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Zcash

Fresh Short Signal for ZEC/BTCZcash BITFINEX:ZECBTC couldn't break long term resistance (thick red line) . Key support @0.00611 is broken and it possibly started a new downtrend. Considering it sits right at 200EMA we can see a reaction but it's not for sure. Going below 21 EMA will be a stronger sign of downtrend. Unless it goes above @0.00611 again I'll be shorting it. Significant supports to watch: 0.005682 0.005285 0.004949 0.004686 0.004411 DISCLAIMER : Please note that my trading approach is trend following . I don't try to make predictions. I don't try to catch the bottom or the top. I don't try to be right. I try to be agile and flexible enough to join the right side before it's too late. Please also note that I'm a swing trader using daily charts . Entry and exit signals are not universal in trading. They should be determined according to the trading method used. If your trading approach and my trading approach don't match, please do NOT consider them relevant for your own purposes.
Short
by aydngur
2
ZECUSD is getting bounced from the strongest support lineHey, friends hope you are well and welcome the new update on Zcash (ZEC) coin. By the grace of Allah the most high my previous idea has been executed exactly as per defined targets: Now on the weekly chart the priceline is having very nice bounce from 25 and 100 simple moving averages moreover the 25 SMA also has formed bull cross with 100 simple moving average. The 200 SMA is at $135 that can work as strong resistance as well. On daily chart the priceline is moving in down channel since 1st Aug 2020. Now finally the priceline is closed above exponential moving averages with the time period of 10 and 21. The EMA 10 and 21 also have formed bull cross that can lead the priceline of Zcash to breakout the resistance of this down channel as well. Volume profile of complete channel showing no interest of traders below $51 and very less interest above $80. Therefore a movement upto $80 is confirmed and there will be less chances to break down the support. As we have seen earlier that the priceline of ZEC is getting bounced from the 25 and 100 SMAs on the weekly chart and also closed above the EMAs 10 and 21 on daily chart and likely to break out the resistance of the down channel as well. In the meanwhile, it has also formed the most significant bullish move and that move is the price action has reached the support. And this is the most strongest support since Nov 2019. We can observe that after reaching at this support the priceline 1st rallied 186% then 209%. At this time we can again expect another powerful bullish move again. Conclusion: Even though the priceline is having a very nice bounce from the long term support on weekly chart, however, we should use this support as stop-loss as well. If the next bullish rally will be started from here (as it seems to be) then a move up to 200 SMA can be expected that is at $135 at the time of writing.
BITFINEX:ZECUSDLong
by moon333
Zcash price prediction 2020-2025Among all the coins shooting into the stratosphere only to come crashing down, Zcash has remained surprisingly stable throughout this year. Zcash is solving the problem of anonymity faced by the Bitcoin community and its enhanced privacy feature is winning the hearts. Zcash value increased significantly as there were rumors that it will be enlisted on the Gemini exchange which is based in New York and owned by Cameron and Tyler Winklevoss (they have invested heavily on Zcash). Zcash's partnership with Ethereum helped to introduce ZK-snarks to the larger platform as part of the Byzantium upgrade. It also partnered with JPMorgan to introduce a zero-knowledge security layer (ZSL) into JPMorgan’s Quorum blockchain. These advancements led to Zcash’s appreciation in value, which can cross $200 mark by the end of 2020. (Zcash future 2020) Zcash price prediction 2020 Zcash community might introduce many developments in the year 2020, which includes enhanced privacy system, which might attract many Bitcoin users over to Zcash, raising the demand for the coin. After the recently conducted vote at the Zcash Foundation, it was decided not to close the mining protocol for ASIC devices. Additionally, the governing board of the platform decided to change it later on and disclose it to potential equipment producers, so as to receive support from miners from various sides. Zcash may choose to change for multiple mining algorithms by 2020, this way the coin’s community will not be dependent only on GPU miners, even though they make up a significant part of the network. This advancement might lead to an establishment of a milestone for the Zcash community as the price might plunge high to around $200. Zcash price prediction 2025 In a period of 5 years, Zcash might become globally popular, and its use case might populate as well. By 2020, Zcash could prove to be the “first globally accessible ‘offshore’ investment opportunity” as it has the ability to not only fill the void left by the declining offshore banking sector but even expand this opportunity to everyone — not just wealthy elites. This engagement might alleviate the Zcash price significantly if the asset can capture even a small percentage of the wealth which is currently stored in offshore accounts. As this is going to be a big stepping stone for Zcash to grab the top 10 spots in the ranking system, it might outsmart its fellow-altcoins. By 2025, Zcash price might exponentially increase to around $1242. (Zcash future potential).
