Tezos is currently trading at $0.23 right above a critical support level. The digital asset is bounded inside a symmetrical triangle pattern that awaits a clear breakout or breakdown within the next 24 hours.
Tezos price (XTZ) needs to hold this crucial support level to avoid a major pullback.
XTZ has established a symmetrical triangle pattern on the four-hour chart with the lower boundary located at $0.23. A breakdown below this point would quickly drive Tezos price towards a price target of $1.9.
XTZ/USD 4-hour chart
On the other hand, bulls have defended another significant support level in the form of the 200-SMA (Simple Moving Average) on the four-hour chart.
If Tezos price can rebound from this point, it can quickly jump towards the upper trendline of the pattern.
XTZ/USD four-hour chart
A breakout from the triangle would drive Tezos price towards a price target of $2.63 which almost coincides with the 0.236 Fibonacci (Fib) retracement level at $2.69.
The 0.5 Fib level at $2.51 is another potential price target.
09 Dec 2020, 11:45 を編集しました
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
古いコメントはありません。ソファをつかむ最初のものになりましょう。