ZCASH - ZEC/USD - Daily - Technical analysis published on 10/12/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 65.86 USD
My targets
83.40 USD (+11.62%)
97.72 USD (+30.78%)
My analysis
ZCASH - ZEC/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 65.86 USD. The next resistance located at 83.40 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 97.72 USD. After this resistance, buyers could then target 113.91 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6
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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 74.72 USD. The price has increased by +2.74% since the last closing and was traded between 70.33 USD and 75.74 USD over the period. The price is currently at +6.24% from its lowest and -1.35% from its highest.70.33
75.74
74.72
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 Daily chart of ZCASH - ZEC/USD indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
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 | 55.18 | 65.86 | 73.61 | 74.72 | 83.40 | 97.72 | 113.91 |
| Change (%) | -26.15% | -11.86% | -1.49% | - | +11.62% | +30.78% | +52.45% |
| Change | -19.54 | -8.86 | -1.11 | - | +8.68 | +23.00 | +39.19 |
| Level | Intermediate | Major | Minor | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 61.36 | 63.95 | 68.34 | 70.93 | 75.32 | 77.91 | 82.30 |
| Camarilla | 70.81 | 71.45 | 72.09 | 72.73 | 73.37 | 74.01 | 74.65 |
| Woodie | 62.26 | 64.40 | 69.24 | 71.38 | 76.22 | 78.36 | 83.20 |
| Fibonacci | 63.95 | 66.62 | 68.26 | 70.93 | 73.60 | 75.24 | 77.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 52.69 | 55.91 | 61.24 | 64.46 | 69.79 | 73.01 | 78.34 |
| Camarilla | 64.23 | 65.01 | 65.80 | 66.58 | 67.36 | 68.15 | 68.93 |
| Woodie | 53.76 | 56.44 | 62.31 | 64.99 | 70.86 | 73.54 | 79.41 |
| Fibonacci | 55.91 | 59.17 | 61.19 | 64.46 | 67.72 | 69.74 | 73.01 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.58 | 30.56 | 45.93 | 65.91 | 81.28 | 101.26 | 116.63 |
| Camarilla | 51.57 | 54.81 | 58.05 | 61.29 | 64.53 | 67.77 | 71.01 |
| Woodie | 8.27 | 29.41 | 43.62 | 64.76 | 78.97 | 100.11 | 114.32 |
| Fibonacci | 30.56 | 44.07 | 52.41 | 65.91 | 79.42 | 87.76 | 101.26 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 67.39 | |
| MACD (12,26,9): | 2.0900 | |
| Directional Movement: | 15.73 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 65.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 59.41 | |
| Elder Ray (13): | 7.69 | |
| Super Trend (3,10): | 57.16 | |
| Zig ZAG (10): | 74.81 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 92.71 | |
| TEMA (21): | 69.50 | |
| Williams %R (14): | -4.73 | |
| Chande Momentum Oscillator (20): | 13.52 | |
| Repulse (5,40,3): | 15.4700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 37.25 |
| MA7: | 66.41 | |
| MA20: | 61.56 | |
| MA50: | 63.71 | |
| MA100: | 68.34 | |
| MAexp7: | 67.98 | |
| MAexp20: | 63.93 | |
| MAexp50: | 64.37 | |
| MAexp100: | 64.17 | |
| Price / MA7: | +12.51% | |
| Price / MA20: | +21.38% | |
| Price / MA50: | +17.28% | |
| Price / MA100: | +9.34% | |
| Price / MAexp7: | +9.91% | |
| Price / MAexp20: | +16.88% | |
| Price / MAexp50: | +16.08% | |
| Price / MAexp100: | +16.44% |
Quotes :
2020-10-12 14:18:44
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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