This website uses cookies to ensure you get the best experience on our website

Technical Analysis for XTZUSD for 9th December 2021

Tezos Soars 70%, XTZUSDT Springing Back from $3.5

Past Performance of Tezos

The Tezos coin is one of the top crypto performers. From the daily chart, XTZ is up 70 percent from recent lows, following Ubisoft releasing the first NFT game on the self-amending Platform.

What to Expect of Tezos

There is a bullish divergence pattern in the XTZUSDT daily chart. 

The bullish engulfing bar of December 7 printing from around last week's highs may spark more demand in the days to come. 

Based on the XTZ technical analysis, traders may search for entries in lower time frames as long as prices trend above $3.5.

Tezos Technical Analysis

The Tezos coin remains in consolidation following the bear breakout pattern of late October 28. 

Even so, with the indicator of strength, traders may actively load the dips above $3.5, aligning themselves with bulls of December 7. 

In that case, the first feasible target is at $8.5—October 2021 highs. 

An unexpected dip below $3.5 invalidates bulls, paving the way for November sellers whose targets lie at H2 2021 lows of around $2.

Resistance level to watch: $8.5

Support level to watch: $3.5

Disclaimer: Opinions expressed are not investment advice. Do your research.

For more interesting tips and facts visit our Education Centre.

Have Questions? 

We're available 24/7 to help you. You can email us, or send us a message on WhatsApp, Telegram or Messenger!

Risk Disclosure: Trading cryptocurrencies or any other financial instrument involves a significant level of risk and may result in a total loss of your investment. You should consider carefully whether investing in Bitcoin or any other instrument offered by CryptoAltum is appropriate to your financial situation. CryptoAltum only accepts deposits in Cryptocurrencies. By trading with CryptoAltum you acknowledge your understanding of this risk disclosure and your agreement with the Terms and Conditions.

This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.

CryptoAltum does not accept any clients under the age of 18. 
  • Copyright Techcraft Ltd (CryptoAltum) 2020