Zec
Elliot wave count in a correction wave: ZECAfter a classic accumulation phase starting in May and ending late October, ZEC had seen a breakout of nearly 75%.
Reaching a high of $300 on the 25 November, ZEC has transition into a correct wave. ZEC proves to remain very technical in its main support and resistance levels. Equally, it maintains a balanced and easily observable Elliot wave structure. By extrapolating with some key Fibonacci levels we can identity some clear areas of confluence which are observable on the chart provided.
ZEC remains bullish however if key support levels are lost we can see a rotation back into the old range. Particularly it would be important to hold the VAL so that we set up for a nice running flat.
ZEC to $600+! ZEC appears to have completed Elliot Waves 1 & 2 under the 5-Wave Elliot Theory and has begun its ascent in Elliot Wave 3. After using the Trend-Based Fib Extension to calculate potential target prices for Elliot Wave 3 based on Elliot Waves 1 & 2, you can see that ZEC recently wicked at the 0.618 Fib Level ($302.00), and then retraced exactly to the 0.382 Fib Level ($220.00). After retracing to the 0.382 Fib Level, ZEC has just formed a double bottom, which is a bullish reversal indication. Other indicators also look bullish, as the Relative Strength Index (RSI) is only around 40, and yet On Balance Volume (OBV) continues to increase each day. In addition, ZEC's move to Proof of Stake will be a huge catalyst in ZEC's price reaching new highs, as ZEC holders and miners will now be incentivized to hold their ZEC as opposed to liquidating ZEC for other cryptocurrencies.
Within the next 90 days, I expect ZEC to approach the 1.618 Fib Extension Level at $628.00. Once ZEC hits this target, I will make an updated post to predict the next potential targets for ZEC.
💡Don't miss the great buy opportunity in ZECUSD @ElectricCoinCoTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (238.09).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ZECUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 53.
Take Profits:
TP1= @ 253.92
TP2= @ 266.83
TP3= @ 282.22
TP4= @ 305.09
TP5= @ 330.02
SL= Break below S2
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💡Don't miss the great buy opportunity in ZECUSD @ElectricCoinCoTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (238.09).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ZECUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 53.
Take Profits:
TP1= @ 253.92
TP2= @ 266.83
TP3= @ 282.22
TP4= @ 305.09
TP5= @ 330.02
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ZEC ForecastHi,
as per my previous idea ZEC moving upwards after breaking triangle.
new daily candle is well placed , green long bullish, showing good momentum.
for targets plz see my linked idea.
shared only for educational purpose.
please share your thoughts in comments.
wish you good luck.
Thank you.
ZECUSDT Technical Analysis⏳ Spot
💎 ZECUSDT has been making HHs and HLs in the ascending channel. Right before the major resistance we see several green candles which indicates the price has the potential to pump and after the retest and pullback continues the bullish move.
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💵 Invest Only 5% of your Portfolio
🎳 Entry/Pullback now or from 267.2 - 237.5
☕️ TP1 293.6
🍺 TP2 319.3
🍻 TP3 345.7
🍾 TP4 372.8
🍷 TP5 400.0
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 237.5 - 216.2
Good Luck 🎲
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💡Don't miss the great buy opportunity in ZECUSD @ElectricCoinCoTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (233.8).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ZECUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 268.2
TP2= @ 288.3
TP3= @ 345.7
TP4= @ 379.7
TP5= @ 406.4
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in ZECUSD @ElectricCoinCoTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (233.8).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ZECUSD is in an uptrend, and the continuation of the 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= @ 268.2
TP2= @ 288.3
TP3= @ 345.7
TP4= @ 379.7
TP5= @ 406.4
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ZECUSD finally triggers doubles bottom & reaches target.We can see the initial target for the double bottom breakout has been hit. Now the question is whether or not the higher target which is the Inverse Head and Shoulders breakout target will be hit or not. Odds are good it will be, however we may see a retrace first.
Z-Cash - we have liftoffThe fib countdown on Z-Cash is resolving itself perfectly. The trajectory and velocity of price for this final unit of time is set - 0.008 BTC, on January 25th 2022.
Then, a correction and consolidation for the road to $1,000. Yep. It will happen fast.
A most happy of holiday season's to you.
Decoupling of Garbage Coins- Zooko Time to Shine?!With ZK Rollups being the hot-topic of ETH hopium discussions, ZK Snarks should be in discussions as well. That, along side the recent volume and strong technicals on HTF for both the USD and BTC pair for ZEC is my reasoning on being bullish. Unless Zooko increases the founders reward to buy some more groceries, NGU.
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