Crypto Technicals: Tezos slips below 21-EMA, bearish divergence keeps scope for weakness

XTZ/USD chart - Trading View

Exchange - Kraken

Support: 1.3223 (55-EMA); Resistance: 1.5911 (20-DMA)

Technical Analysis: Bias Bearish

Tezos extends weakness below 21-EMA, bias bearish.

Bearish divergence on RSI and Stochs keeps scope for further downside.

RSI has slipped below the 50 mark and biased lower. Stochs are sharply lower.

The pair is holding support at 4H 200-SMA at 1.42. Break below will see weakness.

Next major bear target lies at 1.3223 (55-EMA). Further weakness eyes cloud top at 1.1856.

Retrace above 20-DMA (1.5911) negates bearish bias.

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