ZCASH - ZEC/USD - 1H - Technical analysis published on 06/15/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 50.65 USD
My targets
53.24 USD (+1.29%)
54.90 USD (+4.45%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on ZCASH - ZEC/USD. This is a positive signal for buyers. As long as the price remains above 50.65 USD, a purchase could be considered. The first bullish objective is located at 53.24 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 54.90 USD as an objective. Crossing it would then enable buyers to target 55.66 USD. In the event of a return below 50.65 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
7
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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 52.56 USD. The price registered an increase of +3.30% on the session and was traded between 48.34 USD and 53.01 USD over the period. The price is currently at +8.73% from its lowest and -0.85% from its highest.48.34
53.01
52.56
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
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this ZCASH - ZEC/USD chart shows a bullish trend. 71.43% 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 is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 49.68 | 50.65 | 52.37 | 52.56 | 53.24 | 54.90 | 55.66 |
| Change (%) | -5.48% | -3.63% | -0.36% | - | +1.29% | +4.45% | +5.90% |
| Change | -2.88 | -1.91 | -0.19 | - | +0.68 | +2.34 | +3.10 |
| Level | Minor | Major | Intermediate | - | Major | 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 | 47.52 | 49.03 | 49.95 | 51.46 | 52.38 | 53.89 | 54.81 |
| Camarilla | 50.21 | 50.44 | 50.66 | 50.88 | 51.10 | 51.33 | 51.55 |
| Woodie | 47.24 | 48.88 | 49.67 | 51.31 | 52.10 | 53.74 | 54.53 |
| Fibonacci | 49.03 | 49.96 | 50.53 | 51.46 | 52.39 | 52.96 | 53.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.33 | 44.77 | 48.78 | 52.22 | 56.23 | 59.67 | 63.68 |
| Camarilla | 50.74 | 51.42 | 52.11 | 52.79 | 53.47 | 54.16 | 54.84 |
| Woodie | 41.62 | 44.91 | 49.07 | 52.36 | 56.52 | 59.81 | 63.97 |
| Fibonacci | 44.77 | 47.62 | 49.37 | 52.22 | 55.07 | 56.82 | 59.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.32 | 30.09 | 40.87 | 48.64 | 59.42 | 67.19 | 77.97 |
| Camarilla | 46.54 | 48.24 | 49.94 | 51.64 | 53.34 | 55.04 | 56.74 |
| Woodie | 23.82 | 30.84 | 42.37 | 49.39 | 60.92 | 67.94 | 79.47 |
| Fibonacci | 30.09 | 37.18 | 41.56 | 48.64 | 55.73 | 60.11 | 67.19 |
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): | 66.61 | |
| MACD (12,26,9): | 0.3400 | |
| Directional Movement: | 20.79 | |
| AROON (14): | 71.42 | |
| DEMA (21): | 51.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 49.51 | |
| Elder Ray (13): | 1.48 | |
| Super Trend (3,10): | 50.50 | |
| Zig ZAG (10): | 52.73 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 87.44 | |
| TEMA (21): | 51.68 | |
| Williams %R (14): | -11.56 | |
| Chande Momentum Oscillator (20): | 4.00 | |
| Repulse (5,40,3): | 1.3300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 7.38 |
| MA7: | 51.96 | |
| MA20: | 51.57 | |
| MA50: | 47.56 | |
| MA100: | 41.42 | |
| MAexp7: | 51.64 | |
| MAexp20: | 50.85 | |
| MAexp50: | 50.92 | |
| MAexp100: | 51.28 | |
| Price / MA7: | +1.15% | |
| Price / MA20: | +1.92% | |
| Price / MA50: | +10.51% | |
| Price / MA100: | +26.90% | |
| Price / MAexp7: | +1.78% | |
| Price / MAexp20: | +3.36% | |
| Price / MAexp50: | +3.22% | |
| Price / MAexp100: | +2.50% |
Quotes :
2020-06-15 18:56:12
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Real time data
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