ZECUSD.PM trade ideas
Zec analysis symmetric triangle, decision pointHi guys, here I leave my analysis of zec, if we break up we would see a peak of $ 71.90, otherwise the price action would take us to $ 41.5, I hope your comments and suggestions, soon I will be creating a free telegram group why share ideas
ZEC/USD(WEEKLY), BULL DIV, SHARK PATTERN, 111 TO 155% MOVETHIS IS IN SUPPLEMENT TO MY ZEC/BTC IDEA WHICH I PUBLISHED EARLIER
I AM NOT A FINANCIAL ADVISER, DO YOUR OWN RESEARCH!
Channel broke to the downside as expected on ZcashTo be fair the move to the downside doesn't look super impulsive so far. Not looking for longs anyway
ZECUSD has strong support of MAs within channelHi friends hope you are well and welcome to the new update on Zcash. Today the ZEC has finally bounced from the support of an up channel where the price action was moving since after the mid of March 2020. I want have also placed exponential moving averages with the time period of 10 and 21 and since the price action has crossed up these EMAs it is using them as support very well. And this time the price action is also likely to use these EMAs as strong support again. I have also placed the moon phases indicator on this chart. On the upside, there are full moons and on the downside, there are dark moons. The new full moon is appeared at the resistance of the channel that is showing that it will be difficult for the price line to cross up this level and the dark moon is appeared at the support of the channel that is a signal that it would be difficult for the priceline to break down the support of this channel. Therefore there are some neutral signals by these indicators appeared on this daily chart.
Bill William’s 3 Lines Indicator and SMAs:
As the price action has bounced from the support of the channel and also likely to bounce from the exponential moving averages as well. However here I have used the Bill William’s 3 lines that is also called Bill William’s alligator indicator as stop loss. This is a very powerful indicator to identify and catch the bearish and bullish trends. I normally suggest not to not to sell the asset or not to take exit unless the price action breaks down these three lines. This indicator contains three moving averages the smallest one is the 5 the other one is 8 and the biggest moving average is 13. The smallest is called lips the middle moving average is called teeth and the biggest time period moving average is called jaw.
Whenever the smallest moving average moves above all the other moving averages and teeth moves to the center and the jaw moves below all other moving averages then it is called an opened alligator mouth that is a bullish single. And whenever smallest moving average moves down below all the other moving averages and the biggest moving average moves above all moving averages then it is called that the alligator mouth is closed and that is a bearish signal.
At this time the bill Williams lines are moving sideways and the price action is also moving sideways with these three lines, however, there is possibility that sometime these three lines give you the false signal. Because these lines are very fast moving averages with the time period of 5,8 and 13. Therefore I suggest to not use this indicator alone, always use this indicator with the combination of some other indicators. For example here I have used the simple moving averages with the time period of 25,50,100 and 200. And whenever the priceline cross down the bill William lines and the alligator mouth gets closed then we should see that whether the price action has broken down the support of the simple moving averages of 25, 50, 100 and 200. I yes then we can take exit from the trade as stop loss. If any of the moving average is saved and not broken then we should wait for the price fine to take bounce from the moving average or otherwise we should consider that the stop loss is triggered.
On the daily chart it can be easily seen that we have received such false signal from 11th May to 15th May 2020 when the price action broke down all 3 Bill William lines and alligator mouth was closed. But if we watch the simple moving averages with the bigger time period on the other chart then the price action was having very strong support of 200 simple moving average. Therefore price action bounced from this simple moving average and started next bullish move.
Bill William Indicator:
Simple moving averages:
This big bullish Gartley can lead the priceline to achieve the highest price:
now I would like to recall the very big Gartley move that is formed by the price action of Zcash on the monthly chart. I have already shared this pattern in my previous articles as well. At this time ZEC is entered in the potential reversal zone of this pattern and I am expecting that once the price action will cross up the 0.786 Fibonacci projection of A to D leg then it can lead the priceline of Zcash to achieve the highest price ever in the history of ZEC.
Conclusion:
So far the price action of Zcash is giving no clear signals to break out or break down however untill it has strong support of the moving averages it can make more upward moved.
