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Zcash

ZECUSD a massive bullish setupHey friends, hope you are well, and welcome to the new update on Zcash. Previously I have posted the article when the price action of Zcash formed a big bullish Gartley and so far it has produced more than 122% rally: The long-term up-channel: Now on the weekly chart, the price line of ZEC is moving in an up-channel and reached at the resistance, in the meanwhile, it has broken out the 25, 50, and 100 simple moving averages on the weekly chart as well. A big bullish Shark move: Now the price action of ZEC has formed a bigger than the previous Gartley pattern on the monthly chart. the price action cannot enter in the negative zone therefore it is not possible that the price action may move more down up to 1.13 Fibonacci retracement level. The priceline of ZEC has found firm support at $20, therefore it can be considered as a maximum extent of potential reversal zone area. Big bullish Butterfly: Zcash with Bitcoin pair on 2-week chart has formed a very big bullish Butterfly pattern and entered in the potential reversal zone. This potential reversal zone is very vast and in the Bitcoin market, the ZEC has no significant long-term support as well, however, it is likely to find a trend line support on the weekly chart. Therefore we should be looking for two major signals to buy the ZEC within the potential reversal zone of this butterfly pattern. First, we can wait for the exponential moving average 10 should cross up the EMA 21 on this weekly chart. Secondly, we can use look at the Ichimoku cloud on weekly chart and wait for the conversion line to cross up the baseline. After these two major signals, we can place our buying orders in Zcash with the Bitcoin market. Conclusion: The price action has formed the biggest harmonic pattern in its history. Therefore there are strong chances that in long-term it will achieve the highest price in its history as well. For exact buy and sell targets for this trade, and other harmonic trading signals you can join: www.patreon.com
Long
by moon333
Zcash formed bit Shark for upto 2250% bullish rallyHi friends hope you are well, and welcome to the new update on Zcash. On long-term monthly time period chart, the price action of the ZEC has completed the final leg of the bullish Shark pattern and entered in potential reversal zone.The price action cannot enter in the negative zone therefore it is not possible that the price action may move more down upto 1.13 Fibonaicc retracemtn level. The priceline of ZEC has found a firm support at $20, therefore it can be considered as a maximum extent of potential reversal zone area. Possible profit and loss ratio: This trade has a huge profit possibility of 2250%, and the loss possibility is 74%. 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. For exact buy and sell targets for this trade, and other harmonic trading signals you can join: www.patreon.com
BITFINEX:ZECUSDLong
by moon333
3
Zcash: Is volume telling us a story?On OBV: "Granville theorized that volume precedes price. OBV rises when volume on up days outpaces volume on down days. OBV falls when volume on down days is stronger. A rising OBV reflects positive volume pressure that can lead to higher prices. Conversely, falling OBV reflects negative volume pressure that can foreshadow lower prices. Granville noted in his research that OBV would often move before price. Expect prices to move higher if OBV is rising while prices are either flat or moving down. Expect prices to move lower if OBV is falling while prices are either flat or moving up." On cumulative Delta Volume : " In order to understand what this indicator does, first understand what a “delta” is. Simply put, a delta is the difference between buy and sell volumes within a period/candle. The delta can be positive (buy volume is greater than sell volume), negative (buy volume is less than sell volume), or zero (buy volume is equal to sell volume).The Cumulative Volume Delta (CVD) indicator is based on these deltas. It starts from a user specified origin bar and successively cumulate the deltas. If the CVD line is negative sloping that means more sellers are in action as the demand of the asset wanes. This is usually a sell signal and a trader should search for selling signals. Conversely, if the CVD line is positive sloping, it means that there is more demand for the asset." Concerning Volume at Price (or market profile): "If the concentration of volume is at the bottom, then this is more likely to be buying volume rather than selling volume. Conversely, if the concentration of volume took place at the top of the bar