ZECUSDT trade ideas
ZECUSDTZECUSDT: Channel trading
Price fixes below high volumes
Most likely, for some time the price will be traded in the channel, it is not worth buying in the middle of the channel.
Support about 39-26
If the $26 support is not triggered by the end of the bear market, the price will be looking for a new bottom.
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End of correction ZCASHAfter a long correction process, I think this currency is ready for holding. According to Elliot waves, we are at the end of the downward trend, and I think we are in wave 5 of the Diagonal Diagonal pattern. Share with your friends and if you have an opinion, please let us know in the comments.
ZECUSDTTurkish description is below.
Im expecting a bull rally for zecusdt to hit 305 usd between 6 March and 1 May 2023. This comes from end of Wave C which made ending diagonal as shown on the chart.
Note that this post should not be considered as financial advise.
6 Mart ile 1 Mayis arasinda ZECUSDT paritesinin 305 dolar olmasini bekliyorum. Bunun sebebi C dalgasi biten diyagonal olarak yapmasidir.
Yatirim tavsiyesi degildir.
A Corrective Phase May EnsueIn light of potential obstacles hindering ZEC's ongoing upward movement, a corrective phase may ensue, leading to a potential decline towards the support level of $32. Conversely, should buying pressure persist and successfully overcome forthcoming resistance, it is reasonable to anticipate further price appreciation towards the resistance range of $38 to $40. Additionally, the breach of the currency's downward trend line serves as a positive indicator, implying potential price growth. Therefore, in the event of a pullback, accompanied by a subsequent reaction, the probability of significant short-term currency growth towards the aforementioned resistance level is considerably high.
Furthermore, the Relative Strength Index (RSI) is currently at a level of 49. The RSI is a technical indicator used to assess the strength and momentum of an asset's price movements. A reading of 49 indicates a relatively neutral stance, suggesting that the current market conditions do not strongly favor either buyers or sellers.
Navigating the DowntrendThe analysis reveals that ZEC is currently trading within a downtrend channel on the daily timeframe. Market strength is yet to materialize, indicating a lack of upward momentum. The resistance level to overcome is situated at $37.4, and a successful breach of this barrier would propel ZEC towards the $42-$43 resistance zone. Conversely, a break below the critical support level of $30 would trigger substantial selling pressure.
In conjunction with these observations, the Relative Strength Index (RSI) stands at 47, indicating a neutral position. This implies a balanced equilibrium between buying and selling pressures, suggesting a lack of extreme bullish or bearish signals for ZEC. Traders and investors should closely monitor the RSI for any notable shifts that could potentially indicate a change in market sentiment.
Time to Buy ZECHello Traders!
Welcome back to another trade with analyst Aadil1000x.
Today we will benefit from this dip and buy it from the reversal level. The first target will be the start of this fall.
ZEC Buy now @ 32.24
Stoploss 31.40(-2.6%)
Target 1, 33.18(+2.82%)
Final Target 34.29(+6.36%)
Don't forget to hit the like button and follow to stay connected.
ZCash looks terribleBigger flag: BREAK DOWN
Retest of lower boundary of bigger flag: FAILED
Small flag: BREAK DOWN
Retest of lower boundary of smaller flag: FAILED
Will 0.786-0.886 hold aka will it deviate back into range?
If it doesnt: Bottom of channel next logical target
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Zcash : The Bears Can Push The Price Down From 38.90Zcash : The Bears Can Push The Price Down From 38.90
After the price reached our first target in our previous analysis I am looking
at for another selling opportunity on Zcash.
IT can find sellers again near the 38.90 price area.
You may find more details in the video!
Thank you and Good Luck!
Previous Analysis:
Zcash | The Bears Can Take The Price ControlZcash | The Bears Can Take The Price Control
Zcash broke out from a large "Wedge Pattern"
As I am checking Zcash during all these months it is only releasing liquidity and
it's in a clear bearish trend.
After a small correction, I am expecting Zcash to move down again.
You may find more details in the video!
Thank you and Good Luck!