XTZ/USD chart - Trading View
Exchange - Bitfinex
Support: 1.1659 (21-EMA); Resistance: 1.3544 (61.8% Fib)
Technical Analysis: Bias turning bearish
- Tezos exhibits volatile trade, slumps in tanden with BTC weakness
- XTZ/USD dives 12.5% on the day, trades at 1.27 at 1050 GMT
- Bearish divergence seen on RSI and Stochs, 5-DMA is showing a turn
- Stochastics RSI has signalled overbought conditions for the RSI oscillator
- Price action has slipped below 1H 200-SMA support, further weakness likely
- Pair eyes 21-EMA at 1.1659, further weakness likely on break below
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.