Tezos Price Prediction: Long-term (XTZ) Value Forecast – March 30

MainNet-to-Finally-Launch-by-Tezos-XTZ-Token-Crypto-Network-on-September-17
  • On the upside, if price retraces and falls to the support of the 12-day EMA, the crypto’s price is likely to rise.
  • On the other hand, if the price fell below the EMAs, the crypto’s price will resume a downward trend.

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 is in a bullish trend. In retrospect, the price of Tezos had been in a range bound movement since December 2018. The crypto’s price was ranging above the $0.40 price level. On March 16, the bulls had a bullish trend. The bulls reached a high of $0.82 and were resisted.

The crypto’s price fell to the support of the 12-day EMA. The bulls commenced another bullish trend and it reached a high of $0.90 but were resisted again. The crypto’s price is retracing now from the recent high. On the upside, if price retraces and falls to the support of the 12-day EMA, the crypto’s price is likely to rise.

On the other hand, if the price fell below the EMAs, the crypto’s price will resume a downward trend. Meanwhile, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. 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 Biedex.com and do not constitute financial advice. Always do your own research.

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