TEZOS - XTZ/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	XTZUSDT
ISIN:

TEZOS - XTZ/USDT - Daily - Technical analysis published on 01/19/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

50%

11%

39%

My opinion

Bullish above 0.87 USDT

My targets

1.11 USDT (+9.90%)

1.31 USDT (+29.70%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on TEZOS - XTZ/USDT. As long as you are above the support located at 0.87 USDT, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.11 USDT would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1.31 USDT as an objective. Crossing it would then enable buyers to target 2.91 USDT. If the support 0.87 USDT were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

3.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by jk8588. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

TEZOS - XTZ/USDT rating 1.01 USDT. On the day, this instrument lost -2.89% with the lowest point at 1.01 USDT and the highest point at 1.05 USDT. The deviation from the price is 0% for the low point and -3.81% for the high point.

1.01

1.05

1.01

A study of price movements over other periods shows the following variations:

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Daily chart of TEZOS - XTZ/USDT indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.67	0.77	0.87	1.01	1.11	1.31	2.91
Change (%)	-33.66%	-23.76%	-13.86%	-	+9.90%	+29.70%	+188.12%
Change	-0.34	-0.24	-0.14	-	+0.10	+0.30	+1.90
Level	Major	Minor	Major	-	Major	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.93	0.97	1.01	1.05	1.09	1.13	1.17
Camarilla	1.02	1.03	1.03	1.04	1.05	1.06	1.06
Woodie	0.92	0.97	1.00	1.05	1.08	1.13	1.16
Fibonacci	0.97	1.00	1.02	1.05	1.08	1.10	1.13

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.47	0.65	0.86	1.04	1.25	1.43	1.64
Camarilla	0.97	1.01	1.04	1.08	1.12	1.15	1.19
Woodie	0.50	0.66	0.89	1.05	1.28	1.44	1.67
Fibonacci	0.65	0.80	0.89	1.04	1.19	1.28	1.43

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.55	0.69	0.85	0.99	1.15	1.29	1.45
Camarilla	0.93	0.96	0.98	1.01	1.04	1.07	1.09
Woodie	0.56	0.70	0.86	1.00	1.16	1.30	1.46
Fibonacci	0.69	0.81	0.88	0.99	1.11	1.18	1.29

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	49.75
MACD (12,26,9):	0.0300
Directional Movement:	8.93
AROON (14):	50.00
DEMA (21):	1.07
Parabolic SAR (0,02-0,02-0,2):	0.91
Elder Ray (13):	-0.02
Super Trend (3,10):	0.85
Zig ZAG (10):	1.02
VORTEX (21):	1.0000
Stochastique (14,3,5):	54.50
TEMA (21):	1.08
Williams %R (14):	-54.36
Chande Momentum Oscillator (20):	0.15
Repulse (5,40,3):	-8.8900
ROCnROLL:	-1
TRIX (15,9):	0.4000
Courbe Coppock:	20.04

MA7:	1.09
MA20:	1.02
MA50:	0.97
MA100:	0.87
MAexp7:	1.06
MAexp20:	1.03
MAexp50:	0.98
MAexp100:	0.91
Price / MA7:	-7.34%
Price / MA20:	-0.98%
Price / MA50:	+4.12%
Price / MA100:	+16.09%
Price / MAexp7:	-4.72%
Price / MAexp20:	-1.94%
Price / MAexp50:	+3.06%
Price / MAexp100:	+10.99%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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