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Tezos Price Analysis: XTZ pushes lower as large selling volume has been observed

  • Tezos is trading 11.62% higher despite all of the majors stuggling on Wednesday.
  • The price has hit a selling point at the moment with some large volume kicking in.
Tezos Price Analysis: XTZ pushes lower as large selling volume has been observed
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

XTZ/USD 1-Hour Chart

Tezos has been one of the outperformers for a while. 

Year to day XTZ/USD is trading over 182% higher.

Now on the chart below, you can see the volume has been highlighted at the bottom of the chart. 

It is by far the largest column on the sell-side.

We need to see if this will take us to the lower support levels that we see on the chart.

It is interesting that the price tried to break out of the channel but this was rejected and the price has come off.

Tezos Chart

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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