TEZOS - XTZ/USD - Daily - Technical analysis published on 12/24/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 1.29 USD
My targets
1.36 USD (+2.48%)
1.56 USD (+17.29%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.29 USD remains possible. It is advisable to trade TEZOS - XTZ/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.29 USD. The next bullish objective for buyers is set at 1.36 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.56 USD. If there is any crossing, the next objective would be the resistance located at 1.79 USD. PS: if there is a bearish break in the support located at 1.29 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.9
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This analysis was given by Mark Thomer. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
TEZOS - XTZ/USD rating 1.33 USD. The price registered a decrease of -2.21% on the session and was traded between 1.31 USD and 1.36 USD over the period. The price is currently at +1.53% from its lowest and -2.21% from its highest.1.31
1.36
1.33
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this TEZOS - XTZ/USD chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.99 | 1.18 | 1.29 | 1.33 | 1.56 | 1.79 | 1.91 |
| Change (%) | -25.56% | -11.28% | -3.01% | - | +17.29% | +34.59% | +43.61% |
| Change | -0.34 | -0.15 | -0.04 | - | +0.23 | +0.46 | +0.58 |
| Level | Minor | Major | Minor | - | Major | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.13 | 1.17 | 1.27 | 1.31 | 1.41 | 1.45 | 1.55 |
| Camarilla | 1.32 | 1.33 | 1.35 | 1.36 | 1.37 | 1.39 | 1.40 |
| Woodie | 1.15 | 1.19 | 1.29 | 1.33 | 1.43 | 1.47 | 1.57 |
| Fibonacci | 1.17 | 1.23 | 1.26 | 1.31 | 1.37 | 1.40 | 1.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.60 | 0.84 | 1.07 | 1.31 | 1.54 | 1.78 | 2.01 |
| Camarilla | 1.17 | 1.21 | 1.26 | 1.30 | 1.34 | 1.39 | 1.43 |
| Woodie | 0.60 | 0.84 | 1.07 | 1.31 | 1.54 | 1.78 | 2.01 |
| Fibonacci | 0.84 | 1.02 | 1.13 | 1.31 | 1.49 | 1.60 | 1.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.40 | 0.09 | 0.87 | 1.36 | 2.14 | 2.63 | 3.41 |
| Camarilla | 1.29 | 1.41 | 1.52 | 1.64 | 1.76 | 1.87 | 1.99 |
| Woodie | -0.27 | 0.16 | 1.01 | 1.43 | 2.28 | 2.70 | 3.55 |
| Fibonacci | 0.09 | 0.58 | 0.88 | 1.36 | 1.85 | 2.15 | 2.63 |
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): | 48.88 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 1.81 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 1.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.62 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 1.13 | |
| Zig ZAG (10): | 1.34 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 46.14 | |
| TEMA (21): | 1.29 | |
| Williams %R (14): | -46.81 | |
| Chande Momentum Oscillator (20): | -0.15 | |
| Repulse (5,40,3): | 5.4900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.3900 | |
| Courbe Coppock: | 32.70 |
| MA7: | 1.29 | |
| MA20: | 1.46 | |
| MA50: | 1.23 | |
| MA100: | 0.95 | |
| MAexp7: | 1.32 | |
| MAexp20: | 1.38 | |
| MAexp50: | 1.25 | |
| MAexp100: | 1.07 | |
| Price / MA7: | +3.10% | |
| Price / MA20: | -8.90% | |
| Price / MA50: | +8.13% | |
| Price / MA100: | +40.00% | |
| Price / MAexp7: | +0.76% | |
| Price / MAexp20: | -3.62% | |
| Price / MAexp50: | +6.40% | |
| Price / MAexp100: | +24.30% |
Quotes :
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Real time data
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