ZECUSD is getting bounced from the strongest support lineHey, friends hope you are well and welcome the new update on Zcash (ZEC) coin.
By the grace of Allah the most high my previous idea has been executed exactly as per defined targets:
Now on the weekly chart the priceline is having very nice bounce from 25 and 100 simple moving averages moreover the 25 SMA also has formed bull cross with 100 simple moving average. The 200 SMA is at $135 that can work as strong resistance as well.
On daily chart the priceline is moving in down channel since 1st Aug 2020. Now finally the priceline is closed above exponential moving averages with the time period of 10 and 21. The EMA 10 and 21 also have formed bull cross that can lead the priceline of Zcash to breakout the resistance of this down channel as well.
Volume profile of complete channel showing no interest of traders below $51 and very less interest above $80. Therefore a movement upto $80 is confirmed and there will be less chances to break down the support.
As we have seen earlier that the priceline of ZEC is getting bounced from the 25 and 100 SMAs on the weekly chart and also closed above the EMAs 10 and 21 on daily chart and likely to break out the resistance of the down channel as well. In the meanwhile, it has also formed the most significant bullish move and that move is the price action has reached the support. And this is the most strongest support since Nov 2019. We can observe that after reaching at this support the priceline 1st rallied 186% then 209%. At this time we can again expect another powerful bullish move again.
Conclusion:
Even though the priceline is having a very nice bounce from the long term support on weekly chart, however, we should use this support as stop-loss as well. If the next bullish rally will be started from here (as it seems to be) then a move up to 200 SMA can be expected that is at $135 at the time of writing.
ZECUSDT
ZEC.12h. Purchasing zone $42.5.In half a year, one of the old crypto coins ZEC made x6 .
The only significant news on the horizon of ZEC is the mid-November halving.
It seems that ZEC is traded only by those who mine it and then sell it on the market.
Perhaps, they will be interested in this idea.
Now, we assume a fall of ZEC price to $42.5.
And from this level, we can expect a rebound to $75 , in anticipation of halving.
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ZEC/USD will rise!!!I see a bullish gartley pattern and expect a pull back to 55.85 for Zerocash. If it breaks yellow resistance in a bullish way, it can continue to its grow.
Targets:
-55.85
-58.7
-61.55
-63.30
Stop loss:
51.10
Have a nice day,
Berk.
ZEC trade setupZEC Halving coming in 47 days. Privacy coins narrative is coming back this quarter with people wanting their security back.
1. I will wait for more candles to see if $ZEC has really broken out of the resistance or whether it falls back into the wedge
2. $ZEC is forming a bullish flag with AB=CD and possibly it could stay above the resistance line for longer and converting the resistance into a support line.
3. Weekly Chart for $ZEC is very bullish - so it looks like its up for a 2x moonshot on weekly chart.
ZECUSD W1: BEST Level BUY/HOLD 300%+ gains (SL/TP)(NEW) Why get subbed to to me on Tradingview?
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ZECUSD W1: BEST Level BUY/HOLD 300%+ gains (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: ZECUSD week/candle chart review/outlook
::: long-term accumulation in progress
::: BULLISH falling wedge on weekly TF
::: throwback stage now not complete yet
::: mid/long-term SUPER BULLISH OUTLOOK
::: super strong chart bullish outlook
::: short-term more downside expected
::: accumulation mid range will get re-tested
::: required now before bull run can resume
::: BULLS should get ready to BUY PULLBACK
::: we are setting up for a strong move
::: within next few weeks max (3-6 weeks)
::: recommended strategy: BUY LOW 36/38 USD
::: TP BULLS is 250/350% gain BUY/HOLD setup
::: SWING trade setup / no fast gains here
::: BUY/HOLD / do not expect miracle gains
::: SL is 20% max
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BULLS/PRZ/REVERSAL
::: Sentiment outlook short-term: BEARS
ZECUSDT Looks Really Strong 100% Growth PotentialWe have seen a good rally in ZEC Since its major drop in march
as of now it has turned its previous high of Feb into a support now after making a new Higher High in Aug as compared to Feb with Higher Low which indicates a good bullish momentum.
The price are trading above EMA 50, 100, 200 on Daily Time frame and it adds another boost to its momentum.
RSI and MACD are also Showing good signs of Upward Trends.
The potential TP's are marked in the Chart.
TP1 - 110
TP2 - 150
TP3 - 175
Open
SL Manually Daily Close below EMA100
This is not a financial advice.
DYOR
Thanks
Aanuj Tated.
ZEC/BTC (Major Support Tested?)BINANCE: ZECBTC
-Zcash tested the previous resistance and support area at 5200 sat
-We can see multiple candle rejections in this zone
-This is a Bullish sign but not yet confirmed
-We need to see a break of the trendline resistance
-To confirm that the downtrend is likely over
-And the dominant trend will continue higher
-Not financial advice, please exercise proper risk management
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Zcash can give us %30 Profit with just Fibo levels + 50/200 MASometimes we focus on too much details and forgot basic fundementals..
- Here we have 200 days MA work as good support. The last time price go below 200 MA was in 10th March took just 1 month.. 200 days moving average is key level for ZEC.
- Sto RSI started to turn out positive
- Price was at the highest $102,74 on 6th August ( Top price)
- Price was at the lowest $56,77 on 3rd September ( possible bottom)
I setup Fibonacci on these levels and i noticed Fibo 0.5 level was equal to 50 days moving average. I think we may sell some sell opportunutiy here.
- We can gain possible %30 profit from $61 to $76 .
Risk reward ratio is 2.75
Stop loss level i put $50.56
Please read this first !
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.
Regards
ZECUSDT AnalysisAs you can see on the chart EngineeringRobo and I are neutral at the moment.
If you are currently holding ZEC at the moment, hold and pay close attention to EngineeringRobo sell signals or if you are more conservative, sell at the support level
If you are planning to buy, look out for Engineering Robo Buy Signals, or you can buy at the support level ($55.04)
No matter which level you are buying, watch EngineeringRobo signals carefully.
ZEC/USDT 12h (Binance Fut.) Ascending channel on midline supportZcash is looking very bullish on High Time Frame (HTF) right now.
Current Price= 77.37
Buy Entry= 77.82 - 74.82
Take Profit= 86.58 | 95.61 | 113.17
Stop Loss= 69.46
Risk/Reward= 1:1.5 | 1:2.81 | 1:5.37
Expected Profit= +40.32% | +75.84% | +144.84%
Possible Loss= -26.97%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 3x
Estimated Gain-time= 800h
ZECUSDT Dynamic Resistance| 200 EMA| Swing High| Weekly S/R Evening Traders,
Today’s analysis – ZECUSDT – breaking above key dynamic resistance with a retest, a move to swing high is plausible.
Points to consider,
- Weekly S/R respected
- Dynamic Resistance (retest)
- 200 EMA support
- RSI respecting midpoint
- Swing high target
ZECUSDT has respected weekly S/R which allows us to have a bullish bias on the market.
The recent dynamic resistance retest is a confirmation of a true break. Follow through will be needed for continuation.
The 200 EMA is critical support to hold, price action must respect it for a sustained up trend.
RSI is trading above 50 midpoint, this is indicative of bull momentum present after a clean bullish divergence.
The immediate target for ZECUSDT is swing high, breaking this level will see macro trend continuation.
Overall, in my opinion, ZECUSDT is a valid long with defined risk. Price action is to be used upon discretion/ management of trade.
What are your thoughts?
Thank you for following my work!
And remember,
“Trading effectively is about assessing probabilities, not certainties.” ― Yvan Byeajee