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Tezos prices are inside a bear flag amid a double bottom with support at $2.8. A close above the neckline may spark another wave of higher highs towards February 2022 peaks. Past Performance Tezos is inside a descending triangle, printing higher highs with a solid base at $2.8. Based on the formation in the daily chart, the path of least resistance is downwards from a top-down analysis. However, since there have been decent gains in the past few weeks, buyers may close above $3.7 and the upper trend line of the wedge for another leg up. Tezos Technical Analysis The XTZ price is inside a descending wedge with support at around $2.8. While there are higher highs, the Tezos coin could break above the double bottom neckline at $3.7 in a possible bullish breakout pattern as XTZ bottoms up. Ideally, the close above $3.7 should have high trading volumes in line with gains of February 28, confirming buyers. A close above the descending triangle could be the foundation of another leg up towards February 2022 highs of $4.5. What to Expect of Tezos Tezos is in range mode with caps at $2.8 and $3.7 inside a descending triangle. There is a double bottom, signaling possible strength. Despite confident traders, the coin is in bearish territory, provided prices are inside the bear flag.

The post Tezos (XTZ) inside a Bear Flag, Immediate Resistance at $3.7 appeared first on Cryptoknowmics-Crypto News and Media Platform.

Ethereum’s price risks dropping to below $2000 with a bear flag as the bearish outlook appeared against the backdrop of the FED tightening policies as we are reading more today in our latest ethereum news today. Ethereum’s price risks dropping below $2000 and will extend its 30% slump this year to the lowest price level […]