ZCASH - ZEC/USD - 1H - Technical analysis published on 08/05/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 88.74 USD
My targets
91.47 USD (+2.25%)
94.43 USD (+5.56%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ZCASH - ZEC/USD as long as the price remains well above 88.74 USD. The buyers” bullish objective is set at 91.47 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 94.43 USD. If there is any crossing, the next objective would be the resistance located at 112.71 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.8
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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
The ZCASH - ZEC/USD rating is 89.46 USD. The price has increased by +5.75% since the last closing and was traded between 84.55 USD and 89.54 USD over the period. The price is currently at +5.81% from its lowest and -0.09% from its highest.84.55
89.54
89.46
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
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 ZCASH - ZEC/USD indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
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 2
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 83.09 | 85.91 | 88.74 | 89.46 | 94.43 | 112.71 | 366.09 |
| Change (%) | -7.12% | -3.97% | -0.80% | - | +5.56% | +25.99% | +309.22% |
| Change | -6.37 | -3.55 | -0.72 | - | +4.97 | +23.25 | +276.63 |
| 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 | 76.53 | 78.36 | 81.45 | 83.28 | 86.37 | 88.20 | 91.29 |
| Camarilla | 83.20 | 83.65 | 84.10 | 84.55 | 85.00 | 85.45 | 85.90 |
| Woodie | 77.17 | 78.68 | 82.09 | 83.60 | 87.01 | 88.52 | 91.93 |
| Fibonacci | 78.36 | 80.24 | 81.40 | 83.28 | 85.16 | 86.32 | 88.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.04 | 52.56 | 71.40 | 82.92 | 101.76 | 113.28 | 132.12 |
| Camarilla | 81.90 | 84.68 | 87.47 | 90.25 | 93.03 | 95.82 | 98.60 |
| Woodie | 44.71 | 54.39 | 75.07 | 84.75 | 105.43 | 115.11 | 135.79 |
| Fibonacci | 52.56 | 64.15 | 71.32 | 82.92 | 94.51 | 101.68 | 113.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.58 | 41.23 | 57.70 | 66.35 | 82.82 | 91.47 | 107.94 |
| Camarilla | 67.26 | 69.57 | 71.87 | 74.17 | 76.47 | 78.78 | 81.08 |
| Woodie | 36.49 | 43.19 | 61.61 | 68.31 | 86.73 | 93.43 | 111.85 |
| Fibonacci | 41.23 | 50.83 | 56.75 | 66.35 | 75.95 | 81.87 | 91.47 |
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): | 68.81 | |
| MACD (12,26,9): | 1.3100 | |
| Directional Movement: | 31.27 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 87.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 84.19 | |
| Elder Ray (13): | 2.07 | |
| Super Trend (3,10): | 85.62 | |
| Zig ZAG (10): | 88.90 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 85.00 | |
| TEMA (21): | 88.68 | |
| Williams %R (14): | -9.90 | |
| Chande Momentum Oscillator (20): | 3.15 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1700 | |
| Courbe Coppock: | 8.07 |
| MA7: | 82.11 | |
| MA20: | 70.37 | |
| MA50: | 60.94 | |
| MA100: | 54.33 | |
| MAexp7: | 87.97 | |
| MAexp20: | 86.27 | |
| MAexp50: | 84.79 | |
| MAexp100: | 82.97 | |
| Price / MA7: | +8.95% | |
| Price / MA20: | +27.13% | |
| Price / MA50: | +46.80% | |
| Price / MA100: | +64.66% | |
| Price / MAexp7: | +1.69% | |
| Price / MAexp20: | +3.70% | |
| Price / MAexp50: | +5.51% | |
| Price / MAexp100: | +7.82% |
Quotes :
2020-08-05 12:37:22
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Real time data
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