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  • XTZ/USD bulls have stayed in control for four straight days.
  • William’s %R is trending horizontally around -4.80 in the overbought zone. 

XTZ/USD daily chart

XTZ/USD daily chart

XTZ/USD bulls have stayed in control for four straight days. The price has gone up from $4.256 to $4.33 in the early hours of Tuesday, as consolidation continues above $4.30. 

William’s %R is trending horizontally around -4.80 in the green zone and XTZ/USD is hovering above the 20-day Bollinger Band. Both these indicators show that the price is presently overvalued and may face short-term bearish correction soon.

XTZ/USD has healthy support levels at $3.25, $3.19 (SMA 20), $3.05, $2.876 (SMA 50) and $2.79. The Elliott Oscillator has had nine straight bullish sessions of increasing intensity.