HORIZEN - ZEN/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ZENUSD
ISIN:

HORIZEN - ZEN/USD - 1H - Technical analysis published on 12/07/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 18.14 USD

My targets

18.86 USD (+0.69%)

19.50 USD (+4.10%)

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 18.14 USD. The buyers' bullish objective is set at 18.86 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 19.50 USD. If there is any crossing, the next objective would be the resistance located at 21.90 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.8

Comment on the analysis

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.

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Additional analysis

Quotes

HORIZEN - ZEN/USD rating 18.73 USD. On the day, this instrument gained +6.78% and was between 17.48 USD and 19.48 USD. This implies that the price is at +7.15% from its lowest and at -3.85% from its highest.

17.48

19.48

18.73

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

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:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of HORIZEN - ZEN/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	17.32	17.75	18.14	18.73	18.86	21.90	51.35
Change (%)	-7.53%	-5.23%	-3.15%	-	+0.69%	+16.92%	+174.16%
Change	-1.41	-0.98	-0.59	-	+0.13	+3.17	+32.62
Level	Intermediate	Intermediate	Minor	-	Intermediate	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.33	15.82	16.68	17.17	18.03	18.52	19.38
Camarilla	17.17	17.29	17.42	17.54	17.66	17.79	17.91
Woodie	15.52	15.91	16.87	17.26	18.22	18.61	19.57
Fibonacci	15.82	16.34	16.65	17.17	17.69	18.00	18.52

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.32	7.43	11.91	15.02	19.50	22.61	27.09
Camarilla	14.29	14.99	15.68	16.38	17.08	17.77	18.47
Woodie	5.00	7.77	12.59	15.36	20.18	22.95	27.77
Fibonacci	7.43	10.33	12.12	15.02	17.92	19.71	22.61

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-1.90	2.46	9.42	13.78	20.74	25.10	32.06
Camarilla	13.27	14.31	15.34	16.38	17.42	18.46	19.49
Woodie	-0.60	3.11	10.72	14.43	22.04	25.75	33.36
Fibonacci	2.46	6.78	9.46	13.78	18.10	20.78	25.10

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	72.72
MACD (12,26,9):	0.4300
Directional Movement:	28.45
AROON (14):	92.86
DEMA (21):	18.37
Parabolic SAR (0,02-0,02-0,2):	17.91
Elder Ray (13):	0.83
Super Trend (3,10):	17.69
Zig ZAG (10):	18.91
VORTEX (21):	1.2400
Stochastique (14,3,5):	80.09
TEMA (21):	18.64
Williams %R (14):	-28.33
Chande Momentum Oscillator (20):	1.43
Repulse (5,40,3):	0.8300
ROCnROLL:	1
TRIX (15,9):	0.2300
Courbe Coppock:	14.94

MA7:	17.39
MA20:	13.76
MA50:	10.34
MA100:	9.14
MAexp7:	18.46
MAexp20:	17.76
MAexp50:	17.42
MAexp100:	17.11
Price / MA7:	+7.71%
Price / MA20:	+36.12%
Price / MA50:	+81.14%
Price / MA100:	+104.92%
Price / MAexp7:	+1.46%
Price / MAexp20:	+5.46%
Price / MAexp50:	+7.52%
Price / MAexp100:	+9.47%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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