- XTZ/USD is trending in an upward channel formation.
- Bulls have remained in control on four straight days.
- William’s %R has dipped below the overbought zone.
XTZ/USD daily chart
XTZ/USD has gone up from $2.82 to $2.897 as the bulls remained in control for the fourth straight day. The price has been trending in an upward channel formation and had managed to cross the $3-level. However, the bulls have since been on retreat, prompting the William’s %R to dip below the overbought zone. The Elliott Oscillator has had nine straight green sessions.
Support and Resistance
Bulls face resistance at $2.96 and $3,05. On the downside, healthy support lies at $2.77, $2.66 (SMA 50), $2,62 and $2.50 (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.