# Crypto Technicals: XTZ/USD Technical Analysis Summary

By Anupama Grandhi

Canonical URL: https://www.tokenpost.com/news/investing/3588
Published: 2019-09-26T11:35:52.000Z
Updated: 2019-09-26T11:35:52.000Z
Section: Investing

> Major Support Levels: S1: 0.8871 (50H SMA) S2: 0.82 (Major Trendline) S3: 0.6325 (Channel base)

Exchange - Kraken

Major Support Levels:

S1: 0.8871 (50H SMA)

S2: 0.82 (Major Trendline)

S3: 0.6325 (Channel base)

Major Resistance Levels:

R1: 0.9506 (5-DMA)

R2: 1.0135 (21-EMA)

R3: 1.0261 (200H SMA)

​Chart Analysis:

​[XTZ/USD](<https://www.tradingview.com/symbols/XTZUSD/>) chart - Trading View

Summary: Tezos (XTZ) has bounced off major trendline support (currently at 0.82). Weakness only on break below. A potential 'Morning Star' pattern on the daily charts raises scope for upside. Price action is currently struggling at 55H-EMA (0.9037). Major trend is bearish, but a decisive break above 55H-EMA will see further upside.

Guidance: Stay long on breakout at 55H EMA, Stop Loss: 0.82, TP: 0.95/ 1.0250

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## Links in this article

- [XTZ/USD](https://www.tradingview.com/symbols/XTZUSD/)
- [TokenPost](https://www.tokenpost.com)