TEZOS - XTZ/USD - 1H - Technical analysis published on 04/20/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 0.980000 USD
My targets
1.073333 USD (+4.21%)
1.130000 USD (+9.71%)
My analysis
TEZOS - XTZ/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.980000 USD. The next resistance located at 1.073333 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.130000 USD. After this resistance, buyers could then target 1.260000 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TEZOS - XTZ/USD rating is 1.030000 USD. The price has increased by +4.04% since the last closing with the lowest point at 0.950000 USD and the highest point at 1.030000 USD. The deviation from the price is +8.42% for the low point and 0% for the high point.0.950000
1.030000
1.030000
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of TEZOS - XTZ/USD in 1H shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.850000 | 0.930000 | 0.980000 | 1.030000 | 1.030000 | 1.130000 | 1.260000 |
| Change (%) | -17.48% | -9.71% | -4.85% | 0% | - | +9.71% | +22.33% |
| Change | -0.180000 | -0.100000 | -0.050000 | 0 | - | +0.100000 | +0.230000 |
| Level | Intermediate | Major | Intermediate | Major | - | Intermediate | 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 | 0.826667 | 0.863333 | 0.926667 | 0.963333 | 1.026667 | 1.063333 | 1.126667 |
| Camarilla | 0.962500 | 0.971667 | 0.980833 | 0.990000 | 0.999167 | 1.008333 | 1.017500 |
| Woodie | 0.840000 | 0.870000 | 0.940000 | 0.970000 | 1.040000 | 1.070000 | 1.140000 |
| Fibonacci | 0.863333 | 0.901533 | 0.925133 | 0.963333 | 1.001533 | 1.025133 | 1.063333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.266667 | 0.563333 | 0.776667 | 1.073333 | 1.286667 | 1.583333 | 1.796667 |
| Camarilla | 0.849750 | 0.896500 | 0.943250 | 0.990000 | 1.036750 | 1.083500 | 1.130250 |
| Woodie | 0.225000 | 0.542500 | 0.735000 | 1.052500 | 1.245000 | 1.562500 | 1.755000 |
| Fibonacci | 0.563333 | 0.758153 | 0.878513 | 1.073333 | 1.268153 | 1.388513 | 1.583333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.666667 | 0.883333 | 1.156667 | 1.373333 | 1.646667 | 1.863333 | 2.136667 |
| Camarilla | 1.295250 | 1.340167 | 1.385083 | 1.430000 | 1.474917 | 1.519833 | 1.564750 |
| Woodie | 0.695000 | 0.897500 | 1.185000 | 1.387500 | 1.675000 | 1.877500 | 2.165000 |
| Fibonacci | 0.883333 | 1.070513 | 1.186153 | 1.373333 | 1.560513 | 1.676153 | 1.863333 |
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): | 53.14 | |
| MACD (12,26,9): | 0.0053 | |
| Directional Movement: | -4.421518 | |
| AROON (14): | 78.571429 | |
| DEMA (21): | 0.991043 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.953200 | |
| Elder Ray (13): | 0.018742 | |
| Super Trend (3,10): | 1.014172 | |
| Zig ZAG (10): | 0.990000 | |
| VORTEX (21): | 1.0435 | |
| Stochastique (14,3,5): | 54.17 | |
| TEMA (21): | 0.992079 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | 0.000000 | |
| Repulse (5,40,3): | -3.6720 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0944 | |
| Courbe Coppock: | 0.50 |
| MA7: | 0.994286 | |
| MA20: | 1.152500 | |
| MA50: | 1.285000 | |
| MA100: | 1.169000 | |
| MAexp7: | 0.990605 | |
| MAexp20: | 0.983536 | |
| MAexp50: | 0.976827 | |
| MAexp100: | 0.988558 | |
| Price / MA7: | +3.59% | |
| Price / MA20: | -10.63% | |
| Price / MA50: | -19.84% | |
| Price / MA100: | -11.89% | |
| Price / MAexp7: | +3.98% | |
| Price / MAexp20: | +4.72% | |
| Price / MAexp50: | +5.44% | |
| Price / MAexp100: | +4.19% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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