Tezos trades 5% lower after Wednesday’s strong push higher. The price has bounced off the 61.8% Fibonacci resistance zone. XTZ/USD daily chart Tezos has fallen around 5% on Wednesday after pushing 6.72% in the previous session. The price bounced off the 61.8% Fibonacci level and is now pushing lower. The interesting thing about the move is the fact that the price spiked up to the 3.00 psychological level. This may be where sell orders were lying in wait to bank some profits. Looking closer at the technicals now, the price is still trading above the 55 and 200 period moving averages. This is considered a bullish sign as the trend is still pointing in the right direction. The relative strength index indicator is also in a positive zone. It can be considered to be overbought here but this could just mean a small retracement is on the cards until the underlying trend prevails. 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 Wall Street Close: Benchmarks wilted into month-end FX Street 3 years Tezos trades 5% lower after Wednesday's strong push higher. The price has bounced off the 61.8% Fibonacci resistance zone. XTZ/USD daily chart Tezos has fallen around 5% on Wednesday after pushing 6.72% in the previous session. The price bounced off the 61.8% Fibonacci level and is now pushing lower. The interesting thing about the move is the fact that the price spiked up to the 3.00 psychological level. This may be where sell orders were lying in wait to bank some profits. Looking closer at the technicals now, the price is still trading above the 55 and 200 period moving averages. This is… 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.
