Tezos Technical Analysis: XTZ/USD bulls retain control and aim to take price above $2.60 psychological level

XTZ./USD bulls remained in control for the second straight day

Tezos Technical Analysis: XTZ/USD bulls retain control and aim to take price above $2.60 psychological level

XTZ/USD daily chart

XTZ/USD has gone up from $2.542 to $2.58, as the bulls remained in charge for the second consecutive day. The Elliott Oscillator has had six straight green meetings, demonstrating that the market conclusion is at present bullish. William's %R hopes to crawl back inside the overbought zone, which could trigger a momentary bearish adjustment. 

Backing and Resistance 

XTZ/USD bulls will need to vanquish opposition at $2.657 (SMA 50) to proceed with upward force. On the drawback, it is all around upheld at $2.504, $2.48 (SMA 20) and $2.43.