Crypto Technicals: XTZ/USD consolidates 200-DMA break, finds little support till 0.66
Wed, 17 Jul 2019, 12:44 pm UTC
XTZ/USD chart - Trading View
Exchange - Kraken
Support: 0.82 (Apr 4 low); Resistance: 0.8849 (200-DMA)
Technical Analysis: Bias Bearish
Tezos has resumed downside after brief consolidation below 200-DMA.
Technical indicators are biased lower and there is little support till 0.66.
RSI is well below 50 and biased lower. Momentum with the bears. Volatility is rising.
MACD is showing a bearish crossover on signal line and ADX is rising in support of the downtrend.
Price action has broken below 61.8% Fib retracement and is on track to test 78.6% Fib at 0.6608.
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