ZECUSDT trade ideas
Zcash Reanalysis: Wyckoff DistributionYou can take a long position now and expect it to make a new high to 167 . If the buyers' strength are powerful enough, it could even break above 170 . But anyways, if the Wyckoff Distribution plays out, you can expect it to range for quite a while before making a huge drop down to around 128 or even further. You can take advantage of this ranging market, so don't miss out on Zcash moves.
Possible Wyckoff Distribution for this privacy coin, Zcash.ZEC had been literally skyrocketing in recent days. However, the Accumulation/Distribution indicator seems to show that ZEC has entered the distribution phase. ZEC also seems to have formed a possible Wyckoff Distribution, and has failed to climb above 167 . If you are looking to short, short at around 160 .
(Just an opinion!)
Bulls receive a rejection from the $160 mark The Zcash coin has been slipping lower since beginning of this week and has lost almost 9.8% in just 3 days in price.
The market cap of the ZEC token is down 8.7% over the last night, which is now $1.9 billion.
Panic sellers are approaching the 200-day moving average on the daily price chart. If the bears manage to close today's price candle below the 200-MA, the remaining MA could act as a support level for the buyers.
Stoch RSI is retreating from the overbought area. The RSI is likely to bounce back from the bullish trend line (white). Furthermore, the Average Directional Index is indicating a weak bearish momentum for the ZEC coin.
Today the price of ZEC has slipped below the narrow horizontal range the coin was trading in for over 4 days. The 100-MA could act as a dominance zone for buyers for the upcoming trading sessions.
Resistance level- $190 and $300
Support level- $100 and $80
ZECUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. The price broke its resistance line and after a small pullback, it moved up strongly to the next resistance zone. The price can move down to the confluence of two supports and it will range between these two areas.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Potential Swing Bearish/Short ZEC UsdtTaking into account the current bearish nature of the market,most of the times those assets that tend to pump hugely without any logical reason except pump and dump scenarios, tend to crash the hardest as well.
I believe this asset is a strong candidate for this type of trading.
Key points:
Type of Trade : Short
Stop loss - 190 - 25% movement
Take profit - 90 - 40% movement
Capital used - 1% of the account for stop loss making a 1.6 profit factor trade in case of winning
usAnalysis ZECUSDTHello friends,
Welcome to these analyses about ZECUSDT , we take look at the 1D time frame.
Support points ( 80 )
And
Resistance points ( 170 . 240 . 320 )
Has been specified
The information is provided only for educational purposes, and should not be used to take action in the markets.
Thank you for watching the analysis
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Short ZEC Potential bearish tradeToday we have another good opportunity risk reward short entry, for this bearish market.
In this case I am looking at some anomalies(big pumps without a reason inside a bear market) and short them when I believe they are close to top/ATH
Key points:
Type of entry : Short
Take profit level 1 : 135
Take profit level 2: 120
Stops loss : 170
ZECUSDT - Resistance Breakout!ZECUSDT (1D Chart) Technical analysis
ZECUSDT (1D Chart) Currently trading at $140
Buy level: Above $137
Stop loss: Below $103
Target 1: $158
Target 2: $172
Target 3: $190
Target 4: $250
Max Leverage 2x / Spot Market
Always keep Stop loss
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