ZEC'S ALIVEZECUSD simple and easy trade.
Support is confirmed and strong. Read to go ahead and test that resistance at 100$
Perfect trade here, low risk reward.
Use stops, be safe.
ZEC: NEO: Analysis using Ichimoku 06/06/2020H4
The price of ZEC is slowly dropping to the Ichimoku cloud, indicating a local correction.
RSI is in an undefined state.
Conclusion:
Visually viewed local correction. We recommend buying from key Fibonacci support levels of 61.8% and 50%
H1
The price fluctuates around the Ichimoku cloud, indicating a local correction.
RSI is committed to overselling level.
Conclusion:
We recommend buying from key Fibonacci support levels of 61.8% and 50%, as well as when the RSI is come to overselling level.
Good luck!
ZEC/USD to go on rising.The ZEC/USD is rising after the steep Downtrend. The price is testing the Resistance/Support zone . The outbreak is expected to be after another bounce from the Upward trendline.
WXYXZ corrective count on ZECOn #ZEC, the WXYXZ corrective count subdivides and measures VERY well and fits all the rules / guidelines.
If this count is true, top is in, or maybe one tiny more upside.
Let's see, but i would be careful with longs at the levels where we are now.
This is probably the clearest elliottwave count i've seen in cryptos for this 2 months uptrend. Hopefully it's correct, we'll see.
$ZEC #Zcash #zecusd #BTCUSD
ZECUSD formed bullish Gartley | Upto 173% bullish move expectedHi friends hope you are good, This time I have brought another bullish trading idea for you with complete stop loss strategy.
Very big bullish Gartley pattern:
This time on month chart Zcash (ZEC) has formed a very big harmonic Gartley pattern and entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Gartley pattern and its Fibonacci sequence should be:
Buy between: $57.06 to $38.79
Sell between: $71.44 to $105.97
Stop Loss:
The potential reversal zone area that is up to $38.79 can be used as stop loss in case of complete candle stick opens and closes below this level.
Possible profit and loss ratio:
As per above targets this trade has the profit possibility of 173% and as per above mentioned stop loss, the loss possibility is 32%
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
ZEC/USD to rise.The price for ZEC/USD has been rising in the Acceding channel as could be expected after such steep Downtrend. The price is above the MAs and they don't seem to cross , moreover , the support of the acceding channel has recently been successfully tested.
A trading opportunity to buy in ZECUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (48.84). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ZECUSD is in a range bound and the resumption of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 64.07
TP2= @ 75.60
TP3= @ 115.25
SL= Break below S2
A trading opportunity to buy in ZECUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (48.84). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ZECUSD is in a range bound and the resumption of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 64.07
TP2= @ 75.60
TP3= @ 115.25
SL= Break below S2
Two Simple Reasons Why The Zcash Can Be More Bullish Than BTCHi friends hope you are doing well. Today we will try to understand that which one is the better for investment the Zcash or the Bitcoin.1st I would like to give you recap of my previous article that I posted on October 9 2019 that the ZEC has formed bullish Crab pattern on 2 day chart. And as per Fibonacci sequence of the Crab pattern I predicted that the price action should take the bullish divergence from the potential reversal zone and should enter in the Fibonacci projection area of A to D leg of Crab from 0.382 to 0.786 Fibonacci level. And finally the price action moved up with the powerful bullish rally and produced more than 170% profit. I was expecting that the price action will cross up of the 0.786 Fibonacci projection area and will start a long-term bullish rally. But unfortunately the price action dropped down again in the potential reversal zone. Now we have a very strong support of the potential reversal zone for the price action of Zcash.
1st reason the most undervalued coin among top 100 cryptocurrencies:
If we watch the history of the ZEC as per Bitfinex exchange. Then it was enlisted there in the last week of September 2016. When it was being traded above $2600. In the meanwhile the Bitcoin was being traded at almost $600. So at that time the Zcash had more value than the Bitcoin. Therefore at this time Zcash at is one of the most undervalued coin among the top hundred cryptocurrencies. But if we watch the first long term bullish rally by the ZEC coin that was started from Feb 2017 to January 2018, that was more than 2200%. On the other side the Bitcoin moved by 1800 percent so there was the difference of 400% in the profit produced by the Zcash price action comparatively to the Bitcoin.
