ZECBTC trade ideas
Zcash bullish accumulation pattern above support level.Hello Traders,
Here is a simple and quick analysis for ZEC BTC who made a bullish accumulation pattern above an important support level, our indicator shows us that we still on bullish momentum.
The target is the next important resistance level and stop-loss must go below the support level.
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Zcash (ZEC) Solid Chart, Can GrowZcash (ZECBTC) hasn't been making much 'noise' lately but the chart is pretty solid.
Not "strongly bullish" as most of the charts that I share but solid nonetheless which is still pretty good.
The prices for this pair remains trading above the major MA200 line and also EMA300, as well as the minor ones, EMA10/50/100.
I've kept this chart simple and marked the next main potential path.
Please notice that this just the potential path, surely other scenarios can develop but this is the most probable based on my experience and also the signals coming from the chart.
The dotted lines crossing the charts are for resistance and support.
Resistance = above the current price.
Support = below the current price.
Based on Fib. proportions.
This chart is different from other altcoins and shows real action (people/groups) rather than only trading bots buying and selling.
How do I know this you ask? 😊
Because of the patterns being drawn on the chart.
Thanks a lot for reading.
Namaste.
Previous chart | May 17
Don't miss the great buy opportunity in ZECBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00539). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ZECBTC is in a range bound and the Resumption of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.00560
TP2= @ 0.00580
TP3= @ 0.00610
TP4= @ 0.00640
SL= Break below S2
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Don't miss the great buy opportunity in ZECBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00539). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ZECBTC is in a range bound and the Resumption of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.00560
TP2= @ 0.00580
TP3= @ 0.00610
TP4= @ 0.00640
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Bullish momentum ZEC/BTC.Hello Traders,
ZCASH seems to be breaking out a bullish accumulation pattern after the long term downtrend line breakout. But be careful this asset is facing a liquidity problem.
As we can see in the image above, this asset is facing a liquidity problem, where it is causing many traps for small players.
I'd rather stay out of an asset like that
But the potential for this asset to rise is very large when looking at the long term
Bullish formation on ZECBTCBINANCE:ZECBTC
ZEC is forming a bullish round bottom that should target 0.0059 and 0.006057 once it breaks above 0.00567~0.00569 zone.
Buy the pull back at around 0.0055 to 0.00553 with stop at 0.0052 or buy the break out with stop at 0.0054.
Hit the like button please if you find this useful :)
Do your own analysis before following my ideas
Happy Trading!
ZEC/BTCZEC is looking bullish on the daily and is close to breaking the symmetric triangle. It has recently regained the 200EMA, which has been acting as dynamic S/R.
On the ZEC/USDT pair, which is posted below, its been also forming the same pattern and confirm my bias.
I take a long here.
Note: If you like the content and the setup, please give me a follow not to miss out on many altcoins charts to come.
ZEC/BTC 400% Potential in mid term holders#ZECBTC Chart Update:-
#ZECBTC Now looks Good for fresh entry.
Now Struggle at Strong Resistance level at 5600 Satoshi.
Entry 1: already Filled from last chart and now 30% up from 1st TP.
Entry 2:- 5000-5600 ( Accumulation zone) good to accumulate this range.
Targets:-
Short term:- 6950 Satoshi
Mid term:- 9881/12641 Satoshi
Long Term:- 14331/21238 Satoshi
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Thank you