TEZOS - XTZ/USD - 1H - Technical analysis published on 09/22/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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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
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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
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.
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:
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:
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 3.21 | 3.85 | 4.26 | 4.90 | 5.31 | 5.95 | 6.36 |
Camarilla | 4.39 | 4.49 | 4.58 | 4.68 | 4.78 | 4.87 | 4.97 |
Woodie | 3.11 | 3.79 | 4.16 | 4.84 | 5.21 | 5.89 | 6.26 |
Fibonacci | 3.85 | 4.25 | 4.50 | 4.90 | 5.30 | 5.55 | 5.95 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 3.44 | 4.67 | 5.54 | 6.77 | 7.64 | 8.87 | 9.74 |
Camarilla | 5.82 | 6.02 | 6.21 | 6.40 | 6.59 | 6.79 | 6.98 |
Woodie | 3.25 | 4.58 | 5.35 | 6.68 | 7.45 | 8.78 | 9.55 |
Fibonacci | 4.67 | 5.48 | 5.97 | 6.77 | 7.58 | 8.07 | 8.87 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.18 | 1.58 | 3.34 | 4.74 | 6.50 | 7.90 | 9.66 |
Camarilla | 4.22 | 4.51 | 4.80 | 5.09 | 5.38 | 5.67 | 5.96 |
Woodie | 0.35 | 1.67 | 3.51 | 4.83 | 6.67 | 7.99 | 9.83 |
Fibonacci | 1.58 | 2.79 | 3.54 | 4.74 | 5.95 | 6.70 | 7.90 |
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
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About author
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…
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