TEZOS - XTZ/USD - 1H - Technical analysis published on 07/07/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 2.45 USD
My targets
2.59 USD (+1.17%)
2.62 USD (+2.23%)
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 2.45 USD. The buyers” bullish objective is set at 2.59 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.62 USD. If there is any crossing, the next objective would be the resistance located at 2.96 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
9.1
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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
TEZOS - XTZ/USD rating 2.56 USD. The price has increased by +4.92% since the last closing and was between 2.40 USD and 2.56 USD. This implies that the price is at +6.67% from its lowest and at 0% from its highest.2.40
2.56
2.56
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of TEZOS - XTZ/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.36 | 2.40 | 2.45 | 2.56 | 2.59 | 2.96 | 3.57 |
| Change (%) | -7.81% | -6.25% | -4.30% | - | +1.17% | +15.63% | +39.45% |
| Change | -0.20 | -0.16 | -0.11 | - | +0.03 | +0.40 | +1.01 |
| Level | Major | Minor | Minor | - | Intermediate | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.13 | 2.20 | 2.32 | 2.39 | 2.51 | 2.58 | 2.70 |
| Camarilla | 2.39 | 2.41 | 2.42 | 2.44 | 2.46 | 2.48 | 2.49 |
| Woodie | 2.16 | 2.21 | 2.35 | 2.40 | 2.54 | 2.59 | 2.73 |
| Fibonacci | 2.20 | 2.27 | 2.32 | 2.39 | 2.46 | 2.51 | 2.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.08 | 2.17 | 2.26 | 2.35 | 2.44 | 2.53 | 2.62 |
| Camarilla | 2.29 | 2.31 | 2.32 | 2.34 | 2.36 | 2.37 | 2.39 |
| Woodie | 2.07 | 2.17 | 2.25 | 2.35 | 2.43 | 2.53 | 2.61 |
| Fibonacci | 2.17 | 2.24 | 2.29 | 2.35 | 2.42 | 2.47 | 2.53 |
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): | 74.70 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 22.46 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 2.51 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.44 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 2.41 | |
| Zig ZAG (10): | 2.55 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 89.49 | |
| TEMA (21): | 2.52 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.11 | |
| Repulse (5,40,3): | 3.7500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2000 | |
| Courbe Coppock: | 5.37 |
| MA7: | 2.37 | |
| MA20: | 2.49 | |
| MA50: | 2.68 | |
| MA100: | 2.51 | |
| MAexp7: | 2.50 | |
| MAexp20: | 2.46 | |
| MAexp50: | 2.40 | |
| MAexp100: | 2.37 | |
| Price / MA7: | +8.02% | |
| Price / MA20: | +2.81% | |
| Price / MA50: | -4.48% | |
| Price / MA100: | +1.99% | |
| Price / MAexp7: | +2.40% | |
| Price / MAexp20: | +4.07% | |
| Price / MAexp50: | +6.67% | |
| Price / MAexp100: | +8.02% |
Quotes :
2020-07-07 16:10:28
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Real time data
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