TEZOS long #IntradayMany coins have this formation, I chose Tezos.
If you look, you can find it on many mid-cap coins.
The price was sideways for 2 weeks, large volumes, the sellers' efforts did not lead to a break-down (bid delta) + false-break + break-up on volume.
Stop behind the volume candlestick from where the movement started for 0.905 (about 3%). Targets on the markup, as the price rises, be sure to reduce the position.
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Tezos
Tezos (XTZ), Descending Trend and Critical Support LevelsXTZ (Tezos) has been experiencing a downward trend over the past few weeks. Following a decrease in demand around the $1.15 range, the price of XTZ failed to maintain itself above this level. As a result, the currency's value continued to decline, indicating a further drop in the daily timeframe and a potential return to the weekly support level.
It is crucial to highlight the significance of the support range between $0.80 and $0.750 for XTZ. This range has played a significant role in supporting the currency's price. In the current scenario, it can be considered as an important level of support.
Notably, the selling pressure for XTZ remains remarkably high, as evidenced by the bearish candles persisting for four consecutive weeks. However, in the 4-hour timeframe, there is a possibility of witnessing signs of a trend reversal upon reaching this support level. If such indications manifest, we can anticipate growth and positive fluctuations in the price of XTZ.
Therefore, it is important for traders and investors to closely monitor XTZ's performance, paying particular attention to any potential changes in the trend and the behavior of the price at the aforementioned support level.
#Tezos Drops 12% From March Highs, XTZ Finds Support At $1.06Past Performance of Tezos
Tezos remains under pressure despite bullish network enhancement. On March 30, bears quickly wiped out gains of March 29, swinging price action back to bearish territory. As it is, XTZ is down 12 percent from March highs and 24% from February highs. Based on the XTZ candlestick arrangement, the coin has support at $1.06 but is within a bullish trend following gains from mid-March.
#Tezos Technical Analysis
Even though Tezos is edging lower at spot rates, the coin is bullish, considering that the better part of Q1 2023 was a net positive for holders. Specifically, XTZ has support at around the 61.8% Fibonacci retracement of the Q1 2023 trade range. The immediate reaction points stand at $1.06 and $0.95. Losses at $1.06 may force even more losses. However, recovery from spot rates, preferably above $1.20, could be the building blocks for the leg up toward March high at $1.26 and later $1.50 if buyers press on.
What to Expect From #XTZ?
Tezos is bullish from a top-down preview. However, the coin has been oscillating from a wide trade range since early February. The first resistance level lies at March 2023 highs. If buyers reject bears, any breakout above this lie may see XTZ add to their gains in a buy trend continuation formation.
Resistance level to watch out for: $1.20
Support level to watch out for: $1.06
Disclaimer: Opinions expressed are not investment advice. Do your research.
XTZUSDTXTZ has strongly broken up the accumulation triangle and the MM200 and is now chasing the upper edge of the Keltner channel at 1.147
Tezos is a layer 1 (L1) independent blockchain, which means that it runs independently. One of the main advantages of Tezos is on-chain governance. This means that the core protocol can be updated through a democratic process, integrated into the blockchain code itself.
On-chain governance allows regular fork-free updates without the need for complex consensus and policy.
After a proposal is injected, voting is done on the chain and anyone who owns XTZ has voting power. After a majority vote, the protocol automatically implements the update without third-party interference.
Follow the support and resistance on the 8H
S: 1,038 / 0,945
R: 1,147 / 1,205
XTZETH - A Closing of Trend Lines Indicates One ThingTaking a look at Tezos and we can see clear trend lines both above and below the current market price - we've had some cracking trades through Crypto Tipster v2 over the last few months and years and this could well be another one!
After a little fakeout on the downside we're now trending back within the historical range with one target to aim for - the top of the trend range!
There's a few areas of resistance that we could be aiming for, but only one of these corresponds with that upper resistive trend line @ 8513.
This represents a very handsome 25% gain through until mid March sometime, we'll be sure to keep you guys updated with this one!
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
XTZ video 2/22 #googlepartnershipweb3 is gaining web2 giants attention. Google partnered with xtz today so this is a catalyst for more upside no pullback on tezos today with the rest of the market broke above a significant orderblock 1.45 may act as resistance for a retest on 1.30 "a good place to enter" after that 1.45 breaks and we could make it all the way to 1.80 before the next retest
XTZUSD Inverse Head and Shoulders going for 1.9000Tezos / XTZUSD has completed an Inverse Head and Shoulders pattern.
