Bullish on ZECAfter dropping from the ABCDE triangle not too long ago, I believe the latest green candles are a part of something new and exciting. Anyway, I longed ZEC!
ZECPERP trade ideas
Z Cash Going Down! ZECUSDLooks like we are zigzagging this one. There was a very small 5th wave that passed, meaning we are due for more drops.
Target's marked in red, Fib time indicates roughly when it might happen. It's drop, drop, drop time for this big boy.
ZECUSD: Downtrend (11.09.2020)On D1, the cloud is directing downward, indicating a downtrend.
On H4, the price fluctuates around the cloud, which indicates the formation of a correction.
Besides, on H4 and H1, the correction model in the form of a triangle is visually well visible.
We recommend selling on the breakdown of the downward correction model boundaries, or in case of false growth to the level of 68 (when RSI will reached overbought level on H1 and H4).
ZECUSDT Looks Really Strong 100% Growth PotentialWe have seen a good rally in ZEC Since its major drop in march
as of now it has turned its previous high of Feb into a support now after making a new Higher High in Aug as compared to Feb with Higher Low which indicates a good bullish momentum.
The price are trading above EMA 50, 100, 200 on Daily Time frame and it adds another boost to its momentum.
RSI and MACD are also Showing good signs of Upward Trends.
The potential TP's are marked in the Chart.
TP1 - 110
TP2 - 150
TP3 - 175
Open
SL Manually Daily Close below EMA100
This is not a financial advice.
DYOR
Thanks
Aanuj Tated.
ZCash Needing a Dip to 56.37-57.37 to Cross trendlines to LongI've been having success at Scalping #Zcash and #Litecoin as of late. Their patterns have become quite prediectable. In this chart you can see where a descending overthrow trendline meets the underlying, more powerful uptrendline. If the price action meets at the exact spot needed, a long may be the best opportunity. Granted I may need other confluences such as the RSI and I'll take a look at the MACD. But after some major drops in Crypto overnight, it seems like they're trying to make a comeback. with resistance on Zcash being around the $60 mark, I wouldn't shoot for any higher than that as my Take Profit. Let me know what you think.
Here's a previous Zcash win using my double RSI strategy. The (Over sold on the 19, diference of 7 or more between the 16 ans 29 RSI, Crossed The 50 and the 200 MA was used as support. Was the perfect time to pull the trigger and land nearly a 20 pip scalp.
ZECUSDTF: 12 Hr
ZECUSD looks to have broken a corrective structure and may be breaking out to the upside from here. If a breakout occurs, I think it will revisit the $100 level.
ZCASH Look for the next buy opportunity
Hi traders:
Looking at ZECUSD for the bullish potential.
We see price had a strong bullish impulse up breaking above the previous highs.
Price then start to form this larger deeper continuation wedge structure, good signs for more bullish momentum.
I like to see either a correction to form after the breakout, or one last push to the downside before the buy from bottom.
Ideal entry would be the wait for the confirmation breakout from the wedge structure, then lower time frame correction to enter.
Thank you
ZEC basing above declining wedge (PREBREAKOUT)printing an i hns.
volume is a little wonky but we'll have to see how much this matters.
respected the 50 day ma and resisted the urge to sell off.
not financial advice.
stay safe.
not bad buy point for zecbouncing off confluence area bw 200day ma and upper level of descending wedge.
most likely scenario is that ZEC is basing and although you could get a lower buy-in, this is not a bad place to start looking for buys.
ultra bull situation would be a pop up to mid 80s, but it seems bulls need to feel validated in upcoming uptrend for price to see really good gains.
not financial advice.
stay safe.
ZECUSD 50 or 150?Let's analyse my favorite cryptocoin ZEC :
If Price > Green Line Then ZEC -> 150 USD
If Price < Red Line Then ZEC -> 50 USD
$ZECThe count is tricky with this, on one hand we got a 1:1 mapping from the march bottom, making this drop the first leg of downtrend
But I'm going with this current bullish count assuming the trend remains intact
All the best
ZECUSD Second Chance: Profit=765% SL=70% Reward/Risk > 11:1Second Chance Trade Setup summary:
Profit targets=765% = {TP3= 35% + TP4= 61% + TP5= 79% + TP6= 104% + TP7= 127% + TP8= 144% + TP9= 215%}
Stop Loss =70%
Reward/Risk > 11: 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (71.35) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP3= @ 96.60 (New)
TP4= @ 115.25
TP5= @ 127.65 (New)
TP6= @ 146.00 (New)
TP7= @ 162.00 (New)
TP8= @ 174.30 (New)
TP9= @ 225.40 (New)
SL= Break below 64.00
--------------------------------------------------------------------------------------------------
First Buy Current Status:
Total Profit: 136%
Closed trade(s): 85% Profit
Open trade(s): 51% Profit
Trade Setup:
We opened 3 BUY trade(s) @ 48.84 based on 'previous Forecast' at 2020.06.15 :
Closed Profit:
TP1 @ 64.00 touched at 2020.07.13 with 31% Profit.
TP2 @ 75.60 touched at 2020.07.31 with 54% Profit.
31% + 54% = 85%
Open Profit:
Open trade is 74.15(current price) - 48.84 (open price) = 51%
1 trade(s) still open, therefore total profit for open trade(s) is 51% x 1 = 51%
Technical analysis:
. ZECUSD is 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.
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ZECUSD Second Chance: Profit=765% SL=70% Reward/Risk > 11:1Second Chance Trade Setup summary:
Profit targets=765% = {TP3= 35% + TP4= 61% + TP5= 79% + TP6= 104% + TP7= 127% + TP8= 144% + TP9= 215%}
Stop Loss =70%
Reward/Risk > 11: 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (71.35) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP3= @ 96.60 (New)
TP4= @ 115.25
TP5= @ 127.65 (New)
TP6= @ 146.00 (New)
TP7= @ 162.00 (New)
TP8= @ 174.30 (New)
TP9= @ 225.40 (New)
SL= Break below 64.00
--------------------------------------------------------------------------------------------------
First Buy Current Status:
Total Profit: 136%
Closed trade(s): 85% Profit
Open trade(s): 51% Profit
Trade Setup:
We opened 3 BUY trade(s) @ 48.84 based on 'previous Forecast' at 2020.06.15 :
Closed Profit:
TP1 @ 64.00 touched at 2020.07.13 with 31% Profit.
TP2 @ 75.60 touched at 2020.07.31 with 54% Profit.
31% + 54% = 85%
Open Profit:
Open trade is 74.15(current price) - 48.84 (open price) = 51%
1 trade(s) still open, therefore total profit for open trade(s) is 51% x 1 = 51%
Technical analysis:
. ZECUSD is 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.
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Bullish Z Cash! ZECUSDEscaped the triangle - Wave 4 of 3 - and established a new support. I am buying Z .
Load The Boat on $ZEC /usd | #ZCash on the Dip...Load The Boat on $ZEC /usd | #ZCash on the Dip...
Green box means buy zone.
Targets/Resistances are in Red.
Patience!
Miguel | #CCA
