Tezos Price Analysis: XTZ/USD bulls regain control following two straight bearish days

XTZ/USD finally saw bullish price action following two bearish days.
The William’s %R was about to enter the oversold zone but has since diverged.

Rajarshi Mitra Independent Analyst

XTZ/USD daily chart

XTZ/USD bulls re-entered the market following two straight bearish days, taking the price up from $2.83 to $2.864. The Elliott Oscillator has had three consecutive red sessions. The William’s %R was about to enter the oversold zone but has since diverged away following bullish price action.

Support and Resistance

XTZ/USD has strong resistance levels at $2.892, $2.94 and $2.97. On the downside, we have healthy support at $2.78, $2.71 (SMA 50) and $2.62.

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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XTZ/USD daily chart

Support and Resistance

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