Tezos Price Prediction: Long-term (XTZ) Value Forecast – April 20

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Tezos Price Runs Above $1 XTZ/USD For the First Time In A Long Time, Can It Go Higher?
  • The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.
  • On the upside, if the bulls break the $1.4000 resistance level, the price will rise to reach the previous highs of $1.6000 and $1.8000.

XTZ/USD Long-term Trend: Bullish

  • Resistance levels: $1.2000, $1.3000, $1.4000
  • Support levels: $0.4000, $0.3000, $0.2000

The XTZ/USD pair was in a bullish trend since March 10. The crypto’s price is making a series of higher highs and higher lows. The bulls have reached the previous high of $1.4000 and the bulls were resisted. A trend line has been drawn to determine technically the resistance of the bullish trend. From the daily chart, a bearish candlestick has broken the trend line and another closing after it. From the price action, it is assumed that the bullish trend has been terminated. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

On the upside, if the bulls break the $1.4000 resistance level, the price will rise to reach the previous highs of $1.6000 and $1.8000. On the other hand, if the bulls fail to break the resistance level, the price will fall or commenced a range bound movement. The stochastic is in the overbought region but above the 80% range which indicates that the price of Tezos is in a strong bullish momentum and a buy signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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