ZECBTC trade ideas
Wait for itCCI Oversold with Buliish Divergence
MACD repeating similar pattern
Stoch shows some kind of pressure which is bullish
There is a long term Symmetrical triangle
Weekly
CCI is oversold
Stoch is oversold
Zcash On A Critical Point. Where To Go Next?Since May Zcash was in a downtrend which is illustrated by the blue trend line. The critical point that still waits for a confirmation is the occurrence of the a descending triangle. A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trendline that connects a series of lower highs and a second horizontal trendline that connects a series of lows. Often times, traders watch for a move below the lower support trendline because it suggests that the downward momentum is building and a breakdown is imminent. Once the breakdown occurs, traders enter into short positions and aggressively help push the price of the asset even lower.
The breaking of the green circle point of the upper resisitance line will confirm atleast a test of the first strong resistance at 0.03 Btc on the 23.6% fib level. Otherwise if the red circle point on the lower support line broke a downward movement is expected. After confirming one of the above scenarios we might have a more clear image on the next move of the chart. If the rally is confirmed with a reversal trend an elliott wave is excpeted.
Buy Zone : 0.0247 Btc - 0.0272 Btc
Possible Short/Mid Term Targets
Target 1 : 0.030161 Btc
Target 2 : 0.033200 Btc
Target 3 : 0.035656 Btc
Target 4 : 0.038112 Btc
Target 5 : 0.041609 Btc
Good Luck.
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Zcash had a Rebound on SupportCurrently the target has change based on how the corrective wave has dropped on, the support, for now the only pattern that show some kind of divergence is RSI, and there is some kind of buy pressure on Stoch,MACD hasnt crosses or approached to the positive side
ZCash Long termDuring the last 9-12 months, Zcash has show up a bullish divergence on RSI, which has not finished to reach the oversold levels at 70 on the weekly there has been a resistance level around 50 on RSI, which hasnt allowed the price a good uptrend movement above the resistance on 0.0447.MACD has been making a bullish divergence(building its value up to -0.0033) each time the MACD lines made a crossover or stays above the signal line has shown an impulse wave from the price chart, Stoch oscilator hasnt reached an overbought level in the last couple of months and has returned to Oversold value, CCI on the daily chart is reaching oversold levels and soon should be to make a divergence (which stoch is somewhat doing) to start the next wave,Zcash price chart shows that the waves are forming a symmetrical triangle. to start bullish trend, this impulse wave is foring up has to break the upper side of the triangle around 0.0388-0.039.The wave count of the triangle describes as bullish pattern but first we would need to break the upper side of the triangle, and regarding to long term MACD value, if ZEC reaches the possitive side of the MACD, it will likely mean a price action beyond with a big impulse wave, and a sustained MACD in the possitive side will mean a continued uptrend breaking the All time high price of 0.187BTC per ZCash
Inmmediate resistance has been marked on the chart,important resistance should be on the tail/base/top of the candle at the end/begining of the waves
Inmediate Target 0.0388 Above this it should be bullish ,until face next resistance at 0.0447
ZEC - Fueling up the rocket shipAgain this is not a trading market, but I would like to call your attention to ZCash. It's one of my favorites alts for this post-BTC crash/next bull run. It has great tech and is one of the best known and respected privacy coins out there. Last spring/summer, ZEC exploded almost 7x in a couple months. Since that top, it has struggled to gain any ground. In fact, it has had a 100% retracement from when it started its run in February of last year. However, all hope is not lost. Bullish divergence can be seen on both the MACD and RSI indicators. And believe it or not, bullish divergence can be seen on the MACD since July of last year! I think this is a little rocket ship ready to take off and it's been saving itself for a whole year to make this next bull run count. We have had a couple crossover fake-outs on the daily MACD, but I think its time is approaching. Price action is currently in a falling wedge, which is near completion and is approaching support at .026. Despite this bullish pattern, TA patterns mean very little during a Bitcoin correction, hence why I am leaving you this disclaimer. Trade at your own risk, but if we clear that pink trend line I will be buckling up!
$ZCASH #ZCASH - EASY GAINS - BOUNCE coming in soon???Hello Lads and Ladies,
Today we are taking a look at ZSCAHBTC. It is known for a good volatility and has reliable support and resistance lines. Where might it be heading to this time?
Taking a look at the chart, we can see a very huge push for which ZCASHBTC is very known and has done multiple times in its history. depending on where you set the fibs, we are either right now at a 100% retracement or have still a little more until the 100%.
