Tezos Price Analysis: Still on the rise

Tezos is one of the better performing cryptocurrencies this month.
The price continues to make higher high and higher low waves.

Rajan Dhall, MSTA FX Daily

Tezos Daily Chart

The Tezos price chart could not look more different from the other crypto majors at the moment.

For one, it is in an uptrend. Looking at the price now and there is a clear target of the previous high at 1.8461.

The support levels have been working well as the latest wave low bounced off the 1.6530 previous wave high.

There could be a consolidation now but the key level for the bulls is 1.8401 as it would take out the previous wave high.

Tezos Hourly Chart

The hourly chart has just broken the bull flag higher.

Now we need to see if there is a pattern retest.

1.740 is the level for the shorter term bulls to take out as it will create a new higher high - higher low formation.

1.65 is the new support on the hourly chart to keep an eye on demand if the price gets that low once again.

Author

Rajan Dhall, MSTA

FX Daily

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

XRP steadies in narrow range as fund inflows, futures interest rise

Ripple is trading in a narrow range between $1.45 (immediate support) and $1.50 (resistance) at the time of writing on Monday. The remittance token extended its recovery last week, peaking at $1.67 on Sunday from the weekly open at $1.43.

Crypto Today: Bitcoin, Ethereum, XRP trade within range amid low retail interest

Bitcoin, Ethereum and Ripple continue to exhibit subdued volatility, consolidating within narrow ranges at the time of writing on Monday. Persistent low retail participation and weak technical structures limit the chances of any extended upside price movements.