fxstreet.com 11 Feb, 2021 13:45 am

XTZ is a whisker from all-time highs as technicals remain exceptionally strong

Tezos is relentless in the fight for all-time highs and perhaps the opportunity to set a historical record. The resistance discussed at $3.5 has been

The daily chart highlights the formation of a golden cross pattern, implying that Tezos uptrend is intact.Although the recovery journey has been steady, the most significant price action occurred after Tezos stepped above all the three moving averages, the 100 Simple Moving Average, the 50 SMA, and the 200 SMA on the daily chart.XTZ/USD daily chart The same daily chart illustrates a golden cross pattern, which is a crucial bullish indicator.Looking at the other side of the fence The TD Sequential indicator has recently flashed a sell signal on the daily chart.

XTZ/USD daily chart If validated, Tezos could fall in one to four daily candlesticks.Short term analysis reinforces the bullish scenario as shown by the Moving Average Convergence Divergence (MACD).

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