TEZOS slipped below $1 forming a deep bearish candle and hits fresh 52 week low at $0.825
RSI at 28 entered oversold whereas MACD generated negative crossover
TEZOS Prices had broken down its monthly low at $0.912 which triggered the downside momentum and forming lower lows bearish pattern. As per coinglass, XTZ/USDT 24 hour long build up stood at 17.19M (46.41%) and short stood at 19.83M (53.60%) indicates sellers’ dominance are more as compared to buyers. As of now, in current intraday session XTZ is trading positive with the gains of 1.67% and 24 hour volume to market cap ratio stood at 0.0353
What chart is revealing ?
Source : XTZ/USDT daily chart by Tradingview
On a higher time frame,TEZOS Price had been very stable and had been consolidating in the range between $1.203 to $2.033 but slowly and steadily it is creating lower low swings after facing resistance at falling trendline indicates trendline will act as a strong hurdle for bulls.
In November, due to an unfavorable envi
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