The price bounced from the support zone between the neckline of the Head & Shoulders chart pattern and SMA100. After that, we got a breakout above the right shoulder. What does it mean? It means that the trend reversal chart pattern is not relevant anymore. The breakout above the right shoulder gave us a strong bullish signal. I wrote in the previous post that...
Hello guys this is just my insight based on my observation on the charts and market. Since we broken the 56$ or above the right shoulder. We are heading to 60$. before we get to the peak we need to hold the 56$ mark. To prove this theory we cant do down 56$ or we will break the pattern. We still have the day to go up and down but since its broken the ice at 56$...
If we look at the 4H chart, we will see the Head&Shoulders chart pattern. It belongs to a reversal group of patterns. We need to get a breakout below the neckline, just in order to confirm this pattern. The price tried to break this signal line, but now we have a reversal from this line. It means that a strong bearish signal probably won't be developed into a...
Zcash broke down from the Symmetrical triangle!. Price will test the 0.5 fib level soon. Failure to bounce there will lead us to a bigger/deeper correction. Altcoins market is still strongly correlated to Bitcoin price action. No new entries on ZEC for now. Still positive that this is more of a correction in an uptrend than a pump & scheme.
ZEC has given investors an exciting start of 2020 with over 100% returns! I believe this coin has a very bright future mid to long term and beyond. Keep in mind ZEC originally hit the market at $2.3 million. It is one of the coins to completely retrace in price and had a beautiful double bottom last December. However, Im seeing a head and shoulder pattern...
Monero is another Altcoin which has broken out of a long term downtrend vs BTC. Privacy coins seem to be of current interest for pumping. Might be worth building a stack of $DSH, $XMR & $ZEC
inflation is too high Every day, 7,000 zcash are mined
Zcash($ZEC) Technical Analysis: 15/01/2020
The Zcash (ZECBTC) chart is now printing a very strong bullish candlestick to break above EMA10. We are seeing good volume coming in after a new low was hit yesterday. I can see that bullish divergence is showing with the RSI and yesterday's candlestick was a Doji. Additional details, including targets, can be found on the chart. Feel free to hit LIKE to show...
$ZEC ZCash appears to have broken out of a bullish double bottom pattern, after several months of steady decline. Expecting a quick pump to target, similar to what we saw with $XMR Monero. Classical charting target is $41. Might be worth hodling some though, as a longer term trend reversal may continue. Leveraged ZEC trading available on BitFinex sign up here:...
Hello Community, i would like to discuss the Bitcoin alternatives with you guys. Why are they surging so hard compared to the market? Did i miss anything? Is Bitcoin getting heat from its competitors? Is this a change in Valuetation of Bitcoins longterm Value? Do they have fundamental advantages over bitcoin? Best regards Kai
Buy zone: 38,27 Sell zone: 39,56 Buy zone: 36,71 Sell zone: 38,27 Buy zone: 35,15 Sell zone: 36,71
Didn't expect such a parabolic move but when ponies get out the stable they turn into bonafide justin beiber stallions...
Zcash (ZECBTC) just broke the last high and is now trading above EMA100... Momentum is starting to build up. Looking at the volume indicator, the green bars are becoming bigger, strong volume to break above EMA100 and the black trendline, we also have a very strong RSI. Zcash can easily produce an impulse move to the upside next, based on the signals mentioned...
We started monitoring this asset as soon as it entered the horizontal channel and this was accompanied by the increased volume. The price formation is now looking like a double bottom and the following evidence supporting that: 1) We broke the 50 daily MA line 2) A steady increase in the volume after the second bottom and the current bar is above the 20 MA 3) A...
I know people haven't been doing much with ZCash and it's gotten destroyed. But here's the thing, we haven't seen a rebound in ZCash basically at all. Technically the RSI is oversold. But that matters very little. It does indicate we'll get a bounce up, but we are banking on that in the coming years with increased global turmoil, we'll see a move back to privacy...
Pretty neat to see price action respect that trend line established late May 2017... We have definitely reached a pivotal moment in ZEC Will we see new all time lows or multi thousand dollar Zcash? They say that purple is a royal color.... Don't ask me I'm a peasant... for now ;)