Tezos Outlook: Stable with room to grow XTZUSD

25 Jan 2020

Here's what I see playing out in the upcoming days for Tezos. We have a strong confluence of support with the 50 day moving average, horizontal resistance turned support, top of the Kumo cloud, AND the tenkan-sen all converging in the lower to mid $1.40 range. I strongly doubt we break below these levels as that's an enormous amount of support converging. Once we start moving up again a bullish trend would be further confirmed with a TK cross above the Kumo. I'd expect that to be the push that moves us up to and beyond previous ATHs and into price discovery territory.

Cheers!