ZECUSD 1W-TIMEFRAME ANALYSIS💥ZECUSD 1W-TIMEFRAME ANALYSIS
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Zcash (ZEC) formed bullish BAT for upto 134% big moveHi dear friends, and welcome to the new update on Zcash (ZEC).
Previously on a long-term monthly view, ZEC formed bullish Shark , and we had a nice trade.
This time on a weekly time frame, ZEC has formed huge bullish BAT pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
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
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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:NEW BULLISH STRUCTURE|PULLBACK PROJECTION $200 LONG 🔔Welcome back Traders, Investors, and Community!
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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 Has Positive signsGood Day,
Zcash has a lot of positive signs going for it.
- MACD had a decent rejection of the Bears
- RSI comes from a fairly stable flow around the 50, which indicates potential in the market for upward movement
- DMI is crossing on 12HR timeframe
- Healthy correction from 16th April high
- Steady upward movement
- Testing $267 resistance with persistence
- If we count the waves Elliot, we just started the second wave in a potential five-wave movement
Larger time frame
- Strong candle forming on daily
- Correlation with BTC has to be factored in for sudden downwards movement. Even dough the market dominance is shifting away from BTC (could indicate different market behavior for bigger altcoins). There is a bunch of other factors that can substantiate a potential different market movement for the future (early days do).
- New people to crypto, might find the Threshold for 1 BTC high, which will help the psychological adaption of the trusted ALTS with store of value, payment, anonymous options
- MACD crossing bullish
- Good volume
- Fibonacci levels are good
Historical High: very early days $1600 - last boom $800, so decent long-term potential.
Fundamentals of the coins are strong enough
Chasing the trade can be dangerous, and atm it is breaking, which is never a point to enter(only with exp and caution)
None the less I am in, levels to watch and stop/take profit on the chart.
Good luck to you all!!
ZEC star now + 40 % It's time for Zcash to pump !
1 Target : 189
2: 200
3: 218
4: 237
SL : $160
By by careful with BTC price !
ZECUSD a massive bullish setupHey friends, hope you are well, and welcome to the new update on Zcash.
Previously I have posted the article when the price action of Zcash formed a big bullish Gartley and so far it has produced more than 122% rally:
The long-term up-channel:
Now on the weekly chart, the price line of ZEC is moving in an up-channel and reached at the resistance, in the meanwhile, it has broken out the 25, 50, and 100 simple moving averages on the weekly chart as well.
A big bullish Shark move:
Now the price action of ZEC has formed a bigger than the previous Gartley pattern on the monthly chart. the price action cannot enter in the negative zone therefore it is not possible that the price action may move more down up to 1.13 Fibonacci retracement level. The priceline of ZEC has found firm support at $20, therefore it can be considered as a maximum extent of potential reversal zone area.
Big bullish Butterfly:
Zcash with Bitcoin pair on 2-week chart has formed a very big bullish Butterfly pattern and entered in the potential reversal zone. This potential reversal zone is very vast and in the Bitcoin market, the ZEC has no significant long-term support as well, however, it is likely to find a trend line support on the weekly chart. Therefore we should be looking for two major signals to buy the ZEC within the potential reversal zone of this butterfly pattern. First, we can wait for the exponential moving average 10 should cross up the EMA 21 on this weekly chart.
Secondly, we can use look at the Ichimoku cloud on weekly chart and wait for the conversion line to cross up the baseline. After these two major signals, we can place our buying orders in Zcash with the Bitcoin market.
Conclusion:
The price action has formed the biggest harmonic pattern in its history. Therefore there are strong chances that in long-term it will achieve the highest price in its history as well.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
www.patreon.com
Zcash formed bit Shark for upto 2250% bullish rallyHi friends hope you are well, and welcome to the new update on Zcash.
On long-term monthly time period chart, the price action of the ZEC has completed the final leg of the bullish Shark pattern and entered in potential reversal zone.The price action cannot enter in the negative zone therefore it is not possible that the price action may move more down upto 1.13 Fibonaicc retracemtn level. The priceline of ZEC has found a firm support at $20, therefore it can be considered as a maximum extent of potential reversal zone area.
