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ZECUSD: Bullish Trend and How to Manage Profitable TradesThe price bounced from the support zone between the neckline of the Head & Shoulders chart pattern and SMA100. After that, we got a breakout above the right shoulder. What does it mean? It means that the trend reversal chart pattern is not relevant anymore. The breakout above the right shoulder gave us a strong bullish signal. I wrote in the previous post that it would be possible to buy based on the reversal from the support zone. If you opened long positions, now it is time to think about where to fix the profit. The main target for buyers stays 65.00 resistance. It is the local market high, and buyers will try to reach it. At the same time, RSI is in the overbought zone. MACD histogram is going to reverse. Probably, we will see a pullback. It will be absolutely normal for the bullish structure. Just the price should stay above SMA100. If you have such an opportunity to fix the part of the profit, maybe it is a good idea right now. The rest part will be left for 65.00 target. It is possible to use a trailing stop as well. But what is very important if you have your personal plan, you must follow it as it is. 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:ZECUSDLong
by DLavrov
Zcash / ZecUSD heading bullish to 100$Hello guys this is just my insight based on my observation on the charts and market. Since we broken the 56$ or above the right shoulder. We are heading to 60$. before we get to the peak we need to hold the 56$ mark. To prove this theory we cant do down 56$ or we will break the pattern. We still have the day to go up and down but since its broken the ice at 56$ i think it will hold if not it can recover. We are heading at the right direction. If this theory proves to hold the said amount after chinese newyear will have a great boost in the market. *this is just a theory and not proven. Your insights are well accepted comment below to share ideas.
POLONIEX:ZECUSD
by markacegalvez
ZECUSD: Trend Reversal Chart Pattern and Bullish SignalIf we look at the 4H chart, we will see the Head&Shoulders chart pattern. It belongs to a reversal group of patterns. We need to get a breakout below the neckline, just in order to confirm this pattern. The price tried to break this signal line, but now we have a reversal from this line. It means that a strong bearish signal probably won't be developed into a further downward movement. If so, the false bearish signal becomes a new bullish signal which will be able to confirm the continuation of the uptrend. For this, the price will have to move above the right shoulder. If we talk about a possible buy opportunity, the price reversal from the signal line of the chart pattern can be used to open long trades. Stop orders for such trades must be placed below the local swing low. The profit targets should be at the right shoulder and 65.00 resistance. If the price drops below SMA100, the trend reversal chart pattern will be workable again, and we should be ready to see the downward movement to SMA200. 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
ZEC Head & Shoulder Pattern ZEC has given investors an exciting start of 2020 with over 100% returns! I believe this coin has a very bright future mid to long term and beyond. Keep in mind ZEC originally hit the market at $2.3 million. It is one of the coins to completely retrace in price and had a beautiful double bottom last December. However, Im seeing a head and shoulder pattern play out on multiple timeframes at the moment. After explosive price action could ZEC be due for some downside price momentum in the coming days? We are still forming higher lows but at the least I'm expecting a move back to the neckline at which point I will be waiting to see how price reacts. A break below the neckline (around $49) would be bearish for the short term. The measured move from the neckline to the top of the head is about 30%. A 30% drop from neckline area would take us to the low $30 range which is near our long term descending resistance line to possibly be tested now as support. (price rejected off of it last year around halloween and again in mid December). Im extremely bullish on crypto but I have been around long enough to realize the market moves regardless of my opinion. Any insight would be greatly appreciated as I am still a student and am always eager to learn and collab with like minded individuals. Thanks for taking the time to read my post! Wish you all the absolute best.
KRAKEN:ZECUSD
by MitchMilli
Zcash Enters Bull Phase, Huge Volume, Gaining MomentumZcash (ZECBTC) just broke the last high and is now trading above EMA100... Momentum is starting to build up. Looking at the volume indicator, the green bars are becoming bigger, strong volume to break above EMA100 and the black trendline, we also have a very strong RSI. Zcash can easily produce an impulse move to the upside next, based on the signals mentioned above. You can find all the main targets and the most important resistance levels marked on the chart. Make sure to leave a comment if you have any questions, it is my pleasure to answer. Namaste.
by MasterAnanda
3
ZCASH forming double bottom! Prepare for launch! We started monitoring this asset as soon as it entered the horizontal channel and this was accompanied by the increased volume. The price formation is now looking like a double bottom and the following evidence supporting that: 1) We broke the 50 daily MA line 2) A steady increase in the volume after the second bottom and the current bar is above the 20 MA 3) A steady increase in RSI while the price was forming the double bottom pattern To make an accurate entry we are waiting for the following: 1) Break the resistance of the most recent pick at $32.92 with good volume 2) Re-check this level as a support. Preliminary setup: Entry: 33.00 Take Profit: 39.95 Stop Loss: 30.23 Previous Post +20.97% The analysis is done by Wunderbit Trading For Weekly market reviews join our YouTube Channel: YouTube
Long
by Deobald
1
ZCash GambleI know people haven't been doing much with ZCash and it's gotten destroyed. But here's the thing, we haven't seen a rebound in ZCash basically at all. Technically the RSI is oversold. But that matters very little. It does indicate we'll get a bounce up, but we are banking on that in the coming years with increased global turmoil, we'll see a move back to privacy coins. And with the halving, this could start moving. The all time was at the $800 area and even if it only goes to $120 it's previous high point, we make a VERY good ROI. if you are going to roll the dice, do so with a small amount. Best of luck. -Sherem
BITFINEX:ZECUSDLong
by Sherem