ZECUSD
ZCASH - Sleeping Giant (100% Gains)I am a budding FOREX/ CRYPTO trader, with much of my experience coming from trading CRYPTO markets since 2016. In my Full Trade Setups I provide the Market sentiment, Entry Strategies, Stop Loss and Target Points for the Category of trade I will be posting. Discussion section is included to point out to the Fundamental Outlook.
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Category : Mid Term --- Spot Trade --- ALTCOIN-USD Pair.
Entry : Enter now or Wait for Breakout of Wedge and retest.
Target Zone : 100 - 120$ $ (Weekly Resistance Zone)
stop loss : 1 whole body close below $65
Market Sentiment : Zcash has broken the long term dowtrend line and is forming a monthly scale cup and handle formation. The first ever halving is also around Sept-Oct 2020, so a strong front running of price is expected.
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Discussion : Given the BTC printed a bullish weekly HH disregarding most of the bearish case in coming months, this potential ZCASH setup with upcoming halving has high chance to play out.
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Do your own research. I only post trades I myself take. :) Enjoy.
ZECUSD Continuation & Consolidation patternI had to drill down to Hourly chart to see what is going on with Zcash. While the majority of the coins are going up, zcash is on the opposite trend. Zooming in, we are in a bullish setup where 1H is showing descending wedge, which is a bullish consolidation pattern, once this break to the upside, we can see upward of $87.
PULLBACK INFO AND BUY BUY BUY BUY BUY!!!!!Hello guys,
So this is the 4th post i will be making as i made post every 4days. The first 3 post i made was 90% accurate results as yesterday i mentioned about the pullback when it reach 70$ and in an instant it blew down
as stated on my post it will play around 65-67$ which is our buying period. Are you ready to go up to 80$ in a full swing???? BUY BUY BUY BUY!!!!!
Please let me know what you think!!!!!
Hitting 70$ but beware of the PULLBACK.Yes we reached our target and so far so good the 2 previous analysis i made happen.
For today as were expecting to hit 70 and i am sure we will be hitting if not today by tomorrow. We will be having a pullback at possibly 65-68$ range which will be another buy time for us before it blows to 100.
As you notice the chart going to 70$ its almost going beyond the parallel lines i made as a waypoint, with that said it i think it will have to pullback for the bulls to regain strength also to continue the run.
Let me know what you think on the comments!
Update on ZEC reaching 100$Hello guys,
So far so good on my previous post about reaching 60$ well we are here. Please see the charts and expect a strong wall on breaking 61.50-62$.
At this point Zec may be pulling back to 57-58$ to get some force to break 62$. On my theory it goes 3 times if it cant break ups and downs at 62$ price may go back to the strongest support which is 55$.
Cheers and let me know what you think
ZECUSD: Bullish Trend and How to Manage Profitable TradesThe price bounced from the support zone between the neckline of the Head & Shoulders chart pattern and SMA100. After that, we got a breakout above the right shoulder. What does it mean?
It means that the trend reversal chart pattern is not relevant anymore. The breakout above the right shoulder gave us a strong bullish signal.
I wrote in the previous post that it would be possible to buy based on the reversal from the support zone. If you opened long positions, now it is time to think about where to fix the profit.
The main target for buyers stays 65.00 resistance. It is the local market high, and buyers will try to reach it. At the same time, RSI is in the overbought zone. MACD histogram is going to reverse. Probably, we will see a pullback. It will be absolutely normal for the bullish structure. Just the price should stay above SMA100. If you have such an opportunity to fix the part of the profit, maybe it is a good idea right now. The rest part will be left for 65.00 target. It is possible to use a trailing stop as well.
But what is very important if you have your personal plan, you must follow it as it is.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Zcash / ZecUSD heading bullish to 100$Hello guys this is just my insight based on my observation on the charts and market.
Since we broken the 56$ or above the right shoulder. We are heading to 60$. before we get to the peak we need to hold the 56$ mark.
To prove this theory we cant do down 56$ or we will break the pattern. We still have the day to go up and down but since its broken the ice at 56$ i think it will hold if not it can recover.
We are heading at the right direction. If this theory proves to hold the said amount after chinese newyear will have a great boost in the market.
*this is just a theory and not proven. Your insights are well accepted comment below to share ideas.
ZECUSD: Trend Reversal Chart Pattern and Bullish SignalIf we look at the 4H chart, we will see the Head&Shoulders chart pattern. It belongs to a reversal group of patterns.
We need to get a breakout below the neckline, just in order to confirm this pattern. The price tried to break this signal line, but now we have a reversal from this line. It means that a strong bearish signal probably won't be developed into a further downward movement.
If so, the false bearish signal becomes a new bullish signal which will be able to confirm the continuation of the uptrend. For this, the price will have to move above the right shoulder.
If we talk about a possible buy opportunity, the price reversal from the signal line of the chart pattern can be used to open long trades. Stop orders for such trades must be placed below the local swing low. The profit targets should be at the right shoulder and 65.00 resistance.
If the price drops below SMA100, the trend reversal chart pattern will be workable again, and we should be ready to see the downward movement to SMA200.
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.
Shorting ZEC/USDT. Head and ShouldersIt looks like the market is ready for a bit of cooling and there is number of reasons for that. Firstly, most of the assets including the top coins, have reached the 200MA resistance line. Secondly, we can see the formation of double tops/divergence and other reversal patterns on many assets that were heavily pumped.
Why ZEC?
This asset looks most appealing to me as it was:
1) pumped more than others
2) has a nice risk-reward ratio
3) forming a classical head and shoulders pattern with a decrease in volume and divergence on RSI
4) has 50MA acting as weak support.
Strategy:
Enter short position at the price of 48.30 with the
1st take profit target of around 41.05, 2nd take profit level of 36.60.
Stop-loss above the 50MA (as soon as it will become resistance.)
If you want to monitor the strategy update, smash the like button and follow the profile and the idea!