XTZ/USD Long-term Trend: Ranging Resistance levels: $1.200, $1.300, $1.400 Support levels: $0.400, $0.300, $0.200

The XTZ/USD pair had been in a sideways trend in the last ten days. On December 16, the bulls broke above the 12-day EMA and the 26-day EMA to reach the high of $0.56. But the crypto was resisted when the price reached the $0.60 resistance level. The crypto fell to the low of $0.4838, to commence a range bound movement at that price level. Meanwhile, the price of Tezos has an opening balance of $0.4661 in the month of January. 2019.

Meanwhile, the stochastic indicator is out of the overbought region and it is below the 40% range. This indicates the price of Tezos is in a bearish momentum and a sell signal. Also,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 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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