BINANCE:ZECUSD
by crypt0geek_info
Long ZEC: Initiating uptrendWeekly: After a bullish divergence there is a first high, and then we see a finger pattern, that downwick which shows a price rejection. After that a low is formed, and price is rising again. The downtrend has clearly been broken and I suspect a move up to a new higher high. The target would then a higher high between 100 and 113. It remains to be seen what the strength is, but I will take some profit at least around the lower area of this target zone. Stochastic RSI is coming from a oversold condition and supports the idea of an upmove. If the trend is just strong and healthy, I will stay in the trade and add to pullbacks. But then a new analysis will be posted. Daily: Afther the bullish divergence, there is a first high here as well, and then a first low that bounced on the EMA. Now it seems the uptrend is in play on this time frame as well. Price will probably be hovering between the value zone (EMA's) and +1 ATR. MACD-Histogramd and EFI are rising, as is Stochastic RSI. The stoploss will be a bit below the latest lows, around 2 ATR levels away. Entry: I will try to enter the trade in parts, in the price zone of 64-65. Stoploss: 51.85 Target 1: 99,98 Target 2: 113 R/R ratio: 1:2,7 / 1:3,7
BITFINEX:ZECUSDLong
by Tornado_Trading
ZEC.12h. Purchasing zone $42.5.In half a year, one of the old crypto coins ZEC made x6 . The only significant news on the horizon of ZEC is the mid-November halving. It seems that ZEC is traded only by those who mine it and then sell it on the market. Perhaps, they will be interested in this idea. Now, we assume a fall of ZEC price to $42.5. And from this level, we can expect a rebound to $75 , in anticipation of halving. _____________________ Each " like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
Short
by P_S_trade
3
ZEC trade setupZEC Halving coming in 47 days. Privacy coins narrative is coming back this quarter with people wanting their security back. 1. I will wait for more candles to see if $ZEC has really broken out of the resistance or whether it falls back into the wedge 2. $ZEC is forming a bullish flag with AB=CD and possibly it could stay above the resistance line for longer and converting the resistance into a support line. 3. Weekly Chart for $ZEC is very bullish - so it looks like its up for a 2x moonshot on weekly chart.
by BearbullsCapital
1
ZEC/BTCWe are sitting at very strong support for Zcash. Reasonable time to start a position if you're not in it already. I see two paths for Zcash. 1. One more leg down if it can't break the diagonal trendline. Best be buying 3800-4000 satoshi range, this is around where Zcash bounced big earlier this year. 2. Breaks the trendline and we get back to summer highs. I'm leaning towards option 2, as the ZEC halving in 2.5 months-ish seems to be the narrative here. Option 1 if the market stabilizes and BTC dominance continues its trip south.
by walkin
Zcash: Possible Buying OpportunityThe price is at the support zone formed by 56.00$ and SMA200. Now it is the key support zone for the buyers. If the price can stay above this support, we should be ready to see a new upward movement toward the previous market high. If the price breaks the support zone, we will see the further downward movement toward 20.00$ support. As for now, we can try to catch a possible upward movement using the current position of the price. The price is above the support zone and we have reasons to open a long position. The trading idea is based on the price reversal from the support zone. The long trade has the following entry and exit points: Buy above 58.50$ Stop below 48.50$ Profit Target at 98.50$ Risk per trade must be no more than 5% of the capital. Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
BITFINEX:ZECUSD
by DLavrov
4
ZCash Needing a Dip to 56.37-57.37 to Cross trendlines to LongI've been having success at Scalping #Zcash and #Litecoin as of late. Their patterns have become quite prediectable. In this chart you can see where a descending overthrow trendline meets the underlying, more powerful uptrendline. If the price action meets at the exact spot needed, a long may be the best opportunity. Granted I may need other confluences such as the RSI and I'll take a look at the MACD. But after some major drops in Crypto overnight, it seems like they're trying to make a comeback. with resistance on Zcash being around the $60 mark, I wouldn't shoot for any higher than that as my Take Profit. Let me know what you think. Here's a previous Zcash win using my double RSI strategy. The (Over sold on the 19, diference of 7 or more between the 16 ans 29 RSI, Crossed The 50 and the 200 MA was used as support. Was the perfect time to pull the trigger and land nearly a 20 pip scalp.
BITFINEX:ZECUSDLong
by BodiesXWix