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Tezos Price Analysis: XTZ/USD smashes through 2.00 to make new highs

  • Tezos is on a tear and has made new all time highs.
  • The price might now look at Fibonacci extensions for resistance.
Tezos Price Analysis: XTZ/USD smashes through 2.00 to make new highs
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

XTZ/USD Daily

Tezos is trading 12% higher today pushing beyond most of the major cryptos.

Now we are at all-time highs it's hard to know where you can find the next resistance.

Fib projections might be one theory. It is surprising how often they work,

The 138.2% and 161.8% fib extensions on the daily chart below have matched up pretty close together.

Between 2.20 and 2.30 there is a space where the price may find some resistance.

Keep an eye on price action at these levels for clues but for now, the bulls are clearly in charge.

Tezos technical analysis

 

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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