ZECBTC | APEX | Symmetrical Triangle | Volatility Contraction Todays Analysis- ZECBTC – trading within a symmetrical triangle as it nears the apex.
Points to consider:
- Volatility Contracting (apex)
- Consolidating above range median
- 100 EMA (dynamic Resistance)
- Declining Volume
- RSI above 50
- Stochastics overextended
As ZECBTC consolidates above range median, volatility is contracting as price coils into its apex where a break in either direction is probable.
Historically, price has failed to break above the 100 EMA, thus another rejection upon re-test is probable. However, body candle closes/consolidation above this dynamic resistance is very bullish.
Volume is clearly declining and currently below average, indicative of volatility expansion being imminent. A break in either direction needs to be backed by increasing volume to solidify legitimacy.
RSI trading above 50, establishing consecutive higher lows showing increasing strength in the immediate market. Stochastic RSI currently overbought, however, this oscillator may remain overextended for a prolonged period.
Overall, In my opinion, a long trade will be validated upon a successful S/R flip of the 100 EMA.
What are your thoughts? Let me know in the comments below!
Appreciate you for following my work and development as a trader.
As always,
Focus on you, and the money will too!
ZECBTC
ZEC/BTC 400% Potential in mid term holders#ZECBTC Chart Update:-
#ZECBTC Now looks Good for fresh entry.
Now Struggle at Strong Resistance level at 5600 Satoshi.
Entry 1: already Filled from last chart and now 30% up from 1st TP.
Entry 2:- 5000-5600 ( Accumulation zone) good to accumulate this range.
Targets:-
Short term:- 6950 Satoshi
Mid term:- 9881/12641 Satoshi
Long Term:- 14331/21238 Satoshi
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ZECBTC 4H: XABCD setup 30% gains(NEW)Why get subbed to to me on Tradingview?
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-15+ years experience in markets
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ZECBTC 4H: XABCD setup 30% gains(NEW)
update for position traders.
🔸 Summary and potential trade setup
::: ZECBTC 16hour chart review
::: already popped 15% today
::: XABCD setup strong chart
::: 30% upside still possible
::: next 10-14 days while
::: bitcoin fell asleep near 10 000 USD
::: TP bulls 7250
::: recommended strategy: BUY DIPS
::: 30% upside from market
::: speculative setup
::: results not guaranteed
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/a
🔸 Other noteworthy technicals
::: bullish channel on 4hour chart
::: TD9: N/A (H4)
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.
ZCASH ($ZEC): Making that Cash With Zcash.✨ Drop a comment asking for an update, we do NEW setups every day! ✨
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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
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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
ZEC/USDT (Bearish New Resistance?)ZEC/USDT
-testing old support as new resistance zone
-if we can break above this resist level
-we can open Long position and target swing top
-bearish scenario if 42s level breaks down
-we will revisit the 39-38s area of support again
-technically, we are on a 4H downtrend
-but like I said before, regaining above 43.7
-will bring hope for the bulls