Zcash vs Tether Bullish Hammer (90%+ Potential)We have hammers everywhere here... A bullish candle based on candlestick charts.
Notice the blue down trendline being broken today.
At the same time we have a bullish RSI as we go above EMA10.
I did it all for you once again.
Here we have the targets (in yellow) and support (in blue)...
Thanks for the support.
I am wishing you a prosperous week.
I hope you can achieve your goals.
If you are looking for money, I hope you make money.
If you are looking for freedom, I hope you gain freedom.
If you are just looking for entertainment, I am hoping that you are being entertained.
Thanks a lot for reading.
I've reached the limit for today.
Namaste.
ZECUSDT
ZECUSDT - Bull flag pattern long positionZECUSDT Pair
The chart shows a bull flag pattern with a breakout and support retest.
For further continuation of growth, Bitcoin FLAT is also suitable for us!
Goals are indicated on the chart ☑️
Deal (SPOT) - Medium-term
ZECUSDT - Bull flag pattern long position
zecusdt zecusdtperpIf the monthly candle is also closed
Depending on the style of supply and demand, there are two important levels of return that are indicated by a rectangle.
And the figure on the right shows the fractal that we are completing monthly
It is better to look for return signs at 75 and 61 prices
Zcash versus Dollars on the Pononiex Crypto Altcoin ExchangeSupply side will dry up when the Electric Coin Company confirms the conversion to Proof of Stake
Proof of Work miners will be triggered into Holding their coins in order to claim stakes in the future, rather than liquidating them on the market
Zcash will also roll-out an upgrade to Have Transaction Privacy by Default, transparency as an opt-in feature
Lastly the Breakthrough protocol upgrade to RZKSNARKS - Recursive Zero-Knowledge Succinct Non-Interactive Argument(s) of Knowledge
3,550 new zcash emitted daily, inflation by % is 11, inflated global 24-hour volume remains near 250-400 million dollars
the current circulating supply is 11.7 million ZEC, by the end of the year it will be 12 million
Price Target is $990 to $1770 within 90 days
ZEC is Approaching Near to Multi-Year SupportThe Back Ground and Multi-Year Trend Line
After making an ATH of 370$, it shed almost 77% of its gains, a massive downward move. It almost loses 92 of value which is gained in the bull run. And after that, in the next attempt, it again touches the 305$ level, and history is repeating itself; it's near to shed 92% of its last bull run gains. On the downside, a multiyear well-established ascending trend line holds the price upward, and the price is rejected from this level five times, which proves its strength. Furthermore, RSI is near the oversold level, and it bounces back every time it comes to this level. Lastly, it's trading within a wedge, and the price is hovering near the support zone.
Point:
Price reaches the multiyear support, which is also a lower level for the wedge. RSI is hovering near the oversold level, and every time in the past, we see a bounce back from this level, and the bull run starts from here.
Pay Attention
It will be a good buying opportunity when the price visits the 0.40 level but pay close attention to the daily close; it should not breach the lower level. Rejection and its confirmation from this level open the doors for a new medium-term bull run that leads the price to TP1 (280$)
Risk / Reward and Holding Period
On the downside, the only risk is BTC breaking below $40K that can pull the price of ZEC below its multiyear support line. Instead of stop-loss DCA is recommended @ 80$, well there are few chances that it falls to this level. Hold it for atleast one quarter to get Return where the first target is 280$
It is not financial advice; always do your research.
Please, feel free to ask your question; write it in the comments below, and I will answer.
TORN Tasty Short OpportunityReady to take a dive. Momentum is in favor of the bears this is the bulls last rally.
$ZEC/USDT 3D (Binance Futures) Adam & Eve breakout and retestZcash is pulling back towards 50MA support where it is very likely to bounce and resume the up-trend.
Current Price= 171.00
Buy Entry= 170.90 - 153.90
Take Profit= 227.44 | 305.44 | 420.52
Stop Loss= 129.65
Risk/Reward= 1:2 | 1:4.38 | 1:7.91
Expected Profit= +40.14% | +88.19% | +159.10%
Possible Loss= -20.12%
Fib. Retracement= 0.618 | 1 | 1.414
Margin Leverage= 1x
Estimated Gain-time= 7 months
Website: z.cash
Contracts:
#Mainnet
#BEP20 0x1ba42e5193dfa8b03d15dd1b86a3113bbbef8eeb
#BEP2 ZEC-93E
Zcash (ZEC) Analysis Updated 07/03/2021this is an update of Zcash Analysis which we did on 01/02/2021
as we can see our Hidden Bullish Divergence Implemented, price made a rally and higher high, touched the TP Zone Green Box, where we had our 161.8% level Fibonacci projection Triggered.
price corrected itself and retraced down to the past ATH and Top of our Ascending Channel, so we got our confirmation for the 261.8% level of the same Fibonacci Projection, which is our new higher TP (250USD)
as of now we have total of 3 targets where the 1 TP is the 161.8% of the same Fibonacci Projection where it is very obvious and 2 TP is also well confirmed now.
we can target the 3 TP (315USD), after a retracement from 2TP or if the Bull pressure was high, we can simply Trill our Stop Loss and target our ultimate Target.
i have linked the previews analysis too.
ZECUSDT AnalysisHello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: market and lower
target: 185 - 220 - 260
after first target reached move ur stop to breakeven
stop: im w/o stop (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
ZECUSDT Triangle formation!ZECUSDT (1H Chart) Technical analysis update
ZEC/USDT currently trading at $153.9
zec forming symmetric triangle in 1h chart, if triangle breakout we can expect up move in zec.
Buy level: Above 154.5 (only buy after symmetric triangle breakout
TP 1: $158
TP 2: $163
TP 3: $170
TP 4: $180
Stop loss:$146
Max Leverage: 2x
ZEC to $600+! ZEC appears to have completed Elliot Waves 1 & 2 under the 5-Wave Elliot Theory and has begun its ascent in Elliot Wave 3. After using the Trend-Based Fib Extension to calculate potential target prices for Elliot Wave 3 based on Elliot Waves 1 & 2, you can see that ZEC recently wicked at the 0.618 Fib Level ($302.00), and then retraced exactly to the 0.382 Fib Level ($220.00). After retracing to the 0.382 Fib Level, ZEC has just formed a double bottom, which is a bullish reversal indication. Other indicators also look bullish, as the Relative Strength Index (RSI) is only around 40, and yet On Balance Volume (OBV) continues to increase each day. In addition, ZEC's move to Proof of Stake will be a huge catalyst in ZEC's price reaching new highs, as ZEC holders and miners will now be incentivized to hold their ZEC as opposed to liquidating ZEC for other cryptocurrencies.
Within the next 90 days, I expect ZEC to approach the 1.618 Fib Extension Level at $628.00. Once ZEC hits this target, I will make an updated post to predict the next potential targets for ZEC.