ZECUSDT trade ideas
Not quite bullish, ZcashZcash has formed a descending triangle here, as you can see. It will probably retest 172 - 173 before continuing to drop further, possibly to 154 ? A/D shows that Zcash has not been accumulated, nor distributed, so the chance of being dumped is quite high, so don't miss this great drop.
ZECUSDT wants to go more higher The price created a double bottom on the monthly support on 86$ and created an inverse head and shoulder with the dynamic resistance.
After the breakout, the price had a retest of the neckline and started with a very nice bull run.
Actually, the price is creating an ascending channel on 4h timeframe and had a breakout from the weekly resistance on 192$. As you can see on the daily timeframe, the price is testing the 0.618 Fibonacci level exactly on the 4h resistance (215$)
How to approach?
We could see a retest of the weekly resistance on the 192$, the price needs to confirm the flip and grab new liquidity for the next bullish impulse.
Otherwise, if the buyers push up again, we could see the breakout of the next key level 214$. So, I'd like to see a clear breakout of 4h resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
A Clean Channel in ZECUSDTAs i draw there a channel can be seen and now we are heading to the lowest line of the channel also my Indicator confirm that and give us a buy chance ;moreover, we can notice a range box in H1 RSI as I mentioned for you in the chart.
personally i will go long in two steps first one here and the second one is in last Support and i put my SL exactly 5 percent lower than the support
ZEC RSI CROSS! ❎ 🚀As the title states, we are at an huge RSI cross for ZEC .
My position: T194.47, encompassing 50% of allotted, available trade capital for margin ZEC trades today.
Remaining 50% of capital will be placed either directly back T194.47, or I will wait for an eventual drop to the T189.97 level.
Let's do this.
ZEC Moving(+), predictions...Here I go into a detailed overview of how I use the RSI to visually recognize crosses , to forecast price fluctuation.
I also go into a bit of detail as to how I believe ZEC is going to be playing out in the coming 1-2 weeks.
Be prepared to be long in the short-term, with vigilance as ZEC readies itself to hit its historic downtrend rolling on south from about a year ago.
Zcash ZEC low timeframe trend decision day. Reverse SoonUpside technical Resistances: TLDR "Its all in your head"
210-215 - 1W ichimoku edge range
235 - 1W BBand Upper
250 - Psychological
300 - Psychological, prior local top
400 - Psychological, prior multi-year top
500 - Psychological
800 - Prior Long Term ATH 2017-2018 meaned wick
1000 - Psychological
1500 - Psychological
2000 - Psychological
2500 - Psychological
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