ZCASH - ZEC/USD - Daily - Technical analysis published on 04/23/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 39.19 USD
My targets
49.59 USD (+9.34%)
53.30 USD (+17.53%)
My analysis
The strong short-term increase for ZCASH - ZEC/USD reinforces the current slightly bullish trend. As long as the price remains above 39.19 USD, you could take advantage of this bullish acceleration. The first bullish objective is located at 49.59 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 53.30 USD as an objective. Crossing it would then enable buyers to target 61.44 USD. A return to 39.19 USD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a 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
4.3
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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/USD rating 45.35 USD. The price has increased by -0.64% since the last closing with the lowest point at 43.79 USD and the highest point at 46.12 USD. The deviation from the price is +3.56% for the low point and -1.67% for the high point.43.79
46.12
45.35
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ZCASH - ZEC/USD:
Technical
A technical analysis in Daily of this ZCASH - ZEC/USD chart shows a slightly bullish trend. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being 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 shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
White morning star
Type : Bullish
Timeframe : Daily
Downside Tasuki gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 27.02 | 33.33 | 39.19 | 45.35 | 46.01 | 53.30 | 61.44 |
| Change (%) | -40.42% | -26.50% | -13.58% | - | +1.46% | +17.53% | +35.48% |
| Change | -18.33 | -12.02 | -6.16 | - | +0.66 | +7.95 | +16.09 |
| Level | Intermediate | Intermediate | Minor | - | Major | 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 | 39.71 | 40.89 | 43.27 | 44.45 | 46.83 | 48.01 | 50.39 |
| Camarilla | 44.66 | 44.99 | 45.31 | 45.64 | 45.97 | 46.29 | 46.62 |
| Woodie | 40.30 | 41.19 | 43.86 | 44.75 | 47.42 | 48.31 | 50.98 |
| Fibonacci | 40.89 | 42.25 | 43.09 | 44.45 | 45.81 | 46.65 | 48.01 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.53 | 30.68 | 36.41 | 39.56 | 45.29 | 48.44 | 54.17 |
| Camarilla | 39.70 | 40.51 | 41.33 | 42.14 | 42.95 | 43.77 | 44.58 |
| Woodie | 28.82 | 31.33 | 37.70 | 40.21 | 46.58 | 49.09 | 55.46 |
| Fibonacci | 30.68 | 34.07 | 36.17 | 39.56 | 42.95 | 45.05 | 48.44 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.31 | 49.59 | 45.78 | 54.06 | 50.25 | 58.53 | 54.72 |
| Camarilla | 40.75 | 41.16 | 41.57 | 41.98 | 42.39 | 42.80 | 43.21 |
| Woodie | 35.28 | 46.57 | 39.75 | 51.04 | 44.22 | 55.51 | 48.69 |
| Fibonacci | 49.59 | 51.29 | 52.35 | 54.06 | 55.76 | 56.82 | 58.53 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 55.30 | |
| MACD (12,26,9): | 2.9600 | |
| Directional Movement: | 9.59 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 44.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 40.88 | |
| Elder Ray (13): | 2.05 | |
| Super Trend (3,10): | 61.93 | |
| Zig ZAG (10): | 45.35 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 36.94 | |
| TEMA (21): | 47.90 | |
| Williams %R (14): | -59.58 | |
| Chande Momentum Oscillator (20): | 8.88 | |
| Repulse (5,40,3): | 5.2100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.8900 | |
| Courbe Coppock: | 48.53 |
| MA7: | 46.05 | |
| MA20: | 40.15 | |
| MA50: | 35.90 | |
| MA100: | 47.84 | |
| MAexp7: | 44.97 | |
| MAexp20: | 41.13 | |
| MAexp50: | 40.23 | |
| MAexp100: | 41.72 | |
| Price / MA7: | -1.52% | |
| Price / MA20: | +12.95% | |
| Price / MA50: | +26.32% | |
| Price / MA100: | -5.20% | |
| Price / MAexp7: | +0.85% | |
| Price / MAexp20: | +10.26% | |
| Price / MAexp50: | +12.73% | |
| Price / MAexp100: | +8.70% |
This member declared not having a position on this financial instrument or a related financial instrument.
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