Standart "Rocket" pattern: go after confident brokeout. Use Supply zones as targets.
Entry: $292 Target: $624 Stop loss: $285
quick scalp opportunity for ZEC with a tight stop loss of 2% Target is about 0.048
First thing I noticed was the green consolidation area. Price has been coiling inside of it. The red wicks look like a move to get people to FOMO and panic buy/sell. Basically shake them out out of their positions. Then I noticed the trend has also been bouncing off the pink trendline, that, together with resistence around ~$450 makes a bullish ascending triangle...
If cup A (Smaller cup) reaches it's handle low (Indicated by the <- arrow) there is your indicator for a buy. While drawing this I couldn't help but notice the larger cap forming over the monthly, If ZEC follows the downward projection I drew ($210 US line) I'd buy there, and set a sell for below $350US. I see a little bit of a long term potential IF that...
ZECUSD start to fly target maybe near 273 Market pressure confirm trend Trendlines confirm the trend This analysis are based on Market pressure. For a complete list of Daily Market Pressure visit my twitter profile
Possibility of double bottom,, 1W chart.. Zcash, phenomenal, and sometimes so unpredictable behavior, just like bomb.. seems that it has phenomenal power... there's 4 predictions. If zcash follow one of those pathways, my opinion, at that time it could go more to completely unpredictable its own way. let's wait and see.....
This is just an idea, very speculative one at that...seeing the ample discounts in $ZEC and $XMR, I started thinking that maybe, fundamental risks and technical challenges in the $ETH roadmap, and the $BTC scaling war could benefit these two coins in particular. I'm putting them both as a highly speculative long idea here, you could accumulate gradually over time...
Price brokeout R-resist(S1 now) then formed Head&Shoulders pattern. Now ZEC brokethrough the N-neckline. Waiting for Head length price target to succesful H&S pattern perfomance! (270-275$ appr.)
ZCASH is looking to find the bottom soon. Buy 0.025-0.03 Sell 0.09 - 0.15
ZCash is hitting the first key support level (also found BBand support) but alt buying is still at an awkward position so I'm expecting it to fall through to the red support before placing larger buy orders in. If ZEC continues to close lower and reaches a -9 TD then I'd consider a very short term (2-4h) leveraged long but for now I'm holding off
ZEC hit the resistance once again on BTC going ATH and is dropping short-term back to sub 0.05 levels, although after Bitcoin Gold fork I expect holders of that shitcoin to drop it for ZEC, the same as BCH. After that I expect ZEC going back to the mean 0.06 up to 0.07 and continuing in positive direction against BTC in the long term.
Triangle is bilateral pattern. i'm expect rise, but fall are possible too