ZEC Adam and Eve double bottomand currently forming the handle, of a cup and handle pattern. Target if breakout at $85
ZECUSD trade ideas
ZECUSD is getting bounced from the strongest support lineHey, friends hope you are well and welcome the new update on Zcash (ZEC) coin.
By the grace of Allah the most high my previous idea has been executed exactly as per defined targets:
Now on the weekly chart the priceline is having very nice bounce from 25 and 100 simple moving averages moreover the 25 SMA also has formed bull cross with 100 simple moving average. The 200 SMA is at $135 that can work as strong resistance as well.
On daily chart the priceline is moving in down channel since 1st Aug 2020. Now finally the priceline is closed above exponential moving averages with the time period of 10 and 21. The EMA 10 and 21 also have formed bull cross that can lead the priceline of Zcash to breakout the resistance of this down channel as well.
Volume profile of complete channel showing no interest of traders below $51 and very less interest above $80. Therefore a movement upto $80 is confirmed and there will be less chances to break down the support.
As we have seen earlier that the priceline of ZEC is getting bounced from the 25 and 100 SMAs on the weekly chart and also closed above the EMAs 10 and 21 on daily chart and likely to break out the resistance of the down channel as well. In the meanwhile, it has also formed the most significant bullish move and that move is the price action has reached the support. And this is the most strongest support since Nov 2019. We can observe that after reaching at this support the priceline 1st rallied 186% then 209%. At this time we can again expect another powerful bullish move again.
Conclusion:
Even though the priceline is having a very nice bounce from the long term support on weekly chart, however, we should use this support as stop-loss as well. If the next bullish rally will be started from here (as it seems to be) then a move up to 200 SMA can be expected that is at $135 at the time of writing.
Zcash price prediction 2020-2025Among all the coins shooting into the stratosphere only to come crashing down, Zcash has remained surprisingly stable throughout this year. Zcash is solving the problem of anonymity faced by the Bitcoin community and its enhanced privacy feature is winning the hearts. Zcash value increased significantly as there were rumors that it will be enlisted on the Gemini exchange which is based in New York and owned by Cameron and Tyler Winklevoss (they have invested heavily on Zcash). Zcash's partnership with Ethereum helped to introduce ZK-snarks to the larger platform as part of the Byzantium upgrade. It also partnered with JPMorgan to introduce a zero-knowledge security layer (ZSL) into JPMorgan’s Quorum blockchain. These advancements led to Zcash’s appreciation in value, which can cross $200 mark by the end of 2020. (Zcash future 2020)
Zcash price prediction 2020
Zcash community might introduce many developments in the year 2020, which includes enhanced privacy system, which might attract many Bitcoin users over to Zcash, raising the demand for the coin. After the recently conducted vote at the Zcash Foundation, it was decided not to close the mining protocol for ASIC devices. Additionally, the governing board of the platform decided to change it later on and disclose it to potential equipment producers, so as to receive support from miners from various sides. Zcash may choose to change for multiple mining algorithms by 2020, this way the coin’s community will not be dependent only on GPU miners, even though they make up a significant part of the network. This advancement might lead to an establishment of a milestone for the Zcash community as the price might plunge high to around $200.
Zcash price prediction 2025
In a period of 5 years, Zcash might become globally popular, and its use case might populate as well. By 2020, Zcash could prove to be the “first globally accessible ‘offshore’ investment opportunity” as it has the ability to not only fill the void left by the declining offshore banking sector but even expand this opportunity to everyone — not just wealthy elites. This engagement might alleviate the Zcash price significantly if the asset can capture even a small percentage of the wealth which is currently stored in offshore accounts. As this is going to be a big stepping stone for Zcash to grab the top 10 spots in the ranking system, it might outsmart its fellow-altcoins. By 2025, Zcash price might exponentially increase to around $1242. (Zcash future potential).
Long ZEC: Initiating uptrendWeekly:
After a bullish divergence there is a first high, and then we see a finger pattern, that downwick which shows a price rejection. After that a low is formed, and price is rising again. The downtrend has clearly been broken and I suspect a move up to a new higher high.
The target would then a higher high between 100 and 113. It remains to be seen what the strength is, but I will take some profit at least around the lower area of this target zone.
Stochastic RSI is coming from a oversold condition and supports the idea of an upmove.
If the trend is just strong and healthy, I will stay in the trade and add to pullbacks. But then a new analysis will be posted.
Daily:
Afther the bullish divergence, there is a first high here as well, and then a first low that bounced on the EMA. Now it seems the uptrend is in play on this time frame as well. Price will probably be hovering between the value zone (EMA's) and +1 ATR.
