Zcash Mryoshka Doll, Tea & a RocketI hear you, WTH right?
Zcash, an established privacy cryptocurrency providing increased privacy. It's less than 2 years old.
Still a baby in the market place.
The Zcash chart is indicate to me, in regards to pattern formations that we have formed a C&H within a
much larger C&H, not to mention yet another inverted H&S within that. The potential is staggering!
I have tried to draw what I see, dissect each pattern to give you the direction I see this asset moving in.
Tip: Bottom of a cup.
HODL ON -Rocket armed!
Myyroshka (Rusian doll within a doll ).
Patterns within patterns.
Zcashusd
ZEC, can´t stop the long dropZCASH has lost 1.54% in the last 24 hours and has not been able to stop its long drop in the week from $ 260, the efforts of the buyers have not been strong enough to overcome the Fibonacci Retracement of 38.2% and at this moment the price is in the S1 Pivot, close to $ 231. A break below S2 Pivot can start a new Bearish Momentum and send the price close to $ 215,
ZCASH Where can it go?Even that's true it has a lot of resistance, it has a good F.A too, so here you can see how it broke out the first downtrend resistance since it's ATH, now it has already touched 2nd resistance and is pivoting in the ascending trend line giving us a good Entry point. I used Gana Fan to stablished some resistance lines, and it is currently below the 2/1 level.
RSI is in oversold area at 1hrs Chart, and in the daily is close to the bottom so I expect a bounce somewhere around 200-220$.
In the Long Term it has a lot of resistances making the major one at 350$ at the moment. So for me is just about time to make it happen.
Play safe!
Zcash uptrend 100%+ gainZcash was consolidating for a long time since 10th of February till 1 week ago. That would be more than 100 days consolidation.
Now, after longer consolidation and after regaining 50% in 30 mins time on the 14th of May its was more than clear that Zcash is trying to push up.
Made an uptrend from 0.02
Uptrended from 0.0292 touched 0.0456 mark and retraced, but stayed above 0.0282 level and continously pushing upper price level in order to breach 0.045 mark.
After three attempts fails to do it and retraces to 0.0382 (while achieving 0.044 0.045 0.046 prices) and retracing.
Makes an uptrend from 0.0382 while continously retesting that level 5 times (even with strong pierces) didn't managed to breach that level from the upper side.
in the first cycle was uptrending (in sats and usd) more than btc actually lost in value which shows extreme bullishness at this moment (Zcash was uptrending while entire market was between 5 and 20% minus) was like +10% +20%.
Having in mind 0.0382 level held pretty well (desipite numerious retest), my personal take is that Zcash could double or maybe even go to 0.1 target or even 0.015 in last instance (but honestly) i m not expecting reaching that value in one instance.
on 0.082 level we have resistance, but since we are in form of falling wedge, i thing it could actually pierce through 0.045 and 0.056 resistances going straight to 0.082 level which would be next resistance level and (by my opinion) safe exit price for all people who rebuy under 0.04 sats.
Targets :
0.046
0.056
0.082 (as most probable)
0.15 was ATH at zcash (comparing to existant 0.038 we could conclude that price of Zcash is pretty much underpiced.
I do expect sharp upward momentum heading staight to 0.082 sats.
-This is not financial advice, it was meant to be used only as speculative and solely subjective point of view
ZEC looks excitingthe trend is your friend .... is actually not the whole saying...
""the trend is your friend until the END"".. is the actual saying
majority of people are wrong when it comes to TA.. thats because they become euphoric in an upward trend.. and cautious in a downtrend'
infact you should do the exact OPPOSITE of the majority mass.
1. i know ZEC is being listed on GEMINI.. this could result in a final impulse wave up
2. you should not buy that at all because most likely that will be a sell into the volume.. easier for whales to get rid of their ZEC all at once.
3. buy zones are the green boxes
4. keep a careful eye on BTC.. which is making a falling wedge (bullish) and its breakout could result in a shortened ZEC wave in either direction.
thank you
please leave a like :)
it truly means a lot to me :D and keeps me going strong
ZEC/USD pair reached the support area at $306The currency pair reached the support area at $306.71 during the Asian session. Zcash jumped off it later and moved higher. The currency pair has broken through the next resistance area at $325.54 and managed to develop its progress.
