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. ----------------------------------------------------------------------------------------
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 .
nice technical breakdown. overall when i comes to crypto ,its insanely volatile so i normally recommend for beginners to hold than trading. cause it requires a different skill of pyschology to up their game. as a holder you can settle through the volatile without the fear of be wiped out if you know the long term value of the blockchain projects.You will be mind blow by how much money you can make as a holder for couple of year cause this technology is kinda like the internet era. you could move a needle in your life with just small investment and holding for long term
john_markwah
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Good Work
Mudrex
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DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.
ShinForex1
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@Mudrex, wonderful breakdown.The more exciting part will be if you do value preposition on your blockchain project post!! vision of company and underlying technology . This will drastically shift your perspective of the project to long tern
Mudrex
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Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .