ZECUSD.PM trade ideas
ZEC to test $50 support before deciding the move upZcash has had a great year with tech roadmap items being completed on time and its first halving. The privacy oriented community is growing and with it, the accumulators eating up the supply as the mining difficulty breaks ATHs.
ZEC is still tied to the overall crypto market & BTC's pice movements, but it will not spend much time being discounted at/below $50.
Zcash: We Are Waaaaay Down Here!Zcash is a coin I really like because:
(1) Over 4 years of Price Data
- Historical Data for analysis
(2) History of remaining relevant
- Top market cap coin; currently 35, if it didn't have a strong backing it would have disappeared by this point
(3) Smaller market cap (more volatile price action)
Now to the charts!
I am showing a Weekly view on ZEC
There are positive divergences in both the MACD & RSI (I will show below in detail; too hard to show on the price view)
Our prior bull cycle price floor was at $22
We actually pierced thru this number back in March, and hit $18.50, but I'll chalk that up to volatility; I look at this as us making a double bottom @ $22
I have clearly outlined several areas of resistance:
- A few resistance boxes in the $400 - $500 range
- The 0.618 fib retracement level
- A price area ~$750
- Prior ATH of $900 (once this level is broken, as w/any project, the fun begins as we enter price discovery. 1st Target we'll hit and surpass is the 1.618 fib extension of ~$1444)
Reality is: Once our 1st true altseason begins, this thing will move extremely fast. The smaller cap implies you'll see A LOT of volatility, a lot of price wicks thru price ranges I have shared above
I feel extremely confident ZCash will vastly appreciate in price/market cap along with the entire cryptocurrency market
DEMO DEMO DEMOIts takes skillful mastery and understanding to allow things like this to unfold.. we call these campaigns. Wait for C-phase.
ZECUSD - BREAKOUT - REGAINING STRENGTHPrice regain above daily 20MA and baseline after correction bounce at 0.618 fib level.
Current price section around 0.382 fib level
Expecting to reach USD 91-94 in coming days
Current Long trade setup
Entry : USD 72-73.5
Stop loss : USD 70 (Below 20 Daily MA)
TP : USD 90-94
please buy some Zcash for the futureWe have beautiful market structure on the weekly chart with the inverted h&s, it's just matter of time when we break level of 110 and go to the moon.
Zcash had halving last month,so another big plus
Looking at everything what is happening on the market during this scamdemic I'm just so sad that more people don't realize where all the printed money is flowing.
Destroy Fiat and go crypto!
ZECUSD on BitfinexHey everybody,
Today we are going to take a look at the famous privacy Cryptocurrency ZEC .
I disclose that my friends and I own some ZEC as we find the project really cool and with a big future. 🙌
We say that but the French minister went full-gestapo today by going further today to apply more pressure on anonyme transactions.
People are going to be happy following the attacks we sustained in the pas weeks but they don't know the end-game.
They are being prepped for the ECB stablecoin without privacy.😭
Even Zuck wants a piece of it with his stablecoin Diem previously known as Libra.
Ok , enough with the rant.
Let's talk trading !
Idea:
So here we have ZEC (USD indexed)
ZEC is really a volatile crypto. When time is good, it grows slowly but surely, and when Bitcoin goes bad, it dumps like a rock.
ZEC has pumped hard in the last few weeks, and is a sure bet for the Bull market to come.
Right now, it is getting beat up bad by Bitcoin correction.
Our target is .
Why you would say it follows Litecoin price somewhat.
Because ZEC is a coin that hurts more than others when it dumps and this zone is the maximum pain zone, where a lot will let go and the whales will continue to accumulate.
Target: 60-58
Mood: BTFD !
If you read until here, thanks for your patience !
Please like or comment as I like to have opposing views and discuss !
Cheers,
Cryptomamy
ZEC / USD - Likely Going to Impulse Up Again, but When?Zcash , despite it's unflappable endurance of rankled BTC-purists' insult hurling, will move in this Bull Market. There's a lot of on-ramps to it, meaning: it's got "shelf space" in pretty much every "store" (aka "Exchange").
Zcash also just went through a halving in Nov 2020 + it's prior ATH would surprise you. It's got over a $700Mil Mkt Cap , which is good enough to keep it on the Crypto Billboard's " Top 40 " Coins.
I feel like August of this year (2020) was a pre-cursor--the "smoke" before the "Fire"--to this upcoming / current Bull-Run in the crypto Market. And Zcash nearly hit $100 USD at that time.
Not sure if I'd want to hold this coin throughout the Bull Market, but there's a ton of liquidity and it's currently in a spot where--as soon as BTC decides what the rest of the Market is going to do-- Zcash has plenty of room to run.
Take a look at these "surges" in the price action (denoted by those little lightning bolts underneath each ensuing pump). When's the next one going to be? My guess is that it'll take place soon: Dec 2020-Feb 2021.
What do you think?
Zcash is the futureAGAIN DEPENDS ON BITCOIN AND ZEC WHALES...THIS COIN IS HIGHLY VOLATILE AND CAN EASILY HIT ATH , YOU HAVE BEEN WARNED
the bull case for zecashidk privacy coin narrative helped pump xmr and macro charts on this look bullish.
giant double bottom on the weekly.
wouldnt call this a macro chart but i mean bro.
daily looks bullish af.
big ass triangle.
alt szn comin soon bois.
even a daily close above 75.76 would probably be a moonshot from there.
ZEC. Monthly MA golden cross On the monthly chart we recently got a golden cross.
Big players are gonna Jump into the BTC competitors as collateral investment.
ZEC is very limited in supply just like BTC and it has a privacy futures that makes it a better form of money.
At 70$ in 2020.
4 years from now, due to network effect, ZEC is set to a huge upside swing.
