Zcash (ZEC) Long-Term Channel Drawn (101% Potential Profits)Notice the "blue channel" in which ZECBTC is moving...
There is potential for a challenge now of the upper trendline.
My classic signals (MACD, RSI, EMAs, etc.) are also present and bullish. Some early others confirmed.
We can aim at the upper channel trendline as target or the 0.786 Fib. extension level for the whole structure since January 2021.
I believe the chart to be self explanatory.
This isn't any type of advice.
Just sharing what I see on the chart.
:)
Namaste.
Zec
Bullish div & support ZEC weeklyWeekly:
Weekly bar closed high and gives us a bullish divergence, including a bounce off of support. Entry around 126 (wait for a pullback on a shorter timeframe).
A bottom has been formed and the weekly bar closed positively, showing a strong rejection of that support level and stochastic RSI came from an oversold condition, now curling up from this condition.
After the bullish divergence on the daily, see previous trade that worked out very well that downtrend seems to reverse
Entry: 126-128,5
SL: 102 (will move it up)
TP1: 177 (resistance)
TP2: 180 (1 ATR level, or higher, I'll let this remainder run probably with a trailing stop)
2022#003
ZEC/USD Main trend (part). Anonymous cryptocurrencyAnother anonymous cryptocurrency with at least some liquidity.
Main trend (part). Timeframe 1 week to understand what happens in the main trend.
After pumping and reaching the goal of $380 (marked earlier), the pullback and the formation of a harmonious butterfly pattern. At the moment the price is in the formation of its second part. The figures marked the potential entry points, depending on your trading strategy and the market situation that arises during the development of the trend in the future.
It is rational to enter the market on the breakdown or rollback after the breakdown of the descending line of the secondary trend, which is resistance of the second part of the harmonic figure. Another option is to dial in parts from the zones of support levels by martingale. When working with this method correctly distribute the volume of potential entry in advance, remember the main thing is the average price of the set, and not to buy off the "bottom".
At a reversal on the undersized amount you can on a breakdown or rollback after the breakdown of the downtrend (if the price has not taken off considerably) to get the position by the pyramiding method, but it is not obligatory.
In very hard times, for very "fat wallets" (not cryptocurrency) like most of anonymous cryptocurrencies, it is very likely that "pumping with stick" will take place in a moment... when there will be "saving money."
Previous closed trade idea for this cryptocurrency: From and to. 51-380
ZEC/USD Main Trend. Breakout. Butterfly. Downtrend triangle
ZEC/USD Local work. Downtrend triangle. Pivot zone
Binance Market - Zcash vs Bitcoin - double bottom reversalMaximum near term target is 10X from the local bottom which about 0.019000
the 5X target looks more reasonable 0.0110000
less ambitious targets also relevant. Primary drivers are the supply shock squeeze, and whether or not Robinhood App includes Zcash in its new set of crypto asset markets.
Its already got access to the #2 and #3 FOMO apps which are WeBull and Public.com
ZEC / USDTAs you can see in the chart ZEC was rejected by the resistance, keep eye on the chart and wait for the confirmation to make it short or long
Just follow the line that I draw
DO NOT FORGET TO USE STOP LOSS BEFORE ENTERING THE MARKET
This is not financial advice it's just my opinion sharing with you guys / Before entering the market DOUBLE CHECK IT and do trading based on your own strategy
I do trading based on Patterns and Zone by Zone / Find your own way that suits you
ZEC Breakout Confirmation NeededZcash has realized a bullish reversal this week as the markets absorbed inflation reporting, the EU parliament excluded language restricting Proof-of-Work from MiCA, and the Federal Reserve clearly conveyed no substantive change to monetary policy in the immediate future.
Bullish price action likely to continue if ZEC confirms a breakout from the descending triangle with a daily close above the trendline, idealing realizing $170 support with a clean bounce.
Broader markets appear poised to enjoy bullish sentiment for next few months given midterm elections this fall.
Significant risk of further inflationary pressure resulting in a monetary policy reversal cannot be ignored.
Closely watch CPI & PPI in the coming months as these likely will see further sharp increases that will ultimately result in Central Banks reversing course.
