As talk of a return to alt season takes hold, Tezos demonstrates why. Since November 2019, XTZ has been in an upward trend, having gained 150% during that time.
Moreover, as resistance (at $1.90) was broken with a recent spike up, analysts are optimistic about a further run-up from here on out. Especially so considering a lack of resistance having bested its previous all-time high of $1.94.
Tezos price since its launch on Sept 18. (Source: tradingview.com)
Tezos Performance Impresses With Strong Technicals
Tezos has been in sparkling form of late, having posted strong gains throughout February. But today sees a slight dip to $1.98 at the time of writing.
All the same, Ionescu Doru HODL, who began charting Tezos’ break since November 2019, today tweeted a new chart. His latest chart shows a breakout from a descending channel, with price sitting significantly higher than a crossed 50-day and 200-day moving average.
The conclusion is,,,,what it is and is looking sooooo HOT ! @XTZ #XTZ $XTZUSD @tezos Out of the flag, some retest and some breakout. Yes ! pic.twitter.com/oWXOSwiwB8
— Ionescu Doru HODL (@yodoru2003) February 4, 2020
Indeed, many analysts foresaw good times ahead for XTZ holders. For example, at the start of the year, zippy1day, using Elliot Wave technical analysis, noted that price formation was taking the pattern of a 5th impulse phase.
“I consider Tezos now to be in a lower wave(5) so expect strong gains as well as staked money interest!”
Tezos TA using Elliot Waves. (Source: tradingview.com)
Elliot Wave theory purports that price movements can be predicted as they take the form of repeating up-and-down patterns, called waves, which are driven by investor psychology.
Wave five is the final stage in the direction of the dominant trend. It almost always denotes bullish price movement. However, bear in mind that the 5th wave is followed by corrective phases.
What Then For The Long Term Outlook?
All the same, despite the possibility of a dip in the short to medium term, as well as an overriding feeling of Bitcoin maximalism in the space, the fundamentals remain strong.
And this stands Tezos in good stead, as it attempts to live up to its tag as a true rival to Bitcoin.
But what makes Tezos different, and arguably better than Bitcoin and Ethereum? The answer lies in its long-term upgradability and open participation.
The team hopes to build a network that improves on all issues of governance by way of incentivizing token holders to cooperate. That way, by non-reliance on a development team or mining group, Tezos truly can call itself a democratic decentralized project.
“Tezos is a decentralized blockchain that governs itself by establishing a true digital commonwealth and facilitates formal verification. To simply put, Tezos is a self-amending, open-source, multi-purpose platform for building DApps and smart contracts.”
As such, its governance model evolves according to the market without needing to hard fork. And its this kind of stability that the market is crying out for. The post appeared first on NewsBTC. origin »
Tezos broke above a significant price barrier, which was previously keeping its price contained. Moving above this resistance could set the stage for a major bull run. Tezos Reaches a...The post Tezos Breaks Above Multi-Year Resistance, Rally Setup appeared first on Cryptocurrency News.
On January 15, the Tezos (XTZ) price completed its correction with a low of 1477 satoshis. The price has been increasing since — moving above an important resistance area. Tezos Price Highlights XTZ has possibly finished an A-B-C correction.
On December 17, 2019, the Tezos price reached a high of 25,220 satoshis. It has been decreasing since. On January 16, it created a bullish engulfing candlestick and broke out above the descending resistance line in place since the aforementioned high.
The Tezos price has increased by 165% since the beginning of November. It is currently trading inside an area of resistance and is likely close to reaching a top. When MATIC, a Binance IEO plummeted by 70% in just a matter of hours earlier this week, many expected Tezos (XTZ) to do the same.
XTZ/USD Long-term Trend: Bearish Resistance levels: $1. 6000, $1. 8000, $2. 0000 Support levels: $1. 2000, $1. 0000, $0. 8000 The XTZ/USD pair was still in downward correction. The 12-day EMA and the 26-day EMA are trending southward.
