I'm long $ZECEUR from 225 euros here. I think we might have seen the bottom of the current correction in it, after a 6 week uptrend ended, despite extending gains a bit higher and for longer, it took 6 more weeks from the end of the first forecasted rally, to apparently form a bottom, so, it looks reasonable to assume that the spike in $ZECEUR isn't really...
Zcash bounced on the bottom of the downtrend pitchfork. RSI is rising. MACD histogram is shrinking and MACD signal line is starting to curve upwards.
Just a very basic and yet a little early to try to forecast what to expect in the next 11 days if the good volume and young trend keep up. Colors are odds.
Descending triangle pattern about to close, it will be likely a downward continuation, however a reversal can occur suitable if holding FIAT. Reversal can be confirmed by MACD, MA20/MA50 crossover and 2 bars closing above resistance (302USD). Check RSI as well.
Fib ext line broke on 1hr. Above 200SMA. No target set as of yet...Keeping an eye on this one.
Potentiall seeing a double bottom reversal with ZEC/USD. Clearly can see a bearish run from the peak of 430 down to the low of the first trough at 250. Trough then peaks at around 360 before declining into second trough, reaching a low of about 265. The advance from the trough was evident due to a high amount of buying pressure, which then sees a clear resistance...
ZEC has corrected sharply like most major cryptos but with strong zones of support and still on a very bullish uptrend forecast is positive. Buy zones indicated. Buy over time to reduce avg. cost. - Tenjin Crypto
Orange arrow shows a bounce of the fib we have just touched. I have bought a small amount here. Second scenario is that we head further downwards to the next level, which also overlaps with the gann level - I will definitely be buying a decent amount if we head here, as there should be strong support!
The most powerful coin is ready for a huge pump once this triangle is completed. TP1: 440 USDT. TP2: 565 USDT. TP3: 645 USDT. Questions and requests on Telegram. More info in my signature. Song for the ride www.youtube.com
Opening a long on ZEC here, if the move continues through the bottom of the triangle i might close for a loss. Please note that I am only adding to previous longs on zec/btc. MACD buy signal on the 2hr. LONG Please feel free to start the conversation below, heard rumours of Zcash on alphabay 1st July. ;)
notes on graph
Very good fundamentals with ZEC as i expect prices to continue to rise.
ZEC usually move sideways, and when it does breakout it is fast and furious. Looking at ZEC from another perspective, the ratio of ZEC / XMR and ZEC / DASH we can clearly that this is technically more superior within the basket of anonymous currencies that's generally accepted (eg: listed in bitfinex) It is definitely a buy and hold. $300~$600 is in the books....
Going to new highs, the king of all coins is ready to take the chance. TP1: 0.15. TP2: 0.23. Related idea: Good luck :)
Sorry for the delays on this on guys! POLONIEX:ZECBTC in my personal opinion is one of the tops on my list and one of the most undervalued. Even thou It's too much speculation for me to put figures to it. What I do expect is a big spike soon and possibly some smaller spikes following. ZEC has a lot of potential ,The people involved such as Team, Investors,...