Technical Analysis for XTZUSD for 24th November 2022
Tezos Down 33% in 3 Weeks, XTZ Under Pressure
Past Performance of XTZ
Tezos Technical Analysis
As an illustration, XTZ is down 33 percent from November peaks and 52 percent lower from Q3 2022 high. Accordingly, sellers are in a commanding position. Therefore, for Tezos bulls to shake off adamant sellers, there must be a decisive close above $1.05 in the short term and $1.20, reversing November 9 losses in the medium term. As long as XTZ prices are below $1.05, sellers can unload on dips, targeting $0.90 and $0.80—or September 2019 range.
What to Expect from XTZ
Down roughly 90 percent from the 2021 high, Tezos sellers have unwound all gains of 2021 and 2020. Prices are now at 2019 ranges with a bleak outlook considering the relentless wave of lower lows.
Resistance level to watch: $1.05
Support level to watch: $0.90
Disclaimer: Opinions expressed are not investment advice. Do your research.
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.