XTZUSD to see an uptrend(1D)! | RSI, CCI in oversold region
Market in last 1 week
Today’s Trend analysis
Price expected to see an uptrend as the price is trading between midline and lower band with lower band acting as support, along with gap down, price to get support from lower band and increase. Most of the Oscillator indicators are neutral. MACD line moving below the signal line with histogram size increasing in the negative region, suggesting a bearish bias. RSI at 28, in the oversold region indicating an uptrend. CCI is around -206, in the oversold region indicatng also an uptrend. Another interesting point to notice here is that volume saw an increase as red candles were observed with a low value for blue candle indicating a strong selling pressure.
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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 a downtrend breaking the lower band with high level of volumes
- Price volatility was very high. The market moved ~40.06%, between $2.67 and $1.91
Today’s Trend analysis
- XTZUSD expected to see an uptrend as the price is trading between midline and lower band with lower band acting as support, along with gap down, price to get support from lower band and increase
- Price at time of publishing: $2.03
- XTZ’s market cap: $1.51 Billion
- Oscillator indicators are mostly neutral. RSI at 28
- Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral and Hull MA indicates a buying opportunity
- Volume indicators saw an increase as red candles were observed with a low value for blue candle
Price expected to see an uptrend as the price is trading between midline and lower band with lower band acting as support, along with gap down, price to get support from lower band and increase. Most of the Oscillator indicators are neutral. MACD line moving below the signal line with histogram size increasing in the negative region, suggesting a bearish bias. RSI at 28, in the oversold region indicating an uptrend. CCI is around -206, in the oversold region indicatng also an uptrend. Another interesting point to notice here is that volume saw an increase as red candles were observed with a low value for blue candle indicating a strong selling pressure.
----------------------------------------------------------------------------------------
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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