Zcash
Double bottom at $30 for ZCash. 2-6 months.Im currently biased towards BTC testing $2k to mid 2k's so ZCash seems likely to double bottom around $30-40 (also the ATH for BTC in 2011). ZCash will then have target prices of $900 (neckline) and $3k if double bottom forms. if $1k is breached quickly, we could see $5k-10k Zcash during next bull run.
Zcash (ZEC) - June 16Hello?
Welcome, traders.
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(ZECUSD 1W Chart)
If the price holds above the 111.66 point, it is expected that the uptrend will continue.
It is expected to rise above the 239.40 point and create a new wave.
However, it must break out of the downtrend line to create a new wave.
(1D chart)
We need to see if we can move above the 172.24 point by moving up along the uptrend line.
If it goes down, we should see support at the 98.50-123.08 zone and see if it moves along the uptrend line.
The 123.08-172.24 section is an important sideways section, and if it finds support in this section, it is expected to turn into an uptrend.
If it rises to the 221.39-248.97 section, it is expected to re-determine the direction of the trend.
If it doesn't deviate from the downtrend line (2), it's not likely to lead to a big upside and will likely go down, so be prepared for it.
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(ZECBTC 1W chart)
It must rise above 0.011389 point to create a new wave.
If it rises from the 0.002208-0.007163 section that forms the boxed section, it is expected to create a bullish wave.
(1D chart)
In order to turn into an uptrend, it needs to rise above the 0.003909 point and find support.
We need to see if we can move up along the uptrend line.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
ZCash (ZEC) $500+"We foresee a day when the world’s financial systems run on top of and interoperate with Zcash. Just as HTTPS is now ubiquitous, we believe Zcash is uniquely positioned to serve as a foundational layer for a global and digital economy. Among other attributes, this will require privacy, scalability, security and confidence in its foundational economics."
Vitalik Buterin, Ethereum co-founder and Zcash community member
“Halo is a huge step forward for Zcash. A zero-knowledge system without a trusted setup will ensure privacy and future scalability that is available to everyone!”
ZEC Will soon see a breakout!Here's a quick look at ZEC 4 hr chart. As we can see, the price is right now in a symmetrical triangle and we should see a breakout very soon! The volume is very low which indicates a bigger move coming. Keep an eye on this!
My 100x Pick - BonFire token
The idea is: Buy the breakout from the triangle shown in the chart and take profits at the levels shown in the chart.
Targets:
1. 187$
2. 208$
3. 231$
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Zcash (ZEC) - May 30Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(ZECUSD 1W Chart)
(1D chart)
You should watch for any movement out of the 141.54-180.46 section.
If it rises above the 180.46 point and finds support, it is expected to lead to an uptrend.
In particular, you should watch to see if it moves along the uptrend line (1).
If it goes down, you should check to see if it finds support at the 128.56-141.54 zone.
If it goes down from 128.56, you can touch the 81.37 3 point, so you need to trade cautiously.
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(ZECBTC 1W chart)
(1D chart)
We'll have to wait and see if there's any movement out of the 3921 Satoshi-4665 Satoshi section.
If it rises above the 4665 Satoshi point and finds support, it is expected to lead to an uptrend.
If it goes down, we need to see if it finds support in the 3673 Satoshi-3921 Satoshi section.
If it falls from the 3673 Satoshi point, Stop Loss is required to preserve profit and loss.
However, it may follow an uptrend line, so you need to trade cautiously.
--------------------------------------
We recommend that you trade with your average unit price.
This is because if the price is below your average unit price whether the price trend is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the funds that are ultimately profit can be regenerated.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
Zcash (zec) formed bullish Shark for upto 235% bullish rallyHi, dear patrons, hope you are well, and welcome to the new update on Zcash (ZEC).
Due to extreme sell off the price action of ZEC has changed its move from bullish Cypher to bullish Shark. This pattern has been formed on the 2-day chart. We also have additional supports of 100 and 200 simple moving averages within the buying zone.
Buying and sell targets for Shark move:
Buy between: $137.02 to $92.37
Sell between: $198.05 to $309.81
Stop loss:
The maximum extent of the potential reversal zone at 1.13 Fib level can be used as stop loss which is $92.37.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 235%, and a high loss possibility up to 33%. If any one has already bought ZEC by following the previous Cypher pattern then you can set you sell targets according to this Shark move.
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.
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.
ZCASH Big Picture Logarithmic GrowthTopological-Geometric Intuition. Structural Growth Trend in place. New All Time Highs feel relatively close. Massively elongated top in store. We are only in wave 1 of 4 by my estimation. Hodl for another ~36-48 months from here and it could get absolutely crazy after the next halving and by 2025 we could be looking at $10k+ per coin as *support*. ZCash will be an absolutely fat cash cow the more hedge funds and venture/investment capital flight in crypto takes place. I bet big banks like JPMorgan and UBS will eventually just say F*** it and in order to survive they embrace the privacy aspect that ZCash will offer on an institutional level to their higher end client portfolios. I could see this do-or-die adoption leading to a sustained pump into 5 figures per coin territory since it has the same fixed cap as BTC. This puts ZCash as a premier privacy coin that will eventually dominate other competitors due to its relatively low supply and semi-decentralization. Dash could follow a similar pattern but somehow I think ZCash is the more appealing because it doesn't require the masternode semi-centralization that Dash relies on and I see ZCash as more adoptable, desirable and permissible to higher liquidity use than Monero, Verge, et al. Plus, at these price levels, ZCash seems like the better value play compared to Monero and Dash.