Therefore many traders think that whenever the Bitcoin starts bullish rally the Zcash follows it subsequently but eventually ZEC coin produces more profit than BTC. For example we can also watch the recent rally from March up till now. Where the Bitcoin has rallied more than 160% whereas the Zcash has rallied more than 170%.
Up channel:
On daily chart The Zcash and the Bitcoin both has formed an up channel. At this time almost every top cryptocurrency has formed such kind of up channel on the daily chart. Both the ZEC and BTC have reached at the support of his up channel so there are chances that both coins will start another rally to reach up to resistance to make another attempt for the break out. We can also observe that within this channel the Zcash has produced more gains than the Bitcoin.
Chart patterns on weekly chart:
Now if we switch on the weekly chart then it can be observed that the Zcash has formed falling wedge pattern. And it has already bounced from the support of this wedge. But so far it did not reach up to the resistance of the channel so there are chances that it will move further more to reach up to the resistance. However if we watch the Bitcoin on the weekly chart then it has formed a down channel and after hitting the resistance the leading cryptocurrency is likely to drop down. However if the Bitcoin will start bearish rally from here then it is possible that ZEC coin will be not pulled back like other cryptocurrencies. I'll tell you the reason why it will be not pulled back with the other cryptocurrencies when I will explain the second reason. However the sideways movement within this wedge is possible.
Second reason a big bullish harmonic pattern and due bullish move:
After the drop of March 2020 we have witnessed that many cryptocurrencies completed their final berish legs of different patterns. And if we talk about the Bitcoin and Zcash then Bitcoin formed a very big bullish Gartley pattern on the monthly chart and on the other side the Zcash also formed is very big bullish Gartley pattern on same monthly chart. However as per Fibonacci sequence the Bitcoin took bullish divergence and has entered in the potential sell zone or the Fibonacci projection of A to D leg of Gartley, but if we watch the ZEC coin then it is still moving in the potential reversal zone. Therefore as per Fibonacci sequence of bullish Gartley pattern the powerful bullish rally by the Zcash is still due. The price action is still moving in potential reversal zone and this potential reversal zone in itself is a very strong support for the price action. Therefore we can expect if the Bitcoin to be dropped from here or starts a correction rally then Zcash will move sideways within this PRZ level. And when the Bitcoin will start the bullish rally then the Zcash will start its due bullish move as per Fibonacci sequence of this Gartley pattern and will beat the Bitcoin in profitability.
Bitcoin Gartley move:
Zcash Gartley move:
Conclusion:
Zcash is far more undervalued coin among go all the top hundred cryptocurrencies. Therefore when the Bitcoin will start bullish rally then ZEC coin can try recover its lost value that was more than $2,600. It is the normal behavior of the Zcash that whenever the Bitcoin starts the rally the ZEC follows it subsequently and produces more profit than Bitcoin. And this due bullish move of Gartley pattern can lead The Zcash to produce more profit than the Bitcoin again.
ZECUSD formed a bullish Crab | Upto 172% from herePriceline of Zcash / US Dollar has formed a bullish Crab pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
RSI is oversold.
Volume profile is showing less interest of traders at PRZ level and MACD is strong bullish but Stochastic is in bear cross so for secure trade we can wait for stochastic to give bull cross then buy.
I have used Fibonacci sequence to set the targets:
Sell between: $56.95 to $100.95
Buy between: $38.32 to $14.76
Regards,
Atif Akbar (moon333)
ZEC: Wyckoff Accumulation and bullish Ichimoku setupHello,
Everything's on the chart.
Feels like $55 and $70 are just around the corner.
Enjoy, like and subscribe if this was helpful to you.
ZECIF D closes above LMH, reclaiming prev H&S neckline then bull. look for 60s and 70s. ADAUSD, OMGUSD already triggered. alts/usd giving early signals as long as BTC consolidates above 9300
