HORIZEN - ZEN/USD - 1H - Technical analysis published on 10/24/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
28%
28%
My opinion
Bearish under 7.98 USD
My targets
7.45 USD (-2.74%)
7.02 USD (-8.36%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on HORIZEN - ZEN/USD as long as the price remains well below 7.98 USD. The sellers' bearish objective is set at 7.45 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.02 USD. In case of crossing, the next objective would be the support located at 6.36 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The HORIZEN - ZEN/USD rating is 7.66 USD. The price is lower by -0.39% since the last closing and was traded between 7.65 USD and 7.82 USD over the period. The price is currently at +0.13% from its lowest and -2.05% from its highest.7.65
7.82
7.66
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this HORIZEN - ZEN/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.36 | 7.02 | 7.45 | 7.66 | 7.69 | 7.98 | 8.23 |
| Change (%) | -16.97% | -8.36% | -2.74% | - | +0.39% | +4.18% | +7.44% |
| Change | -1.30 | -0.64 | -0.21 | - | +0.03 | +0.32 | +0.57 |
| Level | Minor | Major | Minor | - | Major | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.94 | 7.20 | 7.44 | 7.70 | 7.94 | 8.20 | 8.44 |
| Camarilla | 7.55 | 7.60 | 7.64 | 7.69 | 7.74 | 7.78 | 7.83 |
| Woodie | 6.94 | 7.20 | 7.44 | 7.70 | 7.94 | 8.20 | 8.44 |
| Fibonacci | 7.20 | 7.39 | 7.51 | 7.70 | 7.89 | 8.01 | 8.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.02 | 7.43 | 7.78 | 8.19 | 8.54 | 8.95 | 9.30 |
| Camarilla | 7.93 | 8.00 | 8.07 | 8.14 | 8.21 | 8.28 | 8.35 |
| Woodie | 7.00 | 7.42 | 7.76 | 8.18 | 8.52 | 8.94 | 9.28 |
| Fibonacci | 7.43 | 7.72 | 7.90 | 8.19 | 8.48 | 8.66 | 8.95 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.52 | 6.36 | 7.20 | 8.04 | 8.88 | 9.72 | 10.56 |
| Camarilla | 7.59 | 7.74 | 7.90 | 8.05 | 8.20 | 8.36 | 8.51 |
| Woodie | 5.53 | 6.36 | 7.21 | 8.04 | 8.89 | 9.72 | 10.57 |
| Fibonacci | 6.36 | 7.00 | 7.40 | 8.04 | 8.68 | 9.08 | 9.72 |
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): | 42.03 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -1.51 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 7.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.55 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 7.75 | |
| Zig ZAG (10): | 7.66 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 58.56 | |
| TEMA (21): | 7.66 | |
| Williams %R (14): | -45.95 | |
| Chande Momentum Oscillator (20): | 0.10 | |
| Repulse (5,40,3): | -1.0900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 0.46 |
| MA7: | 8.00 | |
| MA20: | 8.02 | |
| MA50: | 8.01 | |
| MA100: | 8.53 | |
| MAexp7: | 7.68 | |
| MAexp20: | 7.69 | |
| MAexp50: | 7.78 | |
| MAexp100: | 7.89 | |
| Price / MA7: | -4.25% | |
| Price / MA20: | -4.49% | |
| Price / MA50: | -4.37% | |
| Price / MA100: | -10.20% | |
| Price / MAexp7: | -0.26% | |
| Price / MAexp20: | -0.39% | |
| Price / MAexp50: | -1.54% | |
| Price / MAexp100: | -2.92% |
Quotes :
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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.
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