ZILLIQA - ZIL/USD - 1H - Technical analysis published on 07/25/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 0.021471 USD
My targets
0.020217 USD (-2.39%)
0.017945 USD (-13.36%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ZILLIQA - ZIL/USD. As long as you are under the resistance located at 0.021471 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.020217 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.017945 USD as an objective. Crossing it would then enable sellers to target 0.016208 USD. If the resistance 0.021471 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
2.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ZILLIQA - ZIL/USD rating 0.020712 USD. The price registered a decrease of -0.04% on the session and was between 0.020107 USD and 0.021013 USD. This implies that the price is at +3.01% from its lowest and at -1.43% from its highest.0.020107
0.021013
0.020712
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:
Technical
Technical analysis of this 1H chart of ZILLIQA - ZIL/USD indicates that the overall trend is bearish. 75.00% 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. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.016208 | 0.020217 | 0.020712 | 0.021471 | 0.021888 | 0.022408 |
| Change (%) | -21.75% | -2.39% | - | +3.66% | +5.68% | +8.19% |
| Change | -0.004504 | -0.000495 | - | +0.000759 | +0.001176 | +0.001696 |
| Level | Major | Major | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.017977 | 0.019145 | 0.019933 | 0.021101 | 0.021889 | 0.023057 | 0.023845 |
| Camarilla | 0.020183 | 0.020362 | 0.020542 | 0.020721 | 0.020900 | 0.021080 | 0.021259 |
| Woodie | 0.017787 | 0.019050 | 0.019743 | 0.021006 | 0.021699 | 0.022962 | 0.023655 |
| Fibonacci | 0.019145 | 0.019892 | 0.020354 | 0.021101 | 0.021848 | 0.022310 | 0.023057 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.017945 | 0.019521 | 0.020626 | 0.022202 | 0.023307 | 0.024883 | 0.025988 |
| Camarilla | 0.020994 | 0.021240 | 0.021485 | 0.021731 | 0.021977 | 0.022223 | 0.022468 |
| Woodie | 0.017710 | 0.019403 | 0.020391 | 0.022084 | 0.023072 | 0.024765 | 0.025753 |
| Fibonacci | 0.019521 | 0.020545 | 0.021178 | 0.022202 | 0.023226 | 0.023859 | 0.024883 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.009514 | 0.012497 | 0.016764 | 0.019747 | 0.024014 | 0.026997 | 0.031264 |
| Camarilla | 0.019037 | 0.019702 | 0.020366 | 0.021031 | 0.021696 | 0.022360 | 0.023025 |
| Woodie | 0.010156 | 0.012818 | 0.017406 | 0.020068 | 0.024656 | 0.027318 | 0.031906 |
| Fibonacci | 0.012497 | 0.015267 | 0.016978 | 0.019747 | 0.022517 | 0.024228 | 0.026997 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 48.92 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -6.084448 | |
| AROON (14): | -64.285714 | |
| DEMA (21): | 0.020350 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.020908 | |
| Elder Ray (13): | 0.000017 | |
| Super Trend (3,10): | 0.021387 | |
| Zig ZAG (10): | 0.020722 | |
| VORTEX (21): | 0.8892 | |
| Stochastique (14,3,5): | 34.40 | |
| TEMA (21): | 0.020346 | |
| Williams %R (14): | -32.12 | |
| Chande Momentum Oscillator (20): | 0.000021 | |
| Repulse (5,40,3): | 0.7538 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1812 | |
| Courbe Coppock: | 2.55 |
| MA7: | 0.021469 | |
| MA20: | 0.021301 | |
| MA50: | 0.020325 | |
| MA100: | 0.023235 | |
| MAexp7: | 0.020495 | |
| MAexp20: | 0.020668 | |
| MAexp50: | 0.021066 | |
| MAexp100: | 0.021356 | |
| Price / MA7: | -3.53% | |
| Price / MA20: | -2.77% | |
| Price / MA50: | +1.90% | |
| Price / MA100: | -10.86% | |
| Price / MAexp7: | +1.06% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | -1.68% | |
| Price / MAexp100: | -3.02% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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