TEZOS - XTZ/USD
TEZOS - XTZ/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: XTZUSD
ISIN:

TEZOS - XTZ/USD - Daily - Technical analysis published on 07/13/2020 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Bullish
De fond: Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 2.96 USD
My targets
3.39 USD (+10.16%)
3.57 USD (+15.91%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on TEZOS - XTZ/USD as long as the price remains well above 2.96 USD. The buyers” bullish objective is set at 3.39 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.57 USD. If there is any crossing, the next objective would be the resistance located at 5.76 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.7

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

TEZOS - XTZ/USD rating 3.08 USD. The price has increased by +8.45% since the last closing and was traded between 2.73 USD and 3.16 USD over the period. The price is currently at +12.82% from its lowest and -2.53% from its highest.

2.73
3.16
3.08

A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this TEZOS - XTZ/USD chart shows a bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : Daily



In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily


MACD indicator is back over 0

Type : Bullish

Timeframe : Daily



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near resistance of triangle

Type : Bearish

Timeframe : Daily


Horizontal resistance is broken

Type : Bullish

Timeframe : Daily


Resistance of channel is broken

Type : Bullish

Timeframe : Daily



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.59 2.78 2.96 3.08 3.57 5.76 10.32
Change (%) -15.91% -9.74% -3.90% - +15.91% +87.01% +235.06%
Change -0.49 -0.30 -0.12 - +0.49 +2.68 +7.24
Level Intermediate Minor Intermediate - Intermediate Minor 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
Standard2.412.492.672.752.933.013.19
Camarilla2.772.792.822.842.862.892.91
Woodie2.452.522.712.782.973.043.23
Fibonacci2.492.592.652.752.852.913.01


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.832.032.352.552.873.073.39
Camarilla2.542.592.632.682.732.782.82
Woodie1.902.062.422.582.943.103.46
Fibonacci2.032.232.352.552.752.873.07


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.011.632.002.622.993.613.98
Camarilla2.092.182.272.362.452.542.63
Woodie0.881.571.872.562.863.553.85
Fibonacci1.632.012.252.623.003.243.61

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 69.00
MACD (12,26,9): 0.0500
Directional Movement: 22.90
AROON (14): 57.14
DEMA (21): 2.63
Parabolic SAR (0,02-0,02-0,2): 2.25
Elder Ray (13): 0.32
Super Trend (3,10): 2.34
Zig ZAG (10): 3.11
VORTEX (21): 1.0400
Stochastique (14,3,5): 94.03
TEMA (21): 2.72
Williams %R (14): -6.38
Chande Momentum Oscillator (20): 0.70
Repulse (5,40,3): 22.7000
ROCnROLL: 1
TRIX (15,9): -0.2300
Courbe Coppock: 21.63
MA7: 2.69
MA20: 2.50
MA50: 2.67
MA100: 2.57
MAexp7: 2.73
MAexp20: 2.60
MAexp50: 2.60
MAexp100: 2.52
Price / MA7: +14.50%
Price / MA20: +23.20%
Price / MA50: +15.36%
Price / MA100: +19.84%
Price / MAexp7: +12.82%
Price / MAexp20: +18.46%
Price / MAexp50: +18.46%
Price / MAexp100: +22.22%

Quotes : 2020-07-13 14:04:39 - Real time data - Cryptocompare

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

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