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Xtzanalysis

XTZ Ready For a Leg Up!!Tezo's and most of the market has been feeling the BTC rise and the dominance rise in turn pushing altcoins to the downside, XTZ has actually held up very strong compared to some other coins. We are still comfortably in our ascending channel with us just recently pushing into the lower half. Looking at the bollinger bands we are actually sitting right on that midline which is currently support and holding us up, im looking for a daily close above this level tonight and hopefully a bit of a pivot off of here, aswell the bands seem to coming in and could be starting to squeeze down on price action, if this happens we will likely see some sideways movement with momentum building up stronger and stronger each day until we have an explosive move in either direction. Keep in mind BTC is always a huge factor for altcoins so we must watch this aswell. Taking a look at the EMA ribbons we are still moving in the right direction with the green ribbons on top and with some decent separation, if altcoins start to take off to the upside we can likely get a hint from the EMA ribbons by them starting to open up wider and spread out further showing growing bullish momentum! As far as significant support and resistance go we are dead center inbetween the 0.3 FIB (Resistance) and the 0.5 FIB (Support) i think it is likely that before we move another leg up we will probably go to test that 0.5 FIB level and my thoughts are that we will hold it, unless of course BTC crashes the party. Now the RSI, as i always talk about the midline is a very key level, not only does is act as support (Currently) it signals the overall trend we are in, if we remain above this midline we are still considered in a confirmed uptrend, but if we fall below and fail to get back up and above we will be considered in a confirmed downtrend whether its a short term one or longer term one, i would say shorter term is the most likely option as i believe this bullrun is not over for alts. But we are seeing a curl to the upside slightly above this midline and its looking like we could actually hold here going into daily close, and like i said before if we can hold onto the midlline on the BB aswell, we are looking very good! Not financial advice just my opinion!
COINBASE:XTZUSD
by JacobR905
6
XTZ Going for ATH!!!Tezo's has been really showing its strength as a project as of late and personally i think a lot of big players and even retail players are really starting to realize its potential! We are looking extremely bullish and have been making some nice gains lately, we have been pushing upwards in this ascending channel since back in July, we currently have exploded upwards out of the channel taking out key resistances along the way! Really interested to see what XTZ is going to bring once the Altcoins really start to pump hard, would be foolish to disregard Tezos as a potential front runner once we really start picking up momentum! Whats even more exciting is that XTZ is only aprx 50% off its ATH and you guys know what comes after the ATH... PRICE DISCOVERY MODE!! First looking at the high and low pivot levels, we are very nicely sitting above the most recent high pivot level and a close above here tonight would be very key and add to the already massive bullishness, and in regards to our next major resistance level i would say we are set for the 0.2 FIB (FIB retracement is drawn over all time) we might hit a couple weaker resistance levels on the way but how XTZ has been moving i wouldn't see us having much trouble blasting through! Also keep in mind we had some huge bank news today regarding XTZ once again adding to the bullishness. Now the Bollinger bands look very nice we are starting to take a ride up the top band and we are only on our 3rd candle, usually big ride ups on the top band can go on for upwards of 5-6 & even 7 daily candles. Something we want to see on the bollinger bands is for that midline to start heading in the upwards direction, this is additional layer of support and will help keep us from falling. Now the MACD looks very good we are seeing increases in our histogram day after day and they aren't very small increases they are on the bigger side compared to normal, showing us the rise in bullish momentum.We also notice big big separation in the MA's with the blue starting to fly to the upside and the orange lagging behind, would definitely like to see this continue on as it lessens the chance of us having a near bearish cross, with big separation price action can afford to have a day or two cooldown without actually getting a bearish cross or close to bearish cross, and likens the chance of us seeing a double green MACD cycle! Not financial advice just my opinion!!
COINBASE:XTZUSDLong
by JacobR905
3
XTZ Pushing for Previous High!!?Tezos is really making a name for itself recently with some massive news coming to sight like big NFT projects and huge banking smart contract news are definitely all helping boost XTZ the gaining momentum! We had a huge wick above the R2 resistance and theres a good chance we see that level sooner than later, we are currently sitting right on the top band on the bollinger bands and when we see this happen theres usually big momentum and upswings like we have been seeing! The MACD looks fantastic we are seeing big separation in the MA's with no sign of slowing down and the histogram is only on its 3rd green bar and we are growing significantly each day, we want to see this momentum continue and push us higher and higher. We are also continuing to push upwards in the ascending channel with us currently sitting right at the top facing some resistance, i think there is a good chance we see a nice breakthrough coming up here soon and i would go to say we are likely bound to reach that 0 FIB level or 8.4$ USD! Not financial advice just my opinion!
