Zcash
ZECUSDT (ZCASH) - UPTREND CONTINUATION ANALYSIS 🔎
- ZECUSDT hit swing high.
- The market then retraced for a retest of the flip horizontal support (S1) and fibonacci retracement levels.
- A bullish pin bar (hammer) was formed at the retest area.
- Price action is printing a pennant chart pattern.
- A pennant chart pattern is a trend continuation pattern. In this case, a bullish continuation pattern.
- There's an uptrend continuation possibility.
BUY ENTRY ⬆️
- Breakout above the pennant's inclined resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the pennant's inclined support.
💡 Don't miss the great buy opportunity in Zcash/BitcoinTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00275). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Zcash/Bitcoin ZECBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 0.00430
TP2= @ 0.00490
TP3= @ 0.00560
TP4= @ 0.00660
TP5= @ 0.00750
TP6= @ 0.00870
SL= Break below S2
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💡 Don't miss the great buy opportunity in Zcash/BitcoinTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00275). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Zcash/Bitcoin ZECBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 0.00430
TP2= @ 0.00490
TP3= @ 0.00560
TP4= @ 0.00660
TP5= @ 0.00750
TP6= @ 0.00870
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ZECUSD / New HighZCash hits a New High today ,but ran into resistance zone.
Bullish tagert is still at least $191 (1.618 Trend-Based Fib Extension).
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature,
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Why $FIRO is going to surprise $100+++ targetFor all those that have been around crypto for a while 5y+, you´re no stranger to Firo previously called ZCOIN (XZC ticker), Firo was always one of the vanguard coins when it came to privacy going head to head with ZCash and Monero, along the way there were many hiccups, which brought us to today. In January they upgraded their protocol to Lelantus.
What's special about Lelantus
Privacy by default like Monero, Zcash is optional
No Trusted Setup - ZCash has a trusted setup
Strong Cryptographic primitives - ZCash is still considered experimental
Anonimity set 2^16 vs Monero 11
All this makes Firo the best privacy coin in the market
Previous ATH: 142$
Circulating Supply: 11,535,491
Current Price: 6.2$ one of the few coins that have mooned ironically its one of the best
FIRO MCAP vs Zcash & Monero & Horizen
Monero: 3.587B
ZCash: 1.626B
Horizen: 529M
Firo: 71M
Target: 200$
ZCASH ULTIMATE BUOYANCY PLAY"zcash is a water based asset not a land based one, land based assets must resist the laws of gravity in order to increase in price, however water based assets rise up thanks to having the laws of buoyancy on their side, to get ahead in life collect water based assets"
when zcash fell to the bottom of the sea many assumed that it would be stuck there forever. but when the inflation rate was reduced what we found was that zcash is in fact a buoyant asset after all. from there we simply calculated the surface level ($3000), this is our price target for now because buoyant assets can only rise up to the surface until they are turned into rockets, afterwhich they can go to the moon ($10,000)
many traders overlook buoyant assets because the industry is very focused on rockets, however buoyant assets that are deeply submerged (such as zcash) are a great investment as they will inevitably rise to the surface. at that point they may build rocket features to go to the moon but by that time you have already made plenty of money. once zcash has used buoyancy law to rise to $3000 i will issue a new chart which shows how it will go space exploring. it will involve spacex and elon musk
regarding the popular children's animated film "finding nemo" what we also found is that zcash is a bit of a nemo - ie, it was broken and could't swim properly. zcash's dad (zooko) lost his little nemo in this deep blue sea. but thankfully he helped zcash to learn to swim properly by fixing the inflation rate and teaching it the laws of buoyancy. it is only a matter of time now that zcash (nemo) is reunited with his father zooko at the surface of the sea
oh and yes this is no joke the trade of 2021, thank you for your time
Z-Cash - It is TimeZ-Cash is breaking out. The hidden monster is on the rise and soon people will look back at this token and wonder how they missed it the whole time: Digital gold. The real thing, not one full of history and public scrutiny. Privacy isn't just for people. It's for corporations and nation-states and it's a prized commodity - if you are someone with actual power in the world. The rest of us are made to think it somehow suspicious. Why? That's the programming talking and it's working.
Anyways, see the chart, Z-cash is about to shock everyone as it makes its way to $400, then $1k+. Those of us who see this coming will be glad we got some Z
ZEC BREAKOU!!!BINANCE:ZECUSDT Hi friends ,Today we had an all time high breakout for zcash/usdt, According to my analysis if the previous resistance turns into support after consolidation we can have an ideal entry point for a position with a significant return.( long term targets:185,250,300,...)
If you find this idea helpful please consider leaving a comment of your trade and following my account for more, THANKS.
The Overview of the ZCASH ZECUSD Megabull to $2,500-2,800Sup everyone!
There is a possibility that ZCASH or ZECUSD reaches an ATH (All-Time-High) in this 2021 Megabull at $2,500-2,800 which would be a whopping 10,000% from the the $21 bottom as seen in my green projection. Of course higher is also possible but if needed I will update this chart near October 2021.
Technical analysis wise we do see ultra TWO bullish long-term bull reversal patterns via a (1) double bottom at $25-19 and a (2) rounding bottom (in blue). This sums it up nicely, the bear market is finally over and the bull market is on!
Buy/Support:
:white_check_mark: $25-19 - HIT / Double bottom
:arrow_forward: $56-50
:white_check_mark: $93-89 - Late risky buy - HIT
Sell/Resistance:
$112-123
$210-225
$405-423
$765-800 - Previous ATH
:arrow_forward: $1,500-1,600 - Rounding bottom textbook target - Sell 10-15%
:arrow_forward: $2,500-2,800 - Megabull Target - Sell 100%* (subject to revision/readjustment if it warrants it as we near October - December 2021)
Hit the like button and the follow button if you like this idea and check our profile for other recent setups for ADA, LTC and ETH and many more!
Best of luck and happy trading!
Carl M.