Zcash
ZEC: The BUY Opportunity** Not Financial Advise **
** Personal Opinion **
** Good Luck Have Fun Make Money **
ZCASH 2x in 2 months. Let's GO!
ZEC
ZECBTC formed bullish BAT | A good long opportunityZcash is one of my favorite digital asset who gives short term trading opportunities almost daily for the day traders.
Currently being traded below exponential moving averages 10 and 20 with Bitcoin pair on day chart.
On short term 2 hour chart after a successful formation for bullish Shark pattern the ZEC moved up from potential reversal zone and now the price action has formed a bullish BAT pattern and at this time the priceline is floating in potential reversal zone of this BAT pattern.
Let’s dig this pattern deeper to examine how perfect this pattern is formed:
After completing the initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time from this area.
The Indicators:
We can use different indicators to get help enter this trade like the moving average convergence divergence (MACD) is strong bearish and stochastic is in bear cross so we can wait for MACD to turn weak bearish from strong bearish or stochastic to give bull cross then place our buying orders.
The Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Buy between: 0.006296 to 0.006273 sats
Sell between: 0.006350 to 0.006431 sats
Stop Loss:
The potential reversal zone of this pattern can be used as stop loss in case of complete price action closes below this level.
This is short term trading idea not a long term idea, I will be keep posting more trading ideas
SHORT ZECUSDSomeone Smashed the market but it just means it needs to reset its footing one more time. Delay tactics really.
God Speed,
Mr. Lucifer
ZEC Double Bottom Playing Out Well In Daily RSI Quick update from previous post. Chart pattern is coming together nicely. Weekly RSI could potentially reverse off bottom of overbought territory while the Daily RSI makes its next impulse. 100 day MA just crossed 200 day MA with 50 day MA turning vertical way above the two. Small amount of Bullish Divergence printed in last three days, lower price but rising volume. On the weekly we are testing the 50 day MA as support. To me the chart is saying that we are fueling up for our next move UP. However, I could ways be wrong. Will update as trend progresses.
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Not Financial Advice.
ZEC - will we see bearish continuation? ZEC was a clean impulse higher with bearish divergence and decreasing volume in the fifth wave.
The next few days will be interesting. Especially when we lose $57!
The first area of interest will be $46-$50. Holding the $46-$50 area with bullish divergence means that we'll see another cycle high. But a move like that will surprise me.
ZEC Looking To Double Bottom In Oversold Territory On The Daily ZEC pulling back along with the rest of the market. It has golden crossed on the daily timeframe. Stochastic RSI is oversold. The weekly timeframe RSI is Overbought similar to BTC. ZEC currently attempting to find support on the 50 MA. Thinking we'll see the weekly RSI cool off resulting in the daily RSI turning south in the days ahead to make a double bottom formation. Price could retest the upper $40's potentially. I would suspect candle body to bottom around $55 but that is highly speculative. If you know anything about ZEC is this thing prints insane wicks all the time so watch out with your stop loss. At least consider that in your trading strategy this is a real easy one to get stopped out in rather frequently. Its worth noting that on January 14th or 15th ZEC saw what looks to be its highest amount of buy volume ever recorded. I am long term investor with bullish view overall. Think the charts are showing some bearish potential for the days ahead. Say what you will about Zcash but remember this one thing....
It was once listed for $2,200,000 each. Ridiculous as it may be it still is a fact. Calculate the risks you take.
Please Like & Comment ------> Lets Be Friends **even if we disagree**
HAVE A GREAT DAY. LIFE IS A GIFT.
Not Financial Advice.
ZEC LTF BULLFLAG TO 75$ AGAINHi, after all the pain $ZEC has been suffering since 2018, lately we have seen some relief for Bag Holders.
If this LTF bullflag makes it to 75$ and a clean break of the former, investors might see 100$ in the coming weeks
STOP LOSS
STAY SAFE
WE ARE ALL GONNA MAKE IT!
Watch Zcash tomorrow ZECUSDT +7% today.
Disclaimer:
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.
ZEC Daily Chart Pinnacle Moment After wiping away substantial gains along with the rest of the market. ZEC is ready to decide trend direction on the daily. We recently had a Golden Cross which gave us our first impulse up. Following that move we have had about a 20% pullback from candle body high to low from last high. Stochastic RSI just made bullish cross in oversold conditions. However, Price may need to come down and touch the 50 day moving average first. If we can break above the $75 region I see our next major resistance at $100.