COINBASE:XTZUSDLong
by JacobR905
1
XTZ Continuing To Explode!!As i talked about on August 17th i was saying how XTZ is looking like its about to breakout against BTC and we nailed that perfectly! That TA was put out when Price action was still in the descending channel! And we are looking super bullish still with XTZ outperforming majority of the market right now, we wicked upto about the 1 FIB level which is our most recent high from around May, we are actually currently pushing above the 0.7 FIB and if we can hold above here for daily close we are looking golden! Check out the EMA ribbons, this is a huge deal, as you notice we had the red ribbons on top for quite some time pushing down on us and dragging us downwards, we have recently flipped that with the green ribbons on top showing the bullish momentum is growing drastically! This indicator isnt a fast mover and it takes a bit of time for the ribbons to fully flip and once we do if we continue like this we will want to see big spread and separation in the ribbons which shows massive amounts of bullish momentum and will bring us a great ways away from getting that bearish flip. Bollinger bands too look super bullish, we are on our first candle that is starting to grab onto the top band and you guys know what most of the time that means! Likely a huge climb up to come and i honestly think if we do see this big run up we are gonna slice through that 1 FIB level, due to bullish momentum getting bigger and stronger everyday! Now the MACD we just had a bullish cross and even though it isn't confirmed yet i would say there is a very good chance that we see a very bullish and healthy MACD cycle coming up here soon! But keep in mind that we need to see that blue MA start to take off from the orange one separating away and pointing upwards, and the further the MA's spread the lesser chance we have of a near term bearish cross! Aswell the histogram, we need to see increasing green bars each day with rising bullish momentum which personally i would say is very likely! Not financial advice just my opinion!
Long
by JacobR905
XTZ About to Breakout!!?XTZ has been travelling along the descending channel since mid June, we are getting a strong push upwards at the moment looking like we are about to breakout against BTC. Keep in mind this TA only stays valid if BTC doesn't swing the market, if BTC dumps we should expect the same for the market. Now first looking at our current breakout spot we are looking very strong pushing slightly above the top of the channel, we are also looking at the nearby pivot point just above us, a break above here and a close on the daily would be very bullish, we would likely get an overall trend reversal. Looking at the Bollinger bands we are also looking great we are seeing some squeezing within the bands and that usually means volatility is shrinking and a big move usually follows, we are also almost at the top band which is very bullish, if we can grab on and start climbing the top band that will likely ignite a big run. If this plays out i can see us easily going upto the R1 resistance. The RSI is looking good we have climbed up and above the midpoint which is very key, if we can see a further push up and hold above this midline we are looking fantastic, we would be looking at a confirmed uptrend, which xtz could really use right now! we can't slip below again and struggle to find a way back up because then we will be back in a confirmed downtrend. REMINDER, BTC controls the market and we could get crushed if BTC decided to dump so always keep that in mind because it could completely void this TA, Not financial advice just my opinion!
Long
by JacobR905
XTZ Potential Drop Before Taking off!?XTZ has been moving somewhat sideways but slightly upwards for the past month and a bit and it looks like we could be in for a little drop coming up soon, i imagine that we will see a drawdown to the pivot point which is about -9-10% from where we are now, however i do really think we are going to catch support and get a bounce, if you take a look at the bollinger bands you notice the midline which right now acts as support lines up perfectly with that pivot point that acts as support, i think its likely that we will atleast see a bounce on the first wick down. Keep in mind that BTC is a big factor in this, if BTC decides to pullback or drop we can expect the same for the rest of the market. The MACD is looking a little shaky we see our Blue MA approaching the orange one while pointing to the downside, i think we are likely due for a bearish cross in the coming day/s. Our histogram is slowly cooling down printing lesser green bars than the previous and we are coming up on the midpoint where we could see this flip to red. Think a little cooloff or pullback is due before we see a big run for XTZ here but keep in mind BTC plays a huge factor so always remember that, very bullish on XTZ longer term i believe it is a great project and will be looking to buy the dips. Not financial advice just my opinion!!
COINBASE:XTZUSD
by JacobR905
Tezos XTZ - 6h. Buyers Ready to Storm $7.25-7.7The beginning of the week on the cryptocurrency market turned out to be not entirely pleasant. Tezos is no exception. During Monday, the price of XTZ fell 16% . For comparison, the price of BTC fell by almost 10%, the price of ETH - by almost 12%. If we compare XTZUSDT to the most powerful coins in the crypto market in terms of dominance, buyers kept the price quite powerfully. Our previous idea worked halfway through. Buyers failed to hit the mark of $10 without a deep correction: Looking at the nature of the fall in the price of XTZ and its stop, we slightly adjusted the liquid price zones. Thus, the chart shows that: - major buyer support is in the range of $5.5-5.85. - Problems with the continued growth of the XTZ price begin to arise in the range of $7.25-7.7. If you look at the 6 hour timeframe , you will notice that buyers failed to take control of this range for the fourth time: By the way, the fall on May 10 was quite natural. Please note that the correction in the XTZ market started earlier - on May 7. It was after the sellers dropped the price below $7.25-7.7 that we saw a new impulse for the fall. However, the price of XTZUSD continues to move in the local black growth channel . In addition, yesterday's close of the daily candle is encouraging to think that the fight for the range of $7.25-7.7 is not over. The main signal for the continued growth of the Tezos price to $10 will be the retention of the local level of $6.66. In our opinion, from this mark, buyers will begin an assault on the critical range. ________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics! We do not consider the alternative scenario until the price of XTZ is above the range of $ 5.5-5.85.
