ZCASH - ZEC/USD

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- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ZECUSD
ISIN:

ZCASH - ZEC/USD - 1H - Technical analysis published on 10/05/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 27.00 USD

My targets

28.85 USD (+3.74%)

30.14 USD (+8.38%)

My analysis

The bullish trend is currently very strong on ZCASH - ZEC/USD. As long as the price remains above the support at 27.00 USD, you could try to benefit from the boom. The first bullish objective is located at 28.85 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 30.14 USD as an objective. Crossing it would then enable buyers to target 31.61 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.4

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

ZCASH - ZEC/USD rating 27.81 USD. On the day, this instrument gained +3.77% and was traded between 26.64 USD and 28.36 USD over the period. The price is currently at +4.39% from its lowest and -1.94% from its highest.

26.64

28.36

27.81

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of ZCASH - ZEC/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	26.00	27.00	27.69	27.81	28.85	30.14	31.61
Change (%)	-6.51%	-2.91%	-0.43%	-	+3.74%	+8.38%	+13.66%
Change	-1.81	-0.81	-0.12	-	+1.04	+2.33	+3.80
Level	Intermediate	Intermediate	Intermediate	-	Minor	Minor	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24.14	24.77	25.79	26.42	27.44	28.07	29.09
Camarilla	26.35	26.50	26.65	26.80	26.95	27.10	27.25
Woodie	24.33	24.87	25.98	26.52	27.63	28.17	29.28
Fibonacci	24.77	25.40	25.79	26.42	27.05	27.44	28.07

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24.56	26.32	27.91	29.67	31.26	33.02	34.61
Camarilla	28.57	28.88	29.18	29.49	29.80	30.10	30.41
Woodie	24.47	26.28	27.82	29.63	31.17	32.98	34.52
Fibonacci	26.32	27.60	28.39	29.67	30.95	31.74	33.02

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.05	22.69	25.24	28.88	31.43	35.07	37.62
Camarilla	26.09	26.66	27.22	27.79	28.36	28.93	29.49
Woodie	18.51	22.42	24.70	28.61	30.89	34.80	37.08
Fibonacci	22.69	25.06	26.52	28.88	31.25	32.71	35.07

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):	67.96
MACD (12,26,9):	0.3700
Directional Movement:	26.92
AROON (14):	64.28
DEMA (21):	27.78
Parabolic SAR (0,02-0,02-0,2):	27.58
Elder Ray (13):	0.45
Super Trend (3,10):	27.15
Zig ZAG (10):	27.92
VORTEX (21):	1.1900
Stochastique (14,3,5):	77.52
TEMA (21):	28.00
Williams %R (14):	-25.58
Chande Momentum Oscillator (20):	0.94
Repulse (5,40,3):	0.0400
ROCnROLL:	1
TRIX (15,9):	0.1600
Courbe Coppock:	7.05

MA7:	27.09
MA20:	29.06
MA50:	32.04
MA100:	30.95
MAexp7:	27.74
MAexp20:	27.33
MAexp50:	26.89
MAexp100:	26.94
Price / MA7:	+2.66%
Price / MA20:	-4.30%
Price / MA50:	-13.20%
Price / MA100:	-10.15%
Price / MAexp7:	+0.25%
Price / MAexp20:	+1.76%
Price / MAexp50:	+3.42%
Price / MAexp100:	+3.23%

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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