Possible profit and loss ratio:
This trade has a huge profit possibility of 2250%, and the loss possibility is 74%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
www.patreon.com
ZEC 12h "Feast at a time of plague" Growth and delistingThe previous ZECUSDT idea clearly worked out towards the target of $50.
However, the clouds over the coin never cease to gather, because on 1 January 2021, Bittrex claimed that it will remove the anonymous coins Monero (XMR), ZCash and Dash on Friday, 15 January at 23:00 UTC. Then the value of all coins sharply fell, but ZECUSD did not update the low , it was the first bell that there might be growth.
The same thing happened the other day in the DASHUSDT pair. The day before the growth start, we warned with the idea that you can quickly earn +60%, whoever wanted and believed - became richer in a matter of days)
It looks like ZECUSD is being artificially pushed upwards to sell it expensively before delisting.
The upper target of this growth is $125, it is better to say goodbye to the ZEC before this level and look around. Will delisting of anonymous coins be Bittrex's sole campaign or other exchanges will support the negative.
A break above $125 will quickly push the price up to $150, but a correction to the range of $80 is more likely.
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ZECUSD is getting bounced from the strongest support lineHey, friends hope you are well and welcome the new update on Zcash (ZEC) coin.
By the grace of Allah the most high my previous idea has been executed exactly as per defined targets:
Now on the weekly chart the priceline is having very nice bounce from 25 and 100 simple moving averages moreover the 25 SMA also has formed bull cross with 100 simple moving average. The 200 SMA is at $135 that can work as strong resistance as well.
On daily chart the priceline is moving in down channel since 1st Aug 2020. Now finally the priceline is closed above exponential moving averages with the time period of 10 and 21. The EMA 10 and 21 also have formed bull cross that can lead the priceline of Zcash to breakout the resistance of this down channel as well.
Volume profile of complete channel showing no interest of traders below $51 and very less interest above $80. Therefore a movement upto $80 is confirmed and there will be less chances to break down the support.
As we have seen earlier that the priceline of ZEC is getting bounced from the 25 and 100 SMAs on the weekly chart and also closed above the EMAs 10 and 21 on daily chart and likely to break out the resistance of the down channel as well. In the meanwhile, it has also formed the most significant bullish move and that move is the price action has reached the support. And this is the most strongest support since Nov 2019. We can observe that after reaching at this support the priceline 1st rallied 186% then 209%. At this time we can again expect another powerful bullish move again.
Conclusion:
Even though the priceline is having a very nice bounce from the long term support on weekly chart, however, we should use this support as stop-loss as well. If the next bullish rally will be started from here (as it seems to be) then a move up to 200 SMA can be expected that is at $135 at the time of writing.
ZECUSD Second Chance: Profit=765% SL=70% Reward/Risk > 11:1Second Chance Trade Setup summary:
Profit targets=765% = {TP3= 35% + TP4= 61% + TP5= 79% + TP6= 104% + TP7= 127% + TP8= 144% + TP9= 215%}
Stop Loss =70%
Reward/Risk > 11: 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (71.35) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP3= @ 96.60 (New)
TP4= @ 115.25
TP5= @ 127.65 (New)
TP6= @ 146.00 (New)
TP7= @ 162.00 (New)
TP8= @ 174.30 (New)
TP9= @ 225.40 (New)
SL= Break below 64.00
--------------------------------------------------------------------------------------------------
First Buy Current Status:
Total Profit: 136%
Closed trade(s): 85% Profit
Open trade(s): 51% Profit
Trade Setup:
We opened 3 BUY trade(s) @ 48.84 based on 'previous Forecast' at 2020.06.15 :
Closed Profit:
TP1 @ 64.00 touched at 2020.07.13 with 31% Profit.
TP2 @ 75.60 touched at 2020.07.31 with 54% Profit.