The support of the low of $0. 918 is likely to hold as the bulls make an upward move. The bears broke the 12-day EMA and the 26-day EMA as the price fell to a low at $0. 918 XTZ/USD Long-term Trend: Bearish Resistance levels: $1.
However, the support of the $1. 18 price level is likely to hold as the bulls make an upward move. The price of Tezos was in a bullish trend and the bulls reached a high of $1. 800 XTZ/USD Long-term Trend: Bearish Resistance levels: $1.
The bears broke the 12-day EMA and the 26-day EMA as the price fell to a low at $1. 18 price level. On the upside, if the bulls break above the EMAs, the XTZ price is likely to rise to retest the $1.
On the downside, if the bears break the 12-day EMA and the 26-day EMA, the crypto’s price is likely to fall to the lows of either $1. 2000 or $1. 4000. On the upside, if the EMAs are holding, the bulls will retest the $1.
The 0. 236 (23. 6%) and 0. 382 (38. 2%) retracement levels are likely to hold, and the market is expected at the $2. 0000 price level. The crypto market has reached the $1. 7800 price level. However, there was a slight price retracement to the support of the 0.
On the upside, if the crypto’s price rises, the bulls will break the EMAs and retest the $1. 4000 resistance level. On the downside, if the price breaks the 0. 382 (38. 2%) Fibonacci retracement level, the crypto’s price will be in a downtrend.
The crypto's price is likely to rise in the continuation zone of Fib. retracement levels. On the upside, if the bulls break the $1. 4000 resistance level, the crypto's price will rise and reach the previous highs of $1.
On the upside, if the bulls break above the EMAs, the bulls will retest the $1. 4000 resistance level. On the downside, if the bulls fail to break above the EMAs, the crypto’s price is likely to fall to the lows at $0.
Crypto markets starting to surge; Bitcoin breaks resistance, Cardano cranking, Tezos climbing and DigixDAO getting fomo. Market Wrap As the week progresses crypto markets are looking stronger. Bitcoin is pulling them all up as it breaks through resistance to form a new 2019 high.
The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. On the upside, if the bulls break the $1. 4000 resistance level, the price will rise to reach the previous highs of $1.
Crypto markets keep climbing; XRP is finally awake, Tezos is flying and Augur is on Coinbase. Market Wrap Crypto markets are still buoyant today as momentum has crept up for the best part of the week.
On the upside, if the bulls break the $1. 1000 resistance level, the price will rise to reach the previous highs of $1. 2000 and $1. 4000. On the other hand, if the bulls fail to break the resistance level, the price will fall or commence a range bound movement.
Today, the crypto’s price is trading at $1. 008100 as at the time of writing. On the upside, if the price is sustained above the EMAs, the crypto’s price will revisit the previous high of $1. 40000.
On the upside, if price retraces and falls to the support of the 12-day EMA, the crypto’s price is likely to rise. On the other hand, if the price fell below the EMAs, the crypto’s price will resume a downward trend.
Crypto markets cooling as the week ends; Cardano, Tezos and BAT climbing, Maker pulling back. Market Wrap Crypto markets are ending the week on a high but it remains to be seen if the momentum will continue into the weekend.
The crypto’s price reached a high of $0. 82 but was resisted. The price of Tezos faces resistance at the $0. 80 price level. XTZ/USD Long-term Trend: Bullish Resistance levels: $1. 2000, $1. 3000, $1.
The price of Tezos reached a high of $0. 4447 and commenced a range bound movement. Presently, the crypto is facing resistance at the $0. 4500 price level. On the upside, if the bulls break the $0.
The crypto’s price is facing resistance at the $0. 4400 price level. The price of Tezos was trading above the EMAs at a closing price of $0. 4276. XTZ/USD Long-term Trend: Bullish Resistance levels: $1.
The crypto’s price is below the EMAs which indicates that price is likely to fall. The XTZ/USD pair has appreciated by 2. 8% of its capitalization in the month of February. XTZ/USD Long-term Trend: Bullish Resistance levels: $1.
