- Tezos is on a tear and has made new all time highs.
- The price might now look at Fibonacci extensions for resistance.
XTZ/USD Daily
Tezos is trading 12% higher today pushing beyond most of the major cryptos.
Now we are at all-time highs it’s hard to know where you can find the next resistance.
Fib projections might be one theory. It is surprising how often they work,
The 138.2% and 161.8% fib extensions on the daily chart below have matched up pretty close together.
Between 2.20 and 2.30 there is a space where the price may find some resistance.
Keep an eye on price action at these levels for clues but for now, the bulls are clearly in charge.
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