I am long term Zcash investor only swing trading 5% of my overall position. I see an opportunity in ZEC similar to the early days of BTC. You may agree but that is my opinion long term. There are only 8 million "shares" in circulation. It has never been through a block halving event meaning the supply has not yet seen a reduction. After the first BTC halving price went from around $10 to $1000. Zcash in my opinion has massive institutional potential.
Not Investment Advice.
LONG ZECBTCAlways a really volatile crypto. Great opportunity to short thew dominance chart out there.
Goid Speed
ZCash (ZECUSDT) short.All description on the chart.
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ZCash Close to PumpHello Traders,
ZCash seems to be close to finish its Elliot Wave 2 in a huge bullish triangle. It would be an excellent coin to invest in the near future.
We suggest to open long when it break out of those triangle or when it goes to the base of the tiangle.
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ZECUSD SHORT Nice short set up with a good RR for those looking to hedge their back end of this monster move. I for one will not be shorting anything. Instead Im going to be looking for pull back opportunities for dip buying as the market has fundamentally shifted.
God Speed,
Mr. Lucifer
ZECUSDT Rising wedge | Bearish Divergence | Low Volume Hello Traders!,
Today’s chart update will be on ZECUSDT – requested by a follower! - where a visible rising wedge is forming with a clear bearish divergence.
Points to consider,
- Trend traveling into apex
- Bearish divergence visible
- Local support at .382 Fibonacci
- RSI putting in consecutive lower highs
- Stochastics in upper regions
- Volume declining
ZECUSDT is clearly travelling into its apex, support and resistances converging, causing price to influx. There is a bearish divergence forming which signals buyers are potentially exhausted.
Local support in confluence with the .382 Fibonacci is a potential trade location; ZEC has a high degree of probability in retracing to this level.
RSI is putting in consecutive lower highs, clearly diverging from price, putting emphasis on the bearish divergence. The stochastics is currently in upper regions, can stay trading here for an extended period of time, however lots of stored momentum to the downside.
Volume is clearly declining; signalling that a break is imminent, confirmation will be visible when volume increases.
Overall, in my opinion, Zcash is close to its apex, a break down to support is probable, which is in confluence with the .382 Fibonacci.
What are your thoughts?
Please leave a like and comment,
And remember,
“A quiet mind is able to hear intuition over fear.”
― Yvan Byeajee
ZCASH in a rising wedge with heavy bearish divergenceZcash has a lot, and i mean A LOT of confluence right now. I feel very weird about shorting an altcoin right now but when the TA gods speak, i listen.
Reasons to short:
- Rising wedge pattern
- Quadruple bearish divergence on the rsi
- Quadruple bearish divergence on macd
- Bearish divergence on the daily
- Bearish divergence on the 1 hour
- Strong weekly resistance
This is not financial advice, please do your own research before opening a position
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THANKS FOR YOUR SUPPORT
Zcash Super Strong | Next Target Mapped + Support LevelsHere we have ZECBTC (Zcash), one of the strongest altcoins within the cryptocurrency markets.
We can look at multiple signals here starting with EMA300 (grey line). This level is working as resistance and stopped ZECBTC from growing... This is clearly marked on the chart.
If EMA300 can be conquered, we will see prices flying up fast. But if instead EMA300 is too strong, we will see ZECBTC retrace and test the lower support (EMA200/EMA50).
The ascending triangle in light blue is another bullish signal on this chart. With such strong consolidation, prices are likely to continue straight up.
If we look at the long-term chart, this is only the beginning and there is room for much more growth... Charts below:
Dec 5, 2019 | Zcash Starts To Go Bullish, Lots Of Potential For Growth
Jan 13 | Zcash Enters Bull Phase, Huge Volume, Gaining Momentum
Thanks a lot for reading.
Namaste.
Why I'm Bullish on BITCOIN but more Bullish on ALTCOINSAltcoins have historically outpaced Bitcoin during Bull markets, while Bitcoin has held it's value better during bear markets.
H2 and H3 represent the previous and next Bitcoin halvening dates. The left Y-axis is the Bitcoin Dominance ratio which is plotted by the yellow line.
As you can see , after the previous halvening took place in 2016, Bitcoin experienced a small correction then continued on to a top of 20k. However, Bitcoin dominance decreased during the same period. This means that Bitcoin price grew, but Altcoin price grew by a much larger % than Bitcoin.
We are seeing the beginnings of a similar trend already since the beginning of the year where most alt coins have posted larger % gain than Bitcoin.
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This is my personal opinion and not financial advice.
