ZECUSDT
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.
ZECUSDT Technical Analysis⏳ Spot
💎 ZECUSDT has been making HHs and HLs in the ascending channel. Right before the major resistance we see several green candles which indicates the price has the potential to pump and after the retest and pullback continues the bullish move.
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🎳 Entry/Pullback now or from 267.2 - 237.5
☕️ TP1 293.6
🍺 TP2 319.3
🍻 TP3 345.7
🍾 TP4 372.8
🍷 TP5 400.0
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 237.5 - 216.2
Good Luck 🎲
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💡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 62.
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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💡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
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Zcash (CRYPTO: ZEC) Gearing Up For A Mega-Move To New Heights!🤑Zcash is a digital currency, or cryptocurrency, like Bitcoin. (In fact, Zcash was built on the original Bitcoin code base.)
It was conceived by scientists at MIT, Johns Hopkins and other respected academic and scientific institutions.
You can use Zcash to buy goods and services — it's fast and confidential, great for payments — or you can exchange it for another kind of money, including US dollars, Euros or another fiat currency.
A major difference between most cryptocurrencies and traditional money is that every transaction is tracked and managed on a decentralized, public blockchain, instead of by a centralized institution, like a bank. This means you truly own your money.
Privacy within your control
Most cryptocurrencies expose your full transaction history and holdings to everyone, but shielded Zcash transactions are completely private.
Like Bitcoin, Zcash transaction data is posted to a public blockchain; but unlike Bitcoin, Zcash gives you the option of confidential transactions and financial privacy through shielded addresses. Zero-knowledge proofs allow transactions to be verified without revealing the sender, receiver or transaction amount. Selective disclosure features within Zcash allow a user to share some transaction details, for purposes of compliance or audit.
Zcash also allows for transparent transactions, which are completely interoperable with shielded addresses.
Efficient and usable
Use Zcash as a fast and reliable, inexpensive means to send money or digitally purchase goods and services. It is supported by top exchanges and wallets.
Audit- and regulation-friendly
Private addresses and transactions can be disclosed by Zcash users for information sharing, third-party audits or to comply with regulatory requirements.
Decentralized and attack-resistant
Zcash is decentralized and maintained by a wide network of people and machines, instead of a centralized entity, like a bank or government. There is no central database to be hacked and no single point of failure. There is no authority that can shut it down or prevent its use.
Private addresses & transactions
Privacy is built into the core of Zcash, allowing people to send and receive Zcash without disclosing the sender, receiver or the amount transacted. Privacy allows good people to transact safely over digital mediums. Transparent addresses and transactions are also available.
ZECHi,
zec movement is little slow but moving upward. Last ATH was in month of May and after that significant move is pending.
the triangle has been formed and hoping to break soon.
the targets have been identified as per Feb retracement.
Expected long term ROI is very good.
This idea is for educational purpose only.
Please feel free to write in comments. Thank you.
Good Luck :)