ZCASH - ZEC/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ZECUSDT
ISIN:

ZCASH - ZEC/USDT - Weekly - Technical analysis published on 05/07/2023 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

50%

28%

My opinion

Bearish under 46.97 USDT

My targets

32.63 USDT (-8.93%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ZCASH - ZEC/USDT as long as the price remains well below 46.97 USDT. The sellers' bearish objective is set at 32.63 USDT. A bearish break of this support would revive the bearish momentum. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

Comment on the analysis

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 leron. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

ZCASH - ZEC/USDT rating 35.83 USDT. The price is lower by -1.62% over the 5 days and has been traded over the last 5 days between 35.51 USDT and 37.67 USDT. This implies that the 5 day price is +0.90% from its lowest point and -4.88% from its highest point.

35.51

37.67

35.83

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ZCASH - ZEC/USDT:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of ZCASH - ZEC/USDT in Weekly shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	32.63	35.83	86.69	172.79	210.30
Change (%)	-8.93%	-	+141.95%	+382.25%	+486.94%
Change	-3.20	-	+50.86	+136.96	+174.47
Level	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
Standard	32.85	34.05	34.96	36.16	37.07	38.27	39.18
Camarilla	35.29	35.48	35.68	35.87	36.06	36.26	36.45
Woodie	32.71	33.98	34.82	36.09	36.93	38.20	39.04
Fibonacci	34.05	34.86	35.35	36.16	36.97	37.46	38.27

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	31.21	33.23	34.55	36.57	37.89	39.91	41.23
Camarilla	34.95	35.26	35.56	35.87	36.18	36.48	36.79
Woodie	30.86	33.06	34.20	36.40	37.54	39.74	40.88
Fibonacci	33.23	34.51	35.29	36.57	37.85	38.63	39.91

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.54	30.23	33.91	38.60	42.28	46.97	50.65
Camarilla	35.29	36.06	36.82	37.59	38.36	39.13	39.89
Woodie	25.04	29.98	33.41	38.35	41.78	46.72	50.15
Fibonacci	30.23	33.43	35.40	38.60	41.80	43.77	46.97

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):	38.95
MACD (12,26,9):	-5.1400
Directional Movement:	-10.44
AROON (14):	-14.28
DEMA (21):	33.43
Parabolic SAR (0,02-0,02-0,2):	44.61
Elder Ray (13):	-3.14
Super Trend (3,10):	52.36
Zig ZAG (10):	35.72
VORTEX (21):	0.9600
Stochastique (14,3,5):	30.96
TEMA (21):	37.50
Williams %R (14):	-72.18
Chande Momentum Oscillator (20):	-12.10
Repulse (5,40,3):	-5.0300
ROCnROLL:	2
TRIX (15,9):	-1.6100
Courbe Coppock:	32.84

MA7:	36.46
MA20:	37.39
MA50:	37.84
MA100:	40.18
MAexp7:	37.48
MAexp20:	41.15
MAexp50:	57.64
MAexp100:	77.08
Price / MA7:	-1.73%
Price / MA20:	-4.17%
Price / MA50:	-5.31%
Price / MA100:	-10.83%
Price / MAexp7:	-4.40%
Price / MAexp20:	-12.93%
Price / MAexp50:	-37.84%
Price / MAexp100:	-53.52%

Quotes : - Real time data - Cryptocompare

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

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