TEZOS - XTZ/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	XTZUSD
ISIN:

TEZOS - XTZ/USD - Daily - Technical analysis published on 07/03/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Bearish

Technical indicators

28%

44%

28%

My opinion

Bearish under 2.59 USD

My targets

2.15 USD (-6.11%)

1.86 USD (-18.78%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on TEZOS - XTZ/USD as long as the price remains well below 2.59 USD. The sellers” bearish objective is set at 2.15 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.86 USD. In case of crossing, the next objective would be the support located at 1.32 USD.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

4.1

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 AKOUSA. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

TEZOS - XTZ/USD rating 2.29 USD. The price is lower by -1.29% since the last closing and was between 2.28 USD and 2.35 USD. This implies that the price is at +0.44% from its lowest and at -2.55% from its highest.

2.28

2.35

2.29

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

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this TEZOS - XTZ/USD chart shows a bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Support of channel is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.32	1.86	2.15	2.29	2.59	2.96	3.57
Change (%)	-42.36%	-18.78%	-6.11%	-	+13.10%	+29.26%	+55.90%
Change	-0.97	-0.43	-0.14	-	+0.30	+0.67	+1.28
Level	Intermediate	Major	Minor	-	Intermediate	Intermediate	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.12	2.19	2.26	2.33	2.40	2.47	2.54
Camarilla	2.28	2.29	2.31	2.32	2.33	2.35	2.36
Woodie	2.11	2.19	2.25	2.33	2.39	2.47	2.53
Fibonacci	2.19	2.25	2.28	2.33	2.39	2.42	2.47

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.49	1.87	2.09	2.47	2.69	3.07	3.29
Camarilla	2.14	2.19	2.25	2.30	2.36	2.41	2.47
Woodie	1.40	1.83	2.00	2.43	2.60	3.03	3.20
Fibonacci	1.87	2.10	2.24	2.47	2.70	2.84	3.07

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.01	1.63	2.00	2.62	2.99	3.61	3.98
Camarilla	2.09	2.18	2.27	2.36	2.45	2.54	2.63
Woodie	0.88	1.57	1.87	2.56	2.86	3.55	3.85
Fibonacci	1.63	2.01	2.25	2.62	3.00	3.24	3.61

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):	35.29
MACD (12,26,9):	-0.1100
Directional Movement:	-6.29
AROON (14):	-21.43
DEMA (21):	2.38
Parabolic SAR (0,02-0,02-0,2):	2.91
Elder Ray (13):	-0.14
Super Trend (3,10):	2.77
Zig ZAG (10):	2.29
VORTEX (21):	0.9100
Stochastique (14,3,5):	9.71
TEMA (21):	2.29
Williams %R (14):	-95.00
Chande Momentum Oscillator (20):	-0.30
Repulse (5,40,3):	-5.0900
ROCnROLL:	2
TRIX (15,9):	-0.4700
Courbe Coppock:	20.66

MA7:	2.35
MA20:	2.53
MA50:	2.69
MA100:	2.47
MAexp7:	2.38
MAexp20:	2.51
MAexp50:	2.59
MAexp100:	2.50
Price / MA7:	-2.55%
Price / MA20:	-9.49%
Price / MA50:	-14.87%
Price / MA100:	-7.29%
Price / MAexp7:	-3.78%
Price / MAexp20:	-8.76%
Price / MAexp50:	-11.58%
Price / MAexp100:	-8.40%

Quotes : 2020-07-03 21:40:55 - Real time data - Cryptocompare

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

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