🔥 XTZ Long-Term Analysis: Big Upside PotentialWith the market in turmoil, it might be a good idea to start looking at long-term trades. This time, we're looking at XTZ.
XTZ has not been doing great this bull-run, not even making a +450% from the March 2020 low to the May 2021 high. However, we can see a clear bullish channel pattern emerge on the weekly time frame. Every single time the bottom trend line has been hit, a major bullish push has followed, leading to often great returns.
Potentially, the same could happen now. In case the price will push towards the current ATH this is a potential +194% trade. However, there's a chance that the price will touch the bottom trend line again in case BTC will fall back to 28k, so keep a close eye on BTC's moves.
Happy trading!
Xtz
ALT Coins Close to Large Bounce MartyBoots here. I have been trading for 14 - 15 years and I am here to share my ideas with you to help the Crypto space.
If ALTs can hold this Level we should see a large bounce
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Tezos (XTZ)|a massive bullish setupDifferent support and resistance levels:
On the day we timeframe chart, we can observe the different support and resistance levels. At the top, the price action has found strong resistance at $8 and after being rejected by this level it has moved down at the support of $2.30. From here the priceline of Tezos is likely to have another bounce. Now the priceline of XTZ has the different resistance levels to be broken out. 1st we have at $3.20 then $4.50 then $5.50 and then $7 and $8 will be the final resistance.
Re-entered the pennant:
On the same daily time frame chart, It can be also noticed that the price action is moving in a pennant. On the 22nd of June, there was a drastic drop in the complete market and the price action of XTZ followed the market trend in broke down the support of the pennant for a while. But this was a fake-out and the price action of XTZ has re-entered the pennant and moving to the upside to make another attempt for the breakout. If the price line will be able to break out the resistance of this pattern then the next target can be e the tail of this pennant. Which is approximately $4.40.
Big bullish Shark move:
On the weekly time frame chart, XTZ has formed a bullish harmonic Shark pattern. The buying area is too wide therefore I would recommend using $1.80 as stop-loss because here we have very strong support.
The buying and sell targets of this pattern as per the Fibonacci sequence are:
Buy between: $2.26 to $1.80
Sell between: $3.69 to $6.78
As per the above targets, this trade has a big profit possibility up to 276% and a loss possibility is up to 21%.
Conclusion:
If the price will break out the resistance of the pennant on the daily time frame chart, then it can lead to the execution of the bullish Shark pattern that has been formed on the weekly time frame. And once the price action of XTZ will be reversed bullish from the big pattern of bullish Shark then it can make another attempt to break out the final resistance at $8.
Tezos (XTZ) formed bit Shark for upto 276% big moveHi friends, hope you are well and welcome to the new update on Tezos (XTX) coin.
On the weekly time frame chart, XTZ has formed a bullish harmonic Shark pattern. There is strong support at $1.80 in the buying zone.
The buying area is too wide therefore I would recommend using $1.80 as stop-loss because here we have very strong support.
Tezos (XTZ) Hi there
long time no see
I just add tons of XTZ to my portfolio
for new friends who just joined crypto, Tezos is a coin created by a former Morgan Stanley analyst, Arthur Breitman. It is a smart contract platform which is does not involve in mining Tezos coins. It is a coin that promotes themselves on major ideas of self-amendment and on-chain governance. It is an Ethereum-like blockchain that hosts smart contracts. It allows the community to vote and improve its flaws. Any token holder may delegate their voting rights to others in the network. The coin uses a generic network shell which allow different transaction and consensus protocols that a blockchain needs to be compatible.
The source code is implemented on OCaml which is a fast, flexible and functional programming language which should suit an ambitious project and its technical requirements. Tezos’ proof-of-stake consensus algorithm is different from the delegated proof-of-stake (dPOS) where they go by the name liquid proof-of-stake. This liquid proof-of-stake that Tezos uses focus in filling the gap between both security and decentralization but still being able to take advantage of the benefits that delegated proof-of-stake offers. The staking process in Tezos is called “baking”. In this blockchain, bakers who make deposits will be rewarded for signing up and publishing blocks. However, if a baker commits any bad behavior the deposits will be forfeited.
targets 3 - 4 - 6
stop loss 2 - 1.7
see ya
$XTZ/USDT 4h (Binance Futures) Symmetrical triangle breakoutTezos has broken out of the triangle and is looking good for bullish continuation here.
Current Price= 4.069
Buy Entry= 4.014 - 3.906
Take Profit= 4.323 | 4.629 | 5.119
Stop Loss= 3.669
Risk/Reward= 1:1.25 | 1:2.3 | 1:3.98
Expected Profit= +18.34% | +33.78% | +58.54%
Possible Loss= -14.70%
Fib. Retracement= 1.414| 1.764 | 2.272
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
XTZ Global landscape 777 zone?The price is moving in an uptrend.
Important areas to work with are indicated.
What Is Tezos (XTZ)?
Tezos is a blockchain network that’s based on smart contracts, in a way that’s not too dissimilar to Ethereum. However, there’s a big difference: Tezos aims to offer infrastructure that is more advanced — meaning it can evolve and improve over time without there ever being a danger of a hard fork. This is something that both Bitcoin and Ethereum have suffered since they were created. People who hold XTZ can vote on proposals for protocol upgrades that have been put forward by Tezos developers.
This open-source platform bills itself as “secure, upgradable and built to last” — and says its smart contract language provides the accuracy that is required for high-value use cases. According to Tezos, its approach means that it is futureproof and will “remain state-of-the-art long into the future,” meaning it can embrace developments in blockchain technology.
The technology underpinning Tezos was first proposed in a white paper that was released in September 2014. After a series of delays, the Tezos mainnet launched four years later.
Last expectation: XTZ under 1.92I hope this is the final leg down, and after this the bull market will come back.
Today we had yet another dump, and I've cleaned up my graph and tried to make something out those Fibonacci's.
0.382(7.1USD) was resistance two times.
0.618(6.3USD) was resistance two times.
0.786(5.8USD) was support two times.
Once 0.786 was broken through with ease, 1(5.1USD) was support once, 0.786 became resistance, then it dumped hard.
May 19th to 24th (today)
0.236(4.4USD) was resistance two times.
Price floated around 0.618(3.4USD) with 0.5(3.7USD) being resistance.
0.786(2.9USD) was support two times.
Today at 12:30 we fell right through 0.786, to retest 1(2.4USD) as support. It held, once.
My last expectation:
0.786(2.9USD) will be retested tonight. If it continues to be resistance, we'll retest 1(2.4USD) and I hope we fall right through it (like on May 19th), in order to be saved by 0.236 of the next period (1.9USD).
Otherwise, if we come over 0.786, I might be really tempted to buy back once we're in the clear over 0.618. I see already that my previous idea linked here (If we remain under 3.32...) is somewhat being attacked, because we dumped through 2.89 but we are currently back up a bit.
Short in the short term, long in the long term.
Note: a much better view would be obtained by looking at BTC or ETH, not XTZ. But I look at this becaus this is what really interests me.
This is not financial advice, I'm just a noob that discovered Fibonacci's.
Opinions?