ZCASH - ZEC/USD

- USD (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	ZECUSD
ISIN:

ZCASH - ZEC/USD - 1H - Technical analysis published on 11/24/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 52.50 USD

My targets

56.14 USD (+2.83%)

62.12 USD (+13.80%)

My analysis

ZCASH - ZEC/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 52.50 USD. The next resistance located at 56.14 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 62.12 USD. After this resistance, buyers could then target 80.08 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.8

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 54.59 USD. The price registered an increase of +11.71% on the session and was traded between 48.56 USD and 54.95 USD over the period. The price is currently at +12.42% from its lowest and -0.66% from its highest.

48.56

54.95

54.59

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:

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

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

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. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

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 setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish harami

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	47.00	47.95	50.88	54.59	80.08	210.57
Change (%)	-13.90%	-12.16%	-6.80%	-	+46.69%	+285.73%
Change	-7.59	-6.64	-3.71	-	+25.49	+155.98
Level	Major	Intermediate	Major	-	Minor	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	42.01	43.90	46.38	48.27	50.75	52.64	55.12
Camarilla	47.67	48.07	48.47	48.87	49.27	49.67	50.07
Woodie	42.32	44.05	46.69	48.42	51.06	52.79	55.43
Fibonacci	43.90	45.57	46.60	48.27	49.94	50.97	52.64

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.26	36.90	42.88	46.52	52.50	56.14	62.12
Camarilla	46.23	47.11	47.99	48.87	49.75	50.63	51.52
Woodie	34.44	37.49	44.06	47.11	53.68	56.73	63.30
Fibonacci	36.90	40.57	42.84	46.52	50.19	52.46	56.14

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.34	21.34	29.07	35.07	42.80	48.80	56.53
Camarilla	33.02	34.28	35.54	36.80	38.06	39.32	40.58
Woodie	16.21	21.77	29.94	35.50	43.67	49.23	57.40
Fibonacci	21.34	26.59	29.83	35.07	40.32	43.56	48.80

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):	74.96
MACD (12,26,9):	1.2600
Directional Movement:	27.81
AROON (14):	50.00
DEMA (21):	51.32
Parabolic SAR (0,02-0,02-0,2):	48.31
Elder Ray (13):	2.50
Super Trend (3,10):	49.63
Zig ZAG (10):	53.07
VORTEX (21):	1.2200
Stochastique (14,3,5):	96.37
TEMA (21):	51.83
Williams %R (14):	-2.51
Chande Momentum Oscillator (20):	4.62
Repulse (5,40,3):	4.9100
ROCnROLL:	1
TRIX (15,9):	0.2800
Courbe Coppock:	9.01

MA7:	46.18
MA20:	43.80
MA50:	38.99
MA100:	35.50
MAexp7:	51.62
MAexp20:	49.44
MAexp50:	47.75
MAexp100:	46.18
Price / MA7:	+18.21%
Price / MA20:	+24.63%
Price / MA50:	+40.01%
Price / MA100:	+53.77%
Price / MAexp7:	+5.75%
Price / MAexp20:	+10.42%
Price / MAexp50:	+14.32%
Price / MAexp100:	+18.21%

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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