CRYPTO 0X PROTOCOL - ZRX/USDT
CRYPTO 0X PROTOCOL - ZRX/USDT
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Type: Cryptocurrencies
Ticker: ZRXUSDT
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CRYPTO 0X PROTOCOL - ZRX/USDT - 1H - Technical analysis published on 08/21/2020 (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
89%
0%
11%
My opinion
Bullish above 0.706300 USDT
My targets
0.932200 USDT (+8.71%)
1.250000 USDT (+45.77%)
My analysis
The bullish trend is currently very strong on CRYPTO 0X - ZRX/USDT. As long as the price remains above the support at 0.706300 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.932200 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.250000 USDT as an objective. Crossing it would then enable buyers to target 1.850000 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.

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
8.9

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 Monocle360. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CRYPTO 0X - ZRX/USDT rating is 0.857500 USDT. The price has increased by +40.18% since the last closing and was between 0.611600 USDT and 0.950600 USDT. This implies that the price is at +40.21% from its lowest and at -9.79% from its highest.

0.611600
0.950600
0.857500

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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



The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days

Technical


A technical analysis in 1H of this CRYPTO 0X - ZRX/USDT chart shows a strongly bullish trend. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 80

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

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.609300 0.633200 0.680000 0.857500 0.932200 1.250000 1.850000
Change (%) -28.94% -26.16% -20.70% - +8.71% +45.77% +115.74%
Change -0.248200 -0.224300 -0.177500 - +0.074700 +0.392500 +0.992500
Level Intermediate Major Minor - Minor Minor 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
Standard0.3443000.4251000.5184000.5992000.6925000.7733000.866600
Camarilla0.5638230.5797820.5957410.6117000.6276590.6436180.659578
Woodie0.3505500.4282250.5246500.6023250.6987500.7764250.872850
Fibonacci0.4251000.4916060.5326940.5992000.6657060.7067940.773300


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2761000.3421000.4195000.4855000.5629000.6289000.706300
Camarilla0.4574650.4706100.4837550.4969000.5100450.5231900.536335
Woodie0.2818000.3449500.4252000.4883500.5686000.6317500.712000
Fibonacci0.3421000.3968790.4307210.4855000.5402790.5741210.628900


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1697000.2506000.3158000.3967000.4619000.5428000.608000
Camarilla0.3408230.3542150.3676080.3810000.3943930.4077850.421178
Woodie0.1618500.2466750.3079500.3927750.4540500.5388750.600150
Fibonacci0.2506000.3064100.3408900.3967000.4525100.4869900.542800

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): 87.38
MACD (12,26,9): 0.0593
Directional Movement: 47.271785
AROON (14): 100.000000
DEMA (21): 0.733881
Parabolic SAR (0,02-0,02-0,2): 0.642325
Elder Ray (13): 0.120477
Super Trend (3,10): 0.657622
Zig ZAG (10): 0.824400
VORTEX (21): 1.3180
Stochastique (14,3,5): 81.35
TEMA (21): 0.803226
Williams %R (14): -12.85
Chande Momentum Oscillator (20): 0.213300
Repulse (5,40,3): 7.8950
ROCnROLL: 1
TRIX (15,9): 1.1253
Courbe Coppock: 56.45
MA7: 0.604871
MA20: 0.489645
MA50: 0.435840
MA100: 0.388821
MAexp7: 0.775030
MAexp20: 0.664991
MAexp50: 0.604867
MAexp100: 0.574526
Price / MA7: +41.77%
Price / MA20: +75.13%
Price / MA50: +96.75%
Price / MA100: +120.54%
Price / MAexp7: +10.71%
Price / MAexp20: +29.02%
Price / MAexp50: +41.85%
Price / MAexp100: +49.34%

Quotes : 2020-08-21 09:13:23 - Real time data - Cryptocompare

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

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