TEZOS - XTZ/USD - 1H - Technical analysis published on 07/21/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
61%
6%
33%
My opinion
Bullish above 2.96 USD
My targets
3.22 USD (+6.27%)
3.33 USD (+9.90%)
My analysis
The strong short-term increase in TEZOS - XTZ/USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 2.96 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 3.22 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3.33 USD as an objective. Crossing it would then enable buyers to target 3.57 USD. Caution, a return under 2.96 USD could jeopardize the reversal.
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
2.1
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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
The TEZOS - XTZ/USD rating is 3.03 USD. The price registered an increase of +8.99% on the session with the lowest point at 2.75 USD and the highest point at 3.03 USD. The deviation from the price is +10.18% for the low point and 0% for the high point.2.75
3.03
3.03
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
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 slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
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 | 2.68 | 2.78 | 2.96 | 3.03 | 3.04 | 3.22 | 3.33 |
| Change (%) | -11.55% | -8.25% | -2.31% | - | +0.33% | +6.27% | +9.90% |
| Change | -0.35 | -0.25 | -0.07 | - | +0.01 | +0.19 | +0.30 |
| Level | Major | Major | Major | - | 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 | 2.42 | 2.59 | 2.68 | 2.85 | 2.94 | 3.11 | 3.20 |
| Camarilla | 2.71 | 2.73 | 2.76 | 2.78 | 2.80 | 2.83 | 2.85 |
| Woodie | 2.39 | 2.57 | 2.65 | 2.83 | 2.91 | 3.09 | 3.17 |
| Fibonacci | 2.59 | 2.69 | 2.75 | 2.85 | 2.95 | 3.01 | 3.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.87 | 2.22 | 2.62 | 2.97 | 3.37 | 3.72 | 4.12 |
| Camarilla | 2.80 | 2.87 | 2.94 | 3.01 | 3.08 | 3.15 | 3.22 |
| Woodie | 1.89 | 2.23 | 2.64 | 2.98 | 3.39 | 3.73 | 4.14 |
| Fibonacci | 2.22 | 2.51 | 2.69 | 2.97 | 3.26 | 3.44 | 3.72 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.42 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -2.23 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 2.87 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.85 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 2.92 | |
| Zig ZAG (10): | 2.89 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 78.76 | |
| TEMA (21): | 2.90 | |
| Williams %R (14): | -23.53 | |
| Chande Momentum Oscillator (20): | 0.10 | |
| Repulse (5,40,3): | -0.5500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 7.12 |
| MA7: | 3.03 | |
| MA20: | 2.72 | |
| MA50: | 2.70 | |
| MA100: | 2.65 | |
| MAexp7: | 2.91 | |
| MAexp20: | 2.87 | |
| MAexp50: | 2.90 | |
| MAexp100: | 2.94 | |
| Price / MA7: | -0% | |
| Price / MA20: | +11.40% | |
| Price / MA50: | +12.22% | |
| Price / MA100: | +14.34% | |
| Price / MAexp7: | +4.12% | |
| Price / MAexp20: | +5.57% | |
| Price / MAexp50: | +4.48% | |
| Price / MAexp100: | +3.06% |
Quotes :
2020-07-21 15:59:12
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Real time data
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