ZEC/BTC - 1D - Analysis published on 03/02/2021Moon to Earth ... anybody still awake and wanting to trade? Hello World, it’s Cosmo 👩🚀 again and tonight I’ll analyze the ZCASH (ZEC) Token against BITCOIN:
So, let's get started 😃 … Summary of the Analysis: ZCASH/BITCOIN (1 day time frame)
Trends: Short Term - Bearish & Long Term – Strongly Bearish
Crypto Screener™ (by TradingView) Rating: STRONG SELL
Technical Indicators (by TradingView & intotheblock): STRONG SELL
- Summary: 14 Bearish; 10 Neutral & 2 Bullish
- Oscillators: 1 Bearish; 9 Neutral & 1 Bullish
- Moving Averages: 13 Bearish; 1 Neutral & 1 Bullish
Fundamentals: SELL
- Circulating/ Max Supply = 54% --> SELL
- 848 out of 1,000 Fundamental Crypto Asset Score (FCAS™ by Flipside Crypto)
- C+ SIMETRY™ Rating (by Crypto Briefing) --> SELL
- BB Rating with stable outlook by TokenInsight
- 79.4% out of 100% Asset Score™ by TokenInsight --> SELL
- No Dynamic Performance Score™ by TokenInsight
AI (Artificial Intelligence) by CENTRALCHARTS: STRONG SELL
Multi Timeframe Analysis:
- 1h (1 hour frame): negative
- 4h (4 hours frame): neutral
- D (1 day frame): very negative
- 7d (last 7 days): negative
ZEC/USD consistently performing worse than BTC/USD!
My Opinion: SELL - Bearish under BTC 0.003484
My targets: BTC 0.001606 (-35.6%) & BTC 0.000434 (-82.6%) from current price level
ZEC/Bitcoin follows a very strong bearish trend (24° downwards) from relative high on 08/06/2020 (long time downwards trend). Traders may consider only short (sell) positions if the price stays well below BTC 0.003484 (Stop Loss Level = 1st light green line above current price; +39.8% from current price level). Next support levels are indicated as light red lines in the chart. A bearish breakout below a support line would increase bearish momentum.
Signal Force (0-10): 8 = very strong force
To sum up my opinion: I’m convinced that the ZEC Token has NO future and will disappear in the long run.
We are currently trading around monthly VWAP. Should we break significantly downwards this would be a strong SELL signal.
Please note that as a Hedge Fund Manager I would NEVER go outright short = only sell short ... I always have potentially overperforming coins or tokens long against the shorts!
The trick is, that (because of good research) the longs perform better than the shorts in all market situations.
Like and follow as the next analysis will focus on other over- and underperforming (compared to BTC) Coins or Tokens.
You'll then be able to go LONG potentially overperforming Coins/ Tokens and to go SHORT potentially underperforming Coins/ Tokens and to do what the big guys do 🤑: Organize your Crypto Portfolio as a Hedge Fund.
Heard about them? With this successful trading strategy😍🍀💵 you'll be able to make money in all market situations and independent from the price action and level!
Happy trading everyone ... comments welcome!
Published on 03/02/2021, 11:00 PM (UTC+1)