Welcome to Technical Analysis on $Zcash (ZEC) which is one of the next big thing (not judging by the roomors), but tecnicals and fundamentals.
We have one of the biggest falling wedges ever on #ZEC at the moment, but since volatile as usual, #ZEC seems very hard to predict if i may add.
Lets rollback at the beginning.
Zcash was listed on...
ZECBTC has potential to bottom by July.
GDPR regulation is being overlooked. No large North American or European bank conducting transfers using cleartext blockchains will be able to meet regulatory requirements.
"Laws such as Gramm-Leach-Bliley, HIPAA, and COPA in USA and GDPR in Europe mandate the use of encryption, along with other tools and processes, to...
There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.01490 would begin in Midterm.
The RSI support #1 at 46 is broken, so the probability of beginning of uptrend is decreased.
A peak is formed in daily chart at 0.01528 on 04/01/2019, so more losses minimum to Trend Hunter...
Moving in falling wedge - reversal pattern. Yu can see biggest trading volume since January
ZCASH moves not like the whole crypto-market. If you look at chart ZECUSD you can see squeeze I think this is position liquidation. In my experience, after such a squeeze, an increase occurs.
There is a possibility to uptrend developing on ZECUSD, Hypodermic Accumulation Phase spotted.
Bullish Divergence on 4-Day chart, also quite interesting buy signal.
Watch the price breakout from the resistance and enter this trade.
Targets based on resistance levels:
I am looking at Zcash (ZECBTC) on the request of some of my followers and I am seeing some early signals that are pointing to a pontetial breakout to the upside... Potential, because these signals are early which means that they can be easily invalidated.
The stronger the signal, the higher the chances that it comes true and price moves to where the signal is...
In my previous analyze I'm long for Zcash and I confirm again today, Zcash it's the last one who doesn't really pump. We should remember that the price for Zcash it had before it was 600 $. So we need a pump.
The whales has ready I can feeling that ;)
Hi all, today I am looking to ZEC, there is big Falling wedge from 2017, and now we are near end this pattern, is big possibility that ZEC is preparing for big jump, another indicator MACD show us longterm bullish divergence, so Zcash can do great numbers soon. But we must be careful and trade with stoploss, because BTC is now unpredictable.