ZCASH - ZEC/USD - 1H - Technical analysis published on 09/23/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 122.19 USD
My targets
114.35 USD (-3.89%)
108.69 USD (-8.65%)
My analysis
There is a bearish trend on ZCASH - ZEC/USD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 122.19 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 114.35 USD. Then the price could move towards 108.69 USD. Then 85.92 USD by extension. Be careful, a return to above the resistance 122.19 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.9
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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 118.98 USD. On the day, this instrument lost -1.86% and was traded between 118.42 USD and 122.44 USD over the period. The price is currently at +0.47% from its lowest and -2.83% from its highest.118.42
122.44
118.98
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 bearish trend. The signals given by moving averages are at 78.57% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 108.69 | 114.35 | 118.47 | 118.98 | 122.19 | 132.78 | 141.44 |
| Change (%) | -8.65% | -3.89% | -0.43% | - | +2.70% | +11.60% | +18.88% |
| Change | -10.29 | -4.63 | -0.51 | - | +3.21 | +13.80 | +22.46 |
| Level | Intermediate | Major | Intermediate | - | Minor | Intermediate | Intermediate |
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 | 103.31 | 107.05 | 114.14 | 117.88 | 124.97 | 128.71 | 135.80 |
| Camarilla | 118.25 | 119.25 | 120.24 | 121.23 | 122.22 | 123.22 | 124.21 |
| Woodie | 104.99 | 107.89 | 115.82 | 118.72 | 126.65 | 129.55 | 137.48 |
| Fibonacci | 107.05 | 111.19 | 113.74 | 117.88 | 122.02 | 124.57 | 128.71 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 99.60 | 110.39 | 124.61 | 135.40 | 149.62 | 160.41 | 174.63 |
| Camarilla | 131.94 | 134.24 | 136.53 | 138.82 | 141.11 | 143.41 | 145.70 |
| Woodie | 101.31 | 111.25 | 126.32 | 136.26 | 151.33 | 161.27 | 176.34 |
| Fibonacci | 110.39 | 119.95 | 125.85 | 135.40 | 144.96 | 150.86 | 160.41 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 58.51 | 86.40 | 115.32 | 143.21 | 172.13 | 200.02 | 228.94 |
| Camarilla | 128.62 | 133.83 | 139.03 | 144.24 | 149.45 | 154.66 | 159.86 |
| Woodie | 59.03 | 86.66 | 115.84 | 143.47 | 172.65 | 200.28 | 229.46 |
| Fibonacci | 86.40 | 108.10 | 121.51 | 143.21 | 164.91 | 178.32 | 200.02 |
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): | 43.81 | |
| MACD (12,26,9): | 0.5200 | |
| Directional Movement: | -10.66 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 121.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 122.22 | |
| Elder Ray (13): | -1.47 | |
| Super Trend (3,10): | 117.86 | |
| Zig ZAG (10): | 118.59 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 19.39 | |
| TEMA (21): | 120.94 | |
| Williams %R (14): | -95.77 | |
| Chande Momentum Oscillator (20): | -1.51 | |
| Repulse (5,40,3): | -1.5000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 0.14 |
| MA7: | 125.19 | |
| MA20: | 135.81 | |
| MA50: | 141.33 | |
| MA100: | 125.84 | |
| MAexp7: | 120.18 | |
| MAexp20: | 120.10 | |
| MAexp50: | 119.63 | |
| MAexp100: | 121.90 | |
| Price / MA7: | -4.96% | |
| Price / MA20: | -12.39% | |
| Price / MA50: | -15.81% | |
| Price / MA100: | -5.45% | |
| Price / MAexp7: | -1.00% | |
| Price / MAexp20: | -0.93% | |
| Price / MAexp50: | -0.54% | |
| Price / MAexp100: | -2.40% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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