XTZShort
TEZOS Pulling back on MACD bearish reversal.
XTZUSD has been one of the better performing crypto coins in recent months but at the moment is on a lower high on the 1D chart and is something to be mindful of.
Levels to watch:
- The 1.8800 Resistance which has been holding since May 2019 and where just recently (December) the price made a double top at.
- The Golden Cross that took place in December.
- The MACD is turning bearish on a sequence similar to September.
Projection:
- The current pull back is forming a Channel Down with last week's high being its lower high. We are expecting a decline towards the 1.0800 level which is Support of the last consolidation phase (November).
If you like this idea give us a like, follow and share your thoughts in the comments section below. Remember to stay tuned for future technical analysis , news, updates, and more from PrimeXBT!
Levels to watch:
- The 1.8800 Resistance which has been holding since May 2019 and where just recently (December) the price made a double top at.
- The Golden Cross that took place in December.
- The MACD is turning bearish on a sequence similar to September.
Projection:
- The current pull back is forming a Channel Down with last week's high being its lower high. We are expecting a decline towards the 1.0800 level which is Support of the last consolidation phase (November).
If you like this idea give us a like, follow and share your thoughts in the comments section below. Remember to stay tuned for future technical analysis , news, updates, and more from PrimeXBT!
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.