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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...
as soon as man u signed the deal with XTZ, the value has since dropped over 80%. laughable club laughable partnership. the American owners are surly only out for a paycheck at the end of the day, part of me thinks they enjoy running this club into the ground.
The idea of "smart investing" comes with the assumption that the market rewards reason and punishes irrationality in the long-term. What they don't tell you, though, is that the opposite is often true in the short-term. If you want to make money, more often than not you do have to have the discipline to move contrary to what most are doing.
It's been almost a...
XTZUSD (Daily Timeframe)
The market is in a downtrend, and we are waiting for an entry signal to go SHORT below the 0.911 support level. Only the upward break of 1.041 would cancel the bearish scenario.
Stop loss: 1.041
Take profit 1: 0.831
Take profit 2: 0.701
Strategy: Bearish breakout
Much like the algo chart, tezos has formed an inverse head in shoulders inside a slightly bigger inverse head and shoulders and now has 2 necklines which means 2 breakout targets. Still developing for now but it appears the it is confirming the first pink neckline as support here. *not financial advice*
XTZUSD is forming the bear flag .
It doesn´t look like xtz formed the bottom like other altcoins did therefore we expect the bear flag to break down.
- price in a distribution mode
- wait for a break down to enter the trade
- target: 1 $
Deflationary assets - aka artificial scarcity - is a product of the mediocre mind. Exponential growth and real social progress comes from the idea of "growing the pie". It's weird how people don't use that phrase anymore since it has become such a foreign concept at this point.
Bitcoin (and now Ethereum), NFTs, real-estate (both IRL and the metaverse),...
We are currently in a bear market, this is the time to buy and HOLD, especially POS coins, Tezos is no exception. Start selling some of rewards once we gain traction again and use those rewards to either gain greater position in the market, or to spend for personal use. Sell rewards 100% once we are fully back into the bull market, which will hopefully happen...
We are at risk of repeating May's drop in Tezos.
Leading up to May there was bearish divergence. Thankfully that drop didn't hit it's predicted move!
I'm hoping this scenario doesn't play out but I think everyone should be aware that it's a possibility.