ZECBTC trade ideas
My current scenarioThe price could build the XABCD structure (as on chart), which will be bullish. There is still space to go deeper (based on the indicators on chart).
But there is also a hidden bullish divergence between point B and current price, so I’ll be watching if the price will go deeper, or will change a direction.
There is not any financial advice, just what I see on the chart.
It's Tight!!!! (ZEC)Support & Resistance all playing a major role on the weekly pair to btc.
Monthly Squeezing hard.
ZCash is a cryptocurrency with a decentralized blockchain that seeks to provide anonymity for its users and their transactions. ZCash increases user privacy by using zero-knowledge proofs (zk-SNARKs) to validate transactions without revealing information that could compromise a user's privacy.
ZEC / BTC DAILY SHORT EDITZEC, HOLDING STRONG!
Zec moving inside channel, good reaction of the channel support, big volume injection after BTC pump good sign, looking good to go higher. I have write in some short term targets, but keep in mind, BTC affect ALTCOINS!
Keep an eye on this one mates! :)
Catch a bid or HyperbitcoinizationNeed to catch a bid here to hold a torch for all altbtc's across the land
ZEC/BTCZEC is sitting on the demand zone. Everytime the price drops to this zone, it bounces off quickly as you can see we have so many Hammer-like candles around this zone. A huge sysmetric triangle is forming and about to be broken. Also, ZEC is sitting on 200EMA on the daily.
I took a long position 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.
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Idea on ZEC/BTCZEC/BTC is currently touching a support.Fibo is on 1 percent.I can speculate about profiting on short term and also long term retrace will be soon.
When u like pleas hit Thumbs UP or buy me a beer :) Easy profit 2-5 percent ;) and ps: Bull Flag maybe ...
Finished abc corretion - now ready to climb againSupport is previous Elliot Waves. Macd is going over to more buyside. I bought a bag :)
ZCash Wedge ZCash looks to be looking for a bottom
It seems to have formed a falling wedge
Price should be volatile in the 1.618 Fibonacci ring, if volatility is not seen within the ring a transition between rings will see volatility
Price is above 200MA
Don't miss the great buy opportunity in ZECBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0057). 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 beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 0.00736
TP2= @ 0.00987
TP3= @ 0.01258
SL= Break below S2
Don't miss the great buy opportunity in ZECBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0057). 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 beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 0.00736
TP2= @ 0.00987
TP3= @ 0.01258
SL= Break below S2
ZEC/BTC 12H (Binance) On falling wedge support after fakeoutZcash is back in wedge and looks ready to grow for mid-term.
I advice you to keep an eye on other privacy coins like Monero & Dash too.
Buy Entry= 0.005004 - 0.004824
Take Profit= 0.005395 | 0.005782 | 0.006196
Stop Loss= 0.004431
Risk/Reward= 1:1 | 1:1.8 | 1:2.65
Expected Profit= 9.79% | 17.66% | 26.09%
Possible Loss= -9.83%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x | 3x | 5x
ZECBTC🔔 Exchange: Okex🔔
#ZECBTC
Signal Type: short term
Trade Type: long position
Range open trade: 0.0063-0.00639
Amount: 5% from deposit
Target:
1: 0.00647
2: 0.00655
Stop area: below 0.0062
Update - Aiming around .01I have been tracking this pair for some time now. In my previous post, I stated that an upward break from the bottom pattern would likely be resisted from the pink line that I have now dragged out on the log scale. This line was significant to me back in October as it was initially acting as a rising support in the symmetrical triangle that was formed from the first touch below .0037 BTC, which I was calling the bottom. The price broke down below the pink line and acted as resistance before price fell sharply on the bitcoin short squeeze from About 7.5k -10.5k in a single day. When the price ZEC did break out of the bottom pattern, we can see it was resisted by this pink line. Now the line is sitting just under .01 btc. This could act as a short term target from here. Take it for what it is worth...it is just a line ;)
Zcash Gains MomentumZcash (ZECBTC) is now gaining momentum.
Here we are looking at the daily timeframe and we have strong bullish signals.
Prices are now aiming at the 0.786 Fib. extension or EMA300 (grey line).
ZECBTC can easily produce a short-term retrace after this level is hit. Everything is pointing up.
Previous analysis:
Namaste.
My Current View For Zcash (Chart Mapped)Here we have the chart for Zcash (ZECBTC).
We have bullish indicators and prices challenging resistance.
The immediate resistance is now EMA200 (0.005663).
ZECBTC will continue to push up until this level breaks.
If not enough momentum can be gathered, prices will retrace before the next try.
We remain bullish even if prices drop below support.
We expect a strong bounce after if such a scenario comes to pass (blue arrow).
Namaste.
