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ZECUSD

ZECUSD is getting bounced from the strongest support lineHey, friends hope you are well and welcome the new update on Zcash (ZEC) coin. By the grace of Allah the most high my previous idea has been executed exactly as per defined targets: Now on the weekly chart the priceline is having very nice bounce from 25 and 100 simple moving averages moreover the 25 SMA also has formed bull cross with 100 simple moving average. The 200 SMA is at $135 that can work as strong resistance as well. On daily chart the priceline is moving in down channel since 1st Aug 2020. Now finally the priceline is closed above exponential moving averages with the time period of 10 and 21. The EMA 10 and 21 also have formed bull cross that can lead the priceline of Zcash to breakout the resistance of this down channel as well. Volume profile of complete channel showing no interest of traders below $51 and very less interest above $80. Therefore a movement upto $80 is confirmed and there will be less chances to break down the support. As we have seen earlier that the priceline of ZEC is getting bounced from the 25 and 100 SMAs on the weekly chart and also closed above the EMAs 10 and 21 on daily chart and likely to break out the resistance of the down channel as well. In the meanwhile, it has also formed the most significant bullish move and that move is the price action has reached the support. And this is the most strongest support since Nov 2019. We can observe that after reaching at this support the priceline 1st rallied 186% then 209%. At this time we can again expect another powerful bullish move again. Conclusion: Even though the priceline is having a very nice bounce from the long term support on weekly chart, however, we should use this support as stop-loss as well. If the next bullish rally will be started from here (as it seems to be) then a move up to 200 SMA can be expected that is at $135 at the time of writing.
BITFINEX:ZECUSDLong
by moon333
Long ZEC: Initiating uptrendWeekly: After a bullish divergence there is a first high, and then we see a finger pattern, that downwick which shows a price rejection. After that a low is formed, and price is rising again. The downtrend has clearly been broken and I suspect a move up to a new higher high. The target would then a higher high between 100 and 113. It remains to be seen what the strength is, but I will take some profit at least around the lower area of this target zone. Stochastic RSI is coming from a oversold condition and supports the idea of an upmove. If the trend is just strong and healthy, I will stay in the trade and add to pullbacks. But then a new analysis will be posted. Daily: Afther the bullish divergence, there is a first high here as well, and then a first low that bounced on the EMA. Now it seems the uptrend is in play on this time frame as well. Price will probably be hovering between the value zone (EMA's) and +1 ATR. MACD-Histogramd and EFI are rising, as is Stochastic RSI. The stoploss will be a bit below the latest lows, around 2 ATR levels away. Entry: I will try to enter the trade in parts, in the price zone of 64-65. Stoploss: 51.85 Target 1: 99,98 Target 2: 113 R/R ratio: 1:2,7 / 1:3,7
BITFINEX:ZECUSDLong
by Tornado_Trading
ZECUSD H4: BEST level to SHORT IT 30%+ gains(SL/TP)(NEW) Why get subbed to to me on Tradingview? -TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates ZECUSD H4: BEST level to SHORT IT 30%+ gains(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. Tagged as LONG because I expect short-term gains before reversal at/near 73 USD (BEARS). 🔸 Summary and potential trade setup ::: ZECUSD 4hour chart review/outlook ::: currently price is stuck in range ::: H*S setup in progress now ::: LS=RS=66 USD HEAD at 73 USD ::: neckline re-test near 52 USD ::: BEARS get ready to SHORT HIGH ::: that's where you want to SHORT IT ::: 73 USD - HEAD of H*S pattern ::: initial target BEARS is neckline ::: 30% gains possible in this setup ::: shorting near range highs makes sense ::: short-term bullish / more upside ::: 73 USD heavy resistance / SHORT IT ::: TP BEARS is re-test of neckline ::: 30% gains on sell side for BEARS ::: recommended strategy: SHORT IT / SHORT rips/rallies ::: ENTRY NEAR 73USD SL 4% TP1 20% TP2 30% // 52 USD ::: correction not over yet ::: good luck traders! ::: SHORT and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9/Combo update: N/A ::: Sentiment mid-term: BEARS/52USD ::: Sentiment outlook short-term: BULLS
BINANCE:ZECUSDLong
by ProjectSyndicate
6
Zcash: Possible Buying OpportunityThe price is at the support zone formed by 56.00$ and SMA200. Now it is the key support zone for the buyers. If the price can stay above this support, we should be ready to see a new upward movement toward the previous market high. If the price breaks the support zone, we will see the further downward movement toward 20.00$ support. As for now, we can try to catch a possible upward movement using the current position of the price. The price is above the support zone and we have reasons to open a long position. The trading idea is based on the price reversal from the support zone. The long trade has the following entry and exit points: Buy above 58.50$ Stop below 48.50$ Profit Target at 98.50$ Risk per trade must be no more than 5% of the capital. Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
BITFINEX:ZECUSD
by DLavrov
4
ZECUSD W1: BEST Level BUY/HOLD 300%+ gains (SL/TP)(NEW) Why get subbed to to me on Tradingview? -TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates ZECUSD W1: BEST Level BUY/HOLD 300%+ gains (SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: ZECUSD week/candle chart review/outlook ::: long-term accumulation in progress ::: BULLISH falling wedge on weekly TF ::: throwback stage now not complete yet ::: mid/long-term SUPER BULLISH OUTLOOK ::: super strong chart bullish outlook ::: short-term more downside expected ::: accumulation mid range will get re-tested ::: required now before bull run can resume ::: BULLS should get ready to BUY PULLBACK ::: we are setting up for a strong move ::: within next few weeks max (3-6 weeks) ::: recommended strategy: BUY LOW 36/38 USD ::: TP BULLS is 250/350% gain BUY/HOLD setup ::: SWING trade setup / no fast gains here ::: BUY/HOLD / do not expect miracle gains ::: SL is 20% max ::: good luck traders! 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9/Combo update: N/A ::: Sentiment mid-term: BULLS/PRZ/REVERSAL ::: Sentiment outlook short-term: BEARS
BITFINEX:ZECUSDLong
by ProjectSyndicate
28
ZECUSDT Looks Really Strong 100% Growth PotentialWe have seen a good rally in ZEC Since its major drop in march as of now it has turned its previous high of Feb into a support now after making a new Higher High in Aug as compared to Feb with Higher Low which indicates a good bullish momentum. The price are trading above EMA 50, 100, 200 on Daily Time frame and it adds another boost to its momentum. RSI and MACD are also Showing good signs of Upward Trends. The potential TP's are marked in the Chart. TP1 - 110 TP2 - 150 TP3 - 175 Open SL Manually Daily Close below EMA100 This is not a financial advice. DYOR Thanks Aanuj Tated.
BITFINEX:ZECUSDLong
by aanuj.tated16
ZEC/BTC (Major Support Tested?)BINANCE: ZECBTC -Zcash tested the previous resistance and support area at 5200 sat -We can see multiple candle rejections in this zone -This is a Bullish sign but not yet confirmed -We need to see a break of the trendline resistance -To confirm that the downtrend is likely over -And the dominant trend will continue higher -Not financial advice, please exercise proper risk management ^Trading involves High Risk ^Not Financial Advice ^Please exercise Risk Management **If you like my daily Published Ideas **Please don't forget to leave a thumbs up & comment **Thank you! :)
by PolarHusk
2