XTZ/USD Long-term Trend: Bearish

Resistance levels: $1.200, $1.300, $1.400
Support levels: $0.400, $0.300, $0.200

The XTZ/USD pair was in a bearish trend. The price of Tezos was in a smooth downtrend. The price bars includes Doji, Spinning tops and small body candlesticks describing the indecision of buyers and sellers about the price level. The crypto's price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.

The Stochastic is in the range below the 20% range. This indicates that the price of Tezos had been in the oversold region. That is the crypto has a strong bearish trend. The blue stochastic band is above the red band and it is coming above the 20% range. This means that the trend is reversing. If the bands are out of the oversold region, it becomes a buy signal

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 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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