Weekly support has been completely broken!ZEC has been falling in price over the past few weeks with selling pressure building across the market, and the currency's weekly support range of $45-$50 has been completely broken, turning into resistance. As you can see, in the past, there was a descending channel for the price; the extension of this channel and the selling pressure led the price to the second descending channel.
Also, the two support levels that we considered at the prices of $41 and $36 have been associated with a very positive reaction in the second range. The price of this currency has returned to the first downward channel, and if the short-term and favorable market conditions continue, there is a possibility that the price will meet the specified resistance and creates a range trend below the resistance. According to the good return observed on the RSI, if it hits the support level again, the potential for a positive divergence and formation of trend change signs is high.
ZECUSDT trade ideas
Zcash (ZEC) formed bullish Gartley for upto 11% moveHi dear friends, hope you are well and welcome to the new trade setup of Zcash (ZEC) with US Dollar pair.
Our last successful trade of ZEC was below:
Now on a daily time frame, ZEC has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
ZECUSDTHELLO GUYS THIS MY IDEA 💡ABOUT ZECUSDT is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this LONG position..
and when the price come back to this area, strong buyers will be push up the market again..
UP TREND + Resistance from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
ZECUSDT | BREAKOUTZECUSDT hit the strong horizontal support.
The price has also closed above the falling resistance.
The bulls need to hold the important support level .
If bulls strength momentum we could see a strong pull back and after crossing the previous high we may see an upward surge.
Manage your trades accordingly.
ZEC - ShortZEC recently broke down the ascending trendline before getting instantly rejected, as the market rebound following equity future.
Price is showing signs of weakness and i believe price will go down as btc dominance is increasing and dragging down other coins.
Opened a short at $50.5, (currently in the red) but will hold it with a TP of $48-46, stoploss at $53
ZEC has maintained its trend!ZEC, which was in a downtrend, has maintained its trend, and the price of this currency fluctuates within the downtrend. The selling pressure has brought the price to the weekly support range, which was associated with a positive reaction in the first meeting. Support in the $45-$50 range was once associated with a 60% positive reaction. But it should be noted that this positive reaction in the downward trend is considered as a pullback in a higher time frame. For the short-term, the resistance of the $55 range, if it is retaken by buyers, could signal a trend reversal in the 4-hour time frame.
You can also draw a downward trend line in the 4-hour time frame, and if the trend line breaks and the resistance of the $52 range are broken, we can expect the price to grow to the $55, $58, and $60 targets.
ZECUSDT | BREAKOUTZECUSDT has been trading with in a falling wedge .
The price currently approached to upper boundary of wedge and has given breakout above wedge .
The price also made a double bottom and bulls get in control from same level.
The bulls will get complete control above the break of horizontal resistance zone .
Trade your level accordingly.
ZCASH/ZEC Could it be any more beautiful than this?... than ending this long downward move with an ending diagonal (marked with a falling wedge which will explode in one direction soon)
Lets see how good thing impulse from here.
Invalidation recent low!
Hold my beer pls
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No financial advice, do your own research, don't be stupid