Market in last 1 week
-XTZUSD saw an uptrend and moved sideways thereafter
-Price volatility was very high. The market moved ~23.69%, between $4.49 and $3.63
Today’s Trend analysis
-XTZUSD expected to see a continued uptrend as after riding the upper band gap up is seen with the conversion line above the baseline and green cloud
-Price at time of publishing: $4.1076
-XTZ’s market cap: $3.03 Billion
-Oscillator indicators are mostly neutral. RSI at 62
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators saw a decrease in volume as price started moving sideways with the traded volume decreased from 10.72M to 4.21M
Price expected to see a continued uptrend as with the gap up in Bollinger band and price riding the upper band with conversion line above baseline with green cloud and band expected to squeeze. Most of the Oscillator indicators are neutral. Signal line approaching MACD with histogram size decreasing in the positive region. RSI at 62, above the midline still in the neutral region. CCI is around 67, moved from the overbought region to a neutral region. Another interesting point to notice here is that volume is decreasing in the last few candles as the price started to move sideways after the breakout.
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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 and moved sideways thereafter
-Price volatility was very high. The market moved ~23.69%, between $4.49 and $3.63
Today’s Trend analysis
-XTZUSD expected to see a continued uptrend as after riding the upper band gap up is seen with the conversion line above the baseline and green cloud
-Price at time of publishing: $4.1076
-XTZ’s market cap: $3.03 Billion
-Oscillator indicators are mostly neutral. RSI at 62
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators saw a decrease in volume as price started moving sideways with the traded volume decreased from 10.72M to 4.21M
Price expected to see a continued uptrend as with the gap up in Bollinger band and price riding the upper band with conversion line above baseline with green cloud and band expected to squeeze. Most of the Oscillator indicators are neutral. Signal line approaching MACD with histogram size decreasing in the positive region. RSI at 62, above the midline still in the neutral region. CCI is around 67, moved from the overbought region to a neutral region. Another interesting point to notice here is that volume is decreasing in the last few candles as the price started to move sideways after the breakout.
----------------------------------------------------------------------------------------
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
