A puncture and fixation over the level would be a buy signal for me.
there will be a clear stop loss.
and in the meantime, without a puncture, there's a chance of going down.
Friends, thanks for your likes and comments!
Good luck with trading!
Zcash is giving us many signals that is about to revert its downtrend. First we had a beartrap in an important support level, second it is forming a bullish triangle and third is about to break out a downtrend line at the daily RSI. Therefore, bitcoin cash is a currency to pay attention for the next days.
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Hi friends hope you are well, here I have found another profit potential trading idea for you and this time I have found a harmonic move by Zcash (ZEC). The Priceline of ZEC is forming bullish Cypher pattern and soon it will be entered in potential reversal zone and will be ready for bullish reversal soon.
Lets have a look on the Zcash priceline's move:
Zcash has a lot, and i mean A LOT of confluence right now. I feel very weird about shorting an altcoin right now but when the TA gods speak, i listen.
Reasons to short:
- Rising wedge pattern
- Quadruple bearish divergence on the rsi
- Quadruple bearish divergence on macd
- Bearish divergence on the daily
- Bearish divergence on the 1 hour
- Strong weekly...
So this is the 4th post i will be making as i made post every 4days. The first 3 post i made was 90% accurate results as yesterday i mentioned about the pullback when it reach 70$ and in an instant it blew down
as stated on my post it will play around 65-67$ which is our buying period. Are you ready to go up to 80$ in a full swing???? BUY BUY BUY...
Yes we reached our target and so far so good the 2 previous analysis i made happen.
For today as were expecting to hit 70 and i am sure we will be hitting if not today by tomorrow. We will be having a pullback at possibly 65-68$ range which will be another buy time for us before it blows to 100.
As you notice the chart going to 70$ its almost going beyond the...
. There is a possibility of temporary retracement to suggested support line (28.13). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. ZECUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
Conclusion for today’s Zcash Analysis: Breakout from the long term bearish channel implies higher prices in ZCash (ZEC USD).
A log scale is used on the Daily timeframe for today’s Zcash analysis. A bearish channel is used to provide perspective for price action starting from June 25, 2019 to October 24, 2019. The bearish channel lasted for about 4 months prior to...
Priceline of Zcash / US Dollar has formed a bullish Crab pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
RSI is oversold.
Volume profile is showing less interest of traders at PRZ level and MACD is strong bullish but...
. Zcash/US Dollar is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 14.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
. There is a possibility of temporary...
How I converted from Zcash to BTC.
Last few months I devoted my time to investigate Zcash (going beyond technical analysts) and come to the conclusion that I need to sell all my ZEC position and buy BTC.
Since I haven't found concentrated/summarized thoughts at one place, I decided to make a tweet so others can find this useful.
So let me name few...
Full TP list of the ZCASH for long term investors
until 58.05, support is valid, uptrend is possible to happen. but ZCASH should break resistance at 91.30
In case that support at 58.05 is broken, this forecast is not valid anymore.
Why we think for a long:
1- Positive Divergence is a good sign of beginning of the uptrend.
2- A trough is formed in daily chart...