Tezos is trading just above flat after the 1.80 area was rejected. There is a chart pattern to watch on the chart below and a break could help determine the future direction. XTZ/USD 4-hour chart Tezos is trading just slightly higher today as some of the majors struggle in a weak session for the crypto world. Since February 19th the price has fallen a massive 58% or so leaving a massive downtrend in place. More recently the market has started to make higher lows and the pair avoided trading below parity. Since then the price has converged into a triangle formation as the move recent trend made lower highs and higher lows. The pair is now heading toward the apex of the pattern after a false breakout when the price rejected the 1.80 resistance zone. It was then the whole of the crypto market caught a bid and then pared those gains. Currently, the price is testing the 55 4-hour EMA and it seems to be acting as a support zone for now. The zone does confluence with the 1.60 psychological level which has been used in the past. Looking forward, a break of this pattern could be significant so keep it in your charts as a reference point. 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 Crypto Today: Bitcoin bulls need a critical closure above $7000 FX Street 2 years Tezos is trading just above flat after the 1.80 area was rejected. There is a chart pattern to watch on the chart below and a break could help determine the future direction. XTZ/USD 4-hour chart Tezos is trading just slightly higher today as some of the majors struggle in a weak session for the crypto world. Since February 19th the price has fallen a massive 58% or so leaving a massive downtrend in place. More recently the market has started to make higher lows and the pair avoided trading below parity. Since then the price has converged into a triangle… 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.
