Tezos Price Analysis: Continuous Growth

2019-12-11 19:17

Tezos has a bullish short-term and medium-term trading outlook The four-hour time frame shows that a bearish reversal may start to take place The daily time frame continues to show the presence of a large bullish pattern

 

Tezos is starting to correct lower after the cryptocurrency recently rallied to its highest trading level since August this year. Technical analysis suggests more downside may occur before the XTZ/USD pair starts to push higher again.

Technical analysis on the lower time frames shows that the cryptocurrency is starting an overdue technical pullback, after the bullish inverted head and shoulders pattern on the lower time frames reached its full upside potential.

The cryptocurrency is still a strong buy on dips over the medium-term, as it has a bullish medium-term trading outlook. Furthermore, XTZ is one of the few large cryptocurrencies that has consistently traded above its 200-day moving average, despite the decline of the broader market.

The lower time frame suggests that the $1.20 level may be the bearish correction target and potential area where bulls will look to buy the XTZ/USD pair.

The daily time frame is still extremely bullish and shows that the cryptocurrency could surge in value once the price crosses above the $2.00 level. A break above $1.70 should secure a test of the $2.00 level.

Looking at the overall upside objective for the XTZ/USD pair over the medium-to-long term, the inverted head and shoulders pattern on the daily and weekly time frames both point to the $3.70 area as a potential target.

The Relative Strength Index on the weekly time frame is bullish and holding well-above 60, while the MACD indicator is extremely bullish.

 

XTZ/USD H4 Chart by TradingView Upside Potential

The four-hour time frame shows that key technical resistance is now located at the $1.65 and $1.70 levels.

Key technical resistance over the medium-term is located at the $2.00 and $2.30 levels.

 

XTZ/USD Daily Chart by TradingView Downside Potential

The four-hour time frame is showing that the XTZ/USD pair has strong medium-term technical support around the $1.40 and $1.20 levels.

Critical long-term technical support for Tezos is located at the $1.00 support level.

Summary

Tezos is one of the few top 20 cryptocurrencies remaining consistently bullish despite the broader market decline, though signs of short-term exhaustion should be taken into consideration.

Both the four-hour and daily time frames are showing that a breakout above the $2.00 level could cause the XTZ/USD pair to surge in value even more.

 

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Tezos (XTZ) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $1.0795
Капитализация $0 Rank 99999
Цена в час новости $ 1.1657 (-100%)

tezos trading time bullish frame continuous analysis

tezos trading → Результатов: 84


Tezos Price Analysis XTZ / USD: Battlefield

Tezos gives back recent trading gains and trades down nearly ten percent Short-term technical analysis shows a bearish head and shoulders pattern The daily time frame shows a large inverted head and shoulders pattern Tezos is coming under pressure in early week trading after giving back its recent trading gains and falling by over ten […] The post Tezos Price Analysis XTZ / USD: Battlefield appeared first on Crypto Briefing.

2019-9-10 15:50


Tezos Price Analysis XTZ / USD: Jump Start

Tezos has a bullish short-term bias, with the XTZ / USD pair recovering to its highest trading level since May 2019 The four-hour time frame shows that bulls are trying to invalidate a bearish pattern The daily time frame shows that a bullish breakout is currently underway Fundamental Analysis XTZ spiked after Coinbase announced integration […] The post Tezos Price Analysis XTZ / USD: Jump Start appeared first on Crypto Briefing.

2019-8-9 16:04


Tezos Price Analysis XTZ / USD: Uncertain Gains

Tezos has a bearish short-term bias, with the XTZ / USD pair still trading under its 200-period moving average on the four-hour time frame The four-hour time frame continues to show a large head and shoulders pattern The daily time frame is conflicted with both valid bullish and bearish patterns forming Tezos / USD Short-term […] The post Tezos Price Analysis XTZ / USD: Uncertain Gains appeared first on Crypto Briefing.

2019-7-3 16:51


Tezos Price Analysis XTZ / USD: Turbulent Climb

Tezos has a bearish short-term bias, with the XTZ / USD pair trading below its 200-period moving average on the four-hour time frame The four-hour time frame continues to show a bearish head and shoulders pattern The daily time frame shows that price is testing the neckline of a large inverted head and shoulders pattern […] The post Tezos Price Analysis XTZ / USD: Turbulent Climb appeared first on Crypto Briefing.

2019-6-7 16:20


Tezos Price Analysis XTZ / USD: Avoiding The Greecey Pole

Tezos has a bullish short-term bias, with the XTZ / USD pair trading close to the best levels of the year so far The four-hour time frame shows that buyers have invalidated a large head and shoulders pattern The daily time frame shows that the large inverted head and shoulders pattern has now been triggered […] The post Tezos Price Analysis XTZ / USD: Avoiding The Greecey Pole appeared first on Crypto Briefing.

2019-5-18 16:43


XTZ / USD Price Analysis: Continuing Ascent

Tezos has a strong short-term bullish bias, with the XTZ / USD pair continuing to make bullish higher highs The XTZ / USD pair also has a bullish medium-term trading bias A large inverted head and shoulders pattern is present across the daily time frame XTZ / USD Short-term price analysis Tezos has a bullish […] The post XTZ / USD Price Analysis: Continuing Ascent appeared first on Crypto Briefing.

2019-4-23 17:03


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Tezos был добавлен на криптовалютную биржу Kraken

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2018-10-16 09:11