readCrypto

Zcash (ZEC) - November 22

readCrypto Mod Updated   
BITFINEX:ZECUSD   Zcash
Hello?
Welcome, traders.

If you "follow", you can always get new information quickly.
Please also click "Like".
Have a nice day.

-------------------------------------

(ZECUSD 1W Chart) - Medium to Long-Term Perspective
Above 102.42 point: expect the uptrend to continue


(1D chart)
First resistance section: near point 302.42
Second resistance section: 371.83-394.97

First support section: near point 162.04
Second support section: 94.18-117.32


I think the interval 209.87-233.01 is an important interval that determines the trend.

Therefore, it is necessary to check whether there is a movement out of the 209.87-233.01 section due to the volatility around November 26 (November 25-27).


A break from the long-term downtrend line and the medium-term downtrend line is expected to accelerate the uptrend.

Therefore, we need to see if we can sustain the price above the 239.40 point.


The price needs to remain above the 162.04 point to continue this uptrend.

If the price declines from the 162.04 point, it may lead to the second support zone, so trade cautiously.

------------------------------------------

(ZECBTC 1W chart)
Above the 0.005954 point: expect the uptrend to continue

Above 0.0151-0.016096 point: expected to create a new wave

------------------------------------------

We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

------------------------------------------------------------ -----------------------------------------------------

** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying the formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

---------------------------------
Comment:
(ZECUSDT 1W chart)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.