Over the course of the Tezos life span, It has been forming a massive Ascending triangle. A series of higher lows has developed starting from the genesis candle.
I would pay close attention to this formation. If XTZ is able to break upwards resistance, it may search for Higher Highs.
Of course, this is a probabilistic set-up. DYOR.
Tezos has seen a significant increase in volume after the news that Kraken was going to allow full staking services. Now, Coinbase, Kraken, & Binance have announced full staking services for Tezos. With a 7% annual ROI for staking, Tezos is being positioned to be a high-interest savings account for its holders/stakers.
As I have noted in the past, I see this...
Hello my friends! Yes, it’s time for an XTZ analysis! Finally, it is doing something interesting worth of talking about, because it was starting to get boring. As a trader, I keep distance when an asset does some weird movement, and I only feel attracted when it does something good again. Let’s see what we have here.
Well, Tezos lost its strength for a few days –...
It's been a long time since we last looked at the major altcoins index. You know very well that we have some new entrants there, however, you know the volatility of the cryptocurrency market, so I will keep XBT and EOS in and CRO and ADA out for the time being, mainly given the fact the total difference is approximately $2 billion. So, for now, the index...
2 weeks ago we projected a potential 14% drop for Tezos. That exact target was reached 14 days later.
As of today, momentum is still negative although price may establish support at this level.
XTZUSD will need to climb 9% to get back above the downward trendline to show positive...
Have we not been calling for big moves in Link and Tezos? my two largest holdings by far. Tezos has been building a perfect support and is currently testing its legs and buyer demand. Volume has been incredible in some areas and there have been huge buys on Binance specifically when looking at the Bitcoin pairing. We have a fresh set of oscillators on the major...
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XTZUSD 4D: BEST level BUY/HOLD for 100% gains (SL/TP)(NEW)...
Xtz has been slowly bleeding out and correcting. It is still completely fine even if the short term is down trend. The mid and LONG term are still pointed up and our long term targets are still in place. What and why is going on with Tezos you might ask or might see many asking? Well for one it i not just Tezos. It IS THE ENTIRE MARKET. The biggest issue right now...
A few days ago i posted this chart:
Tezos shows a very scare picture here. My guess parabolic already broke and just retested, so could mean a big dump coming week or so. break of 2.7ish would be bad, break of 2.55 (that blue flag zone), even worse.
The only way they can prevent a big drop, is going sideways above like 2.6 for a few days. or break 3.0ish
Pretty simple setup here for a possible long. Tezos sitting right at its 200 day MA and clear bullish divergence. Also a nice double bottom has formed signaling the downtrend and consolidation period may be winding down, with upward moves to come. First target $2.43 followed by $2.60.
The crypto market is following the stock market lock step. While the stock market as a whole is lagging, tech companies are propping up the market and have returned to their highs. Case in point with XTZ, while BTC has returned to it's pre-crash level, XTZ has not. It's trend has lagged and it's now forming this head and shoulders pattern. The only thing saving it...