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Weekly forecast Tezos technical chart
Symbol XTZUSD

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateAugust 10, 2022 - 12:48
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.195, beginning of uptrend is expected.
  • We make sure when the resistance at 2.850 breaks.
  • If the support at 1.195 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 68 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 1.945 on 08/08/2022, so more losses to support(s) 1.475 and minimum to Major Support (1.195) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 57.

Symbol Released Current Forecast
Tezos (XTZUSD) free Fri, 22 Mar 2024
Tezos (XTZUSD) free Sun, 10 Mar 2024
Tezos (XTZUSD) free Mon, 4 Mar 2024
Tezos (XTZUSD) Sun, 25 Feb 2024
Tezos (XTZUSD) Tue, 20 Feb 2024