Zcash
Don't miss the great buy opportunity in ZECBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00539). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ZECBTC is in a range bound and the Resumption of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.00560
TP2= @ 0.00580
TP3= @ 0.00610
TP4= @ 0.00640
SL= Break below S2
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Don't miss the great buy opportunity in ZECBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00539). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ZECBTC is in a range bound and the Resumption of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.00560
TP2= @ 0.00580
TP3= @ 0.00610
TP4= @ 0.00640
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 ❤️
Bullish momentum ZEC/BTC.Hello Traders,
ZCASH seems to be breaking out a bullish accumulation pattern after the long term downtrend line breakout. But be careful this asset is facing a liquidity problem.
As we can see in the image above, this asset is facing a liquidity problem, where it is causing many traps for small players.
I'd rather stay out of an asset like that
But the potential for this asset to rise is very large when looking at the long term
ZECUSD has strong support of MAs within channelHi friends hope you are well and welcome to the new update on Zcash. Today the ZEC has finally bounced from the support of an up channel where the price action was moving since after the mid of March 2020. I want have also placed exponential moving averages with the time period of 10 and 21 and since the price action has crossed up these EMAs it is using them as support very well. And this time the price action is also likely to use these EMAs as strong support again. I have also placed the moon phases indicator on this chart. On the upside, there are full moons and on the downside, there are dark moons. The new full moon is appeared at the resistance of the channel that is showing that it will be difficult for the price line to cross up this level and the dark moon is appeared at the support of the channel that is a signal that it would be difficult for the priceline to break down the support of this channel. Therefore there are some neutral signals by these indicators appeared on this daily chart.
Bill William’s 3 Lines Indicator and SMAs:
As the price action has bounced from the support of the channel and also likely to bounce from the exponential moving averages as well. However here I have used the Bill William’s 3 lines that is also called Bill William’s alligator indicator as stop loss. This is a very powerful indicator to identify and catch the bearish and bullish trends. I normally suggest not to not to sell the asset or not to take exit unless the price action breaks down these three lines. This indicator contains three moving averages the smallest one is the 5 the other one is 8 and the biggest moving average is 13. The smallest is called lips the middle moving average is called teeth and the biggest time period moving average is called jaw.
Whenever the smallest moving average moves above all the other moving averages and teeth moves to the center and the jaw moves below all other moving averages then it is called an opened alligator mouth that is a bullish single. And whenever smallest moving average moves down below all the other moving averages and the biggest moving average moves above all moving averages then it is called that the alligator mouth is closed and that is a bearish signal.
At this time the bill Williams lines are moving sideways and the price action is also moving sideways with these three lines, however, there is possibility that sometime these three lines give you the false signal. Because these lines are very fast moving averages with the time period of 5,8 and 13. Therefore I suggest to not use this indicator alone, always use this indicator with the combination of some other indicators. For example here I have used the simple moving averages with the time period of 25,50,100 and 200. And whenever the priceline cross down the bill William lines and the alligator mouth gets closed then we should see that whether the price action has broken down the support of the simple moving averages of 25, 50, 100 and 200. I yes then we can take exit from the trade as stop loss. If any of the moving average is saved and not broken then we should wait for the price fine to take bounce from the moving average or otherwise we should consider that the stop loss is triggered.
On the daily chart it can be easily seen that we have received such false signal from 11th May to 15th May 2020 when the price action broke down all 3 Bill William lines and alligator mouth was closed. But if we watch the simple moving averages with the bigger time period on the other chart then the price action was having very strong support of 200 simple moving average. Therefore price action bounced from this simple moving average and started next bullish move.
Bill William Indicator:
Simple moving averages:
This big bullish Gartley can lead the priceline to achieve the highest price:
now I would like to recall the very big Gartley move that is formed by the price action of Zcash on the monthly chart. I have already shared this pattern in my previous articles as well. At this time ZEC is entered in the potential reversal zone of this pattern and I am expecting that once the price action will cross up the 0.786 Fibonacci projection of A to D leg then it can lead the priceline of Zcash to achieve the highest price ever in the history of ZEC.
Conclusion:
So far the price action of Zcash is giving no clear signals to break out or break down however untill it has strong support of the moving averages it can make more upward moved.
WXYXZ corrective count on ZECOn #ZEC, the WXYXZ corrective count subdivides and measures VERY well and fits all the rules / guidelines.
If this count is true, top is in, or maybe one tiny more upside.
Let's see, but i would be careful with longs at the levels where we are now.
This is probably the clearest elliottwave count i've seen in cryptos for this 2 months uptrend. Hopefully it's correct, we'll see.
$ZEC #Zcash #zecusd #BTCUSD
ZECUSD formed bullish Gartley | Upto 173% bullish move expectedHi friends hope you are good, This time I have brought another bullish trading idea for you with complete stop loss strategy.
Very big bullish Gartley pattern:
This time on month chart Zcash (ZEC) has formed a very big harmonic Gartley pattern and entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Gartley pattern and its Fibonacci sequence should be:
Buy between: $57.06 to $38.79
Sell between: $71.44 to $105.97
Stop Loss:
The potential reversal zone area that is up to $38.79 can be used as stop loss in case of complete candle stick opens and closes below this level.
Possible profit and loss ratio:
As per above targets this trade has the profit possibility of 173% and as per above mentioned stop loss, the loss possibility is 32%
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
Zcash looks very bullish right now!- ZEC looks very bullish to me right now. It found support at the 0.236 fib level (where we also had a strong support provided by the VPVR) from which it rebounded and finally broke the descending trend line. This triggered a very bullish move to the upside today and it probably marks only the start of a much brighter bull run for Zcash.
- The green boxes are areas of support & resistance provided by the VPVR.
- The volume was on a downward trend until today and is just about to change its course.
- Technically ZEC has the perfect setup for a bullish outcome in the near future and fundamentally the things are looking also very good.
- The Heartwood upgrade is on the horizon and will be activated this summer, at the block 903,000 (mid-July). Furthermore, the halving is expected to happen in November this year. Historically, the months before the halving were very bullish for the coins which have the halving integrated into the protocol, like Bitcoin and Litecoin.
My first target would be 0.00585.
Second target - 0.00685.
Third target - 0.00700.
And the final test would be in the 0.0075-0.00800 area.
A trading opportunity to buy in ZECUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (48.84). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ZECUSD is in a range bound and the resumption of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 64.07
TP2= @ 75.60
TP3= @ 115.25
SL= Break below S2
A trading opportunity to buy in ZECUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (48.84). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ZECUSD is in a range bound and the resumption of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 64.07
TP2= @ 75.60
TP3= @ 115.25
SL= Break below S2
Zcash, The Same Pattern Repeats, Easy 30.30% MappedThe same pattern repeats for Zcash (ZECBTC), the same pattern we've been seeing with many other altcoins charts.
We have the now-classic break below support, just to see prices bounce quickly back up!
What happens next?
- Zcash (ZECBTC) can produce a bullish jump.
- The next target is marked on the chart.
ZECBTC Signals
We have bullish indicators.
Prices moving above resistance.
Strong Bitcoin.
EMA100 being challenged right now.
Remember to have a plan/strategy BEFORE you decide to trade.
Make sure to do your own research before risking any money.
This is not financial advice.
Namaste.