XTZUSD to see a slight uptrend(1D) | Lower highs observed

Market in last 1 week

• XTZUSD saw a slight uptrend after riding the lower band and moving up
  
• Price volatility was very high. The market moved ~14.3%, between $2.74 and $2.4
  

Today’s Trend analysis

• XTZUSD expected to see an uptrend as the price is trading between midline and lower band with lower highs observed
  
• Price at time of publishing: $2.67
  
• XTZ’s market cap: $1.98 Billion
  
• Oscillator indicators are mostly neutral. RSI at 41
  
• Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral and Hull MA indicates a buying opportunity
  
• Volume indicators saw a decrease in initial candles while an increase afterward with a low value for red candle
  

Price expected to see an uptrend as the price is trading between midline and lower band with lower highs observed. Most of the Oscillator indicators are neutral. MACD line crossed above the signal line with the histogram moving from negative to positive region, suggesting a bullish bias. RSI at 41, below the midline still in the neutral region. CCI is around -33, in the neutral region with an up move. Another interesting point to notice here is that volume saw a decrease in initial candles while an increase afterward with a low value for red candles indicating a shift from sellers to buyers.
----------------------------------------------------------------------------------------

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