CRYPTO 0X - ZRX/USDT - 1H - Technical analysis published on 03/06/2023 (GMT)
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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
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
78%
0%
22%
My opinion
Bearish under 0.251306 USDT
My targets
0.224744 USDT (-6.32%)
0.209900 USDT (-12.51%)
My analysis
In a bearish trend, the price of CRYPTO 0X - ZRX/USDT tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 0.251306 USDT. A bearish break in the support located at 0.224744 USDT would revive the bearish momentum and fuel the basic trend. Then the price could move towards 0.209900 USDT. Then 0.198983 USDT by extension. It would be safer to wait for a bearish break in the support located at 0.224744 USDT before allowing yourself to re trade short positions (for sale) on CRYPTO 0X - ZRX/USDT. PS: if there is a bullish break in the resistance located at 0.251306 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0
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Additional analysis
Quotes
CRYPTO 0X - ZRX/USDT rating 0.239900 USDT. The price registered an increase of +0.88% on the session and was between 0.231700 USDT and 0.241100 USDT. This implies that the price is at +3.54% from its lowest and at -0.50% from its highest.0.231700
0.241100
0.239900
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of CRYPTO 0X - ZRX/USDT indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.149689 | 0.198983 | 0.224744 | 0.239900 | 0.251306 | 0.260229 | 0.272255 |
| Change (%) | -37.60% | -17.06% | -6.32% | - | +4.75% | +8.47% | +13.49% |
| Change | -0.090211 | -0.040917 | -0.015156 | - | +0.011406 | +0.020329 | +0.032355 |
| Level | Major | Minor | Minor | - | Intermediate | Major | Intermediate |
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 | 0.221933 | 0.228667 | 0.233233 | 0.239967 | 0.244533 | 0.251267 | 0.255833 |
| Camarilla | 0.234693 | 0.235728 | 0.236764 | 0.237800 | 0.238836 | 0.239872 | 0.240908 |
| Woodie | 0.220850 | 0.228125 | 0.232150 | 0.239425 | 0.243450 | 0.250725 | 0.254750 |
| Fibonacci | 0.228667 | 0.232983 | 0.235650 | 0.239967 | 0.244283 | 0.246950 | 0.251267 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.123200 | 0.179500 | 0.209900 | 0.266200 | 0.296600 | 0.352900 | 0.383300 |
| Camarilla | 0.216458 | 0.224405 | 0.232353 | 0.240300 | 0.248248 | 0.256195 | 0.264143 |
| Woodie | 0.110250 | 0.173025 | 0.196950 | 0.259725 | 0.283650 | 0.346425 | 0.370350 |
| Fibonacci | 0.179500 | 0.212619 | 0.233081 | 0.266200 | 0.299319 | 0.319781 | 0.352900 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.116200 | 0.162200 | 0.209500 | 0.255500 | 0.302800 | 0.348800 | 0.396100 |
| Camarilla | 0.231143 | 0.239695 | 0.248248 | 0.256800 | 0.265353 | 0.273905 | 0.282458 |
| Woodie | 0.116850 | 0.162525 | 0.210150 | 0.255825 | 0.303450 | 0.349125 | 0.396750 |
| Fibonacci | 0.162200 | 0.197841 | 0.219859 | 0.255500 | 0.291141 | 0.313159 | 0.348800 |
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): | 57.47 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | 6.121901 | |
| AROON (14): | 78.571429 | |
| DEMA (21): | 0.237242 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.234750 | |
| Elder Ray (13): | 0.002242 | |
| Super Trend (3,10): | 0.234227 | |
| Zig ZAG (10): | 0.240100 | |
| VORTEX (21): | 0.9782 | |
| Stochastique (14,3,5): | 93.20 | |
| TEMA (21): | 0.238711 | |
| Williams %R (14): | -10.64 | |
| Chande Momentum Oscillator (20): | 0.007600 | |
| Repulse (5,40,3): | 0.7216 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0684 | |
| Courbe Coppock: | 2.50 |
| MA7: | 0.257643 | |
| MA20: | 0.250640 | |
| MA50: | 0.232942 | |
| MA100: | 0.204457 | |
| MAexp7: | 0.238921 | |
| MAexp20: | 0.237928 | |
| MAexp50: | 0.240736 | |
| MAexp100: | 0.247324 | |
| Price / MA7: | -6.89% | |
| Price / MA20: | -4.29% | |
| Price / MA50: | +2.99% | |
| Price / MA100: | +17.34% | |
| Price / MAexp7: | +0.41% | |
| Price / MAexp20: | +0.83% | |
| Price / MAexp50: | -0.35% | |
| Price / MAexp100: | -3.00% |
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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