Tezos (XTZ)

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

Azeez Mustapha
July 21, 2019

On May 20, the bulls were resisted at the $1.800 price level.
The price of Tezos was below the moving averages indicating that the price is falling.

XTZ/USD Long-term Trend: Bearish

Resistance levels: $1.6000, $1.8000, $2.0000
Support levels: $1.2000, $1.0000, $0.8000

The XTZ/USD pair was still in a downward correction. On May 20, the bulls were resisted at the $1.800 price level. The 12-day EMA and the 26-day EMA are trending southwardly. The price of Tezos was below the moving averages indicating that the price is falling. The crypto’s price is below the 12-day EMA and the 26-day EMA which suggest that price may further depreciate. On July 1, the price of Tezos fell to a low of $0.91800 and commenced a bullish trend above the EMAs.

The bulls break the EMAs but were resisted at the bullish trend zone. On July 16, the price fell to the low at $0.008500 and made an upward move. Today, the price of Tezos is now in a bullish trend. The stochastic is in the overbought region but below the 20% range which indicates that the price of Tezos is in a bearish momentum and a sell 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.

Azeez Mustapha

Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.