ZECUSDT trade ideas
ZEC / USDT (Zcash) | Will The Price Bounce Above The Triangle?ZEC / USDT (Zcash) | Will The Price Bounce Above The Triangle?
As all the other currency pairs Zcesh is still in the red areas given the fact that BTC is
still holding all the other currencies down very strong.
On the actual patter Zcash is creating a type of contracting triangle.
A breakdown of the price below 59.30 cash help it to move lower.
A break out of the price above the triangle will help the bulls to take again the price control.
Thank you and Good Luck!
ZECUSDT|Coin Review|Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
▫️Locally, the asset is in a downtrend, the plan for a deal is from the breakdown of the countertrend of the double line.
Sample deal plan:
▪️entrance - $72.65
▪️take profit - 79.65
▪️Stop-loss - 69.90
▫️Not financial advice, just sharing my thoughts, only you are responsible for your transactions!
▫️Happy trading and good mood everyone.
ZECUSDT is testing the weekly resistance
The price is in the consolidation phase between the monthly and weekly resistance
On the 4h timeframe the price had a breakout and retest the previous resistance as new support.
how to approach it?
IF the price is going to have a breakout from the weekly resistance and retest as new support, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
Zcash (ZEC) Price Prediction 2022Zcash (ZEC) holds the 59th position on CoinGecko right now. ZEC price prediction 2022 is explained below with a weekly time frame.
The above chart of Zcash (ZEC) laid out the falling wedge pattern. In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal.
This pattern indicates a breakout in the price trend towards an upswing. From the above chart, we can interpret that the momentum of the downtrend is slowing down.
Currently, Zcash (ZEC) is in the range of $80.00. If the pattern continues, the price of ZEC might reach the resistance levels of $132.70 If the trend reverses, then the price of ZEC may fall to $52.20
Zcash (ZEC) Support and Resistance Levels
The chart below shows the support and resistance levels of Zcash (ZEC) .
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Zcash (ZEC).
Resistance Level 1 $96
Resistance Level 2 $134.1
Resistance Level 3 $172
Support Level 1 $71.5
Support Level 2 $50.2
ZEC Resistance and Support Level
The charts show that ZEC has performed a bullish trend over the past month. If this trend continues, ZEC might run along with the bulls overtaking its resistance level at $123.7.
Accordingly, if the investors turn against the crypto, the price of the ZEC might plummet to almost $50.2, a bearish signal.
Happy Trading !!!!
Careful what you wish for ZCASHConfirmed to have exited the yellow channel and turning into green for acceleration.
Already triggered 1.886 to continue higher with minimum target 2.618 90$.
This could quickly beam zec up to the upper green boundary around 125$ with a good chance to overshoot to 8.236 level at 170$
To be monitored while sitting back and enjoying the ride
Hold my beer pls
----
No financial advice, do your own research, don't be stupid
ZEC in acceleration modePicturing simply that big triagnle ZCASH has printed is crazy. After sweeping the lows below, it has finished a corrective pattern with perfect 5 wave structure in the end.
From the low we have started the yellow trend which is now being left for an accelerted green channel and blasting through first resistance in red.
Next hudle will be the bottom of the triangle, once taking, expect the upper boundary to be tested pretty soon giving a nice 50-80% rally which could mark the top for a possible 1st wave of the next impulse up to insane price ranges with 4 digits
Hold my beer pls
----
No financial advice, do your own research, don't be stupid
Zec | Bullish opportunity.I found a beautiful curve. For more than 50 days, ZEC rose and fell in this bow. The $68 barrier looks very strong.
But if it can break through it, ZEC has a chance to go to $86.5.
If you like and support our analysis, please give us a like and leave your comment.😘
Good luck~☘