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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.

DateMarch 12, 2023 - 11:50
Currentrange bound
Forecastcontinuation of downtrend

Midterm forecast:

  • While the price is below the resistance 1.490, continuation of downtrend is expected.
  • We make sure when the support at 0.700 breaks.
  • If the resistance at 1.490 is broken, the short-term forecast -continuation of downtrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 1.490 on 02/23/2023, so more losses to support(s) 0.910 and minimum to Major Support (0.700) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 38.

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