AndrewDavis5
Long

ZCash Potential ~35% profit opportunity

BITFINEX:ZECUSD   Zcash / U.S. Dollar
ZCash / ZEC "Potential" ~35% profit opportunity.
ZCash is to be listed on the Gemini Exchange today (up 3% since my Twitter post 1 hour ago).

Please note, this isn't a coin I've followed very closely, however, recently it has been doing it's own thing instead of moving with BTC's price.
The analysis seems to make sense that it has completed correcting, and about to move upward again.

I remind that ZCash is a volatile coin at the moment and it's best for you to do your own research and/or check out other opinions/analysis as well.
Comment: ZCash didn't fair too well in the past few hours, Bitcoin's heavy drop today likely didn't help.
As I mentioned, I haven't followed ZEC much before, nor did detailed analysis. Please do additional research.

Observing it more closely however, it's BTC/ZEC pair seems to constantly find support across that orange trend line. It may now be a better buy opportunity (still DYOR).

I had analyzed the USDT/ZEC pair earlier, which may not have been the better trend to watch.

Comment: ZCash is currently pumping while most other coins are falling.
I posted this potential bottom 1hr ago.
ZEC up ~6% since.
Comment: ZCash is currently pumping while most other coins are falling.
I posted this potential bottom 1hr ago.
ZEC up ~6% since.

(Added chart)
ZCash didn't fair too well in the past few hours, Bitcoin's heavy drop today likely didn't help.
As I mentioned, I haven't followed ZEC much before, nor did detailed analysis. Please do additional research.

Observing it more closely however, it's BTC/ZEC pair seems to constantly find support across that orange trend line. It may now be a better buy opportunity (still DYOR).

I had analyzed the USDT/ZEC pair earlier, which may not have been the better trend to watch.

Reply
is that a bull flag
Reply
AndrewDavis5 TrendyNerd
@TrendyNerd, It looks like a Bull flag may be forming at the moment, yes.
Do note that BTC is currently down-trending, but hopefully ZCash continues to do it's own thing.
Reply
TrendyNerd AndrewDavis5
@AndrewDavis5, i hope it does its own thing also and hopefully this is an upcoming bullish move.
+1 Reply
AndrewDavis5 TrendyNerd
@TrendyNerd, I hope so as well.
Reply
@cryrok, It will have "some" negative influence, but it should not be great.
I don't believe that Coincheck is a greatly significant or well known exchange.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out