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 03/11/2023 (GMT)

Timeframe : Daily
- Analysis generated on
Status : WITHOUT TARGET

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

78%

11%

My opinion

Bearish under 33.42 USDT

My targets

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ZCASH - ZEC/USDT as long as the price remains well below 33.42 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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

7.9

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 31.04 USDT. The price registered a decrease of -3.27% on the session and was between 29.75 USDT and 32.88 USDT. This implies that the price is at +4.34% from its lowest and at -5.60% from its highest.

29.75

32.88

31.04

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of ZCASH - ZEC/USDT indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 14 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	31.04	36.55	50.12	58.94
Change (%)	-	+17.75%	+61.47%	+89.88%
Change	-	+5.51	+19.08	+27.90
Level	-	Major	Major	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	26.66	28.59	30.34	32.27	34.02	35.95	37.70
Camarilla	31.08	31.42	31.75	32.09	32.43	32.77	33.10
Woodie	26.57	28.55	30.25	32.23	33.93	35.91	37.61
Fibonacci	28.59	30.00	30.86	32.27	33.68	34.54	35.95

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.00	32.61	35.60	40.21	43.20	47.81	50.80
Camarilla	36.50	37.20	37.89	38.59	39.29	39.98	40.68
Woodie	27.19	32.21	34.79	39.81	42.39	47.41	49.99
Fibonacci	32.61	35.51	37.31	40.21	43.11	44.91	47.81

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.42	37.78	42.49	46.85	51.56	55.92	60.63
Camarilla	44.71	45.54	46.37	47.20	48.03	48.86	49.69
Woodie	33.60	37.87	42.67	46.94	51.74	56.01	60.81
Fibonacci	37.78	41.25	43.39	46.85	50.32	52.46	55.92

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):	25.76
MACD (12,26,9):	-3.2300
Directional Movement:	-22.70
AROON (14):	-92.86
DEMA (21):	36.08
Parabolic SAR (0,02-0,02-0,2):	43.93
Elder Ray (13):	-6.46
Super Trend (3,10):	40.49
Zig ZAG (10):	31.06
VORTEX (21):	0.7700
Stochastique (14,3,5):	6.79
TEMA (21):	33.34
Williams %R (14):	-93.76
Chande Momentum Oscillator (20):	-18.34
Repulse (5,40,3):	-12.2200
ROCnROLL:	2
TRIX (15,9):	-0.5800
Courbe Coppock:	47.84

MA7:	35.32
MA20:	41.64
MA50:	43.92
MA100:	43.18
MAexp7:	35.03
MAexp20:	39.65
MAexp50:	42.35
MAexp100:	44.14
Price / MA7:	-12.12%
Price / MA20:	-25.46%
Price / MA50:	-29.33%
Price / MA100:	-28.11%
Price / MAexp7:	-11.39%
Price / MAexp20:	-21.72%
Price / MAexp50:	-26.71%
Price / MAexp100:	-29.68%

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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