ZECUSDT generating energyThis analysis was a special request. I currently don't own any of this crypto, however I am considering buying it soon. That being said...
Support point at 119 seems to be holding well since May. With continuing respect for this support point, we can very well see zcash making its move up to the next higher heavens. We will either see it make a quick stop at 353 and develop a support point there before it makes its way higher to the newest, untouched resistance point at 2000. Long term goal is the 2000 zone, short term is around 350.
If you pay attention to the support point at 62, you can see it developed enough energy to smoke past the 119 resistance and right up to the 353 resistance. From there it pulled back to test the 119 support, which is where we are now.
We could very well be in that same position now, where price will smoke past the 353 resistance and make its way right up to 2000 before it pulls back to test the 353.
So either way, in my opinion, 2000 is the goal for zcash and sooner or later that goal will come to fruition.
ZECUSDT trade ideas
Strong support ( ZEC 1W )(( please read the description ))
Strong support, ZEC support by MA 50, The first Target is to defeat the resistance, Profit can also be in resistance.
tip :
* MACD ( Shows an uptrend )
* The trading is above the MA 50 (Blue line), one should hope for an uptrend and test the resistance Zone
I tried to identify the points of support and resistance for you, Trade smartly, Good luck.
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* The responsibility for buying and selling lies solely with you *
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ZECUSDT - Wait to EN1 or EN2 To safe entry priceAfter both encounters with this resistance, make a correction to the trend line and wait for the best price to enter until the correction is complete up to the trend line.
This is not financial advice, The purpose of these Charts is to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. the Cryptocurrency market is very volatile and involves gains and losses, so know very well what you are heading towards before engaging in it.
The information we mentioned here is a personal effort that is subject to success or failure and we welcome constructive criticism.
HiGood morning starts with a good trade, wolves🔥
One more formation. So get ready
The price multiple times bounced from support and resistance level.
Possible retest of the level is expected.
Follow the chart and look for the best price to enter carefully.
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And always remember: "we don't predict, we react".
ZEC Getting Ready For A Big PUMP 🚀ZEC is looking pretty good, as soon as we break the massive resistance that we have above there will be a very big parabolic movement on this cryptocurrency.
The more times a resistance is tested, the more chances there are of breaking it. This is what happens when you have a parabolic run, a massive crush, consolidate and then you are ready for more price action to the upside.
The first target after breaking this resistance and closing the day above it would be around 270.
We just need some green volume!
ZECUSDT is creating an ascending channel 🦐ZECUSDT is creating an ascending channel. IF the price is going to have a breakout, 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.
Zcash is the anonymous heaven. Enjoy our trading analysis.ZEC/USD is located in triangle right now.
If we manage to break through the resistance wall and confirm it in support, there will be room for bullish movement.
Each Fibonacci level indicates resistance.
In order for the potential bullish movement to continue, the upcoming Fibonacci level will need to be broken through & confirmed in support so that growth can continue to the next resistance, for which the same scenario applies.