What's up Guys , in this analysis I gonna talk about TEZOS!
As we see on the WEEKLY timeframe for XTZ/USDT ,since it has reached highest price $9.171 ,
it hasn't successful to rise again and record a new ATH ,now by retracement of last bullish wave ,it recently reached
to 0.236 fibo level , after its recent downfall tried to close above pivot zone but the selling
pressure pulled it back below this range which is now a resistance zone , but its still above
its strong support zone and can have a growth to higher resistance levels and even top ascending trend line .
but otherwise in view point of price action, if it not be able to maintain current support level and trendline ,
it maybe drop again to lower support area . in another case maybe being in side way for while ,
and fluctuate between higher and lower volume ranges zone .
๐resistance level: $6.42 -$6.7/// 5.2$-5.55$///trenline
๐pivot zone: $4.2-4.4$
โ๏ธsupport levels: $2.8-3.2$///$2-$2.18///$1.456///trenline
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses PLZ follow me and give a big thumbs ๐ OR drop comment ๐ฏ๐ญ
As we see on the WEEKLY timeframe for XTZ/USDT ,since it has reached highest price $9.171 ,
it hasn't successful to rise again and record a new ATH ,now by retracement of last bullish wave ,it recently reached
to 0.236 fibo level , after its recent downfall tried to close above pivot zone but the selling
pressure pulled it back below this range which is now a resistance zone , but its still above
its strong support zone and can have a growth to higher resistance levels and even top ascending trend line .
but otherwise in view point of price action, if it not be able to maintain current support level and trendline ,
it maybe drop again to lower support area . in another case maybe being in side way for while ,
and fluctuate between higher and lower volume ranges zone .
๐resistance level: $6.42 -$6.7/// 5.2$-5.55$///trenline
๐pivot zone: $4.2-4.4$
โ๏ธsupport levels: $2.8-3.2$///$2-$2.18///$1.456///trenline
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses PLZ follow me and give a big thumbs ๐ OR drop comment ๐ฏ๐ญ