MACD-Histogramd and EFI are rising, as is Stochastic RSI.
The stoploss will be a bit below the latest lows, around 2 ATR levels away.
Entry:
I will try to enter the trade in parts, in the price zone of 64-65.
Stoploss: 51.85
Target 1: 99,98
Target 2: 113
R/R ratio: 1:2,7 / 1:3,7
ZECUSD Fibonacci Level 0.382 Price Level 70.36644460ZECUSD Fibonacci Level 0.382 Price Level 70.36644460
ZECUSDtaking a look at zecusd on the 4hr. looks to me as if cup and handle has formed.
aggressive buy would be the handle breakout
or wait for break of the cup. keep stops in place trade on.
ZECUSD H4: BEST level to SHORT IT 30%+ gains(SL/TP)(NEW) Why get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
ZECUSD H4: BEST level to SHORT IT 30%+ gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because I expect short-term
gains before reversal at/near 73 USD (BEARS).
🔸 Summary and potential trade setup
::: ZECUSD 4hour chart review/outlook
::: currently price is stuck in range
::: H*S setup in progress now
::: LS=RS=66 USD HEAD at 73 USD
::: neckline re-test near 52 USD
::: BEARS get ready to SHORT HIGH
::: that's where you want to SHORT IT
::: 73 USD - HEAD of H*S pattern
::: initial target BEARS is neckline
::: 30% gains possible in this setup
::: shorting near range highs makes sense
::: short-term bullish / more upside
::: 73 USD heavy resistance / SHORT IT
::: TP BEARS is re-test of neckline
::: 30% gains on sell side for BEARS
::: recommended strategy: SHORT IT / SHORT rips/rallies
::: ENTRY NEAR 73USD SL 4% TP1 20% TP2 30% // 52 USD
::: correction not over yet
::: good luck traders!
::: SHORT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BEARS/52USD
::: Sentiment outlook short-term: BULLS
Is Z Cash finally showing a semblance of a comeback? ZECUSDWell I think so. At least for while we are in what appears to me to be Wave 5 with two subfractals. I am bullish on this one currently. I never short second sub waves, and almost never subwaves 4. Anyway, do your research - this is not financial advice ffs.
ZEC/USDT WATCH LISTput it in your watch list
its close to its lowest support ever and as i said it go down and it will be supported by its support line & the fib line as it has been supported before
send me your thoughts
ZCash Prediction for Swinging TradeZcash is a cryptocurrency aimed at using cryptography to provide enhanced privacy for its users compared to other cryptocurrencies such as Bitcoin. Zcash is based on Bitcoin's codebase. It shares many similarities such as a fixed total supply of 21 million units.
The following line can be broken if the line was broken below 50 then Bearish signal portrays while a Bullish uptrend is possible on a long term bear can sometimes be deceiving this upcoming days.
ZECUSD long If you find my market analysis interesting then please like and follow me to keep up with my latest analysis. Thanks for watching. good luck
Zcash: Possible Buying OpportunityThe price is at the support zone formed by 56.00$ and SMA200. Now it is the key support zone for the buyers. If the price can stay above this support, we should be ready to see a new upward movement toward the previous market high. If the price breaks the support zone, we will see the further downward movement toward 20.00$ support.
As for now, we can try to catch a possible upward movement using the current position of the price. The price is above the support zone and we have reasons to open a long position. The trading idea is based on the price reversal from the support zone.
The long trade has the following entry and exit points:
Buy above 58.50$
Stop below 48.50$
Profit Target at 98.50$
Risk per trade must be no more than 5% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
ZECUSD W1: BEST Level BUY/HOLD 300%+ gains (SL/TP)(NEW) Why get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
ZECUSD W1: BEST Level BUY/HOLD 300%+ gains (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: ZECUSD week/candle chart review/outlook
::: long-term accumulation in progress
::: BULLISH falling wedge on weekly TF
::: throwback stage now not complete yet
::: mid/long-term SUPER BULLISH OUTLOOK
::: super strong chart bullish outlook
::: short-term more downside expected
::: accumulation mid range will get re-tested
::: required now before bull run can resume
::: BULLS should get ready to BUY PULLBACK
::: we are setting up for a strong move
::: within next few weeks max (3-6 weeks)
::: recommended strategy: BUY LOW 36/38 USD
::: TP BULLS is 250/350% gain BUY/HOLD setup
::: SWING trade setup / no fast gains here
::: BUY/HOLD / do not expect miracle gains
::: SL is 20% max
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BULLS/PRZ/REVERSAL
::: Sentiment outlook short-term: BEARS
