Zcash, The Same Pattern Repeats, Easy 30.30% MappedThe same pattern repeats for Zcash (ZECBTC), the same pattern we've been seeing with many other altcoins charts.
We have the now-classic break below support, just to see prices bounce quickly back up!
What happens next?
- Zcash (ZECBTC) can produce a bullish jump.
- The next target is marked on the chart.
ZECBTC Signals
We have bullish indicators.
Prices moving above resistance.
Strong Bitcoin.
EMA100 being challenged right now.
Remember to have a plan/strategy BEFORE you decide to trade.
Make sure to do your own research before risking any money.
This is not financial advice.
Namaste.
Zec
ZCASH ($ZEC): Making that Cash With Zcash.✨ Drop a comment asking for an update, we do NEW setups every day! ✨
Like, Comment & Follow to help the community grow 🎉🎉
---
Zcash has historically struggled to retain an uptrend, but with some recent bullish news on transactions and bringing privacy features to Cosmos, and with crypto showing strength all around, we are willing to bet on ZEC here. Let's take advantage of the short term uptrend and look for a long setup.
Resource: cointelegraph.com + decrypt.co
---
1. Fractal Trend has been showing an uptrend (Aqua bar color) on the 4 hour timeframe as ZEC tries to push up past some local resistance.
2. With this strategy, we are looking for long setups in a uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua line color) and/or bullish S/R levels plotted by Directional Bias (Aqua line color).
3. Right now we are looking for a long entry off of S1 with a target of R2. The logic here is that we have been consolidating under R1, so if we finally break R1 then R2 is a logical target.
4. We will exit the position if our stop loss is hit or if Fractal Trend changes color, otherwise we will be waiting for that S1 entry.
5. If we do go lower, we have also mapped out some notable levels to look for support at S2 and S3, although we don't have any specific plans for these levels yet.
Good luck friends!
Don't miss the great buy opportunity in ZECBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00482). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. 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 75.
Take Profits:
TP1= @ 0.00510
TP2= @ 0.00576
TP3= @ 0.00677
SL= Break below S2
Don't miss the great buy opportunity in ZECBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00482). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. 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 75.
Take Profits:
TP1= @ 0.00510
TP2= @ 0.00576
TP3= @ 0.00677
SL= Break below S2
It's Tight!!!! (ZEC)Support & Resistance all playing a major role on the weekly pair to btc.
Monthly Squeezing hard.
ZCash is a cryptocurrency with a decentralized blockchain that seeks to provide anonymity for its users and their transactions. ZCash increases user privacy by using zero-knowledge proofs (zk-SNARKs) to validate transactions without revealing information that could compromise a user's privacy.
Don't miss the great buy opportunity in ZECBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0057). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. 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 68.
Take Profits:
TP1= @ 0.00736
TP2= @ 0.00987
TP3= @ 0.01258
SL= Break below S2
Don't miss the great buy opportunity in ZECBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0057). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. 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 68.
Take Profits:
TP1= @ 0.00736
TP2= @ 0.00987
TP3= @ 0.01258
SL= Break below S2
My Current View For Zcash (Chart Mapped)Here we have the chart for Zcash (ZECBTC).
We have bullish indicators and prices challenging resistance.
The immediate resistance is now EMA200 (0.005663).
ZECBTC will continue to push up until this level breaks.
If not enough momentum can be gathered, prices will retrace before the next try.
We remain bullish even if prices drop below support.
We expect a strong bounce after if such a scenario comes to pass (blue arrow).
Namaste.