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XTZBULLUSD trade ideas

XTZ TEZOS USD : BOTTOM IS IN BOUNCE OFF MAJOR SUPPORT $14 - $22XTZ Tezos USD had broken below the long time rising trend line area of support, breaking down out of the ascending broadening wedge thats been going on for the past few years. I believe the correction is over and this is a fantastic buying opportunity for XTZ. It corrected close to 50% from the initial break of the wedge, which is a typical and common percentage correction after breaking this pattern before reversing back to the upside. I see a target of about $14 dollars minimum by June of 2023, and at that time we will revisit XTZ and see if it has the strength to break the upper trend line of the wedge and have an even more massive run to $20 - $25 and use the upper trend line as support for the next run! Indicators are also pointing towards a nice run up, MACD, STOCH RSI, and BBWP. Also the USA government is signing executive orders to regulate this space, along with handle the major power consumption that proof of work coins are using. They will probably suggest proof of stake because it uses virtually no real power. At that time BTC may have to switch to proof of stake or another proof method for validating blocks. I think that proof of stake coins are going to be the next major go to. ETH may have seen this coming and hence why they switched to proof of stake? ETH may overtake BTC if and when that happens. If we do end up breaking down however below the current support then we will probably go all the way down to the next major support line to about $.30 cents or so. I dont think that will happen because I believe the bottom is in in the majority of the crypto market as a whole. If we do end up going into a multi year bear market then XTZ will probably break down to that low of 30 cents. I don't believe that is the case though, especially because I have been in crypto for a long time and I know what to look for in market bottoms and I don't mean just charts, and this almost identical to the last bottoms I have been through! This is not financial advice!
COINBASE:XTZUSDLong
by Bitgolder
Tezos (XTZ) Continues its Rally: The Future of NFTs and Web3Tezos continues to beat the markets (both in crypto and in fiat) as of this week, growing as much as 20% in the last 5 days while most other assets continues to slump. This growth is being driven by increased transactions and traction - particularly around the NFT marketplaces. A more detailed look at the history and growth potential of the chain. teia.surf (Curation Layer built on Teia) teia.art (Version 2 and re-brand of Hic et Nunc) objkt.com (One of the biggest NFT platforms on the Tezos ecosystem right now - recently formed a partnership with TEIA for cross-platform interoperability.)
BITFINEX:XTZUSDLong
by RyanTanaka
3
XTZ/USD daily M patternFundamental: The COT data for Bitcoin is net long, and the largest amount shorts were closed since beginning of January. Banks are taking profit on their short positions from the bear run. XLM correlates with Bitcoin Technical: There is a daily M pattern that has formed depicted in white ( bullish ). This pattern completes at the neckline depicted by green. There is also a double bottom that has printed (blue). The weekly chart has printed a triple bottom depicted by yellow ( bullish ). Lower timeframes will be analyzed to determine entry point.
COINBASE:XTZUSDLong
by KoryptoBlockchain
XTZ broadening wedge#XTZ/USDT $XTZ is inside weekly broadening wedge pattern, and price is near lower line. 🐮 holding the lower line of wedge that is the same with support zone, will increase price to resistance around $4 and break out from this resistance will head up price toward resistance of 0.5 fib level that is the same with ascending trend line. break out from ascending trend line in long term will increase price to upper line of wedge that is the same with 1.414 and 1.618 fib levels. 🐻 break down from lower line of wedge will drop price to support around $1.5.
BINANCE:XTZUSDLong
by parissap
2
TEZOS uptrend intact; If BO Vol Profile zone;next 2 FIBO targetsTEZOS is holding the 3.23 to 2.72 Volume Profile support zone & is now trying to break above it with a higher high & a higher low in place. If it succeeds in breaking above the black anchored VWAP from recent low & then cross above the nearest GANN line, then the next 2 FIBO levels will be targets. (See chart for TPs 4.48 & 5.37) Rejection from VWAP or GANN line will see a retest of the blue uptrendline or even the violet VP support zone low at 2.72 (violet uptrendline). Also notable are the 2 potential triangles forming. Not trading advice
COINBASE:XTZUSDLong
by xtremerider8
Tezos bullish reversal pattern in play.Tezos prices have been trading in a bullish trend since the beginning of the year, with prices rising from a low of $1.32 to the current high of $3.43. The overall trend is still very much intact and there is a strong possibility that prices could continue moving higher in the short term. The next major resistance area for XTZ prices is at the $3.45 level, which is where the 100-day moving average currently sits. A break above this level could see prices move towards the $3.50 level. Tezos prices have been on a tear over the past 24 hours, rising from a low of $3.34 to a high of $3.43. Prices are currently trading at $3.42, which is just below the major resistance at $3.43. Tezos market capitalization is currently at 3 billion with a 24-hour trading volume of $73,222,919.87.Tezos overall price movement has seen a continuation of the bullish trend that has been in place since the opening of the daily trading session. Tezos price analysis shows the bulls have come together to push prices higher after a period of consolidation. Further upside is anticipated as the MACD line is headed towards the zero line, an indication of a continued bullish trend. Prices are also trading well above the 200-day moving average, which is another indication of a continued uptrend. However, prices could face some selling pressure at the $3.45 level, which is where the 100-day moving average currently sits. The RSI indicator is currently at the 67 level, which shows that there is still some room for prices to move higher before becoming overbought. Conclusion Tezos price analysis for today reveals the market has the potential to rally towards the $3.45 level in the short term as the bulls maintain control of the market. Prices could face some selling pressure at this level, which is where the 100-day moving average currently sits. However, a break above this level could see prices move towards the $3.50 level.
COINBASE:XTZUSD
by AxiomEx
1