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XTZ/USD Long-term Trend: Ranging
- Resistance levels: $1.2000, $1.3000, $1.4000
- Support levels: $0.4000, $0.3000, $0.2000
The XTZ/USD pair had been in a sideways trend at the beginning of January 2019. In the first week, the crypto's price was fluctuating above the $0.4887 price level. In the second week, January 10, the bears broke the 12-day EMA, the 26-day EMA and price fell to the low of $0.4556. The crypto's price further depreciated to the low of $0.3944 price level.
Nevertheless, the crypto's price is now making a bullish movement towards the exponential moving averages. Meanwhile, the stochastic indicator is out of the oversold region but above the 20% range. This indicates the price of Tezos is in a bullish momentum and a buy signal. The crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone.
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