XTZ/USD Long-term Trend: Bearish

Resistance levels: $1.200, $1.400, $1.600
Support levels: $0.600, $0.400, $0.200

The XTZ/USD pair was in a bearish trend in the month of November 2018. On November 1, the digital currency had an opening balance of $ 1.300 but on November 30, the crypto has fallen to the low of $0.493. In other words, the price of Tezos has lost 62.3% of its capitalization. On November 14, the crypto's price was below the 12-day EMA and the 26-day EMA and price was resisted which resulted in the downward trend.

Today, the digital currency is trading at $0.490 as at the time of writing. Nevertheless, the price of Tezos is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The MACD line and a signal line are below the zero line which indicates a sell signal.

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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