Hi Everyone;
today we have one of the best risk to reward Investment opportunity
it is more than 700 times the risk and the chart is look very promising.
I expect breaking the previous bear market key point will clear the way to the final target
Zcash
Intraday - We look to Sell at 108.90 (stop at 114.47)
Our outlook is bearish. Broken out of the triangle formation to the downside. Neckline resistance 109.00. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 109.00, resulting in improved risk/reward.
Our profit targets will be 94.10 and 92.00...
this is an update of Zcash Analysis which we did on 01/02/2021
as we can see our Hidden Bullish Divergence Implemented, price made a rally and higher high, touched the TP Zone Green Box, where we had our 161.8% level Fibonacci projection Triggered.
price corrected itself and retraced down to the past ATH and Top of our Ascending Channel, so we got our...
Optimistic scenario a channel is formed by a large up move
Of course this up move bars pattern is copied from the previous bull move, the only really comparable price action that we are likely to see
three green circles can be viewed as "three up" move
Not a fan of ZCASH but this TA suggests potential.. If you base your buys on TA.
The first 5 ascending waves started from the range of $ 18.13 and ended at the level of $ 102.42. The corrective movement of this uptrend has been completed in the range of 46.27 which is approximately equal to the Fibonacci ratio of 0.618. By crossing the price from the range of 89.77, which is the end of wave B from the correctional structure, we can be hopeful...
Price is at a a key level and considering the hype and positive reviews, we all know Zcash will definitely increase in price.
From a technical analysis point of view, the first price target will be the top of the ascending channel with a possible continuation to the previous supply zone after which we might see price slowly dwindle down to form new lower lows.
...
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...