Its technical target is a symmetric leg of the distance from the Head to the Neckline. That is +68.66%.
The MA50 1D is supporting since January 12th.
Trading Plan:
1. Buy the pullback to the MA50 1D or if Resistance (1) breaks first.
Targets:
1. 1.9000 (slightly under Resistance 2).
Tips:
1. The RSI 1D Bullish Flag broke upwards, giving more probabilities to continuing the bullish trend.
Please like, follow and comment!!
XTZUSD - Upward Move ExpectationXTZ has formed a nice inverted H&S structure however the right shoulder is yet to form. The right shoulder is a bullish act.
I have shown this bullish move with the white bars pattern
Inverted H&S is a reversal pattern and is good for the bulls.
Daily timeframe
XTZBTC - Ranging in Channel, Moving UpwardTEZOS has been trending top to bottom in this descending channel for a while now, and we've recently tested been rejected by the lower edge once again, back to the top edge we go!
We've got a Buy signal from CTv2 to help confirm the upward move and should be able to lock in a good 15-20% on this one.
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
✴️ Tezos Perfect Prediction | What Comes Next?Here is the chart for Tezos (XTZUSDT) from December 10, 2022, going perfectly as predicted...
Not trying to brag or show off, just sharing this to say, if we can predict the bottom, we can also predict the next wave up.
Brace yourself... Cryptocurrency is about to turn wild, crazy, amazing, profitable and extremely fun.
Namaste.
Mt.BFX | Tezos XTZ Structure Map | $900The 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 to mark off structure highs and lows on the Monthly Timeframe.
Box tool to mark off Monthly and Weekly gaps in price action.
Fibonacci tool using Powers of Two or Binary numbers to plot growth lines originating from two of the lowest close values. This cancels the logarithm out when using a logarithmic chart.
What do the boxes mean?
Red Box - Monthly TF Gap Down
White Box - Monthly TF Gap Up
Orange Box - Weekly TF Gap Down
Blue Box - Weekly TF Gap Up
I predict the price to move away from $8 and break into triple digits over the long term. The price targets are as follows:
$7.30
$14.60
$28.80
$57
$114
$227
$456
$900
With a price at $900 per coin, the Tezos platform would be valued at $798,181,180,200 for the total supply, not that in circulation as of 26th August 2021.
$227 is a conservative estimate valuing the platform at $201 billion.
This is not financial advice.
Tezos XTZUSDT price is at a critical point, where to go next?Here is the whole trading history of the once quite popular pair XTZUSDT
The XTZ price grew skillfully during 2019-2021 from $0.35 to $9
And then a stable downward trend, which has been going on for more than a year
Now the XTZUSD price is at a critical point.
If buyers can gain a foothold above $0.75 , there will be a good chance of working out the blue scenario. In the medium term, it is the growth to the liquidity zone of $1.20-1.80
If sellers do not meet resistance from Tezos buyers, and the XTZUSDT price is confidently fixed below $0.75, then the next purchase zone is not earlier than $0.46-0.56
_____________________
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✳️ Tezos vs Bitcoin Hit Bottom | 45% To 135% Bounce PossibleIf you've been following, you know that altcoins printed a major low/support in May/June/July 2022... This low is being mostly followed by a higher low in Nov./Dec. 2022... This is not the case for Tezos (XTZBTC).
Tezos hit a low in May 2022, before many other altcoins/pairs, and after a long consolidation phase it broke down and went lower, hitting a lower low which make this chart setup much better for those who trade.
A higher low is good, it is a great bullish signal.
A lower low in this type of scenario, at this point in the cryptocurrency market cycle is even better, because all the weak hands have been removed, the sellers are fully exhausted...
So, while the pair that hit higher lows will move ahead, the pairs that hit lower lows like Tezos can actually grow for longer because of less weak hands.
The lower low resulted in a "V" pattern which is a strong recovery signal.
The RSI went oversold but is now leaning toward strong.
Remember, a strong RSI at low levels is a heavy signal, it means that prices growing next are more likely than not.
The targets are marked green, this is true across all charts to make it easier for you.
The support levels are marked blue, always, across all charts as well.
We have 45% easy target to start, followed by a peak of 135%... There can be more but we go step by step.
Namaste.
#Tezos drops 63% in 6 Months, XTZ Bearish Below $0.83Past Performance of Tezos
In the second half of 2022, Tezos lost 63 percent, further heaping pressure on buyers. At spot rates, XTZ is not yet out of the woods, just not yet. Looking at the performance in the daily chart, prices are bouncing from the middle BB, a dynamic resistance line. This development is generally bearish. As it is, buyers must clear $0.83, surging above the liquidation line with expanding trading volumes.
