TEZOS - XTZ/USD - 1H - Technical analysis published on 01/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 1.10 USD
My targets
1.05 USD (-0.94%)
0.98 USD (-7.55%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on TEZOS - XTZ/USD as long as the price remains well below 1.10 USD. The sellers' bearish objective is set at 1.05 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.98 USD. In case of crossing, the next objective would be the support located at 0.93 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.3
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This analysis was given by jk8588. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
TEZOS - XTZ/USD rating 1.06 USD. The price is lower by -3.64% since the last closing and was traded between 1.05 USD and 1.11 USD over the period. The price is currently at +0.95% from its lowest and -4.50% from its highest.1.05
1.11
1.06
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of TEZOS - XTZ/USD in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.93 | 0.98 | 1.05 | 1.06 | 1.10 | 1.16 | 1.23 |
| Change (%) | -12.26% | -7.55% | -0.94% | - | +3.77% | +9.43% | +16.04% |
| Change | -0.13 | -0.08 | -0.01 | - | +0.04 | +0.10 | +0.17 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.94 | 0.99 | 1.05 | 1.10 | 1.16 | 1.21 | 1.27 |
| Camarilla | 1.07 | 1.08 | 1.09 | 1.10 | 1.11 | 1.12 | 1.13 |
| Woodie | 0.94 | 0.99 | 1.05 | 1.10 | 1.16 | 1.21 | 1.27 |
| Fibonacci | 0.99 | 1.04 | 1.06 | 1.10 | 1.15 | 1.17 | 1.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.44 | 0.63 | 0.85 | 1.04 | 1.26 | 1.45 | 1.67 |
| Camarilla | 0.96 | 1.00 | 1.03 | 1.07 | 1.11 | 1.15 | 1.18 |
| Woodie | 0.46 | 0.64 | 0.87 | 1.05 | 1.28 | 1.46 | 1.69 |
| Fibonacci | 0.63 | 0.79 | 0.88 | 1.04 | 1.20 | 1.29 | 1.45 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.52 | 0.67 | 0.84 | 0.99 | 1.16 | 1.31 | 1.48 |
| Camarilla | 0.92 | 0.95 | 0.98 | 1.01 | 1.04 | 1.07 | 1.10 |
| Woodie | 0.53 | 0.68 | 0.85 | 1.00 | 1.17 | 1.32 | 1.49 |
| Fibonacci | 0.67 | 0.79 | 0.87 | 0.99 | 1.11 | 1.19 | 1.31 |
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): | 39.99 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -5.20 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 1.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.09 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 1.12 | |
| Zig ZAG (10): | 1.06 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 11.11 | |
| TEMA (21): | 1.06 | |
| Williams %R (14): | -83.33 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | -0.4300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1500 | |
| Courbe Coppock: | 6.10 |
| MA7: | 1.09 | |
| MA20: | 1.02 | |
| MA50: | 0.97 | |
| MA100: | 0.87 | |
| MAexp7: | 1.06 | |
| MAexp20: | 1.08 | |
| MAexp50: | 1.10 | |
| MAexp100: | 1.10 | |
| Price / MA7: | -2.75% | |
| Price / MA20: | +3.92% | |
| Price / MA50: | +9.28% | |
| Price / MA100: | +21.84% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -1.85% | |
| Price / MAexp50: | -3.64% | |
| Price / MAexp100: | -3.64% |
Quotes :
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Real time data
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