TEZOS - XTZ/USD - 1H - Technical analysis published on 08/26/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 3.57 USD
My targets
3.36 USD (-3.17%)
3.26 USD (-6.05%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on TEZOS - XTZ/USD. As long as you are under the resistance located at 3.57 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 3.36 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 3.26 USD as an objective. Crossing it would then enable sellers to target 2.78 USD. If the resistance 3.57 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.3
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This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
TEZOS - XTZ/USD rating 3.47 USD. The price registered an increase of +1.46% on the session and was between 3.30 USD and 3.51 USD. This implies that the price is at +5.15% from its lowest and at -1.14% from its highest.3.30
3.51
3.47
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TEZOS - XTZ/USD:
Technical
A technical analysis in 1H of this TEZOS - XTZ/USD chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.78 | 3.26 | 3.36 | 3.47 | 3.48 | 3.57 | 3.94 |
| Change (%) | -19.88% | -6.05% | -3.17% | - | +0.29% | +2.88% | +13.54% |
| Change | -0.69 | -0.21 | -0.11 | - | +0.01 | +0.10 | +0.47 |
| Level | Major | Minor | Intermediate | - | Major | Major | 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 | 2.82 | 3.05 | 3.24 | 3.47 | 3.66 | 3.89 | 4.08 |
| Camarilla | 3.30 | 3.34 | 3.38 | 3.42 | 3.46 | 3.50 | 3.54 |
| Woodie | 2.79 | 3.04 | 3.21 | 3.46 | 3.63 | 3.88 | 4.05 |
| Fibonacci | 3.05 | 3.21 | 3.31 | 3.47 | 3.63 | 3.73 | 3.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.85 | 2.55 | 3.08 | 3.78 | 4.31 | 5.01 | 5.54 |
| Camarilla | 3.26 | 3.37 | 3.49 | 3.60 | 3.71 | 3.83 | 3.94 |
| Woodie | 1.76 | 2.51 | 2.99 | 3.74 | 4.22 | 4.97 | 5.45 |
| Fibonacci | 2.55 | 3.02 | 3.31 | 3.78 | 4.25 | 4.54 | 5.01 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.16 | 1.69 | 2.27 | 2.80 | 3.38 | 3.91 | 4.49 |
| Camarilla | 2.55 | 2.65 | 2.75 | 2.85 | 2.95 | 3.05 | 3.16 |
| Woodie | 1.19 | 1.70 | 2.30 | 2.81 | 3.41 | 3.92 | 4.52 |
| Fibonacci | 1.69 | 2.11 | 2.38 | 2.80 | 3.22 | 3.49 | 3.91 |
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): | 46.71 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -0.66 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 3.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.31 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 3.58 | |
| Zig ZAG (10): | 3.48 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 77.44 | |
| TEMA (21): | 3.43 | |
| Williams %R (14): | -14.29 | |
| Chande Momentum Oscillator (20): | 0.04 | |
| Repulse (5,40,3): | 2.3200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 0.82 |
| MA7: | 3.56 | |
| MA20: | 3.79 | |
| MA50: | 3.29 | |
| MA100: | 2.98 | |
| MAexp7: | 3.43 | |
| MAexp20: | 3.42 | |
| MAexp50: | 3.48 | |
| MAexp100: | 3.53 | |
| Price / MA7: | -2.53% | |
| Price / MA20: | -8.44% | |
| Price / MA50: | +5.47% | |
| Price / MA100: | +16.44% | |
| Price / MAexp7: | +1.17% | |
| Price / MAexp20: | +1.46% | |
| Price / MAexp50: | -0.29% | |
| Price / MAexp100: | -1.70% |
Quotes :
2020-08-26 18:00:30
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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