💡Don't miss the great buy opportunity in ZECUSD @ElectricCoinCoTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (233.8).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ZECUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 268.2
TP2= @ 288.3
TP3= @ 345.7
TP4= @ 379.7
TP5= @ 406.4
SL= Break below S2
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Zecusdlong
ZECUSDT , We ready to break this zoneHello everybody
In these days in social media we are listening more about the grow of Zcash or ...
We see that the new one traders or invester that entrance in these in crypto market need help and need analysis of this privacy coin
According to the chart you can see there is a heavy resistance in their way of the price , and it need to break it and then can grow up more to and reach to the new target , in this daily analysis we have heavy momentum of the movement and we expect the price can break this resistance and can reach to the new target that we shown it , but this is daily , you should check the chart in lower time frame like 4h hours or 1 hour time frame to take signal then entrance in position
( Signal :See the trend of the movement price that accept that grow it can happen or have high chance for growing )
If you have any question just ask us in private and send Hi , our team answer you as soon as possible
Dont forget use stop loss and observe money management
Good Luck
Abtin
ZECUSDT Major Resistance Breakout!!ZECUSDT (1D Chart) Technical analysis
ZECUSDT (1D Chart) Currently trading at $183
Buy level :Above $180
Stop loss: Below $140
TP1: $215
TP2: $250
TP3: $305
TP4: $375
Max Leverage 2x
Always keep Stop loss
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ZecUsd- Higher after triangle's breakOctober was a very good month for Zec holders, with the price rising 90% from the bottom to the top.
After reaching 189 high, ZecUsd has started to correct and consolidate gains and we can clearly see a symmetrical triangle on our chart.
I expect continuation after the break and 230 zone resistance can be the target
A drop under 150 would negate this scenario
ZECLooking like this correction is about finished. We should start 5 up soon IMO. ZEC has been beaten down by the bears for too long.
ZECUSDT - Next Target?ZECUSDT(1D Chart) Technical analysis
ZECUSDT(1D Chart) Currently trading at $172
Buy level :Above $175(Buy after Breakout)
Stop loss: Below $1136
TP1: $206
TP2: $253
TP3: $306
TP4: $372
Max Leverage 2x
Always keep Stop loss
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
ZECUSD : Possible breakout shortly. Namaskar,
I can see a promising breakout in ZECUSD today. But, do not hurry to enter into trade. If ZEC closes above 195 USD on a daily chart then you should enter into the trade for a long-term position.
I think USD 285 target would be achievable within a month also.
Let' see.
Zcash/USD - Private, Promising and Persistant!Zcash was built on the original bitcoin codebase in 2016 and was created by professionals from a variety of institutions, for one: MIT scientist John Hopkins. Zcash is similar to many cryptocurrencies, the main difference being its privacy feature, in which Zcash transaction data ARE posted on the blockchain but AREN’T revealing of user’s wallet addresses.
FA:
- A common misconception about bitcoin is that it is anonymous, although criminals using bitcoin to transact may be slightly harder to trace, they are by no means untraceable. On Zcash “Zero-knowledge proofs allow transactions to be verified without revealing the sender, receiver or transaction amount.”
- Zcash is one of the early privacy coins, gaining massive amounts of attention in the 2017/2018 bull run where investors tried to get Zcash back to its $30,000 all-time high price point. It still sits relatively high ranking just outside the top 50.
- 21 million total supply with 11.5 million coins in circulation. The 21-million-coin supply is identical to that of bitcoin, a tested model that seems to be working perfectly as demand grows and supply diminishes.
- Zcash also shares another major similarity. In November of 2020, Zcash undertook its first halving. A halving is when the available supply of coins that is getting mined out of each block is, as per the name: cut in half. This means that miners receive half the Zcash for the same amount of effort, over time this will lead to supply shortages and the demand stays the same or increases the price will surge.
- Zcash is on Grayscale Investments, the most well-known investment fund that supports cryptocurrencies. Zcash was one of the first five cryptocurrencies added to the fund by Grayscale and still remains there amongst less than ten cryptocurrencies to this day. This is big news! For a massive company like Grayscale (with over $30.4 billion AUM) to have the confidence to hold Zcash on this trust shows us how the big money is thinking and proves to us that Zcash is not going anywhere.
- The Electric Coin Company (creators of Zcash) seem to be focused on the product they provide rather than exchange listings and price etc. I see this as a positive thing in the long term due to the fact that there is much competition in the privacy coin space and in order for Zcash to stand out (not just in short term price, but when it comes to mass adoption) it is all about fundamentals.
TA:
- Erratic volume spikes, showing that people are still potentially upset with Zcash as it is still infamous for its unbelievable drop in 2016 and 2018 (where people thought it was going back to its 2016 ATH and were caught off guard).
- Possible short-term fractal Identified. After the fractal plays out, we could see some continuation further towards the 2018 ATH.
- Currently breaking above a two-year-long resistance point, no reason why we won’t see a successful break and R/S flip here especially with money following out of bitcoin and into altcoins and the total market cap gaining tens of millions daily.
- Massive potential, with an ATH of over $30,000 (157x). Although it is impossible to guess as to whether it will return to this point, theoretically, if it’s been there before it could go there again.
- On a smaller time, frame such as the four hourly, we can see that Zcash has entered an ascending channel.
- A large amount of resistance before even the 2018 ATH, however the similarities to bitcoin, unlike some other privacy coins, might pull new bull market investors toward Zcash rather than rivals like Monero.
And remember guys, the longer an asset is on the ground - the higher it will stand up!
Buy Big Sell BIGGER -MegaWhale.
ZECUSDT just started to move privacy coins ZEC, DASH and XMR just started to their trip to the old days. When you look at the whole market even shitcoins and every new DEFI coins and mostly all big coins except privacy ones pumped huge. now the time came to the old giants. EOS, IOTA and ETC also started to move up strongly. For ZECUSDT when you look at the graph, we are already above the support trendline and today partly tested resistance line. above 127-130 usdt is totally open area and can move up more quickly over that numbers. so its better to put SL to the red line and to wait for real fly with the volume