XTZ/USD Long-term Trend: Bearish

Resistance levels: $1.200, $1.300, $1.400
Support levels: $0.300, $0.200, $0.100

The XTZ/USD pair was in a bearish trend. On November 14, the price of Tezos was resisted and it fell from the high of $1.1500 to the low of $0.3448. Currently, the crypto is in a range bound movement at a price of $0.3888. The Stochastic indicator is in the range above 20% range which indicates that the crypto has a bullish momentum and a buy signal.

The crypto’s price is likely to rise, but if resisted by the 12-day EMA, the crypto will resume its downtrend. There will be no trade recommendation to initiate long trades as price is still in the bearish trend zone. Meanwhile, the price of Tezos is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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