The price of Tezos is now trading at $0. 4548 as at the time of writing. The crypto’s price is now fluctuating above the 12-day EMA and the 26-day EMA. XTZ/USD Long-term Trend: Bullish Resistance levels: $1.
XTZ/USD Long-term Trend: bullish Resistance levels: $1. 2000, $1. 3000, $1. 4000 Support levels: $0. 4000, $0. 3000, $0. 2000 The XTZ/USD pair had been in a bearish trend since January. The crypto’s price traded and its price fell from the high of $0.
XTZ/USD Long-term Trend: Ranging Resistance levels: $1. 2000, $1. 3000, $1. 4000 Support levels: $0. 4000, $0. 3000, $0. 2000 The XTZ/USD pair had been in the bearish trend zone since January 10. The bears broke the 12-day EMA, the 26-day EMA and price fell to the low of $0.
XTZ/USD Long-term Trend: Ranging Resistance levels: $1. 2000, $1. 3000, $1. 4000 Support levels: $0. 4000, $0. 3000, $0. 2000 The XTZ/USD pair is currently in a bearish trend zone. The 12-day EMA and the 26-day EMA are trending horizontally.
XTZ/USD Long-term Trend: Ranging Resistance levels: $1. 2000, $1. 3000, $1. 4000 Support levels: $0. 4000, $0. 3000, $0. 2000 The XTZ/USD pair is currently in a bearish trend zone. The XTZ price was in a sideways trend at the beginning of January 2019.
XTZ/USD Long-term Trend: Ranging Resistance levels: $1. 2000, $1. 3000, $1. 4000 Support levels: $0. 4000, $0. 3000, $0. 2000 The XTZ/USD pair had been in a sideways trend at the beginning of January 2019.
XTZ/USD Long-term Trend: Ranging Resistance levels: $1. 200, $1. 300, $1. 400 Support levels: $0. 400, $0. 300, $0. 200 The XTZ/USD pair had been in a sideways trend at the beginning of January 2019.
XTZ/USD Long-term Trend: Ranging Resistance levels: $1.200, $1.300, $1.400 Support levels: $0.400, $0.300, $0.200 The XTZ/USD pair had been in a sideways trend in the last ten days. On December 16, the bulls broke above the 12-day EMA and the 26-day EMA to reach the high of $0.56. But the crypto was resisted when the […]
XTZ/USD Long-term Trend: Bearish Resistance levels: $1. 200, $1. 300, $1. 400 Support levels: $0. 400, $0. 300, $0. 200 The XTZ/USD pair was in a bearish trend as the price fell to the low of $0. 48382.
XTZ/USD Long-term Trend: Bearish Resistance levels: $1. 200, $1. 300, $1. 400 Support levels: $0. 300, $0. 200, $0. 100 The XTZ/USD pair was in a bearish trend. On November 14, the price of Tezos was resisted and it fell from the high of $1.
XTZ/USD Long-term Trend: Bearish Resistance levels: $1. 200, $1. 300, $1. 400 Support levels: $0. 400, $0. 300, $0. 200 The XTZ/USD pair was in a bearish trend. The price of Tezos was in a smooth downtrend.
XTZ/USD Long-term Trend: Bearish Resistance levels: $1. 200, $1. 400, $1. 600 Support levels: $0. 600, $0. 400, $0. 200 The XTZ/USD pair was in a bearish trend in the month of November 2018. On November 1, the digital currency had an opening balance of $ 1.
XTZ/USD Long-term Trend: Bearish Resistance levels: $1. 350, $1. 400, $1. 450 Support levels: $1. 200, $1. 150, $1. 100 The XTZ/USD pair is currently in a bearish trend. In the first two weeks of November, the crypto's price has been in a sideways trend.
XTZ/USD Long-term Trend: Bearish Resistance levels: $1. 350, $1. 400, $1. 450 Support levels: $1. 200, $1. 150, $1. 100 On September 1,the XTZ/USD pair has an opening balance of $1. 478 while in a bullish trend .
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