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Cryptocurrencies Price Prediction: Tezos, Stellar & Zilliqa — Asian Wrap 17 Sep

Cryptocurrencies Price Prediction: Tezos, Stellar & Zilliqa — Asian Wrap 17 Sep
FXStreet TeamFXStreet TeamFXStreet

Tezos price cools off, suggesting XTZ will retrace to $5.20

Tezos price has made some significant gains over the past 9-weeks - gaining $281% from the July 23rd low of $2.10 to the September 14th high at $8.01. However, the current week shows increased selling pressure and significant warning signs for downside momentum. 

XLM bears remain in control, upside limited to $0.36

XLM price is currently trading in the worst area within the Ichimoku system: inside the Cloud. The Cloud represents indecision, volatility, and whipsaws and it is the opposite of where any bull wants to be. Daily oscillators show bearish price action likely to continue.

Zilliqa price may trap bulls as ZIL surges towards $0.12

Zilliqa price has several bullish factors going for it in the Ichimoku system that suggest higher prices are here to stay. First, the current close is above both the Tenkan-Sen and the Kijun-Sen. Second, the Lagging Span is above the bodies of the candlesticks. Finally, third, the current close and the Lagging Span are above the Cloud.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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