ZECUSDT trade ideas
ZEC is Approaching Near to Multi-Year SupportThe Back Ground and Multi-Year Trend Line
After making an ATH of 370$, it shed almost 77% of its gains, a massive downward move. It almost loses 92 of value which is gained in the bull run. And after that, in the next attempt, it again touches the 305$ level, and history is repeating itself; it's near to shed 92% of its last bull run gains. On the downside, a multiyear well-established ascending trend line holds the price upward, and the price is rejected from this level five times, which proves its strength. Furthermore, RSI is near the oversold level, and it bounces back every time it comes to this level. Lastly, it's trading within a wedge, and the price is hovering near the support zone.
Point:
Price reaches the multiyear support, which is also a lower level for the wedge. RSI is hovering near the oversold level, and every time in the past, we see a bounce back from this level, and the bull run starts from here.
Pay Attention
It will be a good buying opportunity when the price visits the 0.40 level but pay close attention to the daily close; it should not breach the lower level. Rejection and its confirmation from this level open the doors for a new medium-term bull run that leads the price to TP1 (280$)
Risk / Reward and Holding Period
On the downside, the only risk is BTC breaking below $40K that can pull the price of ZEC below its multiyear support line. Instead of stop-loss DCA is recommended @ 80$, well there are few chances that it falls to this level. Hold it for atleast one quarter to get Return where the first target is 280$
It is not financial advice; always do your research.
Please, feel free to ask your question; write it in the comments below, and I will answer.
$ZEC/USDT 3D (Binance Futures) Adam & Eve breakout and retestZcash is pulling back towards 50MA support where it is very likely to bounce and resume the up-trend.
Current Price= 171.00
Buy Entry= 170.90 - 153.90
Take Profit= 227.44 | 305.44 | 420.52
Stop Loss= 129.65
Risk/Reward= 1:2 | 1:4.38 | 1:7.91
Expected Profit= +40.14% | +88.19% | +159.10%
Possible Loss= -20.12%
Fib. Retracement= 0.618 | 1 | 1.414
Margin Leverage= 1x
Estimated Gain-time= 7 months
Website: z.cash
Contracts:
#Mainnet
#BEP20 0x1ba42e5193dfa8b03d15dd1b86a3113bbbef8eeb
#BEP2 ZEC-93E
Zcash (ZEC) Analysis Updated 07/03/2021this is an update of Zcash Analysis which we did on 01/02/2021
as we can see our Hidden Bullish Divergence Implemented, price made a rally and higher high, touched the TP Zone Green Box, where we had our 161.8% level Fibonacci projection Triggered.
price corrected itself and retraced down to the past ATH and Top of our Ascending Channel, so we got our confirmation for the 261.8% level of the same Fibonacci Projection, which is our new higher TP (250USD)
as of now we have total of 3 targets where the 1 TP is the 161.8% of the same Fibonacci Projection where it is very obvious and 2 TP is also well confirmed now.
we can target the 3 TP (315USD), after a retracement from 2TP or if the Bull pressure was high, we can simply Trill our Stop Loss and target our ultimate Target.
i have linked the previews analysis too.
ZECUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market and lower
target: 185 - 220 - 260
after first target reached move ur stop to breakeven
stop: im w/o stop (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
ZECUSDT is creating a descending channelZECUSDT is creating a descending channel on the weekly support.
IF the price is going to have a breakdown, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
ZECUSDT Triangle formation!ZECUSDT (1H Chart) Technical analysis update
ZEC/USDT currently trading at $153.9
zec forming symmetric triangle in 1h chart, if triangle breakout we can expect up move in zec.
Buy level: Above 154.5 (only buy after symmetric triangle breakout
TP 1: $158
TP 2: $163
TP 3: $170
TP 4: $180
Stop loss:$146
Max Leverage: 2x