HORIZEN - ZEN/USDT - 1H - Technical analysis published on 03/08/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 49.72 USDT
My targets
51.40 USDT (+0.88%)
55.69 USDT (+9.30%)
My analysis
HORIZEN - ZEN/USDT 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 49.72 USDT. The next resistance located at 51.40 USDT 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 55.69 USDT. After this resistance, buyers could then target 81.03 USDT. 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
0
10
8.8
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This analysis was given by Currenciesboost. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
HORIZEN - ZEN/USDT rating 50.95 USDT. The price has increased by +1.17% since the last closing and was between 50.35 USDT and 50.96 USDT. This implies that the price is at +1.19% from its lowest and at -0.02% from its highest.50.35
50.96
50.95
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this HORIZEN - ZEN/USDT 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 44.49 | 47.03 | 49.72 | 50.95 | 51.40 | 81.03 |
| Change (%) | -12.68% | -7.69% | -2.41% | - | +0.88% | +59.04% |
| Change | -6.46 | -3.92 | -1.23 | - | +0.45 | +30.08 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Intermediate |
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 | 38.42 | 39.84 | 41.57 | 42.99 | 44.72 | 46.14 | 47.87 |
| Camarilla | 42.42 | 42.71 | 43.00 | 43.29 | 43.58 | 43.87 | 44.16 |
| Woodie | 38.57 | 39.92 | 41.72 | 43.07 | 44.87 | 46.22 | 48.02 |
| Fibonacci | 39.84 | 41.05 | 41.79 | 42.99 | 44.20 | 44.94 | 46.14 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.73 | 32.93 | 38.11 | 44.31 | 49.49 | 55.69 | 60.87 |
| Camarilla | 40.16 | 41.20 | 42.25 | 43.29 | 44.33 | 45.38 | 46.42 |
| Woodie | 26.22 | 32.68 | 37.60 | 44.06 | 48.98 | 55.44 | 60.36 |
| Fibonacci | 32.93 | 37.28 | 39.96 | 44.31 | 48.66 | 51.34 | 55.69 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -32.10 | -0.17 | 20.81 | 52.74 | 73.72 | 105.65 | 126.63 |
| Camarilla | 27.25 | 32.10 | 36.95 | 41.80 | 46.65 | 51.50 | 56.35 |
| Woodie | -37.57 | -2.91 | 15.35 | 50.00 | 68.26 | 102.91 | 121.17 |
| Fibonacci | -0.17 | 20.04 | 32.53 | 52.74 | 72.95 | 85.44 | 105.65 |
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): | 73.87 | |
| MACD (12,26,9): | 1.4800 | |
| Directional Movement: | 29.56 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 48.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 47.81 | |
| Elder Ray (13): | 2.00 | |
| Super Trend (3,10): | 46.79 | |
| Zig ZAG (10): | 49.96 | |
| VORTEX (21): | 1.2900 | |
| Stochastique (14,3,5): | 91.56 | |
| TEMA (21): | 50.15 | |
| Williams %R (14): | -3.05 | |
| Chande Momentum Oscillator (20): | 4.89 | |
| Repulse (5,40,3): | 2.9400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4200 | |
| Courbe Coppock: | 18.79 |
| MA7: | 45.97 | |
| MA20: | 55.46 | |
| MA50: | 44.03 | |
| MA100: | 28.98 | |
| MAexp7: | 49.14 | |
| MAexp20: | 47.06 | |
| MAexp50: | 45.45 | |
| MAexp100: | 45.09 | |
| Price / MA7: | +10.83% | |
| Price / MA20: | -8.13% | |
| Price / MA50: | +15.72% | |
| Price / MA100: | +75.81% | |
| Price / MAexp7: | +3.68% | |
| Price / MAexp20: | +8.27% | |
| Price / MAexp50: | +12.10% | |
| Price / MAexp100: | +13.00% |
Quotes :
2021-03-08 00:23:47
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Real time data
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Cryptocompare
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