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ZECUSDT

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.
Long
by Booming-Crypto-Ideas
3
$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
Long
by TradingOn
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.
Long
by BitonGroup
10
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!
Long
by trytofeelpositive
8
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.
COINBASE:ZECUSDLong
by TokenPigeon
6