TEZOS - XTZ/USDT - 1H - Technical analysis published on 04/01/2022 (GMT)
- 218
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 3.79 USDT
My targets
3.97 USDT (+0.76%)
4.02 USDT (+2.03%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on TEZOS - XTZ/USDT as long as the price remains well above 3.79 USDT. The buyers' bullish objective is set at 3.97 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.02 USDT. If there is any crossing, the next objective would be the resistance located at 4.38 USDT. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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 kgm125. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
TEZOS - XTZ/USDT rating 3.94 USDT. The price registered an increase of +5.91% on the session and was traded between 3.55 USDT and 3.98 USDT over the period. The price is currently at +10.99% from its lowest and -1.01% from its highest.3.55
3.98
3.94
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this TEZOS - XTZ/USDT chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.73 | 3.79 | 3.92 | 3.94 | 3.97 | 4.02 | 4.38 |
| Change (%) | -5.33% | -3.81% | -0.51% | - | +0.76% | +2.03% | +11.17% |
| Change | -0.21 | -0.15 | -0.02 | - | +0.03 | +0.08 | +0.44 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.24 | 3.45 | 3.59 | 3.80 | 3.94 | 4.15 | 4.29 |
| Camarilla | 3.62 | 3.66 | 3.69 | 3.72 | 3.75 | 3.78 | 3.82 |
| Woodie | 3.20 | 3.43 | 3.55 | 3.78 | 3.90 | 4.13 | 4.25 |
| Fibonacci | 3.45 | 3.59 | 3.67 | 3.80 | 3.94 | 4.02 | 4.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.72 | 2.96 | 3.31 | 3.55 | 3.90 | 4.14 | 4.49 |
| Camarilla | 3.50 | 3.55 | 3.61 | 3.66 | 3.71 | 3.77 | 3.82 |
| Woodie | 2.78 | 2.99 | 3.37 | 3.58 | 3.96 | 4.17 | 4.55 |
| Fibonacci | 2.96 | 3.19 | 3.33 | 3.55 | 3.78 | 3.92 | 4.14 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.87 | 2.36 | 3.04 | 3.53 | 4.21 | 4.70 | 5.38 |
| Camarilla | 3.40 | 3.51 | 3.61 | 3.72 | 3.83 | 3.94 | 4.04 |
| Woodie | 1.97 | 2.41 | 3.14 | 3.58 | 4.31 | 4.75 | 5.48 |
| Fibonacci | 2.36 | 2.81 | 3.08 | 3.53 | 3.98 | 4.25 | 4.70 |
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): | 70.48 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 14.34 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 3.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.75 | |
| Elder Ray (13): | 0.14 | |
| Super Trend (3,10): | 3.78 | |
| Zig ZAG (10): | 3.96 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 94.34 | |
| TEMA (21): | 3.88 | |
| Williams %R (14): | -6.52 | |
| Chande Momentum Oscillator (20): | 0.25 | |
| Repulse (5,40,3): | 1.6900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 11.11 |
| MA7: | 3.79 | |
| MA20: | 3.42 | |
| MA50: | 3.40 | |
| MA100: | 3.72 | |
| MAexp7: | 3.87 | |
| MAexp20: | 3.79 | |
| MAexp50: | 3.79 | |
| MAexp100: | 3.78 | |
| Price / MA7: | +3.96% | |
| Price / MA20: | +15.20% | |
| Price / MA50: | +15.88% | |
| Price / MA100: | +5.91% | |
| Price / MAexp7: | +1.81% | |
| Price / MAexp20: | +3.96% | |
| Price / MAexp50: | +3.96% | |
| Price / MAexp100: | +4.23% |
Quotes :
-
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/USDT - 1H