Bulls seem to drive ZEC/USD towards the next resistance area at $366.51, but there is an obstacle on their way as the price is still below the lower border of the Ichimoku cloud. Zcash declined 1.90 percent in the last 24 hours.
The possible scenarios for ZEC/USD are the following:
1. Zcash will cross the Ichimoku could and reach the next resistance area at $366.51. There is the local ascending trend line close to that area and ZEC/USD is able to reach it in this case. If the price jump over this line, Zcash will restore the uptrend on the hourly chart.
2. ZEC/USD will jump off the lower border of the Ichimoku cloud and move towards the closest support area at $325.54.
3. ZEC price will stay close to the current levels without significant changes.
Zcash jumped off the support area and the higher border of the Ichimoku cloud on the daily chart. However, the midterm situation still remains unclear.
Check more detailed crypto analysis HERE
Zcash Upside potentialZcash (ZECUSD) has been rallying the last few days and made a drop down to the support level around $300 on Thursday.
If price keeps trading above the support level, we can expect it to reach the resistance level around $400.
Once price reaches the resistance level, we can expect a reaction and a potential drop.
In case the support area doesn't hold, the next support comes at around $225.
Good Luck,
CryptoTrendline
ZEC/USD pair still moves along its ascending trend lineZEC/USD has tested the resistance area at $366 yesterday but bulls were unable to break it through and the price went downwards. Zcash is also close to the higher border of the Ichimoku cloud and it is testing it currently. The currency pair forms a big ascending triangle here.
The possible scenarios for ZEC/USD are the following:
1. The currency pair will jump off the ascending trend line, which coincides with the higher border of the Ichimoku cloud and go towards the resistance area at $366. ZEC/USD will test the resistance there.
2. Zcash will break through the ascending trend line and the higher border of the Ichimoku cloud and move towards the next support area at $325.
3. The currency pair will stay close to the current levels or rally slightly along the ascending trend line.
ZEC/USD fluctuates above the midterm ascending trend line on the daily chart but seems to start a correction in the nearest future. The closest midterm target for the correction is the support area at $307. Otherwise, ZEC/USD will follow the upside tendency.
Check the full crypto analysis HERE
Zcash is Leader of the DayZcash has reached its all-time highs on Tuesday as ZEC price almost touched the 390 level. Then, we had a correction towards the support area at 325. The volatility is still very high as many market participants are interested in this coin.
Technically, ZEC price is testing the resistance area at 366 in the moment of writing this review. Depending on the results, ZEC/USD may have the following possible scenarios:
1. ZEC price will break through the resistance line and go higher, establishing new all-time highs.
2. Zcash will start to decline towards the support area at 325. However, there are two obstacles on the way – the Ichimoku cloud’s higher border and the ascending trend line.
3. ZEC/USD will stay at the same levels without significant fluctuations.
As for the daily chart, ZEC/USD looks pretty good there as ZEC price has left the Ichimoku cloud with momentum and continues to rally. Zcash is above the ascending trend line but may correct towards it in the nearest future.
Check the full crypto analysis HERE
A long-term trading opportunity to buy for Zcash !Technical analysis:
.ZCASH/DOLLAR is in a Range Bound and Beginning of up trend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
.The RSI is at 41.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (227.00 to 173.00). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
.Beginning of entry zone (227.00)
.Ending of entry zone (173.00)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 266.00
TP2= @ 312.00
TP3= @ 412.00
TP4= @ 486.00
TP5= @ 560.00
TP6= @ 800.00
TP7= Free
A long-term trading opportunity to buy for Zcash !Technical analysis:
.ZCASH/DOLLAR is in a Range Bound and Beginning of up trend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
.The RSI is at 41.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (227.00 to 173.00). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
.Beginning of entry zone (227.00)
.Ending of entry zone (173.00)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 266.00
TP2= @ 312.00
TP3= @ 412.00
TP4= @ 486.00
TP5= @ 560.00
TP6= @ 800.00
TP7= Free
Zcash/USD (Zcash) Coming Into A Tradeable Low!Zcash/USD (Zcash) setting up for short-term cycle low with the medium-term cycle up. 2018-0510, 6:50 p.m. EST. By Michael Mansfield
With current structure, the proportions would fit best to see one more low to complete big Wave B, or Wave 2 of 5 low, at between $254.00 to $249.00 area. It is possible the low is in, but I think not yet. However, if $266-$265 is the low, within a few hours, it makes it a Flat Correction, in Elliott Wave terms. One more low to the $254-$249 area, and its a Flag Formation. Both formations are likely bullish! So either way, a tradeable low rally for two weeks or longer, should be in within 24-48 hours, possibly sooner.
