ZCASH - ZEC/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ZECUSD
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ZCASH - ZEC/USD - 1H - Technical analysis published on 08/31/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

44%

17%

39%

My opinion

Bearish under 33.47 USD

My targets

30.43 USD (-7.82%)

30.06 USD (-8.94%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ZCASH - ZEC/USD as long as the price remains well below 33.47 USD. The next bearish objective for sellers is set at 30.43 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 30.06 USD. If there is any crossing, the next objective would be the support located at 27.69 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

4.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ZCASH - ZEC/USD price is 33.01 USD. The price is lower by -0.03% since the last closing with the lowest point at 32.81 USD and the highest point at 33.04 USD. The deviation from the price is +0.61% for the low point and -0.09% for the high point.

32.81

33.04

33.01

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ZCASH - ZEC/USD:

Technical

Technical analysis of ZCASH - ZEC/USD in 1H shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	24.42	27.69	30.06	33.01	33.47	34.57	36.49
Change (%)	-26.02%	-16.12%	-8.94%	-	+1.39%	+4.73%	+10.54%
Change	-8.59	-5.32	-2.95	-	+0.46	+1.56	+3.48
Level	Minor	Major	Intermediate	-	Intermediate	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	30.59	31.26	32.14	32.81	33.69	34.36	35.24
Camarilla	32.59	32.74	32.88	33.02	33.16	33.30	33.45
Woodie	30.70	31.31	32.25	32.86	33.80	34.41	35.35
Fibonacci	31.26	31.85	32.22	32.81	33.40	33.77	34.36

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	35.68	37.69	40.37	42.38	45.06	47.07	49.75
Camarilla	41.77	42.20	42.63	43.06	43.49	43.92	44.35
Woodie	36.03	37.86	40.72	42.55	45.41	47.24	50.10
Fibonacci	37.69	39.48	40.59	42.38	44.17	45.28	47.07

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.35	20.64	27.14	30.43	36.93	40.22	46.72
Camarilla	30.95	31.85	32.74	33.64	34.54	35.44	36.33
Woodie	18.96	21.44	28.75	31.23	38.54	41.02	48.33
Fibonacci	20.64	24.38	26.69	30.43	34.17	36.48	40.22

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):	44.78
MACD (12,26,9):	-0.1000
Directional Movement:	-6.49
AROON (14):	35.71
DEMA (21):	32.85
Parabolic SAR (0,02-0,02-0,2):	32.41
Elder Ray (13):	-0.09
Super Trend (3,10):	32.20
Zig ZAG (10):	32.89
VORTEX (21):	0.9800
Stochastique (14,3,5):	62.51
TEMA (21):	32.93
Williams %R (14):	-36.67
Chande Momentum Oscillator (20):	0.29
Repulse (5,40,3):	-0.2300
ROCnROLL:	2
TRIX (15,9):	-0.0500
Courbe Coppock:	0.83

MA7:	35.00
MA20:	39.87
MA50:	35.24
MA100:	29.06
MAexp7:	32.94
MAexp20:	33.02
MAexp50:	33.42
MAexp100:	34.53
Price / MA7:	-5.69%
Price / MA20:	-17.21%
Price / MA50:	-6.33%
Price / MA100:	+13.59%
Price / MAexp7:	+0.21%
Price / MAexp20:	-0.03%
Price / MAexp50:	-1.23%
Price / MAexp100:	-4.40%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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