$ZEC, Historical Lows + Coinbase News = Great Risk::Reward
Weekly
Looking at our trend timeframe we see price is currently looking to form a double inside our 0.25 support zone. Stochastic RSI showing momentum still has some room towards the downside, price is pretty close to ZEC/BTC historical lows. On July 13 Coinbase announced ZEC was a candidate to be added to their exchange in the near future. FOMO is in in the air…
Daily
Shifting over to our pattern timeframe we see price broke out of its bearish parallel channel with the coinable news. Stochastic RSI showning momentum has temporarily peaked and we should be seeing a small correction and ZEC retrace towards 0.26 bouncing off our channel.
4Hour
Finally looking over at our trigger timeframe we see price has recently formed a double top at 0.28 and we should expect price to fall back towards our breakout zone for a retest of support. Stochastic RSI showing momentum in favor of bears. A 4hour close above 0.28 activates our trade, otherwise wait for a drop towards 0.26
ZECBTC
Swiss bank account in your pocket- Bitcoins true rivalZcash started as an alternative to Bitcoin; the Zerocoin protocol which was improved upon and launched as a Zerocash (ZCash) cryptocurrency in 2016.
-Backed by wall street: within direct access to the general public (now a financial investment product) and institutional investors.
-Technicals look incredible, sentiment is on the rise, positive catalysts occurring near term
-Featured in Forbes, Fortune and CNN
-Working with JPMorgan Chase to Integrate Zcash Technology To Its Enterprise Blockchain Platform.
-Predicted (speculation) to reach >$60000 by 2025
-fortune.com/2018/01/31/bitcoin-cryptocurrency-zcash-buy-invest/
-forbes.com/sites/laurashin/2017/11/09/zcash-investment-trust-launches-expanding-investor-options-for-cryptocurrency-exposure
-grayscale.co/zcash-investment-thesis/
ZEC is it buying time? July 2018So am looking at some coins to play, lots of things are looking playable to me. Like if you look at the BTC drops, it is effecting pretty much everything but ETP. That asshole nonsensical coin. But XRP, IOTA, SAN, ZEC, they are not moving much if at all. It's probably getting to the time to start buying some of these.
I would look for lower timeframe buys, looking at them to start to turn. Gotta keep an eye on BTC as it is the main thing, that goes lower so will the coins.
Looking at ZEC I think its going to make a spike soon and the gains will be good.
This is it on the daily chart. With some doable targets. If you look at the RSI/MacD thing its all over sold.
Weekley its hitting that bottom it has hit before , twice. If its going to fall from here you can see the support around $110
I will be looking at this over the next few days to see a change in it, either settle to the $147 area or start to move up. Just watch it, hits 147 and starts to bounce from there or you can wait for it to start turning up and buy around $160. Anyways something to keep an eye on, add to the watchlist and look to add to the wallet!
Coinbase considering adding ZRX BAT ZEC LM ADACoinbase announced it was considering adding these coins resulted in a 12-22% pump for each coin.
This chart shows the impact on the price from that announcement
ZRX Ox
BAT Basic Attention Token
ZEC ZCash
XLM Stellar
ADA Cardano
ANNOUNCEMENT
twitter.com
FOLLOW Coinbase on Twitter so you get the news immediately next time.
These announcement are an easy way to make some quick profit
twitter.com
TAGS
ZRXBTC BATBTC ZECBTC XLMBTC ADABTC
Wow, did Coinbase mean to tweet this... ??? !!!Just got on my phone a tweet.
They deleted the tweet, but it said the following:
Coinbase started a thread:
Today we are announcing that we're exploring the addition of the following assets to Coinbase:
Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX). blos.coinbase.com...
Wow!!! If this is for real... $$$
Did Coinbase mean to tweet this...??? !!!Just got on my phone a tweet.
They deleted the tweet, but it said the following:
Coinbase started a thread:
Today we are announcing that we're exploring the addition of the following assets to Coinbase:
Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC and 0x (ZRX). blos.coinbase.com...
Wow!!! If this is for real... $$$
There is a trading opportunity to buy in ZECUSD Technical analysis:
. ZCASH/DOLLAR is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (164.00 to 142.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (164.00)
Ending of entry zone (142.00)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
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ZCASH: Following the footsteps of giants.ZEC has a historically high correlation with the price movements of Ethereum. With Ethereum looking ready break out of it's falling wedge vs. USDT and swinging positive vs BTC we expect a similar price movement from ZEC. We will be patient and only take this trade if it enters our desired buying area.
