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ZECBTC

A Great Trading Opportunity to Buy in Zcash / Bitcoin ...Technical analysis: . ZCASH/BITCOIN is in a Range Bound and Beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 77. Trade Setup: We opened 9 Buy trade(s) @ 0.03571511 (day close price) based on 'Valley' at 05.14.2018 signaled by our "Daily Trading Opportunity". 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. Take Profits: TP1= @ 0.043 TP2= @ 0.052 TP3= @ 0.062 TP4= @ 0.075 TP5= @ 0.093 TP6= @ 0.111 TP7= @ 0.137 TP8= @ 0.170 TP9= Free
Long
by ForecastCity
6
ZCash analysisAs seen by the Fib retracements ZCash is really suffering from heavy resistance, as well as several negative technical signs. Add in news about the Bitman Z9 being on the market soon and the fork drama unfolding on the ZCash forums I believe Zcash would be a bad hold right now. It would be healty for ZEC to retest the bottom and either form a double bottom signaling a price strength confirmation, or break through and create lower price. If the ZCash community is divided and a highly contentious chain split/hard fork the price could plummet. I believe the risk to reward ratio for ZEC is unacceptable and will be looking towards ETH or NEO instead. Due to the aforementioned reasons I will be selling all my ZCash as soon as I can at a somewhat decent price. I am not a financial advisor and this is not financial advice, just personal opinion.
Short
by UnknownUnicorn2406595
1
ZCASH ZECBTC 1H DOUBLE PITCHFORK STRATEGYStep #1: Draw the double Pitchfork channel The first thing that we need to pay close attention is how we select our swing points. We only want to choose significant swings on the Zcash chart. Once you locate the four swings, merely use the Pitchfork indicator to draw the double Pitchfork channel. There is a simple reason why we use two Pitchfork channels. Our team at TSG has discovered that the Pitchfork indicator has limited power in forecasting future price movements. However, by using this simple trading trick to combine two Pitchfork indicators together, we eliminate a lot of the drawbacks that come with this unique technical indicator. Step #2: Wait for Zcash price break above the 1st Pitchfork channel At this stage, if the two pitchfork channels overlap don’t get confused about it. The 2nd pitchfork is darker color. Wait for the Zcash price to break above the 1st pitchfork channel. We want to see a big bold breakout candle that closes above the 1st Pitchfork channel. Step #3: The Zcash price needs to trade below the median line (2nd pitchfork channel) on a closing basis. The median line of the second pitchfork channel needs to hold the upside and provide us with strong resistance. As a general rule, as long as we trade NEAR the median line, we’re good to go even if for a brief period of time we still break above the resistance line. Most of the time, the Zcash price will gravitate towards the median line back and forth, so we need to take that into consideration if we want to trade cryptocurrency strategies successfully. Step #4: Buy at the market or stop order as soon as we break below the 2nd Pitchfork Channel bottom support line. How to buy/sell Zcash is simple. With our entry technique, we sell at the market or stop order when we break below the 2nd Pitchfork Channel bottom support line. The advantage of this cryptocurrency entry strategy is that we sell when the momentum is in our favor. Step #5: Place protective Stop Loss above the 2nd Pitchfork Channel median line One of the most important things in trading is risk management. So, don’t forget to place your protective stop loss in order to minimize the potential losses. After you sold Zcash ZEC, make sure you add your stop loss order above the 2nd Pitchfork channel median line. Step #6: Take Profit when we touch the median line of the 1st Pitchfork Channel or according to your trading plan Our take profit strategy for successful cryptocurrency trading is easy to implement. We don’t want to take premature profits, but we also don’t want to give back our hard earned profits either. In this regard, we take profits when Zcash price reaches again the median line of the 1st Pitchfork channel or according to your trading plan. Note** the above was an example of a SELL trade using the Zcash cryptocurrency trading strategy. Use the same rules for a BUY trade – but in reverse.
Short
by Tradingstrategyguides
1
ZEC - Inverse Head and ShouldersZEC has a inverse head and shoulders pattern forming as it approaches a major support line which has been crucial for the start of its uptrend in April. If it holds, we should see a reversal in the price action back to the neckline and hopefully further. Based on the head height, I have a set target price of .036. Bullish divergence can be seen on the MACD and RSI, also indicating a change in momentum from the bears to the bulls. Lots of potential with this coin.
by jpbrown1023
ZCASH (ZEC) POSSIBLE BREAKOUT? Keep an eye on this!ZEC is looking great, symetrical triangle with no hidden bearish or bullish divergence. How are you able to profit of this trade? Just follow the price! Look for a bearish or bullish breakout, its a very easy TA to do for beginners. Keep an eye open, if the volume increases and a breakout is happening, short or long, depending on the side of the breakout. I also added a possible elliot wave, however this wave looks off since it doesn't follow the "right" trend. So i don't think we are in a correction yet, but that this is simply the first, extended, elliot wave. The ZECBTC chart is looking great too, it looks like it has hit a double bottom and wants to go up on the daily chart, and on the hourly chart we can see a symetrical triangle with hidden bullish divergence using RSI. Profit level: 411 dollar (.382 fib retracement) Buy in level: breakout Follow and like this chart for live updates regarding breakout! You're an adopter, you deserve this.
BITFINEX:ZECUSD
by JaimeKing