ZECUSD
Breakout Feels Imminent for ZECThere has been bullish divergence between ZEC price and momentum going back 18 months and it seems to finally be breaking up sustainably into bullish territory. ZEC tends to move slower than others in the space, but I could see it moving upward with some real weight behind it along with others in the privacy space along with XMR and DASH. Projecting the last cycle's bars, feels like a 2x-5x could be possible over the course of a few months here.
Entry: 65
Target: 120 - 250
Stop: 50
Zcash: Strong Support Zone at 56USD and How to TradeIf we look at the 4H timeframe, we will see the bullish market correcting the previous upward movements. The price is not far from a solid support zone formed by SMA100, SMA200, 56.00USD support level, and the daily trend line. It looks like we have all reasons to expect the price reversal from this zone and a new upward movement in the direction of the main trend.
If the price reverses from this zone, we will have a possible buying opportunity. Here is an example:
Buy above 56.15USD
Stop below 53.55USD
Profit target at 63.95USD
Risk per trade must be no more than 3-5% from the capital.
If the price breaks the daily uptrend line, we will have to think about a new trading idea.
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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.
#12 - ZEC/USDTTrade opened today @ 56.69.
5 previous closed cryptotrades :
#7 : THETA/ BTC : Stopped : - 10.88 %.
#8 : REQ/BTC : Stopped : - 14.86 %.
#10 : MATIC/ BTC : Stopped : - 5.78 %.
#9 : ZEN / BTC : 1st half position return : + 11.52 %.
2nd half position return : + 1.21 %.
#11 : ENJ/BTC : 1st half position return : + 17.22 %.
2nd half position return : + 2.34 %.
Zcash: Bullish Trend and How to Join ItWhat do you think about such a long trade?
The price is moving upward in the bullish trend. SMAs support the upward movement, and reversals from them give signals for buying. MACD and DMI are bullish.
We should be ready to see a correction movement below SMA50 to a strong support zone. It is formed by SMA100, SMA200, and 50USd level. The price reversal at this zone will give an opportunity to join the uptrend.
Of course, this trading plan can fail if Bitcoin continues the downward movement and the support zone in this chart won't be able to stop sellers. That's why we have to use the stop orders below the support and don't invest all money in one market.
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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.
Trading idea on ZEC/USDHello, traders.
Zec recently broke an important resistance level, but the chart looks like it will be sideways for a few more days, so we must pay attention to this important support level to buy this asset.
The target is the next important resistance level.
Will follow BTC next movement, be careful.
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Zcash bullish accumulation pattern above support level.Hello Traders,
Here is a simple and quick analysis for ZEC BTC who made a bullish accumulation pattern above an important support level, our indicator shows us that we still on bullish momentum.
The target is the next important resistance level and stop-loss must go below the support level.
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ZECUSD, Bearish in mid-termZEC rejected from top of falling channel and broke out of mid-term rising channel. I expect it to test long-term bottom again and could go for bottom of bearish channel if $26 does not hold.
If we see a bullish breakout from longterm channel $75 will be my target as range high.
ZECUSD: Analysis using Ichimoku 30/06/2020H4
On D1, the cloud is directing upward, indicating an uptrend.
Conclusion:
Locally, we recommend buying when the RSI reaches an oversold level on the H4.
H1
At H4, the cloud is directing downward, indicating a downtrend.
Conclusion:
Locally, we recommend selling when the RSI reaches an overbought level on the H1.
ZECBTC UPDATE 990410ZECBTC UPDATE 990410
The probability of a fall is higher, but eventually the numbers 61 and 65 will be seen.