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Zcash

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.
KRAKEN:ZECUSD
by MitchMilli
2
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.
by CryptoTrend-Alerts
1
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.
KRAKEN:ZECUSD
by MitchMilli
2
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
Short
by AzizKhanZamani
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 HEY EVERYONE! if you liked the idea please give me a like :) if you want to see more ideas, chuck me a follow, a lot more ideas to come :) THANKS FOR YOUR SUPPORT
Short
by Eldtrades
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.
Long
by MasterAnanda
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. Please leave a thumbs up if you liked this analysis. Follow me if you would like to see more. This is my personal opinion and not financial advice.
BITSTAMP:BTCUSD
by ReiX
ZECBTC Is Forming Bullish BAT Pattern | A Good Long OpportunityWorld's 25th ranked cryptocurrency Zcash (ZEC) with Bitcoin pair is forming bullish BAT pattern and expected to enter in bullish potential reversal zone soon. Lets have a look on the ZEC price action's move: After 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 leg's Fibonacci projection (here at B to C leg I have ignored some extra spike coz all other legs are driven perfectly as required for BAT) and final (C to D) leg is suppose to be retraced between 0.786 to 0.886 Fibonacci for a perfect bullish BAT and then the price action will be entered in potential reversal zone of this bullish BAT pattern, then we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move. As per Fibonacci sequence method we can set our targets as below for mid term trade: Buy between: 0.00699352 to 0.00692279 sats Sell between: 0.00716236 to 0.00741433 sats Regards, Atif Akbar (moon333) The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish BAT pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
Long
by moon333
Hitting 70$ but beware of the PULLBACK.Yes we reached our target and so far so good the 2 previous analysis i made happen. For today as were expecting to hit 70 and i am sure we will be hitting if not today by tomorrow. We will be having a pullback at possibly 65-68$ range which will be another buy time for us before it blows to 100. As you notice the chart going to 70$ its almost going beyond the parallel lines i made as a waypoint, with that said it i think it will have to pullback for the bulls to regain strength also to continue the run. Let me know what you think on the comments!
POLONIEX:ZECUSD
by markacegalvez
1