XTZUSDT
Tezos (XTZ) - March 26 (4h)The key point, 1.6549, crosses the uptrend line (2).
At this point, you need to see if you can get support and rise on the uptrend line (2).
You should also check if you can climb above the 2.0706 point.
The upward trend line (1) must be supported.
------------------------------------------
All coins are located at attractive prices.
However, careful trading is necessary as BTC moves.
----------------------
Even if it's annoying, please click "Like".
Thank you.
Tezos Bearish alligatorTezos has seen a great bull run. However it has reached the point where the downside potential is A LOT greater than the upside potential. Support for this theory includes the bearish opening of the Gaussian alligator indicator, preceded by a double top and a bearish divergence. The previous Bearish opening held bullish potential due to the formation of the descending scallop, a bullish reversal pattern. By 'baby coin' I mean the coin is very young and most alt coins do not show this chart structure in their early days, its just strange. A personal bias may come into play, I do hate this coin.. xD
XTZ ANALYSIS: RISING CHANNEL IN PLAY!XTZ ANALYSIS:
XTZ is pushing up on a strong upward channel. It is also closing in on the hourly resistance and seeing two red wicks pointing to a reversal of momentum. The volume has been semi-neutral, but ATR remains at lows. RSI topped out, and is looking to come back down to neutral territory. I expect a dump back to at least the bottom of channel at T1 of 1.44. Upon the break of channel, look for T2 at 1.35, and T3 at 1.26. Triple bottom support at the green box is where we flip to long position and look for the bounce, this zone being 1.00-1.20!
XTZUSD formed bullish Shark | Upto 125% bullish move expectedAn eye on previous bullish harmonic move:
Hi Folks hope you are doing well, this bearish trend is helping many tokens and cryptocurrencies to complete their final bearish legs to form bullish patterns and Tezos (XTZ) is also one of them. This time the XTZ has also completed another harmonic move but before moving to current pattern lets watch the previous move so it will be easy to understand the current harmonic move.
Below was the long term 2 week chart I published on 1st November 2019 and on this chart I found that the XTZ had formed a perfect Gartley pattern. The formation of this pattern was started on the candlestick which as opened on 21st January 2019. The initial leg was completed on the candlestick that was opened and closed on 13th May 2019. After that we have witnessed that the price action has retraced between 0.618 to 0.786 Fibonacci level and completed the A to B leg. After this retracement the price line of Tezos projected between 0.382 to 0.886 Fibonacci projection and this was the Fibonacci projection area of A to B leg. When I published the chart at that time priceline was moving in the potential reversal zone and we had 4th candlestick in this area.
Now from that potential reversal zone the XTZ was suppose to move up and enter in the Fibonacci projection area of A to D leg between 0.382 to 0. 786 Fib level. So there was almost 150% bullish move was expected but we have witnessed that Tezos turned very strong bullish and first the price action entered in the Fibonacci projection area and from December 2019 to January 2020 the price action started a correction rally between the projection area of A to D leg and then broke out the 0.786 Fibonacci level as well and produced more than 348% massive profit.
Failed in breaking out the long term resistance:
After producing such a massive bullish rally the price action found a long term strong resistance at $3.52 and finally the priceline of failed to break out this resistance level and dropped down back in the Fibonacci projection of A to D leg of previous bullish Gartley pattern. At this level the price action is also hitting at the previous support of $1.26 and also using the 0.382 Fibonacci projection as a support.
The Tesoz is hitting at the support that is never broken down:
Now if we move to 2 day chart then it can be observed that the price action of XTZ is now at 200 simple moving average support and at the same time it is also hitting at the 100 SMA. As per Kraken exchange this 200 moving average was first time appeared on 17 November 2019 and since then the price action of Tezos never has hit on the support this time the price line of XTZ is touching at 200 simple moving average support for the first time in its history as per Kraken exchange chart.