by P_S_trade
17
TEZOS (XTZ) - 6h. Buyers have started a new test attempt of $10If we look at the situation on the XTZUSDT market globally, we see how difficult it is for buyers to take control of the global range of $3.9-4.5: The first attempt by buyers to gain a foothold above this range was back in February 2020. After the tragic events of March 13, 2020 across the entire crypto market, buyers rallied themselves. And on August 20, we again saw the test of this range. However, even large trading volumes did not allow the price of Tezos (XTZ) to gain a foothold above this liquid zone. The current attempt by buyers to take control of $3.9-4.5 looks successful. Although buyers were unable to hold onto their initiative on February 21, the main trend line that buyers have held from January 2021 is holding firmly. At the moment, after updating the historical high, buyers managed to keep the range of $3.9-4.5 and declare their readiness to continue the upward trend. If you look at the local situation , the first liquidity zone on the way to the renewal of the high is in the range of $5.5-5.6. After fixing above it, you can buy XTZ with lower risks than now. It will be possible to buy this coin after breaking through the range of $6.1-6.3 . Considering the fact that the price of XTZ did not fall outside the black growth channel, the probability of growth above $10 remains high. ___________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
35
XTZ - 6h. Ahead of $9 for Tezos?In just 5 days after the publication of our previous idea , the XTZ price reached the target: Buyers managed to cope with the range of $4.9-5 . Although after the breakdown of this range, the buyers could not hold it, but the price found support a little lower. As a result, on April 4, the price of XTZUSDT increased by about 40% during the day. It is worth paying attention to the trading volumes, thanks to which buyers were able to renew the high: As you can see from the chart, the sellers' stop orders helped the Tezos price rise significantly. However, the sellers' attempt to return the price below the critical range of $5.4-5.65 failed. Although, despite the trading volumes, which sellers wanted to regain control of this range, they had serious intentions. The fact that buyers withstood such a blow at the highs indicates that they are serious about continuing the growth of the price of XTZUSD. At the moment, the XTZ price is trying to break through the range of $6.65-6.95 . If buyers fail to take control of this range the first time, we will expect a local correction to the mark of $6.3 From this point, buyers will be able to continue the growth wave with an ultimate target of $9 An alternative scenario of the beginning of a global correction in the XTZ market will begin after breaking through the mark of $6.3 . The likelihood of this scenario is increased by low trading volumes in the current wave of growth. Considering the situation on the BTC market , where the price moves in a global wedge, XTZ buyers may not have enough strength: Nevertheless, this is an alternative scenario for now and we expect the growth trend to continue in the XTZ market. _______________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
41
XTZ - 6h. you need to wait for consolidation above the $4-4,5Slowly but surely, buyers have regained the initiative in the XTZ market. Having started a new wave of growth after a strong price correction on February 22-23, buyers managed to gain a foothold above the important range of $4-4.5 . This range was strongly defended by sellers in 2020: However, only last month, with large volumes, b uyers managed to break through this range and catch the sellers' stop orders. Control over the price zone of $4-4.5 in February remained with sellers. After repeating a similar attack in March, but at low volumes , buyers managed to close the monthly candle above this range. Thus, we think that the majority of sellers have left the market and there is no way for the XTZ price to continue rising. The final confirmation of this may be the price re-correction to the $ 4.5 mark. The first local target is $6.3. Below $4, buyers will lose initiative and retreat to the range of $3-3.1. However, given the prospects for BTCUSDT to renew its all-time high and test the range of $65,000-75,000 , this negative scenario remains an alternative. _____________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
24
XTZ - 6h. Buyers can expect $6.4 but only after $4-4.2+ 125% for a month and a half. XTZ buyers have set a great result for the beginning of 2021. One of the most aggressive coins of recent times has come to its critical point again. If you look at the daily timeframe , we see that from February 2020, buyers can not consolidate above the range $4-4.2 Today, buyers are trying for the third time to break through this range and increased volumes will push on it. In addition to the critical range, buyers rested on the trend line, which from January 9 constantly stops the growth of the price of XTZ and sends it for correction. Unsuccessful attempt of buyers to consolidate above the global critical price zone $4-4.2 will provoke the beginning of the correction with the first goal $3.4 and the final - $2.9-3 However, if buyers can break through this range, we will consider this coin every time in a new idea. The optimistic scenario is a test of the mark of $6.4 . However, only after fixing the price above $4-4.2 . _______________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
16