ZECBTC
ZEC Zcash possible Long Term Low, Bottom FormationZEC' is also showing a long term bottom formation like many other of the bigger Altcoins. My previous analysis I caught the low in September where we saw a good volume breakout to the upside. Where we saw a good break of the bullish wedge. Even thought the move up fell short, it does not mean the pattern (bottom formation) is off the table. As long as the price stays above that low of the wedge, the chances remain for a long term move. But what i DO want to see is that the blue curved line stays intact, meaning the higher low formation has to stays intact.
Short term: On the right we can see a few scenario's, I have drawn a black line showing a potential right shoulder. The green level has to hold for now which will depend on Bitcoin' movement the coming day. A break of 126ish will probably mean a drop towards that support line around 120.
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Previous analysis:
ZEC almost ready to moon?
ZEC continues to show strength even when markets have shown some weakness past 2 days
ZEC has moved above a few resistance levels so far but has gotten rejected at the key supply zone
A break above here could yield substantial gains for longs but we could see a pullback before we move up
For bulls, a pullback to the demand zone below would be the ideal spot to enter a long as the EMAs have crossed over as well and would provide support
Volume has followed the last 2 spikes above resistance levels, which is a good sign
With possible Coinbase listing at any time, price for ZEC will be well supported in the coming weeks/months (barring a complete market meltdown)
Thanks guys!
Zcash (ZEC) Long Position Upto 26% ZEC making a Bullish Ascending triangle if breakout this triangle then we can see price move on the next resistance level 0.024500
Stochastic are Also showing Bullish Diversion.
Entry Price- 0.019500
Stop Loss- 0.017500
Target- 0.024500
Let See What Will be Next Move , i hope that Price can fly from the current Price....
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Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
ThankYou....................!!
Zcash - completing wave 3 of 5 Following a double bottom, we're seeing a small 5 wave impulse play out in ZEC/BTC over a the past few days.
Crypto in general is primed for a Christmas miracle of sorts.
Based on Fib lines, current price is likely near top of wave 3.
Short term targets (1 week)
.02
.0223 (wave 5 target 1)
.026 (wave 5 target 2) high water mark if volume supports this bullish behavior)
You can sell some gains now and buy back a little cheaper in a day or two (maybe) or just hold and sell at .022 to .026
$ZEC / $BTC 1D - Head & Shoulders patternZEC - Head and Shoulders pattern. Neckline breakout with high volume.
Breakpoint rate: 0.01950600
Take-profit rate: 0.02314850
Profit percentage (%): 18.67%
Stop-loss: 0.01797000
Breakpoint date : 2018-11-07 17:25:00
Timelimit date : 2018-11-27 17:25:00
Entry risk: -7.87%
Risk/Reward: 0.4
ZEC iH&S breakout? ZEC has been on a tear lately with the listing of ZRX just spurring more excitement in the hopes that it could be next. We could see an inverse head and shoulders diagonally that has played out nicely and broke out yesterday and is currently on its way.
We did run into resistance right way as we can see with that wick straight up to the supply zone but the projection for this pattern gives a target of approx. the upper supply area near 0.0275. Whether it gets there in one shot or gradually really depends on market dynamics but one can assume that a Coinbase listing could help it on its way fairly quickly.
Thanks guys!