ZCASH - ZEC/USD

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Type:	Cryptocurrencies
Ticker:	ZECUSD
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ZCASH - ZEC/USD - 1H - Technical analysis published on 01/02/2025 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

89%

11%

My opinion

Bullish above 58.88 USD

My targets

63.87 USD (+5.49%)

66.20 USD (+9.33%)

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 58.88 USD. The buyers' bullish objective is set at 63.87 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 66.20 USD. If there is any crossing, the next objective would be the resistance located at 70.28 USD.

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

6.4

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

The ZCASH - ZEC/USD rating is 60.55 USD. The price registered an increase of +4.24% on the session and was between 57.84 USD and 61.21 USD. This implies that the price is at +4.69% from its lowest and at -1.08% from its highest.

57.84

61.21

60.55

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

The Central Records scanner for higher/lower results shows an item:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on ZCASH - ZEC/USD were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this 1H chart of ZCASH - ZEC/USD indicates that the overall trend is bullish. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced 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.

In fact, 16 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

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

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

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Upside gap

Type : Bullish

Timeframe : 1 hour

Bearish doji star

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	55.02	57.11	58.88	60.55	66.20	70.28	74.69
Change (%)	-9.13%	-5.68%	-2.76%	-	+9.33%	+16.07%	+23.35%
Change	-5.53	-3.44	-1.67	-	+5.65	+9.73	+14.14
Level	Intermediate	Minor	Intermediate	-	Major	Minor	Major

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	51.80	53.41	55.75	57.36	59.70	61.31	63.65
Camarilla	57.00	57.37	57.73	58.09	58.45	58.81	59.18
Woodie	52.17	53.59	56.12	57.54	60.07	61.49	64.02
Fibonacci	53.41	54.92	55.85	57.36	58.87	59.80	61.31

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.24	35.88	49.23	63.87	77.22	91.86	105.21
Camarilla	54.87	57.44	60.00	62.57	65.14	67.70	70.27
Woodie	20.59	35.56	48.58	63.55	76.57	91.54	104.56
Fibonacci	35.88	46.58	53.18	63.87	74.57	81.17	91.86

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.40	20.81	38.49	58.90	76.58	96.99	114.67
Camarilla	45.71	49.20	52.69	56.18	59.67	63.16	66.66
Woodie	-0.96	20.13	37.14	58.22	75.23	96.31	113.32
Fibonacci	20.81	35.36	44.35	58.90	73.45	82.44	96.99

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):	76.10
MACD (12,26,9):	0.9700
Directional Movement:	25.87
AROON (14):	100.00
DEMA (21):	59.50
Parabolic SAR (0,02-0,02-0,2):	58.11
Elder Ray (13):	1.84
Super Trend (3,10):	58.49
Zig ZAG (10):	60.87
VORTEX (21):	1.3500
Stochastique (14,3,5):	94.91
TEMA (21):	60.56
Williams %R (14):	-0.61
Chande Momentum Oscillator (20):	3.88
Repulse (5,40,3):	2.8000
ROCnROLL:	1
TRIX (15,9):	0.1500
Courbe Coppock:	12.29

MA7:	59.77
MA20:	59.49
MA50:	57.34
MA100:	46.37
MAexp7:	59.82
MAexp20:	58.44
MAexp50:	58.00
MAexp100:	59.00
Price / MA7:	+1.31%
Price / MA20:	+1.78%
Price / MA50:	+5.60%
Price / MA100:	+30.58%
Price / MAexp7:	+1.22%
Price / MAexp20:	+3.61%
Price / MAexp50:	+4.40%
Price / MAexp100:	+2.63%

Quotes : - Real time data - Cryptocompare

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

About author

Londinia AI

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