ZCASH - ZEC/USDT - Daily - Technical analysis published on 12/03/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 31.25 USDT
My targets
22.90 USDT (-16.84%)
16.78 USDT (-39.08%)
My analysis
The bearish trend is currently very strong for ZCASH - ZEC/USDT. As long as the price remains below the resistance at 31.25 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 22.90 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 16.78 USDT as an objective. Crossing it would then enable sellers to target 8.43 USDT. 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
0
10
7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ZCASH - ZEC/USDT rating is 27.54 USDT. The price registered a decrease of -0.47% on the session with the lowest point at 27.01 USDT and the highest point at 27.96 USDT. The deviation from the price is +1.96% for the low point and -1.50% for the high point.27.01
27.96
27.54
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of ZCASH - ZEC/USDT in Daily shows a overall strongly bearish trend. 92.86% 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, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 3 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 27.25 | 27.54 | 39.22 | 52.66 | 77.49 |
| Change (%) | -1.05% | - | +42.41% | +91.21% | +181.37% |
| Change | -0.29 | - | +11.68 | +25.12 | +49.95 |
| Level | Major | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.31 | 26.78 | 27.22 | 27.69 | 28.13 | 28.60 | 29.04 |
| Camarilla | 27.42 | 27.50 | 27.59 | 27.67 | 27.75 | 27.84 | 27.92 |
| Woodie | 26.31 | 26.77 | 27.22 | 27.68 | 28.13 | 28.59 | 29.04 |
| Fibonacci | 26.78 | 27.12 | 27.34 | 27.69 | 28.03 | 28.25 | 28.60 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.34 | 23.23 | 26.13 | 28.02 | 30.92 | 32.81 | 35.71 |
| Camarilla | 27.71 | 28.15 | 28.59 | 29.03 | 29.47 | 29.91 | 30.35 |
| Woodie | 21.85 | 23.48 | 26.64 | 28.27 | 31.43 | 33.06 | 36.22 |
| Fibonacci | 23.23 | 25.06 | 26.19 | 28.02 | 29.85 | 30.98 | 32.81 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.43 | 16.78 | 22.90 | 31.25 | 37.37 | 45.72 | 51.84 |
| Camarilla | 25.05 | 26.38 | 27.70 | 29.03 | 30.36 | 31.68 | 33.01 |
| Woodie | 7.33 | 16.22 | 21.80 | 30.69 | 36.27 | 45.16 | 50.74 |
| Fibonacci | 16.78 | 22.30 | 25.72 | 31.25 | 36.77 | 40.19 | 45.72 |
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): | 28.40 | |
| MACD (12,26,9): | -2.2500 | |
| Directional Movement: | -23.77 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 27.61 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.48 | |
| Elder Ray (13): | -1.82 | |
| Super Trend (3,10): | 32.51 | |
| Zig ZAG (10): | 27.64 | |
| VORTEX (21): | 0.7500 | |
| Stochastique (14,3,5): | 26.03 | |
| TEMA (21): | 26.75 | |
| Williams %R (14): | -74.00 | |
| Chande Momentum Oscillator (20): | -3.80 | |
| Repulse (5,40,3): | -1.2400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.9100 | |
| Courbe Coppock: | 35.52 |
| MA7: | 28.37 | |
| MA20: | 30.90 | |
| MA50: | 34.48 | |
| MA100: | 38.65 | |
| MAexp7: | 28.29 | |
| MAexp20: | 30.51 | |
| MAexp50: | 34.23 | |
| MAexp100: | 40.56 | |
| Price / MA7: | -2.93% | |
| Price / MA20: | -10.87% | |
| Price / MA50: | -20.13% | |
| Price / MA100: | -28.75% | |
| Price / MAexp7: | -2.65% | |
| Price / MAexp20: | -9.73% | |
| Price / MAexp50: | -19.54% | |
| Price / MAexp100: | -32.10% |
This member declared not having a position on this financial instrument or a related financial instrument.
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