Tezos price broke out of a descending triangle pattern on the 12-hour chart. Bitcoin hit a new all-time high dragging the market with it. Tezos broke out of a descending triangle pattern on December 13 and has seen a lot of continuation in the past 24 hours, mostly thanks to Bitcoin’s bullish action. The digital asset aims to hit $2.7 in the long-term. Tezos price faces very little resistance on its way to $2.7 The breakout of the descending triangle pattern on the 12-hour chart gives bulls a price target of $2.7. Bitcoin finally managed to crack the huge resistance level at $20,000 for the first time ever and the entire cryptocurrency market turned bullish. XTZ/USD 12-hour chart Tezos also experienced a significant spike in trading volume in the past 24 hours which indicates the bullish breakout has a lot of strength. However, there are some short-term bearish signs. XTZ Trading Volume chart On the 12-hour chart, the TD Sequential indicator presented a sell signal that can still get validated within the next 24 hours. So far Tezos price has remained above the 26-EMA, which is a strong support level. XTZ/USD 12-hour chart A breakdown below the 26-EMA would be confirmation of the sell signal and can push Tezos price as low as the psychological level at $2 in the longer-term. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Fed Economic Projections: GDP to contract by 2.4% in 2020 vs. 3.7% in September’s forecast FX Street 2 years Tezos price broke out of a descending triangle pattern on the 12-hour chart. Bitcoin hit a new all-time high dragging the market with it. Tezos broke out of a descending triangle pattern on December 13 and has seen a lot of continuation in the past 24 hours, mostly thanks to Bitcoin’s bullish action. The digital asset aims to hit $2.7 in the long-term. Tezos price faces very little resistance on its way to $2.7 The breakout of the descending triangle pattern on the 12-hour chart gives bulls a price target of $2.7. Bitcoin finally managed to crack the huge resistance… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
