ZCASH - ZEC/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ZECUSDT
ISIN:

ZCASH - ZEC/USDT - Daily - Technical analysis published on 03/08/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

67%

28%

My opinion

Bullish above 116.28 USDT

My targets

140.68 USDT (+11.88%)

147.59 USDT (+17.38%)

My analysis

The strong short-term increase in ZCASH - ZEC/USDT calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 116.28 USDT, you could consider taking advantage of the short-term movement. The first bullish objective is located at 140.68 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 147.59 USDT as an objective. Crossing it would then enable buyers to target 172.79 USDT. Caution, a return under 116.28 USDT could jeopardize the reversal.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

2.7

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 finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

ZCASH - ZEC/USDT rating 125.74 USDT. On the day, this instrument gained +14.59% and was traded between 109.15 USDT and 126.39 USDT over the period. The price is currently at +15.20% from its lowest and -0.51% from its highest.

109.15

126.39

125.74

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

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ZCASH - ZEC/USDT:

Technical

Technical analysis of ZCASH - ZEC/USDT in Daily shows an overall slightly bearish trend. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	52.08	99.63	116.28	125.74	147.59	172.79	204.78
Change (%)	-58.58%	-20.77%	-7.52%	-	+17.38%	+37.42%	+62.86%
Change	-73.66	-26.11	-9.46	-	+21.85	+47.05	+79.04
Level	Minor	Major	Intermediate	-	Intermediate	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	94.71	99.27	104.50	109.06	114.29	118.85	124.08
Camarilla	107.04	107.94	108.83	109.73	110.63	111.53	112.42
Woodie	95.05	99.44	104.84	109.23	114.63	119.02	124.42
Fibonacci	99.27	103.01	105.32	109.06	112.80	115.11	118.85

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	68.96	84.08	100.25	115.37	131.54	146.66	162.83
Camarilla	107.83	110.69	113.56	116.43	119.30	122.17	125.04
Woodie	69.50	84.34	100.79	115.63	132.08	146.92	163.37
Fibonacci	84.08	96.03	103.41	115.37	127.32	134.70	146.66

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	40.96	62.95	90.82	112.81	140.68	162.67	190.54
Camarilla	104.99	109.56	114.13	118.70	123.27	127.84	132.41
Woodie	43.91	64.42	93.77	114.28	143.63	164.14	193.49
Fibonacci	62.95	81.99	93.76	112.81	131.85	143.62	162.67

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):	57.06
MACD (12,26,9):	0.9400
Directional Movement:	-0.11
AROON (14):	50.00
DEMA (21):	115.24
Parabolic SAR (0,02-0,02-0,2):	129.95
Elder Ray (13):	2.03
Super Trend (3,10):	93.85
Zig ZAG (10):	125.42
VORTEX (21):	0.9500
Stochastique (14,3,5):	64.46
TEMA (21):	118.38
Williams %R (14):	-10.45
Chande Momentum Oscillator (20):	23.07
Repulse (5,40,3):	12.7300
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	19.84

MA7:	118.73
MA20:	111.58
MA50:	110.42
MA100:	136.49
MAexp7:	116.76
MAexp20:	114.60
MAexp50:	118.54
MAexp100:	128.94
Price / MA7:	+5.90%
Price / MA20:	+12.69%
Price / MA50:	+13.87%
Price / MA100:	-7.88%
Price / MAexp7:	+7.69%
Price / MAexp20:	+9.72%
Price / MAexp50:	+6.07%
Price / MAexp100:	-2.48%

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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