NEGATED:
The potential bullish breakout scenario would be negated if Zcash broke below the lowest Andrews lower fork's resistance line, currently at 207.
PRICE VOLUME ANALYSIS:
Bulk visual price/volume distribution resistance area (dashed blue line) is the major resistance area. That price level is currently at $289.00. The blue line is slightly lower at $286.00, so as not to cover up the peak of the graph (located at the right margin of the chart).
A break above that "blue dashed bulk volume line," or the "pink Andrews Pitchfork" upper resistance line (currently sloping down), will likely confirm a new uptrend or at least a significant upthrust in the case of a Wave C corrective wave structure.
TRADER TIPS: The minimum volume attractor area is shown by the ""dashed red line" and the low price volume distribution graph (also at the right margin of chart). This low volume area can be a magnet for price to quickly magnetize to, then reverse. Sometimes markets go back later to fill those areas to form a duel bell curve distributions.
Conversely, the bulk price volume distribution area (think thick part of a bell curve in statistics) are often longer-term support and resistance areas where price has traded at and around that area for a significant amount of time in the past. This is especially when this data parameter is set based on the number of price ticks, price changes, rather than just the amount of volume at a given price). Watch these areas for price changes.
CYCLES:
The long-term cycle (not viewable at this price scale) is heading down, while the medium-term cycle in green is up. Since long-term cycle moving down will tend to dominate, I would expect a price peak prior to the green up cycle's peak date of July 15th. As with other cycle comments, these are young markets without a lot of price history, so there maybe longer cycles at play, either up or down, that we cannot yet account for.
TRADER TIPS: When a larger cycle is down, while a middle-term cycle is up, prices will tend to peak earlier than the short-term cycle's peak date would indicate. The reverse could be true if the long-term cycle was up and the shorter-term cycle was down. In that case, you might expect an earlier bottom. Finally, when both cycles are up, the actual medium-term top will likely come further to the right, time wise. This skew is called "Right Translation." Earlier peaks are called "Left Translation."
Cycle lows in stocks tend to be easier to pick out than cycle tops. But over the years I found that in many commodities, cycles tops are far more regular and easier to pick than cycle bottoms. For instance, Gold has a very regular 8-year cycle top. The next 8-year cycle top is due in late 2019-early 2020. That does not mean it will be a higher high. Gold may form a lower high, than the September 2011 high. So a bounce in gold lasting 12-24 months may be underway. Should gold, for example, clear $1550, then hold on for a likely higher high at $2200-5500, in 2019-2020, 8-yrs to 8.6 years from the September 2011 top. Some contracts topped in 2012, if I remember correctly.
Digital assets seem to trade more like commodities in this regard.
DISCLOSURE:
This analysis is meant for educational purposes only. You trade at your own risk!
Michael Mansfield, CIO
ZEC/USD about to take another flight?Hey guys,
Good opportunity to take about 20% of profit on the next weeks...
Fibbo's 23.6% is our resistance at this moment, but if we cross this line we could reach to 38.2% as first target.
Price is crossing the red cloud and also the green cloud is showing up.
Stop loss and risk management always!!
Zcash entering wave 5Zcash has had a bullish race up to 325$ - which marked the end of wave 3.
In the following it has broken out of the ascending trend channel to the side, and the lowest price marked the wave 4.
Comparable to other coins the price didn´t rise fast after the turning point. Zcash is actually within a symmetrical triangle, with the lower limit consisting out of a swing trend line. This should not be broken to the bottom, otherwise the trend will be broken.
In my calculation the wave 5 begins when the price of Zcash breaks the upper limit of the triangle and should lead the price up to 412$, where we find a fib retracement at 61.8% (downtrend).
There are several resistances between this goal and the price of today. Each one could be the peak of wave 5 - but I think it shall go further.
The RSI is showing some weakness and if I´m right it should break the upper trend line as well.
Also MACD isn´t signalling a bullish trend at the moment. But in neutral zone everything can happen.
Stop:
If zcash falls out of the triangle to the bottom and falls depper than the last low at 267$!