Looking bullish Q1 22
Moving averages are among the most popular Tezos price prediction tools. As the name suggests, a moving average provides the average closing price for XTZ over a selected time period. For example, a 12-day simple moving average for XTZ is a sum of XTZ’s closing prices over the last 12 days which is then divided by 12. In addition to the simple moving average (SMA), traders also use the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.
50-day, 100-day and 200-day moving averages are among the most commonly used indicators to identify important resistance and support levels. If the XTZ price moves above any of these averages, it is generally seen as a bullish sign for Tezos. Conversely, a drop below an important moving average is usually a sign of weakness in the XTZ market.
Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the XTZ price.
Tezos is most positively correlated with ChainLink (LINK), PancakeSwap (CAKE), VeChain (VET), Cardano (ADA) and Chiliz (CHZ). Positive correlation means that these coins commonly trend in the same direction at the same time. Tezos is most negatively correlated with UNUS SED LEO (LEO), XinFin Network (XDC), Celsius Network (CEL), IOTA (MIOTA) and xSUSHI (XSUSHI), which means that the Tezos price typically moves in the opposite direction compared to these coins.
According to our current Tezos price prediction, the value of Tezos will rise by 28.80% and reach $ 5.72 by January 5, 2022. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing Fear. Tezos recorded 15/30 (50%) green days with 8.66% price volatility over the last 30 days. Based on our Tezos forecast, it's now a bad time to buy Tezos.
Disclaimer: This is not investment advice. The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
50-day, 100-day and 200-day moving averages are among the most commonly used indicators to identify important resistance and support levels. If the XTZ price moves above any of these averages, it is generally seen as a bullish sign for Tezos. Conversely, a drop below an important moving average is usually a sign of weakness in the XTZ market.
Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the XTZ price.
Tezos is most positively correlated with ChainLink (LINK), PancakeSwap (CAKE), VeChain (VET), Cardano (ADA) and Chiliz (CHZ). Positive correlation means that these coins commonly trend in the same direction at the same time. Tezos is most negatively correlated with UNUS SED LEO (LEO), XinFin Network (XDC), Celsius Network (CEL), IOTA (MIOTA) and xSUSHI (XSUSHI), which means that the Tezos price typically moves in the opposite direction compared to these coins.
According to our current Tezos price prediction, the value of Tezos will rise by 28.80% and reach $ 5.72 by January 5, 2022. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing Fear. Tezos recorded 15/30 (50%) green days with 8.66% price volatility over the last 30 days. Based on our Tezos forecast, it's now a bad time to buy Tezos.
Disclaimer: This is not investment advice. The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
Disclaimer
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