#Tezos Technical Analysis
Sellers are in a commanding position. Based on the events in the daily chart, every bounce higher could be a dead-cat bounce, a bull trap. Therefore, in light of these events, traders can unload XTZ on every high below the middle BB and $0.83 on the higher end. The immediate target will be at $0.70, the December 2022 low. This trend will only change once buyers drive prices above the 20-day moving average and reverse the losses of December 19. As prices pump, there should be a marked expansion in participation levels to mark interest from stakeholders.
What to Expect from #XTZ?
Traders are cautious about loading on dips since the primary trend is bearish. Although XTZ is up roughly seven percent from December lows, there needs to be more work. Traders can look to unload in the short term, expecting more dumps.
Resistance level to watch out for: $0.83
Support level to watch out for: $0.70
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Tezos Drops to Multi-Year Support Line, resistance $0.911Past Performance of Tezos
It has been a tough year for Tezos, considering how price action has been panning out. As an illustration, XTZ prices are down 91 percent from peaks and presently trading at the October 2019 support. Any loss from the spot rate could see the coin tumble to register multi-year lows, cementing bears' grip on the current trend.
#Tezos Technical Analysis
XTZ bears are squarely in control from a top-down analysis. Even though there are flashes of strength, the coin is tethering close to registering new multi-year lows. Oscillating at October 2019 support at $0.76, Tezos bears are in control. However, in the weekly chart, there are hints of rejection of lower prices. The result is a long lower wick, pointing to strength. In the daily chart, there is a bullish bar following the gains of December 20. Still, buyers are yet to reverse the losses of December 19. XTZ is within a bear breakout formation, with December 16 and 19 defining the current trajectory. Aggressive traders can unload on every attempt higher as long as prices are below $0.911. The immediate target lies at $0.75. This preview will be null if XTZ rallies above $0.911 and, ideally, $1.04.
What to Expect from #XTZ?
Tezos bear bars band along the lower BB, indicating strong selling pressure. With sellers in charge from a volume analysis perspective, traders can liquidate as long as prices are inside the December 16 and 19 bear bars.
Resistance level to watch out for: $0.911
Support level to watch out for: $0.75
Disclaimer: Opinions expressed are not investment advice. Do your research.
Tezos Correction -90% From ATH | Will Grow For 2+ Years After...Tezos (XTZUSDT) has done a massive -90% correction from its All-Time-High and so far hit its November 2019 low levels.
Just a bit lower and XTZ will be trading at All-Time-Lows...
You know what we love to say; Once we hit bottom, the only place left to go is up.
One final drop and the bear market is over for this pair.
It can go lower to a total of -91 to -93%.
After this last move, painful I know, we are very likely to see higher highs and higher lows for years to come.
Over two years of bullish action... All through 2025 and beyond.
Stay strong, the best is yet to come.
Namaste.
XTZ - Potential Inverse Head&Shoulders!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
XTZ is sitting around a strong support zone and round number 1.0 so we will be looking for buy setups.
XTZ is forming an inverse head and shoulders pattern but it is not ready to go yet.
For the bulls to take over, we need a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, XTZ would be overall bearish and can still trade lower.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
#Tezos down 33% in 3 weeks, XTZ under PressurePast Performance of Tezos
Tezos remains under immense sell pressure, looking at how price action is on the daily chart. Despite the broad market recovery, XTZ is edging lower with support at around $0.90. There are lower lows relative to the lower BB, but sellers remain dominant.
#Tezos Technical Analysis
As an illustration, XTZ is down 33 percent from November peaks and 52 percent lower from Q3 2022 high. Accordingly, sellers are in a commanding position. Therefore, for Tezos bulls to shake off adamant sellers, there must be a decisive close above $1.05 in the short term and $1.20, reversing November 9 losses in the medium term. As long as XTZ prices are below $1.05, sellers can unload on dips, targeting $0.90 and $0.80—or September 2019 range.
What to Expect of #XTZ?
Down roughly 90 percent from the 2021 high, Tezos sellers have unwound all gains of 2021 and 2020. Prices are now at 2019 ranges with a bleak outlook considering the relentless wave of lower lows.
Resistance level to watch out for: $1.05
Support level to watch out for: $0.90
Disclaimer: Opinions expressed are not investment advice. Do your research.