Londinia Opportunities Analyses - 01/24/2022 (GMT) ZCASH - ZEC/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | ZECUSDT |
| ISIN: |
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
83%
11%
My opinion
Bearish under 99.63 USDT
My targets
70.03 USDT (-17.89%)
52.08 USDT (-38.94%)
My analysis
The bearish trend is currently very strong for ZCASH - ZEC/USDT. As long as the price remains below the resistance at 99.63 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 70.03 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 52.08 USDT as an objective. Crossing it would then enable sellers to target 25.43 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8.6
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The ZCASH - ZEC/USDT price is 85.29 USDT. The price is lower by -12.53% since the last closing and was between 85.18 USDT and 97.90 USDT. This implies that the price is at +0.13% from its lowest and at -12.88% from its highest.85.18
97.90
85.29
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ZCASH - ZEC/USDT in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
The probability of a further decline is high given the direction of the technical indicators.
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 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 25.43 | 52.08 | 85.29 | 99.63 | 108.03 | 114.74 |
| Change (%) | -70.18% | -38.94% | - | +16.81% | +26.66% | +34.53% |
| Change | -59.86 | -33.21 | - | +14.34 | +22.74 | +29.45 |
| Level | Minor | 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 | 86.48 | 88.92 | 93.21 | 95.65 | 99.94 | 102.38 | 106.67 |
| Camarilla | 95.66 | 96.28 | 96.89 | 97.51 | 98.13 | 98.74 | 99.36 |
| Woodie | 87.42 | 89.38 | 94.15 | 96.11 | 100.88 | 102.84 | 107.61 |
| Fibonacci | 88.92 | 91.49 | 93.08 | 95.65 | 98.22 | 99.81 | 102.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.65 | 45.56 | 70.03 | 107.94 | 132.41 | 170.32 | 194.79 |
| Camarilla | 77.36 | 83.07 | 88.79 | 94.51 | 100.23 | 105.95 | 111.67 |
| Woodie | 0.94 | 42.20 | 63.32 | 104.58 | 125.70 | 166.96 | 188.08 |
| Fibonacci | 45.56 | 69.39 | 84.11 | 107.94 | 131.77 | 146.49 | 170.32 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 84.90 | 113.16 | 129.83 | 158.09 | 174.76 | 203.02 | 219.69 |
| Camarilla | 134.13 | 138.25 | 142.37 | 146.49 | 150.61 | 154.73 | 158.85 |
| Woodie | 79.10 | 110.26 | 124.03 | 155.19 | 168.96 | 200.12 | 213.89 |
| Fibonacci | 113.16 | 130.33 | 140.93 | 158.09 | 175.26 | 185.86 | 203.02 |
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): | 30.06 | |
| MACD (12,26,9): | -1.5200 | |
| Directional Movement: | -24.21 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 90.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 96.27 | |
| Elder Ray (13): | -4.57 | |
| Super Trend (3,10): | 93.40 | |
| Zig ZAG (10): | 85.66 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 3.44 | |
| TEMA (21): | 89.98 | |
| Williams %R (14): | -99.53 | |
| Chande Momentum Oscillator (20): | -6.79 | |
| Repulse (5,40,3): | -8.6800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 6.00 |
| MA7: | 108.05 | |
| MA20: | 129.77 | |
| MA50: | 147.72 | |
| MA100: | 167.07 | |
| MAexp7: | 89.90 | |
| MAexp20: | 92.23 | |
| MAexp50: | 95.53 | |
| MAexp100: | 102.99 | |
| Price / MA7: | -21.06% | |
| Price / MA20: | -34.28% | |
| Price / MA50: | -42.26% | |
| Price / MA100: | -48.95% | |
| Price / MAexp7: | -5.13% | |
| Price / MAexp20: | -7.52% | |
| Price / MAexp50: | -10.72% | |
| Price / MAexp100: | -17.19% |
Quotes :
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Real time data
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