XTZUSD to move sideways(1D) | Trade inside the bands
Market in last 1 week
-XTZUSD saw a downtrend and got support from lower Bollinger band at $3.11
-Price volatility was very high. The market moved ~12.9%, between $3.51 and $3.11
Today’s Trend analysis
-XTZUSD expected to see a sideways movement as the price saw support from the lower band with Bollinger band seeing a fall
-Price at time of publishing: $3.27
-XTZ’s market cap: $2.43 Billion
-Oscillator indicators are mostly neutral. RSI at 45
-Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral and Hull MA indicates a buying opportunity
-Volume indicators saw an increase in recent red candles while a decrease in the blue candles
Price expected to see a sideways movement as the price saw support from the lower band with the Bollinger band seeing a fall. Most of the Oscillator indicators are neutral. MACD approaching from below the signal line with histogram size decreasing in the negative direction, suggesting a bearish bias. RSI at 45, below the midline still in the neutral region. CCI is around -78, increased from the oversold region to the neutral region. Another interesting point to notice here is that price is trading inside the bands with volume increasing ith red candles and decreasing with blue ones, indicating a strengthen 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 and got support from lower Bollinger band at $3.11
-Price volatility was very high. The market moved ~12.9%, between $3.51 and $3.11
Today’s Trend analysis
-XTZUSD expected to see a sideways movement as the price saw support from the lower band with Bollinger band seeing a fall
-Price at time of publishing: $3.27
-XTZ’s market cap: $2.43 Billion
-Oscillator indicators are mostly neutral. RSI at 45
-Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral and Hull MA indicates a buying opportunity
-Volume indicators saw an increase in recent red candles while a decrease in the blue candles
Price expected to see a sideways movement as the price saw support from the lower band with the Bollinger band seeing a fall. Most of the Oscillator indicators are neutral. MACD approaching from below the signal line with histogram size decreasing in the negative direction, suggesting a bearish bias. RSI at 45, below the midline still in the neutral region. CCI is around -78, increased from the oversold region to the neutral region. Another interesting point to notice here is that price is trading inside the bands with volume increasing ith red candles and decreasing with blue ones, indicating a strengthen 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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