Tezos (XTZ) Taps New-All Time High but Struggles to Maintain

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In Brief
  • Tezos has been reaching successive all-time highs since Aug 10.

  • The daily trend is strong, while the hourly chart is showing some weakness.

  • XTZ is likely in the fourth wave of a five-wave Elliott formation.

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The Tezos (XTZ) price briefly reached a new all-time high on Aug 13 but has pulled back slightly. As long as it is able to maintain prices above the support levels that BeInCrypto will outline below, the upward move is expected to continue. XTZ Makes New All-Time High The XTZ price has been gradually increasing since it reached a bottom on March 13. After a corrective period that
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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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