Zec
ZEC testing important levels and indicators on it's way to $150As you can see on this weekly log chart you can see ZEC has broken above the Ichimoku Cloud with some strong volume. On the Fibonacci retracement indicator you can see ZEC is now testing the 1.618 level @ $111.75
The red horizontal lines are major support or resistance for ZEC.
On the LMACD you can see it is above 0 and has a nice bullish divergence to it since around March 2019.
You can see ZEC has now moved above all EMA's and MA's and should form the 'ribbon' type look I have spoken about in other analysis on BTC. The small light blue line at around $134.00 is the MA 200 and ZEC would need to firstly conquer the 1.618 fib level we are testing currently then break above the MA 200 and the major resistance level at $150 if ZEC is to go parabolic. I think the $150 will be the target for now and re assess if ZEC gets above this.
On the RSI you can see the major resistance level shown by the red horizontal line. Each time ZEC has hit this line it has dumped considerably. This could line up perfectly with the rise to $150.
On this monthly chart below you can see ZEC is now testing the EMA 34 (in pink) and the EMA 10 (in blue) is about to cross over the MA 21 (in orange).
ZEC needs to close above the current fib level to make it's move to $150. If ZEC gets rejected here I expect it to re test the $100 area. On the daily chart ZEC has already closed once above this 1.618 fib level and I require it to close twice to usually confirm the move.
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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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💡 Don't miss the great buy opportunity in ZCash/BitcoinTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.001673). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ZCash/Bitcoin ZECBTC 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 50.
Take Profits:
TP1= @ 0.00265750
TP2= @ 0.00336700
TP3= @ 0.00436500
TP4= @ 0.00532570
TP5= @ 0.00663300
TP6= @ 0.00835200
SL= Break below S2
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Zcash vs Gold About to Moon!Zcash and a handful of privacy coins for that matter are primed to pump into 2021. As economic collapse ensues, natural disasters rise, and the global reset takes shape, privacy and freedom of conscience will quickly become a very scarce commodity in our world. However out of many a 'remnant' will survive. Rev. 12:17;)
Best wishes!
ZEC The level $84 will decide the mediumterm price movement fateIf we analyze the previous idea , we see that after the level $66 did not let the price move up, a fall began.
But the ZEC value did not reach the desired target of $43.
For the third time, someone was actively buying a coin at $50-51.
As a result: a smooth growth to the level $66, and after the halving on 17 November, the growth greatly accelerated, reaching $90.
Also, the price entered the sales zone, which was mentioned in the previous idea.
If the ZEC price fixes above $84 , we can consider long at least at $100 and globally - $150.
The fall scenario from the current price to the first logical target from below will be to $50-51 , where the stubborn buyer was sitting).
And then it already depends on what you believe in. Will Bitcoin and altcoins grow or fall anytime soon?
zec will break the descending trendline one way or another!Using fib extension targets are 80.5 and 85.5 and +++. Of course you need to keep an eye on BTC before opening any position on altcoins. I think green scenario has a higher chance (it leads to a beautiful inverse head and shoulders). I have buy orders at 64.5 and also 58.5 (futures is a bit risky now, so I will stick to spot trading! Cheers!
ps: yellow boxes are monthly and weekly pivots!