ZCASH - ZEC/USDT - 1H - Technical analysis published on 05/07/2023 (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:
Bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 36.11 USDT
My targets
35.18 USDT (-1.98%)
32.63 USDT (-9.08%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 36.11 USDT remains possible. It is advisable to trade ZCASH - ZEC/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 36.11 USDT. The next bearish objective for sellers is set at 35.18 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 32.63 USDT. PS: if there is a bullish break in the resistance located at 36.11 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2.9
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This analysis was given by leron. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ZCASH - ZEC/USDT rating 35.89 USDT. The price registered an increase of +0.06% on the session and was between 35.51 USDT and 36.06 USDT. This implies that the price is at +1.07% from its lowest and at -0.47% from its highest.35.51
36.06
35.89
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ZCASH - ZEC/USDT in 1H shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 6 are bullish, 8 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 32.63 | 35.18 | 35.89 | 36.11 | 36.41 | 36.78 |
| Change (%) | -9.08% | -1.98% | - | +0.61% | +1.45% | +2.48% |
| Change | -3.26 | -0.71 | - | +0.22 | +0.52 | +0.89 |
| Level | Major | Intermediate | - | Intermediate | Intermediate | 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 | 32.85 | 34.05 | 34.96 | 36.16 | 37.07 | 38.27 | 39.18 |
| Camarilla | 35.29 | 35.48 | 35.68 | 35.87 | 36.06 | 36.26 | 36.45 |
| Woodie | 32.71 | 33.98 | 34.82 | 36.09 | 36.93 | 38.20 | 39.04 |
| Fibonacci | 34.05 | 34.86 | 35.35 | 36.16 | 36.97 | 37.46 | 38.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.21 | 33.23 | 34.55 | 36.57 | 37.89 | 39.91 | 41.23 |
| Camarilla | 34.95 | 35.26 | 35.56 | 35.87 | 36.18 | 36.48 | 36.79 |
| Woodie | 30.86 | 33.06 | 34.20 | 36.40 | 37.54 | 39.74 | 40.88 |
| Fibonacci | 33.23 | 34.51 | 35.29 | 36.57 | 37.85 | 38.63 | 39.91 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.54 | 30.23 | 33.91 | 38.60 | 42.28 | 46.97 | 50.65 |
| Camarilla | 35.29 | 36.06 | 36.82 | 37.59 | 38.36 | 39.13 | 39.89 |
| Woodie | 25.04 | 29.98 | 33.41 | 38.35 | 41.78 | 46.72 | 50.15 |
| Fibonacci | 30.23 | 33.43 | 35.40 | 38.60 | 41.80 | 43.77 | 46.97 |
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): | 43.49 | |
| MACD (12,26,9): | -0.1500 | |
| Directional Movement: | -1.78 | |
| AROON (14): | -21.42 | |
| DEMA (21): | 35.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 36.05 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 36.32 | |
| Zig ZAG (10): | 35.72 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 41.82 | |
| TEMA (21): | 35.60 | |
| Williams %R (14): | -61.82 | |
| Chande Momentum Oscillator (20): | -0.07 | |
| Repulse (5,40,3): | -0.1500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 0.89 |
| MA7: | 36.46 | |
| MA20: | 37.39 | |
| MA50: | 37.84 | |
| MA100: | 40.18 | |
| MAexp7: | 35.72 | |
| MAexp20: | 35.80 | |
| MAexp50: | 36.11 | |
| MAexp100: | 36.39 | |
| Price / MA7: | -1.56% | |
| Price / MA20: | -4.01% | |
| Price / MA50: | -5.15% | |
| Price / MA100: | -10.68% | |
| Price / MAexp7: | +0.48% | |
| Price / MAexp20: | +0.25% | |
| Price / MAexp50: | -0.61% | |
| Price / MAexp100: | -1.37% |
Quotes :
-
Real time data
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