Bitcoin Pump Ready, strong close for March. Spring time Rally 🚀“Thy has resolved personal worth into exchange value,
and in place of the numberless indefeasible chartered freedoms,
has set up that single, unconscionable freedom—Free Trade.
In one word, for exploitation, veiled by religious and political illusions,
it has substituted naked, shameless, direct, brutal exploitation.”
Zcash Reversal or Bearish Continuation ZEC will need to close daily above descending trendline and see more bullish support or risk retracing into the right shoulder of a very clean head & shoulders pattern on daily charts.
ZEC is volatile and sideways chop at current price is unlikely to continue... in the coming day or 2, it will either break up and reverse the long-term bearish trend, or fall back into the descending triangle.
Overall, Crypto faired very well so far this week, appearing to shrug of major headwinds:
1. EU MiCA did not adopt language against Proof-of-Work
2. Inflation measure Feb results by BLS show PPI up 20% year over year, zooming past Jan inflation #
3. Federal Reserve FOMC towed the line with 25 bps and a cautious Chairman continuing measured and dovish leaning communication while acknowledging inflation... pointing to healthy near full employment without diving into the real and severe labor shortage the US faces.
Markets responded to the sheepish FOMC action rallying up and apparently exuberant the Fed kicked the can down the road again.
Fundamentals of the economy remain unhealthy, equities and assets are sky high, inflation is roaring, the regulators are not looking to control anything until after the mid-term elections.
This complacency is likely to result in a harsher correction the longer the facade continues.
$ZEC Volatility Trend = Sub $90 TargetCharting from Daily to 3-Day charts reflect head & shoulders pattern forming with the left shoulder and head formed. Given price action trends with wild swings up and down, Zcash will either retrace fully to sub $90 or probable right should forms before final retracement.
Once retrace by >70%, historical $ZEC price realizes bullish reversals.
Continuing to see lower highs since 2018, to include May & Nov 2021.
$ZEC has volatile price movements... recently:
1. +116% late Nov 2021
2. -73% from local Nov 2021 high culminating on Jan 24, 2022
3. +89% Feb 24, through Mar 10, 2022
Further downside pressure is likely given the broader macro-environment with inflation spiking, bond yields climbing, and the Federal Reserve meeting on 3/16 with expected rate hikes followed by tightening monetary policy and scaling out of quantitative easing.
ZEC Sub $90 Limit Orders? ZCash large triangle May 2021 local high with breakout in August to reach lower high in Nov forming a smaller triangle.
Higher time frame shows massive double top with lower high in Nov 2021 than May 2021.
6 hour chart shows price action forming a head & shoulders pattern with Price target sub $90 before potentially recovering above $130.
Bulls receive a rejection from the $160 mark The Zcash coin has been slipping lower since beginning of this week and has lost almost 9.8% in just 3 days in price.
The market cap of the ZEC token is down 8.7% over the last night, which is now $1.9 billion.
Panic sellers are approaching the 200-day moving average on the daily price chart. If the bears manage to close today's price candle below the 200-MA, the remaining MA could act as a support level for the buyers.
Stoch RSI is retreating from the overbought area. The RSI is likely to bounce back from the bullish trend line (white). Furthermore, the Average Directional Index is indicating a weak bearish momentum for the ZEC coin.
Today the price of ZEC has slipped below the narrow horizontal range the coin was trading in for over 4 days. The 100-MA could act as a dominance zone for buyers for the upcoming trading sessions.
Resistance level- $190 and $300
Support level- $100 and $80
ZECUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. The price broke its resistance line and after a small pullback, it moved up strongly to the next resistance zone. The price can move down to the confluence of two supports and it will range between these two areas.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Potential Swing Bearish/Short ZEC UsdtTaking into account the current bearish nature of the market,most of the times those assets that tend to pump hugely without any logical reason except pump and dump scenarios, tend to crash the hardest as well.
I believe this asset is a strong candidate for this type of trading.
Key points:
Type of Trade : Short
Stop loss - 190 - 25% movement
Take profit - 90 - 40% movement
Capital used - 1% of the account for stop loss making a 1.6 profit factor trade in case of winning