Hey guys keep an eye on Zcash this week. It looks like it is setting up for a bullrun.
I will update as things develop, right now I am looking for areas to enter long.
Possible pennant forming in ZEC. Indicators look decent, just need volume at the trigger and we could boom. Zcash is one of the big pump coins so it could go very high.
For ZEC i see two possible trend lines. At the end we will see an up fibo 0.5 (260 USD). Before there could be a correction down to 185 or 140 USD.
Let's see what happens. Happy trading. :-)
The price bounces from 200.00 support level. RSI confirms price reversal in the oversold zone. We have a buy opportunity. Pending orders for buy must be placed at 220.00 level with stop orders below 198.00 level. Profit target is at the resistance level and the part of trading volume can be left for long run.
ZCash is currently on a downtrend from the major resistance zone at 0.074-0.077 ZECBTC.
However, price found support from last week uptrend.
A close above immediate downtrend, may lead to a short-term uptrend to 0.0692 ZECBTC
Entry and Exit levels shown in the graph
Although market is close to historic support levels, last resistance zone failed break could...
Yesterday, I thought that ZEC could break loose but it didn't because BTC was dropping. ZEC volume is increasing and could subside in the next few days. It's possible that ZEC could go to the bottom of the channel. After it drops, it could go the next up target indicated in the chart above.
I suggest you buy when ZEC drops and when selling subsides.
By the way,...
ZCash is showing strong signs of trend reversal on the daily chart.
A major resistance level has been broken, after confirmation of such break with the next bar on 4H or 6H charts.
Entry levels are shown on the chart.
ADX is moving from Range to trend and +DI and MACD are beginning to confirm bullish market.
WNZ
Get live updates and analysis of the...
ZECUSD broke major downtrend, and is now on an uptrend channel.
Based on risk/reward, is close to the same level (1) on both entries.
ZECBTC is another story. This trade will allow you to diversify your portfolio.
Zcash had a dramatic rally along with the rest of the crypto market. There is still not enough data to post a proper weekly analysis, but based on the rally and crash, major support and resistance levels can be drawn.
The $165 has proven to be a major support with some exceptions on the downside.
Falling below the blue zone under $140 should trigger stops on...
BTCUSD pair is currently close to resistance levels, however, ZECBTC has shown weakness since its peak, and broke the Bearish triangle on the downside. Moreover, came back to test support and failed.
Therefore we have an exit signal.
There is a Risk/Reward of 1.17 on this exit, if levels are defined over resistance and under support zones.
Also, BTCUSD pair...
Zcash (ZEC) boasting a $193.14 million dollar market cap and holding its Rank at #18 in the crypto currency battle for dominance it shows signs today, Aug 2, 2017 @ 0.07166038 of pushing higher as it breaks thru the 200 moving average on the 4 hour timeframe. Zcash previously broke this zone and soared above 0.160000 with little if any resistance. Minimum risk on...