rather than the bottom, then this is more likely to be selling volume. Volume at price reveals the the concentration of buying and selling at various price levels, which in turn gives us an alternative perspective, not only in terms of momentum, but also in terms of support and resistance. What can we deduce from this analysis? First we can see immediately which of these areas are likely to be significant in the future in terms of resistance and support. "The preparation of an important move in the market takes considerable time. A large operator or investor acting singly cannot often, in a single day's session, buy 25,000 to 100,000 shares of stock without pushing the price up too much. Instead, he takes days, weeks or month in which to accumulate his line" - Richard Wyckoff The current Zcash narrative is "the coin that never pumps". But with a very large POC/Value area at historically low price levels, OBV / CVD / volume on the rise-- I believe some large players have been accumulating very slowly and will soon start the mark up phase. Can it test lows again? Sure. If you want to be safe, wait for the breakout above massive VAP platform it's made ($112 would be considered a breakout). I think this coin has a potential to 5x at a minimum. 1 zec=7 btc
KRAKEN:ZECUSDLong
by westiron54
4
ZECUSDT - Symmetrical triangle Analysis 🔎: ZENUSDT is consolidating in a symmetrical triangle pattern. Breakout is imminent. Bullish ⬆️: breakout above the symmetrical triangle's inclined resistance. Bearish ⬇️: breakdown below the symmetrical triangle's inclined support. Possible breakout price actions are indicated by the arrows on the chart. Targets 🎯: Bullish ⬆️ - horizontal resistance levels (R1, R2). Bearish ⬇️ - horizontal support levels (S1, S2), fibonacci extension levels.
by Chibuike_Odoh
Z cash, possible downtrend incoming.I have noticed a correlation between the movement of price and the ichimoku cloud with Zcash imparticular, the hourly shows a clear downtrend in the near future. I notify you of bullish moves in the market so I think its only fairthat I notify you of bear markets, I don't think this is a permanent bear trend, but it may be a critical stop point you may want to consider if you are not wanting to sit through a dip Buy low, sell high is the game friends.
by EchoPhoenix
tip: who care about privacy!! analysis of Zcash ...( ZECUSDT)What Is a 🌟Zcash 🌟? Most blockchain projects in the world have similar ideas and applications, but there are a few that stand out with a number of unique features, one of which is Zcash. Zcash is a decentralized peer-to-peer payment network and a cryptocurrency with the acronym ZEC. This cryptocurrency is a fork from Bitcoin and its number of units, like Bitcoin, is limited to 21 million units. In fact, bitcoin codes have been used to make Zcash. Zcash, like Bitcoin, has its own blockchain and is based on mining. A feature that sets it apart from Bitcoin and many other currencies is the ability to conduct private transactions. Unlike bitcoin, which has transparent transactions, smart users can enjoy complete privacy in transactions. In Bitcoin, you can track a transaction and view assets at an address, but according to the Zcash development team, it is possible to hide everything on the Zcash network. F or people who do not want their transaction details to be disclosed, Zcash can be a good option. ----------------------------------------------------------------------------------------------------------------------------- ❇️Quick Technical analysis Zcash registered positive gains across a turbulent broader market.As you can see in the chart, the cup and handle pattern is formed, which promises growth in the not too distant future and completes the movement of the pattern. in the 4-hour chart showed that ZEC has been on an uptrend since the beginning of the month, posting solid gains during this period. In fact, ZEC’s weekly gains of over 67% were the highest among most cryptocurrencies. For now, the market’s bulls have a strong grip over the crypto’s price, with the latter showing no signs of slowing down in the near term. The Relative Strength Index was moving north towards the overbought zone, a sign that the price could surge even higher before an eventual correction. The Parabolic SAR’s dotted markers were below the candlesticks, confirming the bullish nature of the price. ------------------------------------------------------------------------------------------------------------------------------ 👉This analysis is my personal opinion and you are responsible for your own trades or invests. ❤️with Best Regards and successful trades.
Long
by PRO_SMART_Trader