ZCASH - ZEC/USDT - 1H - Technical analysis published on 12/19/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 29.39 USDT
My targets
27.30 USDT (-4.61%)
26.55 USDT (-7.23%)
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 29.39 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 29.39 USDT. The next bearish objective for sellers is set at 27.30 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 26.55 USDT. PS: if there is a bullish break in the resistance located at 29.39 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
2.3
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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 price is 28.62 USDT. The price registered a decrease of -2.29% on the session and was between 28.04 USDT and 29.64 USDT. This implies that the price is at +2.07% from its lowest and at -3.44% from its highest.28.04
29.64
28.62
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this ZCASH - ZEC/USDT chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 6 are bullish, 7 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
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 | 26.55 | 27.30 | 28.62 | 28.70 | 31.39 | 32.16 |
| Change (%) | -7.23% | -4.61% | - | +0.28% | +9.68% | +12.37% |
| Change | -2.07 | -1.32 | - | +0.08 | +2.77 | +3.54 |
| Level | Major | Minor | - | Minor | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.02 | 25.28 | 27.28 | 28.54 | 30.54 | 31.80 | 33.80 |
| Camarilla | 28.39 | 28.69 | 28.99 | 29.29 | 29.59 | 29.89 | 30.19 |
| Woodie | 24.40 | 25.47 | 27.66 | 28.73 | 30.92 | 31.99 | 34.18 |
| Fibonacci | 25.28 | 26.52 | 27.29 | 28.54 | 29.78 | 30.55 | 31.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.55 | 26.71 | 29.39 | 31.55 | 34.23 | 36.39 | 39.07 |
| Camarilla | 30.73 | 31.17 | 31.62 | 32.06 | 32.50 | 32.95 | 33.39 |
| Woodie | 24.80 | 26.84 | 29.64 | 31.68 | 34.48 | 36.52 | 39.32 |
| Fibonacci | 26.71 | 28.56 | 29.70 | 31.55 | 33.40 | 34.54 | 36.39 |
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): | 51.10 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -5.79 | |
| AROON (14): | -42.85 | |
| DEMA (21): | 28.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 28.08 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 27.65 | |
| Zig ZAG (10): | 28.60 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 35.49 | |
| TEMA (21): | 28.61 | |
| Williams %R (14): | -50.83 | |
| Chande Momentum Oscillator (20): | -0.39 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 3.77 |
| MA7: | 30.47 | |
| MA20: | 29.72 | |
| MA50: | 32.50 | |
| MA100: | 36.04 | |
| MAexp7: | 28.55 | |
| MAexp20: | 28.62 | |
| MAexp50: | 28.74 | |
| MAexp100: | 29.32 | |
| Price / MA7: | -6.07% | |
| Price / MA20: | -3.70% | |
| Price / MA50: | -11.94% | |
| Price / MA100: | -20.59% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -0.42% | |
| Price / MAexp100: | -2.39% |
This member declared not having a position on this financial instrument or a related financial instrument.
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