TEZOS - XTZ/USDT - 1H - Technical analysis published on 02/22/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 1.30 USDT
My targets
1.40 USDT (+5.26%)
1.45 USDT (+9.02%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TEZOS - XTZ/USDT as long as the price remains well above 1.30 USDT. The buyers' bullish objective is set at 1.40 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.45 USDT. If there is any crossing, the next objective would be the resistance located at 1.56 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.4
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Additional analysis
Quotes
TEZOS - XTZ/USDT rating 1.33 USDT. On the day, this instrument gained +9.02% and was between 1.22 USDT and 1.41 USDT. This implies that the price is at +9.02% from its lowest and at -5.67% from its highest.1.22
1.41
1.33
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of TEZOS - XTZ/USDT in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel 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 | 1.16 | 1.23 | 1.30 | 1.33 | 1.45 | 1.56 | 1.68 |
| Change (%) | -12.78% | -7.52% | -2.26% | - | +9.02% | +17.29% | +26.32% |
| Change | -0.17 | -0.10 | -0.03 | - | +0.12 | +0.23 | +0.35 |
| Level | Major | Intermediate | Intermediate | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.08 | 1.14 | 1.18 | 1.24 | 1.28 | 1.34 | 1.38 |
| Camarilla | 1.19 | 1.20 | 1.21 | 1.22 | 1.23 | 1.24 | 1.25 |
| Woodie | 1.07 | 1.14 | 1.17 | 1.24 | 1.27 | 1.34 | 1.37 |
| Fibonacci | 1.14 | 1.18 | 1.20 | 1.24 | 1.28 | 1.30 | 1.34 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.89 | 0.95 | 1.06 | 1.12 | 1.23 | 1.29 | 1.40 |
| Camarilla | 1.12 | 1.14 | 1.15 | 1.17 | 1.19 | 1.20 | 1.22 |
| Woodie | 0.92 | 0.96 | 1.09 | 1.13 | 1.26 | 1.30 | 1.43 |
| Fibonacci | 0.95 | 1.02 | 1.06 | 1.12 | 1.19 | 1.23 | 1.29 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.38 | 0.57 | 0.81 | 1.00 | 1.24 | 1.43 | 1.67 |
| Camarilla | 0.94 | 0.98 | 1.02 | 1.06 | 1.10 | 1.14 | 1.18 |
| Woodie | 0.42 | 0.58 | 0.85 | 1.01 | 1.28 | 1.44 | 1.71 |
| Fibonacci | 0.57 | 0.73 | 0.83 | 1.00 | 1.16 | 1.26 | 1.43 |
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): | 60.17 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 31.14 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 1.31 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.28 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 1.23 | |
| Zig ZAG (10): | 1.32 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 47.12 | |
| TEMA (21): | 1.32 | |
| Williams %R (14): | -46.99 | |
| Chande Momentum Oscillator (20): | 0.03 | |
| Repulse (5,40,3): | 1.2300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 10.39 |
| MA7: | 1.20 | |
| MA20: | 1.15 | |
| MA50: | 1.05 | |
| MA100: | 0.98 | |
| MAexp7: | 1.31 | |
| MAexp20: | 1.28 | |
| MAexp50: | 1.26 | |
| MAexp100: | 1.23 | |
| Price / MA7: | +10.83% | |
| Price / MA20: | +15.65% | |
| Price / MA50: | +26.67% | |
| Price / MA100: | +35.71% | |
| Price / MAexp7: | +1.53% | |
| Price / MAexp20: | +3.91% | |
| Price / MAexp50: | +5.56% | |
| Price / MAexp100: | +8.13% |
Quotes :
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Real time data
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