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 05/07/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

50%

28%

My opinion

Bearish under 37.22 USDT

My targets

32.63 USDT (-9.08%)

My analysis

The bearish trend is currently very strong for ZCASH - ZEC/USDT. As long as the price remains below the resistance at 37.22 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 32.63 USDT. The bearish momentum would be revived by a break in this support. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

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 leron. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ZCASH - ZEC/USDT rating is 35.89 USDT. The price has increased by +0.06% since the last closing 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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

Near a 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. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : Daily

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	32.63	35.18	35.89	37.22	46.29	50.19
Change (%)	-9.08%	-1.98%	-	+3.71%	+28.98%	+39.84%
Change	-3.26	-0.71	-	+1.33	+10.40	+14.30
Level	Major	Intermediate	-	Minor	Intermediate	Intermediate

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):	41.29
MACD (12,26,9):	-0.6700
Directional Movement:	-6.63
AROON (14):	0
DEMA (21):	36.58
Parabolic SAR (0,02-0,02-0,2):	35.03
Elder Ray (13):	-1.17
Super Trend (3,10):	40.63
Zig ZAG (10):	35.72
VORTEX (21):	0.8300
Stochastique (14,3,5):	30.89
TEMA (21):	36.06
Williams %R (14):	-81.09
Chande Momentum Oscillator (20):	-1.61
Repulse (5,40,3):	-2.9600
ROCnROLL:	2
TRIX (15,9):	-0.1700
Courbe Coppock:	7.61

MA7:	36.46
MA20:	37.39
MA50:	37.84
MA100:	40.18
MAexp7:	36.49
MAexp20:	37.33
MAexp50:	38.18
MAexp100:	39.82
Price / MA7:	-1.56%
Price / MA20:	-4.01%
Price / MA50:	-5.15%
Price / MA100:	-10.68%
Price / MAexp7:	-1.64%
Price / MAexp20:	-3.86%
Price / MAexp50:	-6.00%
Price / MAexp100:	-9.87%

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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