31% + 54% = 85%
Open Profit:
Open trade is 74.15(current price) - 48.84 (open price) = 51%
1 trade(s) still open, therefore total profit for open trade(s) is 51% x 1 = 51%
Technical analysis:
. ZECUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
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ZECUSD Second Chance: Profit=765% SL=70% Reward/Risk > 11:1Second Chance Trade Setup summary:
Profit targets=765% = {TP3= 35% + TP4= 61% + TP5= 79% + TP6= 104% + TP7= 127% + TP8= 144% + TP9= 215%}
Stop Loss =70%
Reward/Risk > 11: 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (71.35) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP3= @ 96.60 (New)
TP4= @ 115.25
TP5= @ 127.65 (New)
TP6= @ 146.00 (New)
TP7= @ 162.00 (New)
TP8= @ 174.30 (New)
TP9= @ 225.40 (New)
SL= Break below 64.00
--------------------------------------------------------------------------------------------------
First Buy Current Status:
Total Profit: 136%
Closed trade(s): 85% Profit
Open trade(s): 51% Profit
Trade Setup:
We opened 3 BUY trade(s) @ 48.84 based on 'previous Forecast' at 2020.06.15 :
Closed Profit:
TP1 @ 64.00 touched at 2020.07.13 with 31% Profit.
TP2 @ 75.60 touched at 2020.07.31 with 54% Profit.
31% + 54% = 85%
Open Profit:
Open trade is 74.15(current price) - 48.84 (open price) = 51%
1 trade(s) still open, therefore total profit for open trade(s) is 51% x 1 = 51%
Technical analysis:
. ZECUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
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ZECUSD Update: Profit=124950 SL=11600 Reward/Risk > 10.7:1 Trade Setup summary:
Profit targets=124950 pip (2100 + 3965 + 5205 + 7040 + 8640 +9870 + 14980 + 19540 + 23670 + 29940)
Stop Loss =11600 pip
Reward/Risk > 10.7 : 1
Current Status:
Total Profit: 7732 pip
Closed trade(s): 4192 pip Profit
Open trade(s): 3540 pip Profit
Trade Setup:
We opened 3 BUY trade(s) @ 48.84 based on 'previous Forecast' at 2020.06.12 :
Closed Profit:
TP1 @ 64.00 touched at 2020.07.22 with 1516 pip Profit.
TP2 @ 75.60 touched at 2020.08.01 with 2676 pip Profit.
1516 + 2676 = 4192
Open Profit:
Profit for one trade is 84.24(current price) - 48.84(open price) = 3540 pip
1 trade(s) still open, therefore total profit for open trade(s) is 3540 x 1 = 3540 pip
Technical analysis:
. ZECUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 73.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (75.60) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP1= @ 96.60
TP2= @ 115.25
TP3= @ 127.65
TP4= @ 146.00
TP5= @ 162.00
TP6= @ 174.30
TP7= @ 225.40
TP8= @ 271.00
TP9= @ 312.30
TP10= @ 375.00
SL= Break below 64.00
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ZECUSD Update: Profit=124950 SL=11600 Reward/Risk > 10.7:1 Trade Setup summary:
Profit targets=124950 pip (2100 + 3965 + 5205 + 7040 + 8640 +9870 + 14980 + 19540 + 23670 + 29940)
Stop Loss =11600 pip
Reward/Risk > 10.7 : 1
Current Status:
Total Profit: 7732 pip
Closed trade(s): 4192 pip Profit
Open trade(s): 3540 pip Profit
Trade Setup:
We opened 3 BUY trade(s) @ 48.84 based on 'previous Forecast' at 2020.06.12 :
Closed Profit:
TP1 @ 64.00 touched at 2020.07.22 with 1516 pip Profit.
TP2 @ 75.60 touched at 2020.08.01 with 2676 pip Profit.
1516 + 2676 = 4192
Open Profit:
Profit for one trade is 84.24(current price) - 48.84(open price) = 3540 pip
1 trade(s) still open, therefore total profit for open trade(s) is 3540 x 1 = 3540 pip
Technical analysis:
. ZECUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 73.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (75.60) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP1= @ 96.60
TP2= @ 115.25
TP3= @ 127.65
TP4= @ 146.00
TP5= @ 162.00
TP6= @ 174.30
TP7= @ 225.40
TP8= @ 271.00
TP9= @ 312.30
TP10= @ 375.00
SL= Break below 64.00
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ZEC'S ALIVEZECUSD simple and easy trade.
