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Weekly forecast Tezos technical chart

Trading suggestion:

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

DateMarch 19, 2023 - 14:18
Currentrange bound
Forecastcontinuation of uptrend

Midterm forecast:

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

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 0.955 on 03/10/2023, so more gains to resistance(s) 1.265 and maximum to Major Resistance (1.490) 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 55.

Symbol Released Current Forecast
Tezos (XTZUSD) Tue, 16 Apr 2024
Tezos (XTZUSD) Sat, 6 Apr 2024
Tezos (XTZUSD) free Fri, 22 Mar 2024
Tezos (XTZUSD) free Sun, 10 Mar 2024
Tezos (XTZUSD) free Mon, 4 Mar 2024