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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 25, 2023 - 13:58
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 peak is formed in daily chart at 1.270 on 03/20/2023, so more losses to support(s) 1.040, 0.955 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 48.

Symbol Released Current Forecast
Tezos (XTZUSD) Mon, 10 Jun 2024
Tezos (XTZUSD) Sun, 2 Jun 2024
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Tezos (XTZUSD) Sun, 19 May 2024
Tezos (XTZUSD) Sun, 12 May 2024