Support is confirmed and strong. Read to go ahead and test that resistance at 100$
Perfect trade here, low risk reward.
Use stops, be safe.
A trading opportunity to buy in ZECUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (48.84). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ZECUSD is in a range bound and the resumption of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 64.07
TP2= @ 75.60
TP3= @ 115.25
SL= Break below S2
A trading opportunity to buy in ZECUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (48.84). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ZECUSD is in a range bound and the resumption of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 64.07
TP2= @ 75.60
TP3= @ 115.25
SL= Break below S2
ZECUSD formed a bullish Crab | Upto 172% from herePriceline of Zcash / US Dollar has formed a bullish Crab pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
RSI is oversold.
Volume profile is showing less interest of traders at PRZ level and MACD is strong bullish but Stochastic is in bear cross so for secure trade we can wait for stochastic to give bull cross then buy.
I have used Fibonacci sequence to set the targets:
Sell between: $56.95 to $100.95
Buy between: $38.32 to $14.76
Regards,
Atif Akbar (moon333)
This Bullish Gartley Pattern Can Lead Zcash To $800Hi friends hope you are well and welcome to the new update on Zcash. 1st of all I would like to share a recap of my previous chart with you that I have shared back in Oct 2019. That the Zcash had formed a bullish Crab pattern on two day chart and I was expecting after taking the bullish divergence from the potential reversal zone of this pattern the Zcash will produce a long term bullish rally. But as per prediction the priceline took a powerful bullish divergence but after producing more than 170% gains dropped down again at the PRZ level.
Formation of an up channel:
Now on the daily chart the price line of ZEC has formed an up channel. And the price action is moving very well within this channel by hitting the support and the resistance of the channel. But this time I am expecting that the priceline will breakdown the support of this channel. There are different reasons behind that let's talk about them.
ZEC is completing the final leg of bullish BAT pattern:
On the same daily chart the price line is forming a BAT pattern. Sofa all the legs are driven perfectly as required for the bullish BAT pattern, therefore I am expecting that the final leg will be formed as per requirement of the this pattern. At this time the price action is at the support of the channel. But in order to complete the final leg the priceline needs to move more down from $37 up to $35. Its mean that for the completion of this bullish BAT it is mandatory for the support of the channel to be broken down. And after completion of the leg from that level as Fibonacci sequence of the BAT pattern the price action of Zcash is supposed to move up.
Different indicators and oscillators are turned bearish:
Now if we see the different indicators and oscillators on the daily chart like the relative strength index (RSI) , moving average convergence divergence (MACD) and momentum indicator then all indicators are turning bearish. RSI is turned bearish the MACD has turned strong bearish and the momentum is turned weak bullish and soon it will be turned strong bearish. These bearish signals by the indicators will also help the price action to complete the final leg of bullish BAT pattern. But again in order to complete the final leg of BAT the priceline will breakdown the support of the channel.
The simple moving averages:
If we see the simple moving averages on the daily chart with the time period of 25, 50, 100 and 200. Then it can be easily observed that after the strong downside move of Zcash price action in the month of March the price action again turned bullish and broke out the 25, 50 and 200 simple moving averages. But after breaking out all these simple moving averages now the price action is not able to break out the 100 SMA resistance even after several attempts. If we dig it more deeper then we can easily see that the price action has also formed a double top at that 100 simple moving average resistance. this double top formation can produce more bearish rally to the downside. That can break down the 200 SMA as well. And we can have a bounce back from the 50 simple moving average because the simple 50 SMA is at the same level where we have the potential reversal zone of bullish BAT pattern.
