## Hey Guys..!!

Meet again with me Wahyu Nahrul, This time I want to make a brief technical analysis of a cryptocurrency chart, the analysis I made is based on my experience and knowledge.

![rounded-in-photoretrica (66).png](https://cdn.steemitimages.com/DQmZXWEcfo9MyRnJr75L4hqEGo2Ys1SHp6SZgg3zPx7jgbC/rounded-in-photoretrica%20(66).png)_{***Made on PowerPoint***} Alright, let's get straight into the discussion, Happy reading!! ![Pembatas Utama.png](https://cdn.steemitimages.com/DQmUqV2VAknQE4ZTKUNQVk7dC6abcYzoN63AdevUPzmqmB4/Pembatas%20Utama.png) # Tezos (XTZ) Analysis Today, January 27, 2024, I will try to analyze the price movement of Tezos technically. ![Slide1.PNG](https://cdn.steemitimages.com/DQmX9PHJwoei5RKK4epQBYhkfNxGvjYdLQv3H8xY9hJdumt/Slide1.PNG) *SOURCE: [TradingView](https://www.tradingview.com/)* If we look at the price movement of XTZ in general, we can see that XTZ is in a very deep bearish phase. We can see this in the XTZ price movement pattern in the chart above where the candlestick tends to move downwards if we look closely. ![Slide2.PNG](https://cdn.steemitimages.com/DQmRLDt2EvKYKRWXGmkVASH2b8KUEMeXNVYsyeJbWTTfVCo/Slide2.PNG) *SOURCE: [TradingView](https://www.tradingview.com/)* The chart above shows that the current bearish trend in the XTZ/USD market will continue for the next few days or maybe months because the XTZ price has broken through the Support Level at $2.851. ![Slide3.PNG](https://cdn.steemitimages.com/DQmR8hphsUs6s9TZjo1oH7ydQ9sUN1xG2G7Guva9nqeSfPv/Slide3.PNG) *SOURCE: [TradingView](https://www.tradingview.com/)* This is confirmed by the EMA Indicator with a Death Cross occurring between the 100 EMA and 200 EMA. ![Slide4.PNG](https://cdn.steemitimages.com/DQmXvzKEG6iAbpZctHESn27ytF1s3MALidtNm1Mn878fFUY/Slide4.PNG) *SOURCE: [TradingView](https://www.tradingview.com/)* Then the ADX indicator also shows a cross between the DI+ and DI- lines, indicating a signal to change the direction of the trend from bullish to bearish. ![Slide5.PNG](https://cdn.steemitimages.com/DQmVfSXquSEedM1odrqGvkC4cahdk7hZs9d8aFmL9pUXWrs/Slide5.PNG)*SOURCE: [TradingView](https://www.tradingview.com/)* But if we look based on the RSI indicator, there is no sign of a Bearish Phase where we can see in the chart above that the current moment is still stable where the RSI line is still moving in the Middle Band. ![Pembatas Sub.png](https://cdn.steemitimages.com/DQmUjUshtBLPP4fERXpS2DNJDvqExzURhrdzFSU4sNftjky/Pembatas%20Sub.png) ###

Disclaimer:

This analysis is not an invitation to buy or sell any asset, it is just a short analysis intended for learning. Remember! don't use the analysis I did as a benchmark in investing or trading, always do your analysis and research first before making any decisions.

![Pembatas Sub.png](https://cdn.steemitimages.com/DQmUjUshtBLPP4fERXpS2DNJDvqExzURhrdzFSU4sNftjky/Pembatas%20Sub.png)