Zcashanalysis
ZCash: Cryptos continue nosedive!Zcash
Intraday - We look to Sell at 108.90 (stop at 114.47)
Our outlook is bearish. Broken out of the triangle formation to the downside. Neckline resistance 109.00. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 109.00, resulting in improved risk/reward.
Our profit targets will be 94.10 and 92.00
Resistance: 107.00 / 109.00 / 111.00
Support: 104.00 / 102.00 / 100.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Zcash (ZEC) Analysis Updated 07/03/2021this is an update of Zcash Analysis which we did on 01/02/2021
as we can see our Hidden Bullish Divergence Implemented, price made a rally and higher high, touched the TP Zone Green Box, where we had our 161.8% level Fibonacci projection Triggered.
price corrected itself and retraced down to the past ATH and Top of our Ascending Channel, so we got our confirmation for the 261.8% level of the same Fibonacci Projection, which is our new higher TP (250USD)
as of now we have total of 3 targets where the 1 TP is the 161.8% of the same Fibonacci Projection where it is very obvious and 2 TP is also well confirmed now.
we can target the 3 TP (315USD), after a retracement from 2TP or if the Bull pressure was high, we can simply Trill our Stop Loss and target our ultimate Target.
i have linked the previews analysis too.
ZCASH optimistic scenarioOptimistic scenario a channel is formed by a large up move
Of course this up move bars pattern is copied from the previous bull move, the only really comparable price action that we are likely to see
three green circles can be viewed as "three up" move
Not a fan of ZCASH but this TA suggests potential.. If you base your buys on TA.
Zcash – Probability of uptrend formation to the range of $ 183The first 5 ascending waves started from the range of $ 18.13 and ended at the level of $ 102.42. The corrective movement of this uptrend has been completed in the range of 46.27 which is approximately equal to the Fibonacci ratio of 0.618. By crossing the price from the range of 89.77, which is the end of wave B from the correctional structure, we can be hopeful to start the uptrend in C / 3 wave. This wave initially can touch the range of $ 183 and then reach the level of $ 384
ZCASH WEEKLY AND DAILY REVIEW.Price is at a a key level and considering the hype and positive reviews, we all know Zcash will definitely increase in price.
From a technical analysis point of view, the first price target will be the top of the ascending channel with a possible continuation to the previous supply zone after which we might see price slowly dwindle down to form new lower lows.
The overall current momentum is bullish at the moment and we only look for buys in the next couple of weeks.
Leave a like ,folow and comment on a pair youdlike to see me review next. Stay Winning.
ZEC 1D. Critical point is $66This is an addition to the previous Zec idea .
In this idea, we expanded the transition channel and identified global targets.
If in the coming days the ZEC price cannot rise above $66 , then buyers' weakness will be confirmed.
In this case, a fall scenario with a lower target $43.6 will be activated .
If the price fixes above $66, we will expect the ZEC growth continuation in range $80-87 by the beginning of Halving.
__________________
Each " like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)