HORIZEN - ZEN/USD
HORIZEN - ZEN/USD
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Type: Cryptocurrencies
Ticker: ZENUSD
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HORIZEN - ZEN/USD - 1H - Technical analysis published on 03/30/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 5.77 USD
My targets
5.97 USD (+2.75%)
6.23 USD (+7.23%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on HORIZEN - ZEN/USD as long as the price remains well above 5.77 USD. The buyers” bullish objective is set at 5.97 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.23 USD. If there is any crossing, the next objective would be the resistance located at 7.44 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
0
10
6.3

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The HORIZEN - ZEN/USD price is 5.81 USD. The price registered an increase of +7.79% on the session and was traded between 5.39 USD and 5.85 USD over the period. The price is currently at +7.79% from its lowest and -0.68% from its highest.

5.39
5.85
5.81

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


Technical analysis of HORIZEN - ZEN/USD in 1H shows a strongly overall bullish trend. 85.71% 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.

In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

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:

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 4.94 5.31 5.77 5.81 5.97 6.23 7.44
Change (%) -14.97% -8.61% -0.69% - +2.75% +7.23% +28.06%
Change -0.87 -0.50 -0.04 - +0.16 +0.42 +1.63
Level Intermediate Intermediate Major - Minor 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
Standard4.324.805.095.575.866.346.63
Camarilla5.185.255.325.395.465.535.60
Woodie4.244.755.015.525.786.296.55
Fibonacci4.805.095.275.575.866.046.34


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.204.575.305.676.406.777.50
Camarilla5.735.835.936.036.136.236.33
Woodie4.384.665.485.766.586.867.68
Fibonacci4.574.995.255.676.096.356.77


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.155.637.8511.3313.5517.0319.25
Camarilla8.519.049.5610.0810.6011.1311.65
Woodie1.535.327.2311.0212.9316.7218.63
Fibonacci5.637.809.1511.3313.5014.8517.03

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 60.00
MACD (12,26,9): 0.0700
Directional Movement: 6.31
AROON (14): 50.00
DEMA (21): 5.79
Parabolic SAR (0,02-0,02-0,2): 5.83
Elder Ray (13): 0.03
Super Trend (3,10): 5.57
Zig ZAG (10): 5.75
VORTEX (21): 1.2100
Stochastique (14,3,5): 58.87
TEMA (21): 5.82
Williams %R (14): -50.00
Chande Momentum Oscillator (20): -0.02
Repulse (5,40,3): 0.0900
ROCnROLL: 1
TRIX (15,9): 0.2100
Courbe Coppock: 4.58
MA7: 5.55
MA20: 5.56
MA50: 8.97
MA100: 8.96
MAexp7: 5.76
MAexp20: 5.70
MAexp50: 5.59
MAexp100: 5.52
Price / MA7: +4.68%
Price / MA20: +4.50%
Price / MA50: -35.23%
Price / MA100: -35.16%
Price / MAexp7: +0.87%
Price / MAexp20: +1.93%
Price / MAexp50: +3.94%
Price / MAexp100: +5.25%

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

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