CRYPTO 0X - ZRX/USD - 1H - Technical analysis published on 02/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 0.333131 USD
My targets
0.315301 USD (-0.64%)
0.306978 USD (-3.26%)
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 0.333131 USD remains possible. It is advisable to trade CRYPTO 0X - ZRX/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.333131 USD. The next bearish objective for sellers is set at 0.315301 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.306978 USD. In case of crossing, the next objective would be the support located at 0.294668 USD. PS: if there is a bullish break in the resistance located at 0.333131 USD 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, 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
0.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CRYPTO 0X - ZRX/USD price is 0.317330 USD. On the day, this instrument lost -0.03% and was traded between 0.311326 USD and 0.318583 USD over the period. The price is currently at +1.93% from its lowest and -0.39% from its highest.0.311326
0.318583
0.317330
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
Here is a more detailed summary of the historical variations registered by CRYPTO 0X - ZRX/USD:
Technical
Technical analysis of this 1H chart of CRYPTO 0X - ZRX/USD indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.294668 | 0.306978 | 0.315301 | 0.317330 | 0.333131 | 0.347486 | 0.384920 |
| Change (%) | -7.14% | -3.26% | -0.64% | - | +4.98% | +9.50% | +21.30% |
| Change | -0.022662 | -0.010352 | -0.002029 | - | +0.015801 | +0.030156 | +0.067590 |
| Level | Intermediate | Minor | Intermediate | - | Major | 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 | 0.301995 | 0.308269 | 0.312851 | 0.319125 | 0.323707 | 0.329981 | 0.334563 |
| Camarilla | 0.314447 | 0.315442 | 0.316437 | 0.317432 | 0.318427 | 0.319422 | 0.320417 |
| Woodie | 0.301148 | 0.307846 | 0.312004 | 0.318702 | 0.322860 | 0.329558 | 0.333716 |
| Fibonacci | 0.308269 | 0.312416 | 0.314978 | 0.319125 | 0.323272 | 0.325834 | 0.329981 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.181742 | 0.244328 | 0.280880 | 0.343466 | 0.380018 | 0.442604 | 0.479156 |
| Camarilla | 0.290169 | 0.299257 | 0.308344 | 0.317432 | 0.326520 | 0.335607 | 0.344695 |
| Woodie | 0.168725 | 0.237820 | 0.267863 | 0.336958 | 0.367001 | 0.436096 | 0.466139 |
| Fibonacci | 0.244328 | 0.282199 | 0.305595 | 0.343466 | 0.381337 | 0.404733 | 0.442604 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.127805 | 0.202769 | 0.259540 | 0.334504 | 0.391275 | 0.466239 | 0.523010 |
| Camarilla | 0.280083 | 0.292159 | 0.304234 | 0.316310 | 0.328386 | 0.340461 | 0.352537 |
| Woodie | 0.118708 | 0.198221 | 0.250443 | 0.329956 | 0.382178 | 0.461691 | 0.513913 |
| Fibonacci | 0.202769 | 0.253092 | 0.284182 | 0.334504 | 0.384827 | 0.415917 | 0.466239 |
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): | 53.46 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | 2.889032 | |
| AROON (14): | 35.714286 | |
| DEMA (21): | 0.314997 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.312532 | |
| Elder Ray (13): | 0.001501 | |
| Super Trend (3,10): | 0.320320 | |
| Zig ZAG (10): | 0.316925 | |
| VORTEX (21): | 0.9852 | |
| Stochastique (14,3,5): | 77.54 | |
| TEMA (21): | 0.315345 | |
| Williams %R (14): | -23.73 | |
| Chande Momentum Oscillator (20): | 0.000779 | |
| Repulse (5,40,3): | -0.0360 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0511 | |
| Courbe Coppock: | 0.37 |
| MA7: | 0.324333 | |
| MA20: | 0.325158 | |
| MA50: | 0.342181 | |
| MA100: | 0.359986 | |
| MAexp7: | 0.315990 | |
| MAexp20: | 0.315951 | |
| MAexp50: | 0.317492 | |
| MAexp100: | 0.320704 | |
| Price / MA7: | -2.16% | |
| Price / MA20: | -2.41% | |
| Price / MA50: | -7.26% | |
| Price / MA100: | -11.85% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | +0.44% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | -1.05% |
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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