Tezos Price Analysis: XTZ/USD bears take control, aim for $3–line
|- XTZ/USD bears took control following six bullish days.
- William’s %R has dipped below the overbought zone, following bearish price action.
XTZ/USD daily chart
XTZ/USD bears took control of the market following six straight bullish sessions as the price dropped from $3.23 to $3.09. Following this bearish price action, the William’s %R has dipped below the overbought zone, showing that it is no longer overpriced.
The Elliott Oscillator has gone up from -0.3 to 0.4, following 12 straight green sessions. This shows that the current market sentiment remains overwhelmingly bullish.
Support and Resistance
XTZ/USD bulls ran out of steam at the $3.23 resistance line. On the downside, healthy support lies at $2.90, $2.73, $2.69 (SMA 50) and $2.57 (SMA 20).
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.