Will Tezos (XTZ) Resume Its Upward Movement? – BeInCrypto

Will Tezos (XTZ) Resume Its Upward Movement? – BeInCrypto

XTZ has broken out from a descending resistance line

There is resistance and support at $3.2 and $2.75, respectively.

The price is possibly completing a correction inside a symmetrical triangle.

On July 12, the Tezos (XTZ) price broke out from a long-term descending resistance line. It has been declining since, however, it did validate the support line and has possibly set itself up for a continuation of the upward move. Descending Resistance Breakout The Tezos price had been following a descending resistance line that formed on February 19. The price broke out from this line

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Valdrin Tahiri

Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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