Buy: 172 - 180
Target 1: 192.23
Target 2: 218.4
Target 3: 248.1
Target 4: 274.8
Stop Loss: 155
ZEC - Fueling up the rocket shipAgain this is not a trading market, but I would like to call your attention to ZCash. It's one of my favorites alts for this post-BTC crash/next bull run. It has great tech and is one of the best known and respected privacy coins out there. Last spring/summer, ZEC exploded almost 7x in a couple months. Since that top, it has struggled to gain any ground. In fact, it has had a 100% retracement from when it started its run in February of last year. However, all hope is not lost. Bullish divergence can be seen on both the MACD and RSI indicators. And believe it or not, bullish divergence can be seen on the MACD since July of last year! I think this is a little rocket ship ready to take off and it's been saving itself for a whole year to make this next bull run count. We have had a couple crossover fake-outs on the daily MACD, but I think its time is approaching. Price action is currently in a falling wedge, which is near completion and is approaching support at .026. Despite this bullish pattern, TA patterns mean very little during a Bitcoin correction, hence why I am leaving you this disclaimer. Trade at your own risk, but if we clear that pink trend line I will be buckling up!
Swiss bank account in your pocket- Bitcoins true rivalZcash started as an alternative to Bitcoin; the Zerocoin protocol which was improved upon and launched as a Zerocash (ZCash) cryptocurrency in 2016.
-Backed by wall street: within direct access to the general public (now a financial investment product) and institutional investors.
-Technicals look incredible, sentiment is on the rise, positive catalysts occurring nearterm
-Featured in Forbes, Fortune and CNN
-Working with JPMorgan Chase to Integrate Zcash Technology To Its Enterprise Blockchain Platform.
-Predicted (speculation) to reach >$60000 by 2025
-fortune.com/2018/01/31/bitcoin-cryptocurrency-zcash-buy-invest/
-forbes.com/sites/laurashin/2017/11/09/zcash-investment-trust-launches-expanding-investor-options-for-cryptocurrency-exposure
-grayscale.co/zcash-investment-thesis/
Burst, Dymaxion- (PoC) with features of IOTA, ZEC, BTC+lightning-Proof-of-Capacity (PoC) algorithm that avoids the ASIC arms race that resulted from Bitcoin and other Proof-of-Work (POW) consensus algorithms.
The Dymaxion is the integration into Burst of a number of protocols and ideas already proven by other cryptocurrencies. This list includes the use of:
-Lightning Networks
-Tangle technology from IOTA
-Anonymity characteristics from Monero and Zcash
ZEC WILL GO OVER YOUR WILDEST TARGETS - JUST WAIT FOR IT - 10XThis is one of our favorite coins. We would definitely invest into it for medium to long term if we had patience.
Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
ZEC trade setup, nice bull flag/triangleWe all know what happened with ZEC after that fake pump it did a few weeks ago. Since the 300/310 support broke it made a big dump to the previous low. Now it seems the correction up is not over yet, has made a very convincing bullish triangle. Chances are very high it will break upwards, but there is a chance it will make a false break down first. That's why i drew both lines.
Don't forget to like
Previous analysis
ZEC thoughtsGemini Listing pre 'pump n dump', done. Is known how to move / how market reacts? Sat it out last week as I don't buy into green in the current market, especially for an exchange listing.
Future potential of coinbase listing?
~0.031 BTC looks like nice support which it is sat just above atm.
Chart looks alright
hopefully
Seen very little talk of ZEC recently, some chatter from a couple of twitter accounts but nm at all. There is a strong ZEC community but its pretty quiet for the most part. Really has potential this coin.
http < https
WAZZAZAZAZAZWAZZZUUUPP lol
Dan
(Same description as last ZECBTC just with more chart)
ZEC being dumped? Currently weak market - opinions?From what I can read from the charts, ZEC to BTC is indicating a weak market.
The volume is ridiculously high on the marked area (with text) which indicates there was a manipulation of the market (so called up thrust) where professional money dumped their holdings.
How can we see this? EXTREMELY HIGH VOLUME on NARROW SPREAD!!! With those volumes on green bars, the ZEC price should have flown up more than what it did. However it did not!, this indicates that there was plenty of ZEC being dumped for bitcoin!
The underlying market currently looks weak.
I have drawn out a [POTENTIAL buying area, but it should be of no surprise if the buy area breaks through and the prices fall even lower!
I would currently stay away from trading ZEC due to the lack of buy signals and lack of strength in the market.
If you have any questions or opinions, feel free to leave a comment.
If you agree leave a like :)
// Kingpersia