TEZOS - XTZ/USD - Daily - Technical analysis published on 08/07/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 2.78 USD
My targets
3.57 USD (+10.87%)
3.74 USD (+16.24%)
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 2.78 USD. The buyers” bullish objective is set at 3.57 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.74 USD. If there is any crossing, the next objective would be the resistance located at 4.91 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.5
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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 price is 3.22 USD. The price registered a decrease of -0.31% on the session and was traded between 3.17 USD and 3.29 USD over the period. The price is currently at +1.58% from its lowest and -2.13% from its highest.3.17
3.29
3.22
Here is a more detailed summary of the historical variations registered by TEZOS - XTZ/USD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of TEZOS - XTZ/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
MACD indicator is back over 0
Type : Bullish
Timeframe : Daily
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 : Daily
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.28 | 2.78 | 3.22 | 3.22 | 3.57 | 4.91 | 5.76 |
| Change (%) | -29.19% | -13.66% | 0% | - | +10.87% | +52.48% | +78.88% |
| Change | -0.94 | -0.44 | 0 | - | +0.35 | +1.69 | +2.54 |
| Level | Intermediate | Major | Intermediate | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.77 | 2.92 | 3.08 | 3.23 | 3.39 | 3.54 | 3.70 |
| Camarilla | 3.15 | 3.17 | 3.20 | 3.23 | 3.26 | 3.29 | 3.32 |
| Woodie | 2.77 | 2.92 | 3.08 | 3.23 | 3.39 | 3.54 | 3.70 |
| Fibonacci | 2.92 | 3.04 | 3.12 | 3.23 | 3.35 | 3.43 | 3.54 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.24 | 2.45 | 2.74 | 2.95 | 3.24 | 3.45 | 3.74 |
| Camarilla | 2.90 | 2.95 | 2.99 | 3.04 | 3.09 | 3.13 | 3.18 |
| Woodie | 2.29 | 2.47 | 2.79 | 2.97 | 3.29 | 3.47 | 3.79 |
| Fibonacci | 2.45 | 2.64 | 2.76 | 2.95 | 3.14 | 3.26 | 3.45 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.27 | 1.74 | 2.48 | 1.95 | 2.69 | 2.16 | 2.90 |
| Camarilla | 3.15 | 3.17 | 3.19 | 3.21 | 3.23 | 3.25 | 3.27 |
| Woodie | 2.90 | 2.06 | 3.11 | 2.27 | 3.32 | 2.48 | 3.53 |
| Fibonacci | 1.74 | 1.82 | 1.87 | 1.95 | 2.03 | 2.08 | 2.16 |
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): | 54.39 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 9.77 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 2.94 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.53 | |
| Elder Ray (13): | 0.32 | |
| Super Trend (3,10): | 1.67 | |
| Zig ZAG (10): | 3.21 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 81.33 | |
| TEMA (21): | 2.93 | |
| Williams %R (14): | -17.01 | |
| Chande Momentum Oscillator (20): | 0.39 | |
| Repulse (5,40,3): | 1.8100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 6.51 |
| MA7: | 2.87 | |
| MA20: | 2.92 | |
| MA50: | 2.75 | |
| MA100: | 2.75 | |
| MAexp7: | 2.94 | |
| MAexp20: | 2.89 | |
| MAexp50: | 2.82 | |
| MAexp100: | 2.69 | |
| Price / MA7: | +12.20% | |
| Price / MA20: | +10.27% | |
| Price / MA50: | +17.09% | |
| Price / MA100: | +17.09% | |
| Price / MAexp7: | +9.52% | |
| Price / MAexp20: | +11.42% | |
| Price / MAexp50: | +14.18% | |
| Price / MAexp100: | +19.70% |
Quotes :
2020-08-07 13:32:13
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Real time data
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