ZCASH - ZEC/USDT - Daily - Technical analysis published on 12/10/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
17%
61%
22%
My opinion
Bearish under 197.64 USDT
My targets
147.98 USDT (-14.80%)
129.19 USDT (-25.62%)
My analysis
The current short-term bearish acceleration registered on ZCASH - ZEC/USDT should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 197.64 USDT. Short-term sellers will use the support located at 147.98 USDT as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 129.19 USDT. Crossing this support would then open the door for sellers to target 99.63 USDT. Caution, if there is a return to below 197.64 USDT, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
2.9
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Additional analysis
Quotes
The ZCASH - ZEC/USDT rating is 173.69 USDT. The price registered an increase of +5.72% on the session with the lowest point at 163.76 USDT and the highest point at 173.77 USDT. The deviation from the price is +6.06% for the low point and -0.05% for the high point.163.76
173.77
173.69
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ZCASH - ZEC/USDT:
Technical
A technical analysis in Daily of this ZCASH - ZEC/USDT chart shows a neutral trend. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 129.19 | 147.98 | 172.79 | 173.69 | 204.78 | 246.58 | 294.42 |
| Change (%) | -25.62% | -14.80% | -0.52% | - | +17.90% | +41.97% | +69.51% |
| Change | -44.50 | -25.71 | -0.90 | - | +31.09 | +72.89 | +120.73 |
| Level | Minor | Intermediate | Major | - | Minor | Minor | Major |
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 | 131.53 | 146.91 | 155.60 | 170.98 | 179.67 | 195.05 | 203.74 |
| Camarilla | 157.67 | 159.88 | 162.08 | 164.29 | 166.50 | 168.70 | 170.91 |
| Woodie | 128.19 | 145.24 | 152.26 | 169.31 | 176.33 | 193.38 | 200.40 |
| Fibonacci | 146.91 | 156.11 | 161.79 | 170.98 | 180.18 | 185.86 | 195.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.18 | 93.35 | 140.47 | 197.64 | 244.76 | 301.93 | 349.05 |
| Camarilla | 158.92 | 168.48 | 178.04 | 187.60 | 197.16 | 206.72 | 216.28 |
| Woodie | 31.17 | 90.84 | 135.46 | 195.13 | 239.75 | 299.42 | 344.04 |
| Fibonacci | 93.35 | 133.19 | 157.80 | 197.64 | 237.48 | 262.09 | 301.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -23.05 | 59.12 | 139.61 | 221.78 | 302.27 | 384.44 | 464.93 |
| Camarilla | 175.37 | 190.28 | 205.19 | 220.10 | 235.01 | 249.92 | 264.83 |
| Woodie | -23.89 | 58.70 | 138.77 | 221.36 | 301.43 | 384.02 | 464.09 |
| Fibonacci | 59.12 | 121.26 | 159.64 | 221.78 | 283.92 | 322.30 | 384.44 |
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): | 42.31 | |
| MACD (12,26,9): | -5.7800 | |
| Directional Movement: | -7.52 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 193.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 252.37 | |
| Elder Ray (13): | -23.19 | |
| Super Trend (3,10): | 244.90 | |
| Zig ZAG (10): | 171.90 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 15.17 | |
| TEMA (21): | 178.08 | |
| Williams %R (14): | -82.61 | |
| Chande Momentum Oscillator (20): | -69.93 | |
| Repulse (5,40,3): | -3.6800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.3000 | |
| Courbe Coppock: | 44.29 |
| MA7: | 177.23 | |
| MA20: | 215.36 | |
| MA50: | 189.25 | |
| MA100: | 159.03 | |
| MAexp7: | 180.98 | |
| MAexp20: | 196.14 | |
| MAexp50: | 187.11 | |
| MAexp100: | 170.99 | |
| Price / MA7: | -2.00% | |
| Price / MA20: | -19.35% | |
| Price / MA50: | -8.22% | |
| Price / MA100: | +9.22% | |
| Price / MAexp7: | -4.01% | |
| Price / MAexp20: | -11.43% | |
| Price / MAexp50: | -7.15% | |
| Price / MAexp100: | +1.60% |
Quotes :
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Real time data
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