ZECBTC trade ideas
There is a possibility for the beginning of an uptrend in ZECBTCTechnical analysis:
. Zcash/Bitcoin in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01860000 to 0.01645000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01860000)
Ending of entry zone (0.01645000)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.02436000
TP2= @ 0.02830000
TP3= @ 0.03374000
TP4= @ 0.03773000
TP5= @ 0.04364000
TP6= @ 0.05159000
TP7= @ 0.07361000
TP8= @ 0.09137000
TP9= @ 0.10911000
TP10= @ 0.13442000
TP11= @ 0.16666000
TP12 = Free
Zcash (ZECBTC) Falling Wedge (Potential Target and Stop)There is a falling wedge pattern on the 4h TF chart for ZECBTC.
This is a bullish pattern.
I've marked the potential target and stop loss for this pattern.
The TD Sequential and volume also point to a coming breakout.
Let's see how it goes.
You can trade based on this information but make sure to always use a stop loss.
If you enjoyed this chart, hit LIKE...
Thanks a lot for your support.
Namaste.
ZECBTC Cup&HandleYesterday you could have seen how the price was pumped up to 0.0222. The price fell dramatically and quickly and have consolidated. Indicators switch to bullish state at the 2-hours timeframe. Ichimoku cloud zone acts like a strong support, while price movement occurs at the upper edge of the Bollinger Bands
We can see Cup and handle patter was formed. We recommend this trading opportunity in the short term. Safe buying zone is between 0.0193 and 0.0198
$ZECThis Coin has been amazing to trade the past few months. Super simple Buy the Green sell the red. Also this has been an awesome range at the bottom of a down trend and ATL. Could be accumulation for the real party. but until the top blows off this range the plan is simple buy green sell red. coinbase could be some feul to bust the top of the range
ZEC longterm potentialIf you are looking for a coin to invest in ZEC is the one. It might seem overbought now due to Coinbase listing but it is only a beginning. At least 20 more % will follow. Check out the week chart to see the big picture. Price is crossing important descending trendline. And it points just exactly to where we are now. It can't be just a coinsidence, not in charting.
Zcash looking ready to popA number of interesting signals here. Broken downtrend in RSI & Stochastic charts with both charts now indicating Higher lows. Inverted head & shoulders evident seen on the 3-day chart. Finally bottoming candle about to be tested for third time. I don't think there'll be a forth. Suggested targets at previous support points highlighted.
ZECBTC has finished bearish Bat and bullish CypherOn day chart ZECBTC has completed 1st bearish Bat and then a bullish Cypher however in both patterns it has entered in buying zone.
The oversold condition of RSI and stochastic is also in favor of bullish divergence soon.
Targets are mentioned on charts.
Regards,
Atif Akbar (Moon333)
ZECBTC - The Main ChartI fully believe in ZEC to have a bright future in the cryptosphere. This coin is, from my point of view, the best coin to invest in at the moment.
I'm expecting to reach the target in the long term. I will, however, be trading the swings to maximize my ZEC stack until then.
I'll be updating my trades from time to time based on this main chart.
All the best.
You can follow my track record here: anotherbot.info
My twitter: twitter.com
Contact me for more information.
Zcash - ZEC pattern movementDaily chart showing a formation that is happening, starting with a leg down before going back up.
IMPORTANT NOTE:
-There is a possibility that ZEC will be added to coinbase, which might pump the price up earlier than expected and invalidate this chart.
-The BAKKT release date is also coming in decemer which will slowly start hyping the BTC price up -> which indirectly also will kickoff ZEC.
(This is not financial advice, this is a volatile market where anything can happen)