TEZOS - XTZ/USDT

- USDT (-)

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Type:	Cryptocurrencies
Ticker:	XTZUSDT
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TEZOS - XTZ/USDT - Daily - Technical analysis published on 02/10/2020 (GMT)

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Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 2.33 USDT

My targets

2.67 USDT (+3.89%)

3.11 USDT (+20.86%)

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 2.33 USDT. The buyers” bullish objective is set at 2.67 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.11 USDT. If there is any crossing, the next objective would be the resistance located at 5.26 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

FORCE

8.9

Comment on the analysis

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 a1td. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

TEZOS - XTZ/USDT rating 2.57 USDT. The price has increased by -1.91% since the last closing with the lowest point at 2.45 USDT and the highest point at 2.73 USDT. The deviation from the price is +4.90% for the low point and -5.86% for the high point.

2.45

2.73

2.57

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

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:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of TEZOS - XTZ/USDT in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Long white line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.24	1.59	1.77	2.57	2.67	5.26	5.80
Change (%)	-51.75%	-38.13%	-31.13%	-	+3.89%	+104.67%	+125.68%
Change	-1.33	-0.98	-0.80	-	+0.10	+2.69	+3.23
Level	Intermediate	Minor	Major	-	Minor	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	1.88	2.08	2.35	2.54	2.81	3.01	3.28
Camarilla	2.49	2.54	2.58	2.62	2.66	2.71	2.75
Woodie	1.92	2.10	2.39	2.56	2.85	3.03	3.32
Fibonacci	2.08	2.26	2.36	2.54	2.72	2.83	3.01

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.27	1.48	1.88	2.09	2.49	2.71	3.11
Camarilla	2.11	2.17	2.23	2.28	2.34	2.39	2.45
Woodie	1.36	1.53	1.98	2.14	2.59	2.75	3.20
Fibonacci	1.48	1.71	1.86	2.09	2.33	2.47	2.71

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.85	1.04	1.35	1.53	1.84	2.02	2.33
Camarilla	1.52	1.56	1.61	1.65	1.70	1.74	1.79
Woodie	0.91	1.07	1.41	1.56	1.90	2.06	2.39
Fibonacci	1.04	1.23	1.34	1.53	1.72	1.84	2.02

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):	85.48
MACD (12,26,9):	0.2700
Directional Movement:	29.77
AROON (14):	92.86
DEMA (21):	2.28
Parabolic SAR (0,02-0,02-0,2):	2.01
Elder Ray (13):	0.47
Super Trend (3,10):	1.99
Zig ZAG (10):	2.62
VORTEX (21):	1.2800
Stochastique (14,3,5):	92.87
TEMA (21):	2.46
Williams %R (14):	-9.12
Chande Momentum Oscillator (20):	1.06
Repulse (5,40,3):	18.0100
ROCnROLL:	1
TRIX (15,9):	1.7100
Courbe Coppock:	96.15

MA7:	2.27
MA20:	1.86
MA50:	1.56
MA100:	1.42
MAexp7:	2.32
MAexp20:	1.96
MAexp50:	1.67
MAexp100:	1.49
Price / MA7:	+13.22%
Price / MA20:	+38.17%
Price / MA50:	+64.74%
Price / MA100:	+80.99%
Price / MAexp7:	+10.78%
Price / MAexp20:	+31.12%
Price / MAexp50:	+53.89%
Price / MAexp100:	+72.48%

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

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