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 09/22/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 5.29 USD
My targets
4.80 USD (-4.95%)
4.38 USD (-13.27%)
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 5.29 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 4.80 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 4.38 USD as an objective. Crossing it would then enable sellers to target 3.57 USD. If the resistance 5.29 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
0.7

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:
15 min. Daily Weekly

Additional analysis

Quotes

TEZOS - XTZ/USD rating 5.05 USD. On the day, this instrument gained +7.91% and was between 4.51 USD and 5.10 USD. This implies that the price is at +11.97% from its lowest and at -0.98% from its highest.

4.51
5.10
5.05

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

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:
The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 20 days

Technical


A technical analysis in 1H of this TEZOS - XTZ/USD chart shows a bearish trend. The signals given by moving averages are 71.43% 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 a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



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:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour


Horizontal resistance is broken

Type : Bullish

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 3.57 4.38 4.80 5.05 5.29 5.90 6.92
Change (%) -29.31% -13.27% -4.95% - +4.75% +16.83% +37.03%
Change -1.48 -0.67 -0.25 - +0.24 +0.85 +1.87
Level Minor Major Minor - Major Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.213.854.264.905.315.956.36
Camarilla4.394.494.584.684.784.874.97
Woodie3.113.794.164.845.215.896.26
Fibonacci3.854.254.504.905.305.555.95


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.444.675.546.777.648.879.74
Camarilla5.826.026.216.406.596.796.98
Woodie3.254.585.356.687.458.789.55
Fibonacci4.675.485.976.777.588.078.87


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.181.583.344.746.507.909.66
Camarilla4.224.514.805.095.385.675.96
Woodie0.351.673.514.836.677.999.83
Fibonacci1.582.793.544.745.956.707.90

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): 51.29
MACD (12,26,9): -0.0600
Directional Movement: -7.83
AROON (14): 57.14
DEMA (21): 4.85
Parabolic SAR (0,02-0,02-0,2): 4.63
Elder Ray (13): 0.11
Super Trend (3,10): 5.26
Zig ZAG (10): 5.01
VORTEX (21): 1.0000
Stochastique (14,3,5): 80.79
TEMA (21): 4.94
Williams %R (14): -9.43
Chande Momentum Oscillator (20): 0.11
Repulse (5,40,3): 0.4200
ROCnROLL: -1
TRIX (15,9): -0.2400
Courbe Coppock: 8.78
MA7: 5.84
MA20: 5.89
MA50: 4.79
MA100: 3.79
MAexp7: 4.94
MAexp20: 4.93
MAexp50: 5.16
MAexp100: 5.53
Price / MA7: -13.53%
Price / MA20: -14.26%
Price / MA50: +5.43%
Price / MA100: +33.25%
Price / MAexp7: +2.23%
Price / MAexp20: +2.43%
Price / MAexp50: -2.13%
Price / MAexp100: -8.68%

Quotes : - Real time data - Cryptocompare

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

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