XTZ/USD Long-term Trend: Ranging Resistance levels: $1.2000, $1.3000, $1.4000 Support levels: $0.4000, $0.3000, $0.2000

The XTZ/USD pair is currently in a bearish trend zone. The 12-day EMA and the 26-day EMA are trending horizontally. The price of Tezos has an opening balance of $0.4661 and a closing balance of $0.3747 as at January 31, 2019. The crypto traded and depreciated at about 19.16% of its capitalization in the month of January 2019.

On the downside, in January 10, the bears broke the 12-day EMA, the 26-day and price fell to the low of $0.4556. The crypto was below the EMAs as the bulls failed to break above the EMAs. The 12-day EMA resisted the price of Tezos to break above the EMAs.

Today, the price of Tezos is trading at $0.3800 as at the time of writing. Meanwhile, the crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. The MACD line and the 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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