XTZUSD expected to see an uptrend (1D) | Suggests a breakout
Market in last 1 week
-XTZUSD saw an uptrend with high as $4.43
-Price volatility was very very high. The market moved ~95.1%, between $4.43 and $2.27
Today’s Trend analysis
-XTZUSD expected to see a continued uptrend as it was riding the Bollinger bands and with the volume not that loo breakout is expected
-Price at time of publishing: $4.04
-XTZ’s market cap: $2.96 Billion
-Oscillator indicators are mostly neutral. RSI at 66
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators saw increase in volume with a slight decrease in the last candle which are above the 20-candle moving average
Price expected to see a continued uptrend as first the price was moving inside the bands with Upper band acting as resistance and lower as support but in the last few candles the price is riding the bands along with a substantial volume is traded suggesting a breakout. Most of the Oscillator indicators are neutral. MACD histogram size increasing in the positive region, with MACD line above the signal line. RSI at 66, above the midline in the neutral region. CCI is around 148, in the overbought region suggesting a bullish bias. Another interesting point to notice here is that volume is increasing in the last few candles being above the 20-candle moving average.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume.
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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
-XTZUSD saw an uptrend with high as $4.43
-Price volatility was very very high. The market moved ~95.1%, between $4.43 and $2.27
Today’s Trend analysis
-XTZUSD expected to see a continued uptrend as it was riding the Bollinger bands and with the volume not that loo breakout is expected
-Price at time of publishing: $4.04
-XTZ’s market cap: $2.96 Billion
-Oscillator indicators are mostly neutral. RSI at 66
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators saw increase in volume with a slight decrease in the last candle which are above the 20-candle moving average
Price expected to see a continued uptrend as first the price was moving inside the bands with Upper band acting as resistance and lower as support but in the last few candles the price is riding the bands along with a substantial volume is traded suggesting a breakout. Most of the Oscillator indicators are neutral. MACD histogram size increasing in the positive region, with MACD line above the signal line. RSI at 66, above the midline in the neutral region. CCI is around 148, in the overbought region suggesting a bullish bias. Another interesting point to notice here is that volume is increasing in the last few candles being above the 20-candle moving average.
----------------------------------------------------------------------------------------
The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume.
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
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