ZCOIN - XZC/USDT - 1H - Technical analysis published on 08/21/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
ZCOIN - XZC/USDT Chart
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 6.60 USDT
My targets
7.01 USDT (+2.79%)
7.19 USDT (+5.43%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ZCOIN - XZC/USDT as long as the price remains well above 6.60 USDT. The buyers” bullish objective is set at 7.01 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.19 USDT. If there is any crossing, the next objective would be the resistance located at 7.53 USDT.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.4
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.
Additional analysis
Quotes
ZCOIN - XZC/USDT rating 6.82 USDT. The price has increased by +2.71% since the last closing and was traded between 6.57 USDT and 6.84 USDT over the period. The price is currently at +3.81% from its lowest and -0.29% from its highest.6.57
6.84
6.82
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 ZCOIN - XZC/USDT indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.25 | 6.44 | 6.60 | 6.82 | 6.83 | 7.01 | 7.19 |
| Change (%) | -8.36% | -5.57% | -3.23% | - | +0.15% | +2.79% | +5.43% |
| Change | -0.57 | -0.38 | -0.22 | - | +0.01 | +0.19 | +0.37 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.89 | 6.07 | 6.35 | 6.53 | 6.82 | 7.00 | 7.28 |
| Camarilla | 6.51 | 6.55 | 6.60 | 6.64 | 6.68 | 6.72 | 6.77 |
| Woodie | 5.94 | 6.10 | 6.41 | 6.56 | 6.87 | 7.03 | 7.34 |
| Fibonacci | 6.07 | 6.25 | 6.36 | 6.53 | 6.71 | 6.82 | 7.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.34 | 5.41 | 6.14 | 7.21 | 7.93 | 9.01 | 9.73 |
| Camarilla | 6.36 | 6.53 | 6.69 | 6.86 | 7.02 | 7.19 | 7.35 |
| Woodie | 4.16 | 5.32 | 5.96 | 7.12 | 7.76 | 8.92 | 9.56 |
| Fibonacci | 5.41 | 6.10 | 6.52 | 7.21 | 7.90 | 8.32 | 9.01 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.29 | 3.20 | 4.43 | 5.33 | 6.56 | 7.47 | 8.70 |
| Camarilla | 5.07 | 5.27 | 5.46 | 5.66 | 5.85 | 6.05 | 6.25 |
| Woodie | 2.46 | 3.28 | 4.59 | 5.42 | 6.73 | 7.55 | 8.86 |
| Fibonacci | 3.20 | 4.01 | 4.52 | 5.33 | 6.15 | 6.65 | 7.47 |
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): | 66.33 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | 5.70 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 6.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.68 | |
| Elder Ray (13): | 0.10 | |
| Super Trend (3,10): | 6.57 | |
| Zig ZAG (10): | 6.77 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 75.57 | |
| TEMA (21): | 6.81 | |
| Williams %R (14): | -30.32 | |
| Chande Momentum Oscillator (20): | 0.12 | |
| Repulse (5,40,3): | -0.3700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 3.90 |
| MA7: | 6.72 | |
| MA20: | 6.97 | |
| MA50: | 5.95 | |
| MA100: | 5.23 | |
| MAexp7: | 6.75 | |
| MAexp20: | 6.67 | |
| MAexp50: | 6.60 | |
| MAexp100: | 6.65 | |
| Price / MA7: | +1.49% | |
| Price / MA20: | -2.15% | |
| Price / MA50: | +14.62% | |
| Price / MA100: | +30.40% | |
| Price / MAexp7: | +1.04% | |
| Price / MAexp20: | +2.25% | |
| Price / MAexp50: | +3.33% | |
| Price / MAexp100: | +2.56% |
Quotes :
2020-08-21 09:11:06
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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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