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Crypto Technicals: XTZ/USD consolidates 200-DMA break, finds little support till 0.66

XTZ/USD chart - Trading View 

Exchange - Kraken

Support: 0.82 (Apr 4 low); Resistance: 0.8849 (200-DMA)

Technical Analysis: Bias Bearish

Tezos has resumed downside after brief consolidation below 200-DMA.

Technical indicators are biased lower and there is little support till 0.66.

RSI is well below 50 and biased lower. Momentum with the bears. Volatility is rising.

MACD is showing a bearish crossover on signal line and ADX is rising in support of the downtrend.

Price action has broken below 61.8% Fib retracement and is on track to test 78.6% Fib at 0.6608.

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
 

By Anupama Grandhi
  • Market Data
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