A recent harmonic move can produce another bullish rally:
Now if we closely examine on this 2 day chart then it can be clearly seen that Tezos has formed another harmonic pattern. And this time the pattern is bullish Shark. The initial leg of this pattern was started on the candlestick that was opened and closed on 3 January 2020 and this initial leg was completed at the candlestick of 12th Feb 2020. After that the price action retraced between 0.382 to 0.618 Fibonacci level. (there is slight difference to reach up to the level of 0.382 but I have ignored this slight difference because all other legs of this pattern are formed perfectly as required for a perfect bullish Shark. After the completion of A to B leg the price line of XTZ was supposed to be retraced between 1.13 to 1.618 Fibonacci projection of A to B leg and on the chart we can see that the price action has projected up to 1.363 Fibonacci projection. finally the recent strong sell off has helped the XTZ to complete the last leg of this pattern and the final leg is retraced down between 0.886 to 1.13 Fibonacci level as required for the C to D leg of bullish Shark pattern. We can see we have fourth candlestick moving in this potential reversal zone. Now as per Fibonacci sequence method priceline is supposed to take a bullish divergence from this PRZ level to enter in the Fibonacci projection area of C to D leg from 0.382 to 0.786 Fibonacci projection.
As per Fibonacci sequence the potential reversal zone and Fibonacci projection of C to D legs are as below:
Potential reversal zone: $1.4984 to $0.9170
Fibonacci projection of C to D legs: $ 2.0710 to $ 3.2854
So this time Tezos has capacity to produce upto 125%. However if the priceline will manage to cross up the 0.786 Fibonacci projection then it can breakout the $3.52 resistance as well.
Stop loss:
The maximum extent of potential reversal zone at $$0.9170 can be used as stop loss because if this level will be broken down then XTZ can start another bearish rally towards downside.
Regards,
Atif Akbar (moon333)
XTZ/BTC TA Update (Another leg down?)XTZ/BTC
XTZ broke horizontal support at 2900 sats and now facing to resting the upward trend-line support which is located in the 0.618 fib levels.
Most traders are looking for a bounce play once the price reaches that zone of support.
But today, Technical Analysis is becoming too risky if the world market is in fear regarding the virus affecting all sectors.
Be cautious, trade with proper stop loss and apply risk management all the time.
Tezos - Down the mountain - 1DHello,
We are clearly on a descending chanel.
After a bull race, Tezos is going down to a strong bottom, as bitcoin did after Dec 2017.
Breaks on the channel can happen so don't forget the limits as Tezos is very volatile.
Tezos path to $8.00Volume has increased drastically after breaking past $3.00 resistance last evening --- this is extremely positive as the price decline from $3.99 to $2.50 was on low trading volume.
The recent dip reminded me of the March 2019 dip after Tezos rose from $0.30 to $0.95 and dipped to around $0.60 before resuming the bullish action.
XTZ (Y20.P2.E1).Also goodHi All,
Just like ETH and LINK, I am going long with Tezos as well, I have more of LINK and ETH in % but still its got good form so I might just flip some for ETH.
If its not too late, I want to buy more in but I will have to wait for a slight pullback, if there is any into this buying zone.
Never the case, its on my radar.
Daily chart
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari
(for my reference > btc .v)
XTZUSD: Long TezosBought spot Tezos, it's ranging near the daily support. Assuming Assuming BTC won't be free falling it looks like a good trade for me.
Information is just for educational purposes, never financial advice. Always do your own research.
ADA- CARDANO NOW ON THE BREAKOUT POINT TO NEW HIGH LEVEL! Cardano are on the breakout point. i expect new high level for Cardano.
- Cardano have loss least time to mutch volume, and it looks the volume is back.
WE CAN SAY THAT IT LOOKS THAT CARDANO IS BACK.
Above 0.06 is possible.
# THIS IS ONLY MY EXPECTING, NOBODY KNOW THE FUTURE, AND THIS ARE NOT A ADVICE!
Tezo's, possible upside approachingCrypto certainly moves quickly and ironically I will have re-entered at basically the same price I sold when all is said and done at 3.15. Kind of ironic.
I will make this quick. Tezos has kept failing at breaking to the downside multiple times. While I was expecting more of a sell off to the $2 area, we just haven't gotten it yet. You can see the daily MACD gaining strength, RSI moving to the upside also indicating more strength. The lesser time frames have already turned bullish and I feel we could find a local bottom here for a much larger move to the upside. Which warrants a re-entry and a hold through any potential downside. I would prefer to risk holding through a move right now rather than missing the pre-halving move.
Best of Luck,
-Sherem
XTZ in BUY ZONEHi Guys,
Looks that it is good opportunity to take XTZ.
I am in a deal.
Bought at 2.69
$XTZ, Interest levels as it retraces from ATH values..$XTZ / #USD
Interest levels as it retraces from ATH values..
XTZ Mixed SignalsXTZ is showing signs of an early H&S formation, however it is currently within a strong uptrend. Continuation of this uptrend is more likely due to its strength however the h&s is always a possibility.
