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 11/18/2024 (GMT)
- 152
- 0
- 11/18/2024 - 14:50
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 11/18/2024 - 14:50
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 9.24 USD
My targets
9.75 USD (+4.50%)
10.82 USD (+15.94%)
My analysis
With a bullish background trend, the price of HORIZEN - ZEN/USD is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 9.24 USD. A bullish break in the resistance located at 9.75 USD would boost the bullish momentum and fuel the basic trend. Then the price could move towards 10.82 USD. Then 10.86 USD by extension. It would be safer to wait for a bullish break in the resistance located at 9.75 USD before allowing yourself to re trade long positions (at purchase) on HORIZEN - ZEN/USD. PS: if there is a bearish break in the support located at 9.24 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
0.5
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
The HORIZEN - ZEN/USD price is 9.33 USD. The price registered a decrease of -0.43% on the session and was traded between 9.10 USD and 9.68 USD over the period. The price is currently at +2.53% from its lowest and -3.62% from its highest.9.10
9.68
9.33
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of HORIZEN - ZEN/USD in 1H shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the current slightly bearish signals from short-term moving averages indicate that the overall trend may be slowing down. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 3 are bullish, 9 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
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 | 8.41 | 8.77 | 9.24 | 9.33 | 9.75 | 10.86 | 12.92 |
| Change (%) | -9.86% | -6.00% | -0.96% | - | +4.50% | +16.40% | +38.48% |
| Change | -0.92 | -0.56 | -0.09 | - | +0.42 | +1.53 | +3.59 |
| Level | Intermediate | Major | Intermediate | - | 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 | 8.20 | 8.58 | 8.97 | 9.35 | 9.74 | 10.12 | 10.51 |
| Camarilla | 9.16 | 9.23 | 9.30 | 9.37 | 9.44 | 9.51 | 9.58 |
| Woodie | 8.22 | 8.58 | 8.99 | 9.35 | 9.76 | 10.12 | 10.53 |
| Fibonacci | 8.58 | 8.87 | 9.05 | 9.35 | 9.64 | 9.82 | 10.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.70 | 6.91 | 8.26 | 9.47 | 10.82 | 12.03 | 13.38 |
| Camarilla | 8.90 | 9.13 | 9.37 | 9.60 | 9.84 | 10.07 | 10.30 |
| Woodie | 5.76 | 6.95 | 8.32 | 9.51 | 10.88 | 12.07 | 13.44 |
| Fibonacci | 6.91 | 7.89 | 8.50 | 9.47 | 10.45 | 11.06 | 12.03 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.18 | 6.11 | 6.74 | 7.67 | 8.30 | 9.23 | 9.86 |
| Camarilla | 6.95 | 7.09 | 7.24 | 7.38 | 7.52 | 7.67 | 7.81 |
| Woodie | 5.04 | 6.04 | 6.60 | 7.60 | 8.16 | 9.16 | 9.72 |
| Fibonacci | 6.11 | 6.70 | 7.07 | 7.67 | 8.26 | 8.63 | 9.23 |
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): | 49.86 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -7.63 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 9.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.63 | |
| Elder Ray (13): | -0.09 | |
| Super Trend (3,10): | 9.21 | |
| Zig ZAG (10): | 9.43 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 36.21 | |
| TEMA (21): | 9.40 | |
| Williams %R (14): | -55.17 | |
| Chande Momentum Oscillator (20): | -0.16 | |
| Repulse (5,40,3): | 1.4900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 0.52 |
| MA7: | 9.18 | |
| MA20: | 8.26 | |
| MA50: | 8.03 | |
| MA100: | 8.02 | |
| MAexp7: | 9.37 | |
| MAexp20: | 9.40 | |
| MAexp50: | 9.34 | |
| MAexp100: | 9.21 | |
| Price / MA7: | +1.63% | |
| Price / MA20: | +12.95% | |
| Price / MA50: | +16.19% | |
| Price / MA100: | +16.33% | |
| Price / MAexp7: | -0.43% | |
| Price / MAexp20: | -0.74% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | +1.30% |
Quotes :
11/18/2024 - 14:48
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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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