ZCASH - ZEC/USD - 1H - Technical analysis published on 05/17/2024 (GMT)
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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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 22.89 USD
My targets
24.06 USD (+1.60%)
24.43 USD (+3.17%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ZCASH - ZEC/USD as long as the price remains well above 22.89 USD. The buyers' bullish objective is set at 24.06 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 24.43 USD. If there is any crossing, the next objective would be the resistance located at 27.10 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7
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Additional analysis
Quotes
The ZCASH - ZEC/USD rating is 23.68 USD. On the day, this instrument lost -0.13% and was traded between 23.21 USD and 23.93 USD over the period. The price is currently at +2.02% from its lowest and -1.04% from its highest.23.21
23.93
23.68
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ZCASH - ZEC/USD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22.55 | 22.89 | 23.66 | 23.68 | 24.06 | 24.43 | 27.10 |
| Change (%) | -4.77% | -3.34% | -0.08% | - | +1.60% | +3.17% | +14.44% |
| Change | -1.13 | -0.79 | -0.02 | - | +0.38 | +0.75 | +3.42 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.22 | 22.56 | 23.13 | 23.47 | 24.04 | 24.38 | 24.95 |
| Camarilla | 23.46 | 23.54 | 23.63 | 23.71 | 23.79 | 23.88 | 23.96 |
| Woodie | 22.35 | 22.62 | 23.26 | 23.53 | 24.17 | 24.44 | 25.08 |
| Fibonacci | 22.56 | 22.90 | 23.12 | 23.47 | 23.81 | 24.03 | 24.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.02 | 21.15 | 21.81 | 22.94 | 23.60 | 24.73 | 25.39 |
| Camarilla | 21.99 | 22.15 | 22.32 | 22.48 | 22.64 | 22.81 | 22.97 |
| Woodie | 19.80 | 21.03 | 21.59 | 22.82 | 23.38 | 24.61 | 25.17 |
| Fibonacci | 21.15 | 21.83 | 22.25 | 22.94 | 23.62 | 24.04 | 24.73 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.12 | 12.84 | 17.11 | 23.83 | 28.10 | 34.82 | 39.09 |
| Camarilla | 18.37 | 19.38 | 20.38 | 21.39 | 22.40 | 23.41 | 24.41 |
| Woodie | 4.91 | 12.23 | 15.90 | 23.22 | 26.89 | 34.21 | 37.88 |
| Fibonacci | 12.84 | 17.04 | 19.63 | 23.83 | 28.03 | 30.62 | 34.82 |
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): | 53.95 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 6.86 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 23.71 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.38 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 23.25 | |
| Zig ZAG (10): | 23.66 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 55.95 | |
| TEMA (21): | 23.69 | |
| Williams %R (14): | -51.79 | |
| Chande Momentum Oscillator (20): | 0.17 | |
| Repulse (5,40,3): | -0.3000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 1.86 |
| MA7: | 22.79 | |
| MA20: | 22.77 | |
| MA50: | 24.23 | |
| MA100: | 26.29 | |
| MAexp7: | 23.67 | |
| MAexp20: | 23.60 | |
| MAexp50: | 23.39 | |
| MAexp100: | 23.14 | |
| Price / MA7: | +3.91% | |
| Price / MA20: | +4.00% | |
| Price / MA50: | -2.27% | |
| Price / MA100: | -9.93% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.34% | |
| Price / MAexp50: | +1.24% | |
| Price / MAexp100: | +2.33% |
Quotes :
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Real time data
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