ZECUSDT
Zcash New Buy OpportunityThe price bounced from the support level and RSI confirmed price reversal in the oversold zone. MACD supports possible upward movement. DMI is bearish but ADX line starts falling and it allows us opening long trades. We can place buy orders above 300.00 level and use a breakout above this resistance as a trading signal. Stop orders must be placed below the local swing low at 278.50 level. Profit targets are 340.00 and 400.00 levels.
Zcash Buy OpportunityThe price is going to bounce from 300.00 support level. RSI confirms price reversal. MACD supports upward movement and DMI allows opening long trades. It's a new trading opportunity. Pending orders for buy should be placed above 320.00 resistance level. Stop orders must be placed below the local swing low at 274.00 level. Profit targets are 360.00 and 400.00 levels.
Zcash Buy OpportunityThe price returns above 300.00 level and SMA100. It can be a signal that the uptrend will be continued. The daily chart gives us a bullish signal. Based on the 4H chart we can see that RSI confirmed price reversal and MACD supports upward movement. It's trading opportunity. Pending orders for buy can be placed at 322.50 level with stop at 252.00 level. Profit targets are 360.00 and 400.00 resistance levels. The part of trade volume can be left for long run.
ZCash Buy OpportunityLet's look at 4h chart of ZCash. On the chart we can see that price is in a very important zone now. From the bottom the market is supported by the uptrend line and the support level. For confirmation that the market is going to move upward, we'll need a price breakout out the channel.The downtrend line is a barrier for possible upward movement, the direction of a breakout will show us further price movement. Profit targets should be near 0.049, 0.063, 0.083 and 0.1 resistance levels.
Zcash Buy OpportunityThe market is in the uptrend and we have to search for buy opportunities. MACD and DMI support upward movement and we can trade based on a breakout signal above 300.00 resistance level. If the price can break this resistance, we'll get an additional signal confirming the upward movement. Entry level is 302.00 with stop orders at 283.80 level. Profit targets are 320.00 and 350.00 levels. This is a short term trade, but the part of trade volume can be left for long run.
Zcash Entry LevelThe price can bounce from the support zone formed by SMA50, SMA100 and the uptrend line. If the market moves above 250.00 resistance level and the previous high, it will be a confirmation of further upward movement. We can place pending orders for buy above this high at 251.80 level. Stop orders must be placed below the previous swing low at 225.50 level. Profit targets are 300.00 and 400.00 levels.
Zcash Buy OpportunityADX line of DMI indicator rises above 20 level and it gives us a confirmation of trend market conditions and a new upward movement. The local high is above the cloud and it can be used as a level for placing pending orders for buy. If the price breaks the downtrend line and moves above the local high, we'll get an additional confirmation that the market is going to move upward. Entry level is 238.00 with stop orders below the local swing low at 217.00 level. Profit targets are 300.00 and 400.00 resistance levels.
Zcash Buy OpportunityThe market moved above 220.00 resistance level. A new swing low allows us to draw an uptrend line. Based on this new uptrend line we can consider that the market is going to move upward. RSI confirmed price reversal. MACD histogram supports upward movement. ADX line starts falling and it tells us that the bears are not so strong now. If the market breaks the downtrend line, it will be a confirmation of further upward movement. In order to catch such movement, we can place pending orders for buy at 228.00 level with stop orders at 205.00 level. Profit targets are 250.00 and 300.00 levels.