ZCASH - ZEC/USD - 1H - Technical analysis published on 04/02/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 32.22 USD
My targets
34.05 USD (+2.49%)
37.96 USD (+14.28%)
My analysis
The bullish trend is currently very strong on ZCASH - ZEC/USD. As long as the price remains above the support at 32.22 USD, you could try to benefit from the boom. The first bullish objective is located at 34.05 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 37.96 USD as an objective. Crossing it would then enable buyers to target 48.94 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.9
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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 price is 33.22 USD. On the day, this instrument gained +5.63% and was traded between 31.21 USD and 33.83 USD over the period. The price is currently at +6.44% from its lowest and -1.80% from its highest.31.21
33.83
33.22
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
Technical analysis of this 1H chart of ZCASH - ZEC/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
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 2
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 31.26 | 31.79 | 32.22 | 33.22 | 33.31 | 48.94 | 61.44 |
| Change (%) | -5.90% | -4.30% | -3.01% | - | +0.27% | +47.32% | +84.95% |
| Change | -1.96 | -1.43 | -1.00 | - | +0.09 | +15.72 | +28.22 |
| Level | Intermediate | Intermediate | Minor | - | Major | Minor | Minor |
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 | 28.56 | 29.24 | 30.35 | 31.03 | 32.14 | 32.82 | 33.93 |
| Camarilla | 30.96 | 31.12 | 31.29 | 31.45 | 31.61 | 31.78 | 31.94 |
| Woodie | 28.77 | 29.35 | 30.56 | 31.14 | 32.35 | 32.93 | 34.14 |
| Fibonacci | 29.24 | 29.93 | 30.35 | 31.03 | 31.72 | 32.14 | 32.82 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.27 | 25.18 | 27.66 | 31.57 | 34.05 | 37.96 | 40.44 |
| Camarilla | 28.37 | 28.96 | 29.54 | 30.13 | 30.72 | 31.30 | 31.89 |
| Woodie | 20.55 | 24.82 | 26.94 | 31.21 | 33.33 | 37.60 | 39.72 |
| Fibonacci | 25.18 | 27.62 | 29.13 | 31.57 | 34.01 | 35.52 | 37.96 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -20.02 | -0.76 | 15.14 | 34.40 | 50.30 | 69.56 | 85.46 |
| Camarilla | 21.37 | 24.59 | 27.82 | 31.04 | 34.26 | 37.49 | 40.71 |
| Woodie | -21.70 | -1.60 | 13.46 | 33.56 | 48.62 | 68.72 | 83.78 |
| Fibonacci | -0.76 | 12.67 | 20.97 | 34.40 | 47.83 | 56.13 | 69.56 |
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): | 83.97 | |
| MACD (12,26,9): | 0.4900 | |
| Directional Movement: | 44.95 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 32.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 31.67 | |
| Elder Ray (13): | 1.46 | |
| Super Trend (3,10): | 32.18 | |
| Zig ZAG (10): | 33.37 | |
| VORTEX (21): | 1.2900 | |
| Stochastique (14,3,5): | 86.85 | |
| TEMA (21): | 32.59 | |
| Williams %R (14): | -17.90 | |
| Chande Momentum Oscillator (20): | 2.09 | |
| Repulse (5,40,3): | 1.8800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 6.41 |
| MA7: | 30.89 | |
| MA20: | 30.19 | |
| MA50: | 44.26 | |
| MA100: | 46.22 | |
| MAexp7: | 32.35 | |
| MAexp20: | 31.78 | |
| MAexp50: | 31.23 | |
| MAexp100: | 30.94 | |
| Price / MA7: | +7.54% | |
| Price / MA20: | +10.04% | |
| Price / MA50: | -24.94% | |
| Price / MA100: | -28.13% | |
| Price / MAexp7: | +2.69% | |
| Price / MAexp20: | +4.53% | |
| Price / MAexp50: | +6.37% | |
| Price / MAexp100: | +7.37% |
This member declared not having a position on this financial instrument or a related financial instrument.
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