henryartem

XTZ at $1.66 as bullish momentum inflates

henryartem Updated   
COINBASE:XTZUSD   Tezos / United States Dollar
Tezos price analysis shows a bullish bias trend
XTZ prices have sought support at $1.64
Resistance for XTZ is present at $1.74
Tezos price analysis is bullish , with the XTZ/USD pair rising to the $1.69 level. The price action recently created a bullish engulfing candlestick pattern, which indicates that the bears are losing control. Currently, the price is just below the channel’s upper boundary at $1.74. A breakout above this level could see Tezos target the next resistance level at the $2.00 level. On the other hand, a failure to move past $1.74 may see the price pull back to test support at the $1.64 mark.

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