Zcash
ZEC-BTC Long Trade PlanCommodity : ZCASH
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point.
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-2 weeks
Zcash Price Analysis ZEC / USD: Sharp Bullish BreakoutZcash / USD Short-term price analysis
Zcash has a bullish short-term trading bias, with the ZEC / USD pair advancing to its highest trading level since November 2018.
The four-hour time frame is showing that a bullish breakout has occurred from a neutral triangle pattern, with the move higher yet to reach its full upside target.
Technical indicators across the four-hour time frame have turned bullish and are generating a strong bullish signal.
Pattern Watch
Traders should note that a major range break has also taken place on the four-hour time horizon.
Relative Strength Index
The RSI indicator on the four-hour time frame is bullish, although it has moved into extreme overbought territory.
MACD Indicator
The MACD indicator on the four-hour time frame is bullish, with the MACD signal line and histogram issuing strong buy signals.
Zcash / USD Medium-term price analysis
Zcash has a strong bullish bias over the medium-term, with the ZEC / USD pair performing a major bullish breakout on the daily time frame.
The daily time frame is also showing that bulls have triggered a large inverted head and shoulders pattern, following the continued bullish breakout above the ZEC / USD pair’s 200-day moving average.
Technical indicators on the daily time frame remain bullish and still have scope to trade higher.
ZEC / USD Daily Chart by TradingView
Pattern Watch
Traders should note that the November 14th, 2018 swing-high is the initial upside target of the bullish inverted head and shoulders pattern on the daily time frame.
Relative Strength Index
The RSI indicator is bullish on the daily time frame, although it is now approaching overbought conditions.
MACD Indicator
The MACD indicator on the daily time frame is bullish and continues to issue a buy signal.
Conclusion
Zcash has staged an impressive technical breakout over both time horizons, with the cryptocurrency advancing to a new 2019 trading high.
While the breakout on the four-hour time frame is nearing completion, the bullish breakout on the daily time frame still appears to be in its early stages.
ZCash may have a good future for long term investorsFull TP list of the ZCASH for long term investors
until 58.05, support is valid, uptrend is possible to happen. but ZCASH should break resistance at 91.30
In case that support at 58.05 is broken, this forecast is not valid anymore.
Why we think for a long:
1- Positive Divergence is a good sign of beginning of the uptrend.
2- A trough is formed in daily chart at 58.85
3- RSI downtrend in green line is broken.
Zcash - ZEC/USD 4H Chart - Levels to watch in the coming weeks It's all on the chart.
Levels drawn from fib retracement after late April surge. Seems interesting to identify buying / selling opportunities in the short/mid-term.
Currently setting at the 0.238 fib retracement.
$55-58 Attractive R:R for a long but still risky
$47-$50 Ideal supply zone
Short and long TP as drawn on the chart (support/resistance levels) so watch these levels. Of course always keep an eye on BTC, as it will dictate the trend.
Don't hesitate to leave a like since you're around here! ;)
Best
Please note: Not a financial advice. Just charts.
Zcash; the beginning of an Odyssey to becoming a Top 5 Mcap CoinThe chart says it all..
WOE IS HE WHO MOCKS THIS CHART IN DISBELIEF!
Zcash
Development of the protocol started in the 80s. When the phoenix issue of the economist came out in Sep 1988
Besides the rising Phoenix, on the cover is the symbol is for saturn and it also is the symbol for NULL which means ZERO, aka Zero Coin
10 2018 is also the last month btc was stable before it broke support, and it bounced off 6k support for 8 months
Zooko was part of the original digicash team
Hal finney followed the zero coin protocol Twitter right befre he died and tweeted looking for ways to add privacy and anonymity to bitcoin
Halfin is part of 'satoshi nakamoto'
You hve big names like snowden and vitalik shiling is
Jp Morgan working on it since day 1
Darpa, who created the internet, is helping with zcash
Israeli developed virtual money
It has its own investment trust
NYDFS approved
Coinbase listing
Gemini listing
Z is the 26th letter
Saturn tilts at 26 degrees
Zcash has 26 transactions per second
Zion zog zec