Taking a look at just this one push, we are definitely at a 100% retracement. Anyhow, I decided to put it a little lower because almost ALL of the fibs lines are historically relevant and have been resected multiple times.
I am still confirming that the support that we are sitting right now at (indicated yellow dotted in the chart) is very strong. Being broken the next very crucial support (indicated green in the chart) is around 7% away.
What happened here is rather simple, it pumped straight up and retraced fully, now is the question whether it will retrace even more or push through the downtrend and where will it head to?
I am putting 60% in right now and keeping 40% for the scenario of a further retracement. The reason for this is, that we are at this strong support, retraced by full 100% of the big push and sitting right at the end of the downtrend. RSI is at a point where most of the biggest pushes happened before. As well as I am stoked about the market having a break from blood-bathing for a few days now.
Nevertheless the possibility is still high that this support will not hold and since it has been broken by a little bit due to the whole market dipping, it might continue its journey further down to the next support. A big pump in BTC (which is likely right now) would also help it out reaching this bottom support (green).
Now to the breakouts and pumps. Should ZCASHBTC breakout now, then it would most likely push to the 61.8% fibs line with a possible stop at a weak intermediate resistance. From there on the push MIGHT (little chance) continue towards the previous high.
Should ZCASHBTC continue its downtrend and breakout at the bottom support, it will have a lot of momentum and volume to push very fast to the 61.8% line. Continuing from there without a short retracement will be very hard.
My first buy order is at 0.0275 and the second at 0.0260. The sell orders are set to 0.031 and 0.033. Stop loss at 0.025 and re-buy at 0.02.
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Cheers, Tomas
practice ZECBTC 240Historical trends are showing that a price increase is very likely. And it should go up. (VERY LIKELY that someone is manipulating the prices. The pattern should be similar to the one in the past, however it might take a few days for it to manifest itself
DAILY -IF pattern repeats the likely time line would look similar to this. MACD is also showing a reversal
BB’s 60 are tightening , indicating that a change in price should come
BB’s are tight in 15+60+240 and in Daily. Big changes are expected
EMA shows a bearish trend.
$Zcash, $ZEC 2018 Lows Confirmed
Monthly
Trend timeframe showing Zcash has been in a major downtrend since being added to Bittrex. Price was recently rejected from resistance at 3.3 million satoshis. Expecting price to retrace towards our major support level 2.5 million satoshis. Stochastic RSI showing no signs of slowing down.
Weekly
Shifting over to our pattern timeframe we see price respecting it’s descending triangle structure, and is looking to reach the bottom of our triangle for dynamic support. Stochastic RSI showing momentum continuing towards the downside with no signs of bears easing up. Expecting a weekly bounce off 2.5 million satoshis, will not be looking at daily for any confirmations.
Daily
Higher Highs and Higher Lows being presented.
ZEC accumulation i am accumulating ZEC between 0.03 & 0.04 BTC for 2020. im thinking we form a higher low here and bounce for now. idk
9 June 2018 -> Long on ZEC/BTCSo lately Zcash has been going down a lot, cause it crossed all the fibonacci lines. But now we see that the bears are trying to push down below the support line of .030664, but it kind of failed.
At the support line we see small real bodies, which gives us the information that the bears are losing steam. But it doesn't tell us that the bulls are going to take over control. Another thing we see is that the small downtrend is broken.
Now you may think, well if nobody knows for sure who is going take over the control? Why do you even pick this trade? Well, you see that it is close to the uptrend. This means that the bulls are likely to take over control.
So how am I going to react on this? Well to go fully in it would be highly agressive, but I would invest like 50% in Zcash right now and wait for a confirmation. If the confirmation is bullish I would invest the other 50%.
Stop loss is either 0.030664 or a close below the uptrend.
The first target would be the resistance line of 0.034650 and my second target would be 0.037222
But keep in mind! This is NOT an investment advice, but an analyse . You can do whatever you want with this information, so trade at your own risks!
Zcash BreakoutThe Gemini bitcoin exchange founded by Tyler and Cameron Winklevoss is adding support for Zcash, a privacy-focused cryptocurrency with a market valuation of over $1 billion.
Zcash almost touching the bottomit seems to repeat the same pattern as the last time I went on downtrend support might be found near 0.0297
ZEC WILL GO OVER YOUR WILDEST TARGETS - JUST WAIT FOR IT - 10XThis is one of our favorite coins. We would definitely invest into it for medium to long term if we had patience.
Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