The exponential moving averages:
Now I woud like to discuss about the exponential moving averages with the time period of 10 in 21. Then it can be easily observed that since the priceline has crossed up these two exponential moving averages the Zcash is using these moving average as a support, moreover the bullish cross between these exponential moving averages in the month of April produced more upward bullish rally. This time the priceline has broke down the EMA 10 and hitting the exponential moving 21. And the EMA 10 is moving down and likely to form a death cross with the EMA 21 soon. If the price action will break down the EMA 21 then we will witness the more downside move.
Support and resistance levels:
During the downside move in the month of March the price action has hit the strong support of $26. And moved up. After that it has broke out the next resistance level at $35. And after re-testing this resistance level as a support the priceline started another upward move and tried to break out the next resistance level at $49. This is the same level where we have the 100 simple moving average resistance level. And we can observe that at this resistance level the price line is forming the same double top as it has formed on the 100 simple moving average resistance. Therefore we can expect that the priceline may re-test the previous resistance at $35 as support. This is the same level where we have the potential reversal zone of bullish BAT pattern.
Formation of falling wedge pattern:
If we switch to long term weekly chart then it can be easily seen that the priceline of ZEC is moving within a falling wedge pattern. And within this pattern whenever the price action has reachedthe support it has started bullish rally to hit the resistance. But this time after hitting the support I am not expecting that it will reach the resistance. From here it may move down for the correction rally. This is very positive sign that the bollinger bands is above the resistance level therefore it will be easy for the price line to breakout the resistance of the falling wedge. And if we place the volume profile on the complete price action moving within this wedge pattern then we can see that we have a very weak interest of the traders below $35. Therefore if the price line will move down from this level then it will be moved up. Because as per volume profile the traders interest is very low below $35 level and in the past history of the this pattern we can easily witness that whenever the price line is moving down below this level then it moves upto the resistance very easily.
The indicators on weekly chart are not synchronized:
Here I am using the combination of three indicators to observe the bullish and bearish momentum. The stochastic, MACD and momentum indicators. If we take a closer look at the chat then it can be easily observed that whenever the price action of Zcash is hitting at the support of the falling wedge pattern and the bollinger bands support as well. After that the stochastic gives bull cross and MACD turns bullish and the momentum also turns bullish then the price line of ZEC starts a powerful bullish rally that leads the price action to reach the resistance level. But this time this the signals of these indicators are not synchronized. After hitting the support the stochastic has given the bull cross the MACD is very strong bullish but the momentum is continuously ignoring the bullish signals by the stochastic and MACD and turning more and more bearish. Therefore we can expect that soon the MACD will be turned bearish and the stochastic will also give the bear cross and the priceline may re-test the previous support level of $35. Here I am not execting as that much bearish move that the price line may hit the support of the wedge.
A very big bullish Gartley pattern on monthly chart:
Now finally I would like to talk about that very big bullish harmonic Gartley pattern that has been formed by the priceline of Zcash on the monthly chart same is like the Bitcoin has formed. But this is more powerful pattern than Bitcoin. Because in recent bullish move the priceline of Bitcoin has reached the sell zone as I have defined on the Bitcoin chart on the other hand if we watch the Gartley pattern that is formed by the Zcash then it is still moving in the potential reversal or buying zone even after the strong bullish move of more than 170%. So its mean that we can expect more powerful bullish move on the long-term that can lead the price line of ZEC to reach the Fibonacci projection of A toD leg of this Gartey pattern, that I have defined as a sell zone on the chart. It is not mandatory that the priceline will be dropped down after hitting the sell zone. If the Zcash will be able to break out this sell zone area then it can lead the price action to hit the $800 that is previous highest price.
Conclusion:
On the short term I am expecting a downside bearish rally as the bearish pattern are appeared and different indicators have given sell signals. But on the long-term Zcash is bullish as it has formed big bullish pattern.
Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
Zcash Falling WedgeZcash is currently in a falling wedge
This in this situation is a bullish continuation pattern
Fib spirals can be used to identify resistance support areas and potential entry points (orange label clear attempt at a support along the fib spiral)
Don't miss the great buy opportunity in ZECUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (28.13). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ZECUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 33.36
TP2= @ 39.33
TP3= @ 43.65
SL= Break below S2
