TEZOS - XTZ/USD - 1H - Technical analysis published on 04/03/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 1.71 USD
My targets
1.80 USD (+2.27%)
1.90 USD (+8.13%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TEZOS - XTZ/USD as long as the price remains well above 1.71 USD. The buyers” bullish objective is set at 1.80 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.90 USD. If there is any crossing, the next objective would be the resistance located at 2.48 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
0
10
7.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TEZOS - XTZ/USD rating is 1.76 USD. The price has increased by +4.76% since the last closing and was between 1.66 USD and 1.76 USD. This implies that the price is at +6.02% from its lowest and at 0% from its highest.1.66
1.76
1.76
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this TEZOS - XTZ/USD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.61 | 1.67 | 1.71 | 1.76 | 1.77 | 1.80 | 2.48 |
| Change (%) | -8.52% | -5.11% | -2.84% | - | +0.57% | +2.27% | +40.91% |
| Change | -0.15 | -0.09 | -0.05 | - | +0.01 | +0.04 | +0.72 |
| Level | Minor | Minor | Minor | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.42 | 1.51 | 1.60 | 1.69 | 1.78 | 1.87 | 1.96 |
| Camarilla | 1.63 | 1.65 | 1.66 | 1.68 | 1.70 | 1.71 | 1.73 |
| Woodie | 1.41 | 1.51 | 1.59 | 1.69 | 1.77 | 1.87 | 1.95 |
| Fibonacci | 1.51 | 1.58 | 1.63 | 1.69 | 1.76 | 1.81 | 1.87 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.80 | 1.14 | 1.35 | 1.69 | 1.90 | 2.24 | 2.45 |
| Camarilla | 1.42 | 1.47 | 1.52 | 1.57 | 1.62 | 1.67 | 1.72 |
| Woodie | 0.75 | 1.11 | 1.30 | 1.66 | 1.85 | 2.21 | 2.40 |
| Fibonacci | 1.14 | 1.35 | 1.48 | 1.69 | 1.90 | 2.03 | 2.24 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.67 | -0.34 | 0.64 | 1.97 | 2.95 | 4.28 | 5.26 |
| Camarilla | 0.98 | 1.19 | 1.40 | 1.61 | 1.82 | 2.03 | 2.25 |
| Woodie | -1.86 | -0.43 | 0.46 | 1.88 | 2.77 | 4.19 | 5.08 |
| Fibonacci | -0.34 | 0.55 | 1.09 | 1.97 | 2.86 | 3.40 | 4.28 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 68.41 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 15.78 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 1.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.66 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 1.67 | |
| Zig ZAG (10): | 1.76 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 93.33 | |
| TEMA (21): | 1.74 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.08 | |
| Repulse (5,40,3): | 2.9700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 4.33 |
| MA7: | 1.62 | |
| MA20: | 1.62 | |
| MA50: | 2.38 | |
| MA100: | 2.02 | |
| MAexp7: | 1.73 | |
| MAexp20: | 1.70 | |
| MAexp50: | 1.67 | |
| MAexp100: | 1.64 | |
| Price / MA7: | +8.64% | |
| Price / MA20: | +8.64% | |
| Price / MA50: | -26.05% | |
| Price / MA100: | -12.87% | |
| Price / MAexp7: | +1.73% | |
| Price / MAexp20: | +3.53% | |
| Price / MAexp50: | +5.39% | |
| Price / MAexp100: | +7.32% |
This member declared not having a position on this financial instrument or a related financial instrument.
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