Cryptoknowmics
2022-05-03 18:50:11

Tezos at new 2022 Lows, XTZ Risks Falling to $1.7

Tezos (XTZ) is down 12 percent in the previous trading in a bear breakout formation. The coin may slide to $1.7 if sellers double down. Past Performance of Tezos Tezos token prices are trending at new 2022 lows when writing, sliding, and trailing resurgent USDT bulls. At spot rates, XTZ is stable on the previous trading day but down 12 percent in the past week of trading. As per the set up in the daily chart, sellers are in a commanding position as the token is pinned within a bear breakout formation. Tezos Technical Analysis The path of least resistance is defined—southwards. Albeit flashes of fading strength from time to time, sellers are in control. XTZ crypto is within a bear breakout formation below Q1 2022 lows from the daily chart. The wide-ranging, bearish engulfing bar of April 30 leads the current price action. As long as sellers are below $3, traders may search for entries on every pullback towards the resistance level. The first target stands at the 1.618 Fibonacci extension level of theQ1 2022 trade range at $1.7. What to Expect from XTZ Token? The XTZ coin is within a bear breakout formation, clearing $3 and below the middle BB. As bear bars band along the lower BB, prices are stretched. If sellers press, XTZ may snap to $1.7 in a bear trend continuation pattern.The post Tezos at new 2022 Lows, XTZ Risks Falling to $1.7 first appeared on Cryptoknowmics-Crypto News and Media Platform.The post Tezos at new 2022 Low...

获取加密通讯
阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约