HORIZEN - ZEN/USD
-
USD
(-)
- Real time data - CoinMarketCap
| Open: | - |
| Change: | - |
| Volume: | - |
| Low: | - |
| High: | - |
| High / Low range: | - |
| Type: | Cryptocurrencies |
| Ticker: | ZENUSD |
| ISIN: |
HORIZEN - ZEN/USD - 1H - Technical analysis published on 04/28/2023 (GMT)
- 157
- 0
- 04/28/2023 - 23:03
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on 04/28/2023 - 23:03
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 9.59 USD
My targets
10.28 USD (+4.05%)
10.39 USD (+5.16%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on HORIZEN - ZEN/USD as long as the price remains well above 9.59 USD. The buyers' bullish objective is set at 10.28 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10.39 USD. If there is any crossing, the next objective would be the resistance located at 11.00 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
HORIZEN - ZEN/USD rating 9.88 USD. On the day, this instrument lost -0.10% and was traded between 9.58 USD and 9.88 USD over the period. The price is currently at +3.13% from its lowest and 0% from its highest.9.58
9.88
9.88
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by HORIZEN - ZEN/USD:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of HORIZEN - ZEN/USD in 1H shows an overall bullish trend. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.46 | 9.59 | 9.86 | 9.88 | 10.28 | 10.39 | 11.00 |
| Change (%) | -4.25% | -2.94% | -0.20% | - | +4.05% | +5.16% | +11.34% |
| Change | -0.42 | -0.29 | -0.02 | - | +0.40 | +0.51 | +1.12 |
| Level | Intermediate | Minor | Major | - | Major | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.24 | 9.42 | 9.65 | 9.83 | 10.06 | 10.24 | 10.47 |
| Camarilla | 9.78 | 9.82 | 9.85 | 9.89 | 9.93 | 9.97 | 10.00 |
| Woodie | 9.28 | 9.43 | 9.69 | 9.84 | 10.10 | 10.25 | 10.51 |
| Fibonacci | 9.42 | 9.57 | 9.67 | 9.83 | 9.98 | 10.08 | 10.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.25 | 7.77 | 8.75 | 10.27 | 11.25 | 12.77 | 13.75 |
| Camarilla | 9.05 | 9.28 | 9.51 | 9.74 | 9.97 | 10.20 | 10.43 |
| Woodie | 5.99 | 7.64 | 8.49 | 10.14 | 10.99 | 12.64 | 13.49 |
| Fibonacci | 7.77 | 8.72 | 9.31 | 10.27 | 11.22 | 11.81 | 12.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.37 | 7.48 | 9.26 | 10.37 | 12.15 | 13.26 | 15.04 |
| Camarilla | 10.25 | 10.51 | 10.78 | 11.04 | 11.31 | 11.57 | 11.84 |
| Woodie | 6.71 | 7.65 | 9.60 | 10.54 | 12.49 | 13.43 | 15.38 |
| Fibonacci | 7.48 | 8.58 | 9.27 | 10.37 | 11.47 | 12.16 | 13.26 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.55 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | 0.23 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 9.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.59 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 9.93 | |
| Zig ZAG (10): | 9.83 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 85.33 | |
| TEMA (21): | 9.74 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.11 | |
| Repulse (5,40,3): | 0.3900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.72 |
| MA7: | 9.77 | |
| MA20: | 10.39 | |
| MA50: | 10.39 | |
| MA100: | 10.95 | |
| MAexp7: | 9.79 | |
| MAexp20: | 9.76 | |
| MAexp50: | 9.77 | |
| MAexp100: | 9.79 | |
| Price / MA7: | +1.13% | |
| Price / MA20: | -4.91% | |
| Price / MA50: | -4.91% | |
| Price / MA100: | -9.77% | |
| Price / MAexp7: | +0.92% | |
| Price / MAexp20: | +1.23% | |
| Price / MAexp50: | +1.13% | |
| Price / MAexp100: | +0.92% |
Quotes :
04/28/2023 - 22:59
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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