5.4 C
Amsterdam
25 February 2024
PumpMoonshot
Image default
News

Tezos Price Analysis: XTZ/USD bears take control, aim for $3–line


  • XTZ/USD bears took control following six bullish days.
  • William’s %R has dipped below the overbought zone, following bearish price action.

XTZ/USD daily chart

XTZ/USD daily chart

XTZ/USD bears took control of the market following six straight bullish sessions as the price dropped from $3.23 to $3.09. Following this bearish price action, the William’s %R has dipped below the overbought zone, showing that it is no longer overpriced. 

The Elliott Oscillator has gone up from -0.3 to 0.4, following 12 straight green sessions. This shows that the current market sentiment remains overwhelmingly bullish.

Support and Resistance

XTZ/USD bulls ran out of steam at the $3.23 resistance line. On the downside, healthy support lies at $2.90, $2.73, $2.69 (SMA 50) and $2.57 (SMA 20).

 News Source

Related posts

Twitter Reveals Cause of Unprecedented Security Hack Placing Bitcoin and Cryptocurrency in the Crosshairs

PumpMoonshot

This Is What Shiba Inu Bulls and Bears Indicator Says About SHIB Price Action

PumpMoonshot

Industry exec believes Cardano (ADA) will be the fifth-largest crypto in 2021

PumpMoonshot