ZCASH - ZEC/USDT - 1H - Technical analysis published on 01/03/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
11%
56%
33%
My opinion
Bullish above 39.00 USDT
My targets
40.44 USDT (+1.89%)
42.87 USDT (+8.01%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ZCASH - ZEC/USDT. As long as you are above the support located at 39.00 USDT, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 40.44 USDT would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 42.87 USDT as an objective. Crossing it would then enable buyers to target 46.29 USDT. If the support 39.00 USDT were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.8
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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 39.69 USDT. The price has increased by +0.51% since the last closing with the lowest point at 39.40 USDT and the highest point at 40.55 USDT. The deviation from the price is +0.74% for the low point and -2.12% for the high point.39.40
40.55
39.69
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ZCASH - ZEC/USDT indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
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 | 38.08 | 39.00 | 39.69 | 39.79 | 40.44 | 46.29 |
| Change (%) | -6.63% | -4.06% | -1.74% | - | +0.25% | +1.89% | +16.63% |
| Change | -2.63 | -1.61 | -0.69 | - | +0.10 | +0.75 | +6.60 |
| Level | Major | Minor | Minor | - | Minor | Intermediate | 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 | 33.76 | 35.16 | 37.33 | 38.73 | 40.90 | 42.30 | 44.47 |
| Camarilla | 38.51 | 38.84 | 39.16 | 39.49 | 39.82 | 40.15 | 40.47 |
| Woodie | 34.14 | 35.35 | 37.71 | 38.92 | 41.28 | 42.49 | 44.85 |
| Fibonacci | 35.16 | 36.53 | 37.37 | 38.73 | 40.10 | 40.94 | 42.30 |
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): | 49.15 | |
| MACD (12,26,9): | 0.2500 | |
| Directional Movement: | 0.93 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 40.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 40.49 | |
| Elder Ray (13): | -0.17 | |
| Super Trend (3,10): | 39.40 | |
| Zig ZAG (10): | 39.56 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 15.80 | |
| TEMA (21): | 39.99 | |
| Williams %R (14): | -95.15 | |
| Chande Momentum Oscillator (20): | -0.92 | |
| Repulse (5,40,3): | -1.3800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 0.19 |
| MA7: | 38.15 | |
| MA20: | 40.18 | |
| MA50: | 41.78 | |
| MA100: | 46.60 | |
| MAexp7: | 39.84 | |
| MAexp20: | 39.76 | |
| MAexp50: | 39.09 | |
| MAexp100: | 38.60 | |
| Price / MA7: | +4.04% | |
| Price / MA20: | -1.22% | |
| Price / MA50: | -5.00% | |
| Price / MA100: | -14.83% | |
| Price / MAexp7: | -0.38% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | +1.53% | |
| Price / MAexp100: | +2.82% |
Quotes :
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Real time data
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