Zcash formed another bullish Cypher for upto 92% rallyHey dear friends, hope you are well, and welcome to the new update on Zcash (ZEC).
The previous bullish Cypher move of ZEC produced more than 178% profit rally:
Now this time on 2-daty time frame chart, the price action of ZEC has formed another bullish Cypher pattern. There is also 100 simple moving average support below the buying zone.
Buy and sell targets:
Buy between: $213.89 to $170.91
Sell between: $247.73 to $328.97
Stop loss:
The maximum extent of potential reversal zone $170.91 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 92%, and the loss possibility is 21%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Cypher
The DXY Should Have A Strong Opening Week From These LevelsNearing the PCZ of a second Bullish Cypher on the Daily at Monthly Support/Resistance while showing MACD Hidden Bullish Divergence on the Daily, a slightly Oversold RSI, and a Stoch RSI the looks like it will have no choice but to cross upwards very soon.
I think so long as we manage to stay above the 0.886 Fibonacci Retrace, the trend should stay intact but if we break through this Danger level then things could get really bad for the DXY.
We will likely test these zones immediately upon the open of the DXY today. Ideally we will respond positively to these levels throughout the current night and tomorrow morning and the momentum we get will continue on into the coming weeks.
As for Bullish Targets i think it will hit the resistance zone of 94-94.50 from here and if we're lucky it will break that level and go even higher
Is there any love left When the CEO starts acting like a turkey and BTC takes a nap...one trick pony's hit the glue factory.
I'm a holder of HODL and stupidly am still holding. Why? Who knows...Rule #1 is don't lose money...seems that I suck at rule #1 sometimes. Will BTC pump again? Who knows...maybe it has more gas, maybe it goes sideways for awhile as alts and Eth take over, maybe CHIA provides the win needed...who know? I don't. I'm still working on Rule #1
If you're CEO runs for office in Lithuania and doesn't disclose their business interests and then attempts to do both jobs....he deserves to be dropped down the well for placing his shareholders interest in jeopardy. It's his one job...make money for shareholders. Bah...so miffed. June 10 we know a little more I guess. Until then....do you buy the long story? do you hold? Or bail at a loss?
GBPUSD BEARISH CYPHERSHORT trade analysis on GBPUSD .
Graph is looking bearish from upper area to lower support zone . Chart completed Bearish Cypher Pattern and is about to fall . Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
AVAX/USDT -Bearish CYPHER- a possible short term SHORT scenario!Possible bearish Cypher pattern and short term bearish scenario on 4H chart.
I think we have a significant chance, to fall back from Cyphers D-point around 36,66 usdt back into the simmetrical triangle, till around 22,5 (A point).
My stoploss would be at 40,76, where the pattern would be invalidated, and the price probably go further to the 50,5 in my opinion.
If price reach that SHORT TP as expected, there might be an opportunity to open some Long positions as well.
I'm looking forward to seeing, in fact what will happen.
(Overall, I'm bullish on long term.)
Good luck!
All feedbacks are appreciated!
BTC/USD Bullish Cypher + Inverse head and shoulders + .618BTC/USD Bullish Cypher with a potential target of $75K (1.618 extension). Inverse head and shoulders target at ATH. Currently battling the .618 level. Looking for a concise break of the golden pocket and ATH for further continuation upwards and onwards.
GBPJPY, 4hr tf, bearish cypher pattern
As you can see there is also bearish cypher pattern in play which could fuel further downside on this pair.
I think the target will be at 149.50 in order to price make another pattern for retracement.
For now we will just focus on the downside because we don't know where price will stop the drop in the future.
Sell GBPJPY 151.70
Stop loss 152.30
Take profit 149.50 (3.6R)
Use only 1-2% risk
Good luck
AUDUSD, 4hr tf, bearish cypher pattern
We saw a potential bearish cypher pattern on this pair.
This 0.7780-90 area could be potential reversal zone. Also AUDUSD has been holding 0.7810-20 area as resistance very well. Only a close above those area could trigger more buyers into this pair.
For now, as long as price below 0.7810-20 we could expect price to go down.
Sell AUDUSD 0.7785
Stop loss 0.7825
Take profit 0.7705
Use only 1-2% risk
Good luck