ZCASH - ZEC/USD - 1H - Technical analysis published on 07/17/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Neutral
Technical indicators
83%
0%
17%
My opinion
Bullish above 59.40 USD
My targets
60.65 USD (+1.42%)
61.63 USD (+3.06%)
My analysis
The current short-term bullish acceleration on ZCASH - ZEC/USD should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 59.40 USD. Short-term buyers will use the resistance located at 60.65 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 61.63 USD. Crossing this resistance would then open the door for buyers to target 63.06 USD. Caution, if there is a return to under 59.40 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
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
4.5
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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 59.80 USD. The price registered an increase of +1.22% on the session with the lowest point at 57.87 USD and the highest point at 60.27 USD. The deviation from the price is +3.34% for the low point and -0.78% for the high point.57.87
60.27
59.80
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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 1H of this ZCASH - ZEC/USD chart shows a neutral trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
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 : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 56.41 | 58.09 | 59.40 | 59.80 | 60.65 | 61.63 | 63.06 |
| Change (%) | -5.67% | -2.86% | -0.67% | - | +1.42% | +3.06% | +5.45% |
| Change | -3.39 | -1.71 | -0.40 | - | +0.85 | +1.83 | +3.26 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 52.55 | 54.87 | 56.98 | 59.30 | 61.41 | 63.73 | 65.84 |
| Camarilla | 57.86 | 58.27 | 58.67 | 59.08 | 59.49 | 59.89 | 60.30 |
| Woodie | 52.44 | 54.82 | 56.87 | 59.25 | 61.30 | 63.68 | 65.73 |
| Fibonacci | 54.87 | 56.57 | 57.61 | 59.30 | 61.00 | 62.04 | 63.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.79 | 45.90 | 50.57 | 54.68 | 59.35 | 63.46 | 68.13 |
| Camarilla | 52.84 | 53.64 | 54.45 | 55.25 | 56.06 | 56.86 | 57.67 |
| Woodie | 42.08 | 46.04 | 50.86 | 54.82 | 59.64 | 63.60 | 68.42 |
| Fibonacci | 45.90 | 49.25 | 51.32 | 54.68 | 58.03 | 60.10 | 63.46 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.32 | 40.27 | 46.34 | 54.29 | 60.36 | 68.31 | 74.38 |
| Camarilla | 48.56 | 49.85 | 51.14 | 52.42 | 53.71 | 54.99 | 56.28 |
| Woodie | 31.39 | 39.80 | 45.41 | 53.82 | 59.43 | 67.84 | 73.45 |
| Fibonacci | 40.27 | 45.62 | 48.93 | 54.29 | 59.64 | 62.95 | 68.31 |
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): | 56.80 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 5.88 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 58.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 58.00 | |
| Elder Ray (13): | 0.75 | |
| Super Trend (3,10): | 58.64 | |
| Zig ZAG (10): | 59.80 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 89.44 | |
| TEMA (21): | 59.37 | |
| Williams %R (14): | -19.58 | |
| Chande Momentum Oscillator (20): | 1.03 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 1.15 |
| MA7: | 59.60 | |
| MA20: | 55.54 | |
| MA50: | 53.81 | |
| MA100: | 48.63 | |
| MAexp7: | 59.39 | |
| MAexp20: | 59.11 | |
| MAexp50: | 59.54 | |
| MAexp100: | 59.67 | |
| Price / MA7: | +0.34% | |
| Price / MA20: | +7.67% | |
| Price / MA50: | +11.13% | |
| Price / MA100: | +22.97% | |
| Price / MAexp7: | +0.69% | |
| Price / MAexp20: | +1.17% | |
| Price / MAexp50: | +0.44% | |
| Price / MAexp100: | +0.22% |
Quotes :
2020-07-17 14:27:50
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Real time data
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