ZCASH - ZEC/USDT - 1H - Technical analysis published on 06/17/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 137.83 USDT
My targets
150.74 USDT (+4.96%)
170.94 USDT (+19.02%)
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/USDT as long as the price remains well above 137.83 USDT. The buyers' bullish objective is set at 150.74 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 170.94 USDT. If there is any crossing, the next objective would be the resistance located at 180.41 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ZCASH - ZEC/USDT rating 143.62 USDT. The price registered an increase of +4.71% on the session with the lowest point at 136.66 USDT and the highest point at 146.58 USDT. The deviation from the price is +5.09% for the low point and -2.02% for the high point.136.66
146.58
143.62
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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 this 1H chart of ZCASH - ZEC/USDT indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 134.97 | 137.83 | 143.18 | 143.62 | 150.74 | 180.41 | 280.03 |
| Change (%) | -6.02% | -4.03% | -0.31% | - | +4.96% | +25.62% | +94.98% |
| Change | -8.65 | -5.79 | -0.44 | - | +7.12 | +36.79 | +136.41 |
| Level | Intermediate | Minor | Major | - | Intermediate | 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 | 120.74 | 126.61 | 131.88 | 137.75 | 143.02 | 148.89 | 154.16 |
| Camarilla | 134.10 | 135.12 | 136.14 | 137.16 | 138.18 | 139.20 | 140.22 |
| Woodie | 120.45 | 126.46 | 131.59 | 137.60 | 142.73 | 148.74 | 153.87 |
| Fibonacci | 126.61 | 130.86 | 133.49 | 137.75 | 142.00 | 144.63 | 148.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 73.89 | 96.48 | 111.12 | 133.71 | 148.35 | 170.94 | 185.58 |
| Camarilla | 115.51 | 118.93 | 122.34 | 125.75 | 129.16 | 132.58 | 135.99 |
| Woodie | 69.91 | 94.49 | 107.14 | 131.72 | 144.37 | 168.95 | 181.60 |
| Fibonacci | 96.48 | 110.71 | 119.49 | 133.71 | 147.94 | 156.72 | 170.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -237.22 | -74.36 | 43.79 | 206.65 | 324.80 | 487.66 | 605.81 |
| Camarilla | 84.65 | 110.41 | 136.17 | 161.93 | 187.69 | 213.45 | 239.21 |
| Woodie | -259.59 | -85.54 | 21.43 | 195.47 | 302.44 | 476.48 | 583.45 |
| Fibonacci | -74.36 | 32.99 | 99.31 | 206.65 | 314.00 | 380.32 | 487.66 |
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): | 49.59 | |
| MACD (12,26,9): | 1.1100 | |
| Directional Movement: | 6.91 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 143.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 146.47 | |
| Elder Ray (13): | -1.08 | |
| Super Trend (3,10): | 137.92 | |
| Zig ZAG (10): | 141.32 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 54.23 | |
| TEMA (21): | 143.70 | |
| Williams %R (14): | -47.68 | |
| Chande Momentum Oscillator (20): | -0.35 | |
| Repulse (5,40,3): | -0.7500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 5.40 |
| MA7: | 134.09 | |
| MA20: | 144.67 | |
| MA50: | 198.15 | |
| MA100: | 191.37 | |
| MAexp7: | 142.83 | |
| MAexp20: | 141.88 | |
| MAexp50: | 139.60 | |
| MAexp100: | 137.23 | |
| Price / MA7: | +7.11% | |
| Price / MA20: | -0.73% | |
| Price / MA50: | -27.52% | |
| Price / MA100: | -24.95% | |
| Price / MAexp7: | +0.55% | |
| Price / MAexp20: | +1.23% | |
| Price / MAexp50: | +2.88% | |
| Price / MAexp100: | +4.66% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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