The analysis includes multiple methods of technical analysis to produce a map.
The labels for the chart and what the chart says are on the chart itself, more information about how to create a chart like this will come with updates to this idea.
A quick rundown of what I do use are:
What do the boxes mean?
I predict the price to move away from $8 and break into triple digits over the long term. The price targets are as follows:
With a price at $900 per coin, the Tezos platform would be valued at $798,181,180,200 for the total supply, not that in circulation as of 26th August 2021.
$227 is a conservative estimate valuing the platform at $201 billion.
This is not financial advice.
The labels for the chart and what the chart says are on the chart itself, more information about how to create a chart like this will come with updates to this idea.
A quick rundown of what I do use are:
- Trend Line to extend from two lowest structure closes.
- Horizontal Ray tool to mark off structure highs and lows on the Monthly Timeframe.
- Box tool to mark off Monthly and Weekly gaps in price action.
- Fibonacci tool using Powers of Two or Binary numbers to plot growth lines originating from two of the lowest close values. This cancels the logarithm out when using a logarithmic chart.
What do the boxes mean?
- Red Box - Monthly TF Gap Down
- White Box - Monthly TF Gap Up
- Orange Box - Weekly TF Gap Down
- Blue Box - Weekly TF Gap Up
I predict the price to move away from $8 and break into triple digits over the long term. The price targets are as follows:
- $7.30
- $14.60
- $28.80
- $57
- $114
- $227
- $456
- $900
With a price at $900 per coin, the Tezos platform would be valued at $798,181,180,200 for the total supply, not that in circulation as of 26th August 2021.
$227 is a conservative estimate valuing the platform at $201 billion.
This is not financial advice.
Comment:
Comment:
Comment:
Predicted Price of $8 has been broken.
Godspeed to all XTZ holders.
Godspeed to all XTZ holders.
Comment:
Comment:
BTD - Buy The Dip may still be in effect, check September 7th post for the dip levels.
Comment:
It looks like bullish volume with bullish price action on the table for 2022.
Comment:
I hope you all bought the dip.
Comment:
Price action looking very good with volume still incredibly high and growing. Overall it looks like a strong uptrend is about to come by.
Comment:
TRX hit the MSL (Monthly Structure Low) from October 2019 recently.
Interesting level we're at as the linear chart shows a reset, back where we came from, whereas the log chart shows there may still be more space to move downward.
In essence, prices have never been cheaper and R/R has never been higher.
Interesting level we're at as the linear chart shows a reset, back where we came from, whereas the log chart shows there may still be more space to move downward.
In essence, prices have never been cheaper and R/R has never been higher.
