TEZOS - XTZ/USD - 1H - Technical analysis published on 10/14/2020 (GMT)
- Who voted?
- 144
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
11%
61%
28%
My opinion
Bullish above 2.35 USD
My targets
2.40 USD (+1.27%)
2.45 USD (+3.38%)
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 above the support located at 2.35 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 2.40 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 2.45 USD as an objective. Crossing it would then enable buyers to target 2.78 USD. If the support 2.35 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.6
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:
Additional analysis
Quotes
The TEZOS - XTZ/USD price is 2.37 USD. The price registered a decrease of -0.84% on the session and was between 2.32 USD and 2.41 USD. This implies that the price is at +2.16% from its lowest and at -1.66% from its highest.2.32
2.41
2.37
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 bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 2.24 | 2.28 | 2.35 | 2.37 | 2.40 | 2.45 | 2.78 |
| Change (%) | -5.49% | -3.80% | -0.84% | - | +1.27% | +3.38% | +17.30% |
| Change | -0.13 | -0.09 | -0.02 | - | +0.03 | +0.08 | +0.41 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.19 | 2.26 | 2.32 | 2.39 | 2.45 | 2.52 | 2.58 |
| Camarilla | 2.35 | 2.37 | 2.38 | 2.39 | 2.40 | 2.41 | 2.43 |
| Woodie | 2.20 | 2.26 | 2.33 | 2.39 | 2.46 | 2.52 | 2.59 |
| Fibonacci | 2.26 | 2.31 | 2.34 | 2.39 | 2.44 | 2.47 | 2.52 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.76 | 1.89 | 2.04 | 2.17 | 2.32 | 2.45 | 2.60 |
| Camarilla | 2.12 | 2.15 | 2.17 | 2.20 | 2.23 | 2.25 | 2.28 |
| Woodie | 1.78 | 1.90 | 2.06 | 2.18 | 2.34 | 2.46 | 2.62 |
| Fibonacci | 1.89 | 1.99 | 2.06 | 2.17 | 2.27 | 2.34 | 2.45 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.98 | 1.80 | 2.02 | 1.84 | 2.06 | 1.88 | 2.10 |
| Camarilla | 2.24 | 2.24 | 2.25 | 2.25 | 2.25 | 2.26 | 2.26 |
| Woodie | 2.19 | 1.90 | 2.23 | 1.94 | 2.27 | 1.98 | 2.31 |
| Fibonacci | 1.80 | 1.81 | 1.82 | 1.84 | 1.85 | 1.86 | 1.88 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.69 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -14.24 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 2.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.40 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 2.40 | |
| Zig ZAG (10): | 2.33 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 7.41 | |
| TEMA (21): | 2.34 | |
| Williams %R (14): | -88.89 | |
| Chande Momentum Oscillator (20): | -0.08 | |
| Repulse (5,40,3): | -1.4700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 3.10 |
| MA7: | 2.19 | |
| MA20: | 2.17 | |
| MA50: | 2.44 | |
| MA100: | 2.86 | |
| MAexp7: | 2.35 | |
| MAexp20: | 2.37 | |
| MAexp50: | 2.36 | |
| MAexp100: | 2.32 | |
| Price / MA7: | +8.22% | |
| Price / MA20: | +9.22% | |
| Price / MA50: | -2.87% | |
| Price / MA100: | -17.13% | |
| Price / MAexp7: | +0.85% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | +0.42% | |
| Price / MAexp100: | +2.16% |
Quotes :
2020-10-14 13:55:28
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis TEZOS - XTZ/USD - 1H