Tezos! Finally. XTZUSDHere's looking at XTZUSD. After a number of false starts (?X waves) we, I believe, are looking at another impulse in the making. Gaining higher highs, and consistently in positive momentum. There are many, many fractals that will see themselves paint themselves out in the next coming days or weeks. As usual- FibGoals are our golden goals. NFA.
XTZUSD
XTZ 20% tradeHello, traders
XTZ is testing the short-term resistance line, and if we break that level the next target will be the next important resistance level!
Based on the distance from 100 MA we believe the price will come back to test that line as resistance in the short term.
Bullish Diverce RSR
Good luck.
XTZUSD to see a slight downtrend(1D) | Midline rejectionMarket in last 1 week
XTZUSD saw an uptrend after getting lower band support reaching midline
Price volatility was very high. The market moved ~23.41%, between $2.36 and $1.91
Today’s Trend analysis
XTZUSD expected to see a slight downtrend as the price after trading between midline and lower band got midline rejection
Price at time of publishing: $2.27
XTZ’s market cap: $1.71 Billion
Oscillator indicators are mostly neutral. RSI at 42
Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral and Hull MA indicates a buying opportunity
Volume indicators saw a decrease in volume as price increased followed by increase in volume with price increase
Price expected to see a slight downtrend as the price after trading between midline and lower band got midline rejection. Most of the Oscillator indicators are neutral. MACD line moving above the signal line with histogram size increasing in the positive region, suggesting a bullish bias. RSI at 42, below the midline in the neutral region. CCI is around -24, in the neutral region with an upmove. Another interesting point to notice here is that volume saw a decrease in volume as price increased followed by increase in volume with price increase indicating a shift to buyers.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
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- Mudrex
Tezo's extremely oversoldOn the XTZUSD chart, we are hitting this MAJOR trendline. I imagine this will hold as support and we will move higher from here. You can also see that RSI is extremely oversold which would also indicate a move off this $2 area.
If we coincide this with the XTZBTC cross, we can see that RSI is also very oversold here and hitting this .618 fib line. this should also produce a bounce.
Tezos's has now gone down almost 50% in just a month. It's definitely oversold.
Look for bounces targetting this $3 area. Once we get there we can see if it's due for a much larger run up in the near term.
Cheers,
-Sherem
Tezos next cycle planIf history repeats itself. If bitcoin can go above 20k within this time period or Tezos starts defi hype, then the moon in the limit. If not, we will be trading within this channel and I will be getting my sell button ready every time we cross 70 on the RSI and buy on the way down to increase my stack. Tezies til we bezies boiz.
XTZ/USDT | Trend Analysis | Key Levels | Oversold Bounce Todays Analysis – XTZ/USDT – finding support at a structural level with an oversold bounce.
Points to consider:
- Strong Downtrend
- Bearish PA
- Oscillators below 50
XTZ has found support after an impulse sell within this steep downtrend, further continuation into daily resistance is probable.
However, price action is looking weak and bearish. Even with a relief rally, price will need to reclaim daily s/r and consolidate above the 21 EMA at the least to signify trend reversal.
Failing to hold this support, price is likely to have further continuation into the $1.4 support level – a good place for long-term accumulation IMO.
Oscillators are below 50, this indicates weakness in the market as we continue to tread into oversold conditions.
Overall, in my opinion, further price development will indicate the direction of the next impulse.
If you’ve read this far - thank you for following my work!
And as always,
Focus on you, and the money will too!
Tezos (XTZ) - September 25Hello?
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It has declined from the uptrend line (1), and most of the uptrend that began on March 13 was returned.
It remains to be seen if it can quickly rise above the uptrend line (1).
If it falls from 2.0706, it is likely to touch 1.6549 or less.
(Fibonacci retracement point indication 1D chart)
We'll have to see if we can get support from 2.0797-2.3331 and climb above the 2.84 point.
If you move down from the 2.0797 point, you're likely to touch below the 1.3193 point.
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(HITBTC XTZUSD 1W Chart)
We have to see if we can get support and climb in the critical section, 2.15156711-2.26900450.
If you decline from the 2.15156711 point, you are likely to touch below the 1.73723670 point.
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I think it is a period of volatility from September 21st to October 1st.
Therefore, I think careful trading is necessary.
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
XTZ/BTC (1600 Sat Major Support?)💎Technical Analysis Summary💎
BINANCE: XTZBTC
-Tezos is trading inside a descending channel
-The pattern is Bullish if breakout to the upside
-The major support area is at 1600 range
-That zone is tested support twice and saw an upward move
-If XTZ will continue its downtrend, it will likely test this region
-I recommend buying the breakout of the channel to reduce the risk
-Midterm target is up to 2400 sat previous support area
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$XTZ where I am looking to buy again !Hello #crypto friends,
$XTZ has been hammered lately but I believe the pain is about to be forgotten.
Nevertheless, I expect one final drop to the .236 fib level and most likely a wick through (capitulation) to re-validate the long term trend line.
Any price below $1.5 is a fantastic opportunity to buy tezos $XTZ and this is where I expect a strong bounce.
Note that trend lines are subjective, but they remain powerful consensus to identifying resistances and supports.
If you want to bet on the final touch (4th touch), place your order right below $1.45 as it might wick through to $1.35 if we're lucky !
The weekly RSI will flip to heavily oversold attracting many buyers as well.
Hope this helps, if this does please like or comment.
Have a good one everyone !