• In retrospect, the XTZ/USD pair had risen to a high of $1.800 overhead resistance in the previous month.
• The crypto is making a series of higher highs and higher lows.

XTZ/USD Medium-term Trend: Bullish

• Resistance Levels: $1.20, $1.25 ¸ $1.30
• Support levels: $1.15, $1.10, $1.05

Yesterday, July 2, the price of Tezos was in a bullish trend. In retrospect, the XTZ/USD pair had risen to a high of $1.800 overhead resistance in the previous month. However, on May 19, the bulls were resisted and XTZ market fell and was on a downward correction to a low at $1.2113 price level. Today, the price of Tezos is now in a bullish trend.

The crypto is making a series of higher highs and higher lows. A bullish trend line is showing the support levels of price where traders can initiate long trades. A bullish trend is said to be ongoing if the trend line is unbroken.

On the other hand, a bullish trend is said to be terminated if the trend line is broken and another confirmation candlestick is closed on the opposite of it. Meanwhile, the price of Tezos  has reached the overbought region of the daily stochastic but above 20% range. This indicates that price is in a bullish momentum and a buy signal.

XTZ/USD Short-term Trend: Bullish

On the 1-hour chart, the XTZ price is in a bullish trend. The 12-day EMA and 26-day EMA are trending northward.The crypto’s price is also in a smooth uptrend. Meanwhile, the price of Tezos is has reached the overbought region of the daily stochastic but above 80% range. This indicates that price is in a 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.