ZCASH - ZEC/USDT - 1H - Technical analysis published on 02/08/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 45.55 USDT
My targets
47.39 USDT (+2.13%)
47.85 USDT (+3.13%)
My analysis
A bullish trend on ZCASH - ZEC/USDT both in substance and in the short term. A purchase could be considered as long as the price remains above 45.55 USDT. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 47.39 USDT. Then the price could move towards 47.85 USDT. Then 48.35 USDT by extension. Be careful, a return below 45.55 USDT would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.4
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Additional analysis
Quotes
ZCASH - ZEC/USDT rating 46.40 USDT. On the day, this instrument lost -0.86% and was traded between 45.94 USDT and 47.14 USDT over the period. The price is currently at +1.00% from its lowest and -1.57% from its highest.45.94
47.14
46.40
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ZCASH - ZEC/USDT chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals 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 Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 3 are bullish, 9 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 44.02 | 45.55 | 46.29 | 46.40 | 47.39 | 47.85 | 48.35 |
| Change (%) | -5.13% | -1.83% | -0.24% | - | +2.13% | +3.13% | +4.20% |
| Change | -2.38 | -0.85 | -0.11 | - | +0.99 | +1.45 | +1.95 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 40.54 | 41.91 | 44.35 | 45.72 | 48.16 | 49.53 | 51.97 |
| Camarilla | 45.75 | 46.10 | 46.45 | 46.80 | 47.15 | 47.50 | 47.85 |
| Woodie | 41.09 | 42.18 | 44.90 | 45.99 | 48.71 | 49.80 | 52.52 |
| Fibonacci | 41.91 | 43.36 | 44.26 | 45.72 | 47.17 | 48.07 | 49.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.45 | 41.59 | 44.06 | 46.20 | 48.67 | 50.81 | 53.28 |
| Camarilla | 45.25 | 45.68 | 46.10 | 46.52 | 46.94 | 47.37 | 47.79 |
| Woodie | 39.61 | 41.67 | 44.22 | 46.28 | 48.83 | 50.89 | 53.44 |
| Fibonacci | 41.59 | 43.35 | 44.44 | 46.20 | 47.96 | 49.05 | 50.81 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.27 | 30.92 | 38.05 | 43.70 | 50.83 | 56.48 | 63.61 |
| Camarilla | 41.68 | 42.85 | 44.02 | 45.19 | 46.36 | 47.53 | 48.71 |
| Woodie | 26.02 | 31.29 | 38.80 | 44.07 | 51.58 | 56.85 | 64.36 |
| Fibonacci | 30.92 | 35.80 | 38.82 | 43.70 | 48.58 | 51.60 | 56.48 |
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): | 53.03 | |
| MACD (12,26,9): | 0.3300 | |
| Directional Movement: | 5.73 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 46.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 46.97 | |
| Elder Ray (13): | -0.18 | |
| Super Trend (3,10): | 45.30 | |
| Zig ZAG (10): | 46.25 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 48.18 | |
| TEMA (21): | 46.68 | |
| Williams %R (14): | -59.06 | |
| Chande Momentum Oscillator (20): | -0.52 | |
| Repulse (5,40,3): | -0.0700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 1.39 |
| MA7: | 45.73 | |
| MA20: | 46.14 | |
| MA50: | 43.27 | |
| MA100: | 43.44 | |
| MAexp7: | 46.37 | |
| MAexp20: | 46.17 | |
| MAexp50: | 45.62 | |
| MAexp100: | 45.52 | |
| Price / MA7: | +1.47% | |
| Price / MA20: | +0.56% | |
| Price / MA50: | +7.23% | |
| Price / MA100: | +6.81% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.50% | |
| Price / MAexp50: | +1.71% | |
| Price / MAexp100: | +1.93% |
Quotes :
-
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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