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 - 1H - Technical analysis published on 08/28/2020 (GMT)

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  • Timeframe : 1H
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  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 3.29 USD
My targets
3.22 USD (-1.23%)
3.10 USD (-4.91%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 3.29 USD remains possible. It is advisable to trade TEZOS - XTZ/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 3.29 USD. The next bearish objective for sellers is set at 3.22 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.10 USD. In case of crossing, the next objective would be the support located at 2.78 USD. PS: if there is a bullish break in the resistance located at 3.29 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

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
1.4

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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The TEZOS - XTZ/USD price is 3.26 USD. On the day, this instrument gained +0.93% with the lowest point at 3.13 USD and the highest point at 3.32 USD. The deviation from the price is +4.15% for the low point and -1.81% for the high point.

3.13
3.32
3.26

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. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Support of triangle is broken

Type : Bearish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.78 3.10 3.22 3.26 3.29 3.57 3.82
Change (%) -14.72% -4.91% -1.23% - +0.92% +9.51% +17.18%
Change -0.48 -0.16 -0.04 - +0.03 +0.31 +0.56
Level Major Intermediate Minor - Intermediate Major Minor



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
Standard2.762.933.083.253.403.573.72
Camarilla3.143.173.203.233.263.293.32
Woodie2.752.933.073.253.393.573.71
Fibonacci2.933.053.133.253.373.453.57


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.852.553.083.784.315.015.54
Camarilla3.263.373.493.603.713.833.94
Woodie1.762.512.993.744.224.975.45
Fibonacci2.553.023.313.784.254.545.01


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.161.692.272.803.383.914.49
Camarilla2.552.652.752.852.953.053.16
Woodie1.191.702.302.813.413.924.52
Fibonacci1.692.112.382.803.223.493.91

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): 51.84
MACD (12,26,9): 0.0000
Directional Movement: -0.03
AROON (14): 35.72
DEMA (21): 3.26
Parabolic SAR (0,02-0,02-0,2): 3.23
Elder Ray (13): 0.01
Super Trend (3,10): 3.36
Zig ZAG (10): 3.28
VORTEX (21): 1.1300
Stochastique (14,3,5): 82.46
TEMA (21): 3.29
Williams %R (14): -21.05
Chande Momentum Oscillator (20): 0.02
Repulse (5,40,3): -0.4400
ROCnROLL: -1
TRIX (15,9): -0.0400
Courbe Coppock: 3.71
MA7: 3.44
MA20: 3.79
MA50: 3.31
MA100: 2.99
MAexp7: 3.28
MAexp20: 3.26
MAexp50: 3.30
MAexp100: 3.38
Price / MA7: -5.23%
Price / MA20: -13.98%
Price / MA50: -1.51%
Price / MA100: +9.03%
Price / MAexp7: -0.61%
Price / MAexp20: -0%
Price / MAexp50: -1.21%
Price / MAexp100: -3.55%

Quotes : 2020-08-28 13:31:16 - Real time data - Cryptocompare

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

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