HORIZEN - ZEN/USD

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Type:	Cryptocurrencies
Ticker:	ZENUSD
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HORIZEN - ZEN/USD - 1H - Technical analysis published on 01/02/2025 (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

94%

My opinion

Bullish above 30.78 USD

My targets

35.30 USD (+11.53%)

39.00 USD (+23.22%)

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 30.78 USD. The buyers' bullish objective is set at 35.30 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 39.00 USD. If there is any crossing, the next objective would be the resistance located at 42.15 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.

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 31.65 USD. The price has increased by +8.32% since the last closing and was traded between 28.87 USD and 32.32 USD over the period. The price is currently at +9.63% from its lowest and -2.07% from its highest.

28.87

32.32

31.65

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

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 result:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this 1H chart of HORIZEN - ZEN/USD indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 17 technical indicators on 18 studied are currently positioned 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

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	21.89	27.59	30.78	31.65	39.00	42.15	46.37
Change (%)	-30.84%	-12.83%	-2.75%	-	+23.22%	+33.18%	+46.51%
Change	-9.76	-4.06	-0.87	-	+7.35	+10.50	+14.72
Level	Minor	Intermediate	Major	-	Major	Minor	Minor

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	24.46	26.03	27.62	29.19	30.78	32.35	33.94
Camarilla	28.35	28.64	28.93	29.22	29.51	29.80	30.09
Woodie	24.48	26.04	27.64	29.20	30.80	32.36	33.96
Fibonacci	26.03	27.23	27.98	29.19	30.39	31.14	32.35

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-3.50	11.00	20.80	35.30	45.10	59.60	69.40
Camarilla	23.92	26.15	28.37	30.60	32.83	35.06	37.28
Woodie	-5.85	9.83	18.45	34.13	42.75	58.43	67.05
Fibonacci	11.00	20.28	26.02	35.30	44.58	50.32	59.60

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-26.94	-7.42	10.76	30.28	48.46	67.98	86.16
Camarilla	18.57	22.03	25.48	28.94	32.40	35.85	39.31
Woodie	-27.61	-7.76	10.09	29.95	47.79	67.65	85.49
Fibonacci	-7.42	6.98	15.88	30.28	44.68	53.58	67.98

Numerical data

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

Technical indicators

Moving averages

RSI (14):	73.10
MACD (12,26,9):	0.5200
Directional Movement:	28.07
AROON (14):	85.71
DEMA (21):	30.63
Parabolic SAR (0,02-0,02-0,2):	29.56
Elder Ray (13):	1.00
Super Trend (3,10):	29.38
Zig ZAG (10):	31.57
VORTEX (21):	1.1600
Stochastique (14,3,5):	86.58
TEMA (21):	31.13
Williams %R (14):	-3.76
Chande Momentum Oscillator (20):	2.17
Repulse (5,40,3):	6.3200
ROCnROLL:	1
TRIX (15,9):	0.1700
Courbe Coppock:	8.34

MA7:	29.60
MA20:	26.33
MA50:	18.56
MA100:	13.27
MAexp7:	30.77
MAexp20:	30.00
MAexp50:	29.44
MAexp100:	29.58
Price / MA7:	+6.93%
Price / MA20:	+20.21%
Price / MA50:	+70.53%
Price / MA100:	+138.51%
Price / MAexp7:	+2.86%
Price / MAexp20:	+5.50%
Price / MAexp50:	+7.51%
Price / MAexp100:	+7.00%

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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