XTZUSD to see an uptrend(1D) | MACD Bullish | Midline Support

Market in last 1 week

• XTZUSD saw a sideways movement with the price riding the midline Bollinger band
  
• Price volatility was very high. The market moved ~11.01%, between $2.200 and $1.9817
  

Today’s Trend analysis

• XTZUSD expected to see an uptrend as the price after riding the midline band got midline support
  
• Price at time of publishing: $2.1269
  
• XTZ’s market cap: $1.59 Billion
  
• Oscillator indicators are mostly neutral. RSI at 52
  
• Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral and Hull MA indicates a buying opportunity
  
• Volume indicators saw a decrease in volume with price moving sideways while volume started to increase as price saw a decline
  

Price expected to see an uptrend as the price after riding the midline band got midline support. Most of the Oscillator indicators are neutral. MACD line moving above the signal line with histogram size decreasing in the positive region, suggesting a bullish bias. RSI at 52, close to the midline in the neutral region. CCI is around 77, in the neutral region with a slight upmove. Another interesting point to notice here is that volume saw a decrease in volume with price moving sideways while volume started to increase as price saw a decline indicating a shift from buyers to sellers.
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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.

Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .

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- Mudrex