ZCASH - ZEC/USDT - 1H - Technical analysis published on 01/02/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 38.17 USDT
My targets
37.44 USDT (-1.29%)
37.06 USDT (-2.29%)
My analysis
ZCASH - ZEC/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 38.17 USDT. The next support located at 37.44 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 37.06 USDT. Below this support, sellers could then target 36.70 USDT.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.7
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This analysis was given by Garsic. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ZCASH - ZEC/USDT rating 37.93 USDT. The price has increased by +1.88% since the last closing with the lowest point at 36.57 USDT and the highest point at 38.08 USDT. The deviation from the price is +3.72% for the low point and -0.39% for the high point.36.57
38.08
37.93
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of ZCASH - ZEC/USDT in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are bearish. There is still some doubt about the decline in the price.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 37.06 | 37.44 | 37.86 | 37.93 | 38.17 | 39.01 | 39.78 |
| Change (%) | -2.29% | -1.29% | -0.18% | - | +0.63% | +2.85% | +4.88% |
| Change | -0.87 | -0.49 | -0.07 | - | +0.24 | +1.08 | +1.85 |
| Level | Major | Minor | Minor | - | Minor | Minor | Minor |
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 | 35.75 | 36.16 | 36.69 | 37.10 | 37.63 | 38.04 | 38.57 |
| Camarilla | 36.97 | 37.06 | 37.14 | 37.23 | 37.32 | 37.40 | 37.49 |
| Woodie | 35.82 | 36.19 | 36.76 | 37.13 | 37.70 | 38.07 | 38.64 |
| Fibonacci | 36.16 | 36.52 | 36.74 | 37.10 | 37.46 | 37.68 | 38.04 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.67 | 34.86 | 36.07 | 38.26 | 39.47 | 41.66 | 42.87 |
| Camarilla | 36.35 | 36.66 | 36.97 | 37.28 | 37.59 | 37.90 | 38.22 |
| Woodie | 32.18 | 34.62 | 35.58 | 38.02 | 38.98 | 41.42 | 42.38 |
| Fibonacci | 34.86 | 36.16 | 36.96 | 38.26 | 39.56 | 40.36 | 41.66 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.10 | 30.07 | 33.68 | 40.65 | 44.26 | 51.23 | 54.84 |
| Camarilla | 34.37 | 35.34 | 36.31 | 37.28 | 38.25 | 39.22 | 40.19 |
| Woodie | 21.41 | 29.23 | 31.99 | 39.81 | 42.57 | 50.39 | 53.15 |
| Fibonacci | 30.07 | 34.12 | 36.61 | 40.65 | 44.70 | 47.19 | 51.23 |
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): | 39.58 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -11.04 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 39.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 40.18 | |
| Elder Ray (13): | -0.25 | |
| Super Trend (3,10): | 40.25 | |
| Zig ZAG (10): | 39.58 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 18.36 | |
| TEMA (21): | 39.66 | |
| Williams %R (14): | -85.29 | |
| Chande Momentum Oscillator (20): | -0.72 | |
| Repulse (5,40,3): | -0.3600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.31 |
| MA7: | 39.97 | |
| MA20: | 42.85 | |
| MA50: | 42.00 | |
| MA100: | 47.81 | |
| MAexp7: | 39.72 | |
| MAexp20: | 39.84 | |
| MAexp50: | 39.91 | |
| MAexp100: | 40.06 | |
| Price / MA7: | -5.10% | |
| Price / MA20: | -11.48% | |
| Price / MA50: | -9.69% | |
| Price / MA100: | -20.67% | |
| Price / MAexp7: | -4.51% | |
| Price / MAexp20: | -4.79% | |
| Price / MAexp50: | -4.96% | |
| Price / MAexp100: | -5.32% |
Quotes :
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Real time data
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