are trailing the USDT after a relief rally. At spot rates, the coin remains within a bear breakout formation, sliding six percent in the last trading week. In the immediate term, the primary support and resistance levels lie at $1.22 and $1.54, respectively. #Tezos Technical Analysis From the daily chart, sellers are in a commanding position. XTZ prices are tracking lower in a descending channel within a bear flag. With sellers unwinding gains, traders can wait to trade the breakout in either direction. Preferably, the surge in either direction can be with rising trading volumes. A close below $1.22 will nullify the bullish outlook, confirming sellers of June 13. In that case, XTZ may slide to $1.20 and even $1.10 in the medium term. Conversely, gains above $1.54 may see Tezos bulls drive prices towards May 2022 lows at $1.64. What to Expect from #XTZ? Buyers are confident, but bulls are struggling to tame the wave of recent liquidation. While recent gains may slow the sell-off, a break above $1.54 is required to restore traders’ confidence. Resistance level to watch out for: $1.54 Support level to watch out for: $1.22 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Tezos Analysis + The Next Altcoins Bull Market Strategy)Welcome again, it is my pleasure to have your attention. We are going to be looking at Tezos vs Bitcoin (XTZBTC) from a different perspective today. Let's start with the daily chart: - The first thing to notice is that the chart is bullish. This is important because Bitcoin is right now hitting new lows with very bad technicals, while this and other Altcoins vs Bitcoin pairs we trade are starting to grow. - We have a bullish chart with green volume increasing massively in the last few weeks (strong buying). - We have higher lows since early May. - We have a strong RSI and bullish MACD. As you can see, XTZBTC is now bullish... It can drop of course or change; the charts can always change... But this is what we currently have. Long-term we aim UP! WARNING: If you see a strong flash crash hit all the Altcoins, remain calm... They will recover. When Bitcoin does its final shakeout, everything will shake. Right now is not the time to look for an exit or to sell. Right now we look for opportunities to buy for the next bullish wave. The selling time is long gone... It is time to see back, watch, buy and wait. Namaste.
XLong
by MasterAnanda
5
The Battle for Interest Rates: Tezos (XTZ) vs Ethereum (ETH2)Been writing a few long articles lately but the tl;dr of it is that now that interest rates are going up, the asset speculation market (real estate, stocks, venture capital, crypto/NFTs) is largely over and money will start to flow into financial products that provide more "reliable" returns - mainly interest rates. Given that the banks are dragging its feet in terms of giving people interest in their savings accounts, coins that offer reliable staking rewards will probably start to gain more attention as time goes on. I've been promoting the coin Tezos quite a bit lately since it's the coin that I feel like has the biggest long-term promise. They currently offer: 1) staking rewards (4.63% on Coinbase but higher if you stake them yourself) 2) on-chain governance (which most don't have, including Bitcoin and Ethereum) 3) people building/minting lots of things on top of it all the time, despite the dips in the market right now You probably remember me stanning for ETH since that's how I got my first successes is crypto, but to be honest they may be in trouble longer term if they don't do their merge sooner than later - gas fees are one thing but their decision to stick to off-chain governance models (basically trusting its users to make decisions behind closed doors) has been causing major issues in some projects, especially in DAOs. (Look up Brantley and ENS for an example of what happens with coin-based voting systems.) Whether I give up on ETH completely (I did sell off a pretty big chunk of it recently) will largely depend on how the Consensys merge goes this August and if they move towards or away from the ideals that they're advocating for all the time. They have a lot of catching up to do because #XTZ right now has all of the things they like to talk about already running. For the average person out there, what they're going to see is banks and crypto competing against each other in something that more people can understand: interest rates. Right now crypto is winning since they have the capacity to offer people better rates than the banks are - and can definitely win if they play their cards right. NFTs are still confusing for most people but one number being higher than another number is something that almost anyone can understand. You might even argue that this is the first time crypto is competing against the banks in a very direct way. The markets might look scary right now but once it settles down we'll start to see new patterns emerge with new ideas and products taking the scene.
COINBASE:ETHUSDLong
by RyanTanaka
2