Tezos Price Analysis: XTZ/USD has broken the psychological 3.00 level despite being lower on the session
|- Despite trading 0.34% lower on Thursday XTZ/USD is holding above the 3.00 area.
- There is a resistance level at 3.06 that has been pretty strong in the past.
XTZ/USD daily chart
Tezos is trading in an uptrend at the moment and the price has printed above the red resistance zone. The 3.06 resistance has been used to good effect in the past and the market turned there on 30th April.
The pair is also trading above both moving averages (55 and 200) which is a bullish sign. The Relative Strength Index indicator is also looking positive above the 50.00 level and there is some space to move to the upside. The MACD is also looking positive as the histogram has turned green and the signal lines are still above the mid-point.
 (3)-637268932921266780.png){kind=link}
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.