ZECBTC trade ideas
Zcash has shown a strong reversal pattern !Hello, Traders!
Monfex is at your service and today we overview ZEC/BTC.
Diamond reversal pattern.
This pattern also finds support from RSI, the indicator has a certain upward trend, which is a good sign for bulls, but most likely not soon.
The support zone ~ 0,004350-4300
Share your thoughts, ideas about the market under the chart.
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Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Diamond bottom reversal patternsDiamond bottoms reversal patterns start with broadening trendlines and then forms a symmetrical triangle. As long as the price stays within this pattern a reversal back up should be expected.
$ZEC, Showing a W Bottom pattern as it crosses resistance level $ZEC
Showing a W Bottom pattern as it crosses resistance level at ~463k sats
Buying as close to this level as possible with a SL below it and aiming for ~500k sats (matching Ichi cloud) as 1st target // ~530k sats matching EMA50 on the daily.
UCTS Buy signal flashing.
#ZEC
ZCASH - could this time be different? Probably one of the most hated Altcoins out there. It also just got de-listed on Okex. Could this be a trend reversal for ZCASH? I think not unless signs of clear accumulation forms. BUT at the same time, this coin has been on a steady downtrend for a really long time. A relief pump is overdue and I wouldn't underestimate a ZCASH relief pump. Right zooko?
ZEC - Bulls Found - Will This Bounce? ZEC could be interesting if BTC Dominance comes down it could be a faster grower in the market with how far it has dropped over the last couple of months. Big bulls found in the RSI and MACD looking good.
Wait for clear direction
