We had tested the support line and there was formed a rising channel with the falling wedge inside.
Target - the middle line of this channel and more.
17 November 2020 (or earlier)
This is an addition to the previous Zec idea .
In this idea, we expanded the transition channel and identified global targets.
If in the coming days the ZEC price cannot rise above $66 , then buyers' weakness will be confirmed.
In this case, a fall scenario with a lower target $43.6 will be activated .
If the price fixes above $66, we will expect the ZEC...
Oh Yes! The fun is just getting started. That was quite a large Wave 1 (compared to top ten cryptos), and it looks like there is plenty more to give. First initial Fib Goal charted in. Obviously if we retrace lower than SubWave 1 start, then all bets are off, but this is somewhat unlikely at this stage. Strap yourselves in and NFA.
In half a year, one of the old crypto coins ZEC made x6 .
The only significant news on the horizon of ZEC is the mid-November halving.
It seems that ZEC is traded only by those who mine it and then sell it on the market.
Perhaps, they will be interested in this idea.
Now, we assume a fall of ZEC price to $42.5.
And from this level, we can expect a rebound...
🌴FREE COIN ANALYSIS🌴
💎Break-in market structure with a higher low and higher high.
💎Buy volume shows the break above the diagonal trendline was genuine; it also gets successfully retested and now piercing through 100EMA.
💎#Zcash Halving event scheduled for November.
💎The market sentiment looks great for BTC <> ALT correlation reverses and altcoins...
In 8 days since we gave our fresh short signal, ZEC BITFINEX:ZECBTC dropped like a brick and we have 16% profit so far.
Considering its distance from daily EMAs I believe we'll see some consolidation and maybe even a short counter-trend rally.
Unless it closes above 0.0057 sats I'll assume we're still in downtrend.
Let the profits flow!
1. Zcash is a privacy-protecting, digital currency built on strong science.
2. Zcash is the future of money, but a type of private money decentralized.
3. Zcash is one of the cryptocurrency with implementation of the strong privacy features.
4. Zcash was developer and launched by top crytographers in 2016. This proyect has the best research that has been created...
Hey, friends hope you are well and welcome the new update on Zcash (ZEC) coin.
By the grace of Allah the most high my previous idea has been executed exactly as per defined targets:
Now on the weekly chart the priceline is having very nice bounce from...
This setup seems like a retracement of Zcash on the lower timeframes.
But the whole picture, if we look at 3days timeframe, it`s quite bullish!
Here is what indicators are saying:
Sell on 2 hour chart
Sell on 7h chart
Buy on 3 days chart
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle,...
Context: ~31 days until Zcash's first halving
Since April 12th we've entered an ascending channel with consistent higher lows and higher highs. We've yet to revisit this year's $100 high set during early August, but instead, have seen action mainly concentrated between the $50-$75 range. There seems to be strong support at $50, but even stronger at $44.
Zcash BITFINEX:ZECBTC couldn't break long term resistance (thick red line) . Key support @0.00611 is broken and it possibly started a new downtrend.
Considering it sits right at 200EMA we can see a reaction but it's not for sure. Going below 21 EMA will be a stronger sign of downtrend.
Unless it goes above @0.00611 again I'll be shorting it.