Londinia Opportunities Analyses - 05/03/2024 (GMT) ZCASH - ZEC/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | ZECUSDT |
| ISIN: |
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 22.93 USDT
My targets
23.63 USDT (+1.99%)
23.93 USDT (+3.28%)
My analysis
The bullish trend is currently very strong on ZCASH - ZEC/USDT. As long as the price remains above the support at 22.93 USDT, you could try to benefit from the boom. The first bullish objective is located at 23.63 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 23.93 USDT as an objective. Crossing it would then enable buyers to target 24.44 USDT. 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8
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Additional analysis
Quotes
ZCASH - ZEC/USDT rating 23.17 USDT. The price has increased by +1.85% since the last closing with the lowest point at 22.19 USDT and the highest point at 23.43 USDT. The deviation from the price is +4.42% for the low point and -1.11% for the high point.22.19
23.43
23.17
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of ZCASH - ZEC/USDT indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner found no further results concerning independent technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.56 | 22.16 | 22.93 | 23.17 | 23.26 | 23.63 | 23.93 |
| Change (%) | -6.95% | -4.36% | -1.04% | - | +0.39% | +1.99% | +3.28% |
| Change | -1.61 | -1.01 | -0.24 | - | +0.09 | +0.46 | +0.76 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Major | 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 | 20.37 | 20.97 | 21.86 | 22.46 | 23.35 | 23.95 | 24.84 |
| Camarilla | 22.34 | 22.48 | 22.61 | 22.75 | 22.89 | 23.02 | 23.16 |
| Woodie | 20.52 | 21.04 | 22.01 | 22.53 | 23.50 | 24.02 | 24.99 |
| Fibonacci | 20.97 | 21.54 | 21.89 | 22.46 | 23.03 | 23.38 | 23.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.69 | 20.93 | 22.07 | 23.31 | 24.45 | 25.69 | 26.83 |
| Camarilla | 22.57 | 22.78 | 23.00 | 23.22 | 23.44 | 23.66 | 23.88 |
| Woodie | 19.65 | 20.91 | 22.03 | 23.29 | 24.41 | 25.67 | 26.79 |
| Fibonacci | 20.93 | 21.84 | 22.40 | 23.31 | 24.22 | 24.78 | 25.69 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.55 | 10.79 | 16.07 | 23.31 | 28.59 | 35.83 | 41.11 |
| Camarilla | 17.92 | 19.07 | 20.21 | 21.36 | 22.51 | 23.66 | 24.80 |
| Woodie | 2.58 | 10.30 | 15.10 | 22.82 | 27.62 | 35.34 | 40.14 |
| Fibonacci | 10.79 | 15.57 | 18.52 | 23.31 | 28.09 | 31.04 | 35.83 |
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): | 61.49 | |
| MACD (12,26,9): | 0.2100 | |
| Directional Movement: | 13.27 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 23.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.65 | |
| Elder Ray (13): | 0.14 | |
| Super Trend (3,10): | 22.52 | |
| Zig ZAG (10): | 23.14 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 79.03 | |
| TEMA (21): | 23.15 | |
| Williams %R (14): | -24.17 | |
| Chande Momentum Oscillator (20): | 0.67 | |
| Repulse (5,40,3): | 0.4100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 4.12 |
| MA7: | 22.50 | |
| MA20: | 22.54 | |
| MA50: | 26.01 | |
| MA100: | 26.12 | |
| MAexp7: | 23.08 | |
| MAexp20: | 22.84 | |
| MAexp50: | 22.49 | |
| MAexp100: | 22.33 | |
| Price / MA7: | +2.98% | |
| Price / MA20: | +2.80% | |
| Price / MA50: | -10.92% | |
| Price / MA100: | -11.29% | |
| Price / MAexp7: | +0.39% | |
| Price / MAexp20: | +1.44% | |
| Price / MAexp50: | +3.02% | |
| Price / MAexp100: | +3.76% |
Quotes :
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Real time data
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