Still worth to try some SPOT buys as for me. Especially when I look at that rising volume
Unfortunatelly I don't think that SL below the local low will save the position, so it is better enter with smaller size. Not works for me, cuz im already in :)
Ofcourse if the price holds below the previous low - leave.
False breakout of from key level, false breakout from inverse head and shoulders (not yet invalidated). Remains to be seen if it bounces of the channel support otherwise a breakdown from the channel will send price to 31.9
💎Technical Analysis Summary💎
-Zcash broke its local support during its mini rally up
-If this is just a small Bearish pullback to test previous support
-And continue lower again, the downside target is around 5000s sat
-So please always plan your next trade
A big Thanks for donating 💰 via Tradingview coins this week to billstenzel ...
Zcash BITFINEX:ZECBTC couldn't break long term resistance (thick red line) . Key support @0.00611 is broken and it possibly started a new downtrend.
Considering it sits right at 200EMA we can see a reaction but it's not for sure. Going below 21 EMA will be a stronger sign of downtrend.
Unless it goes above @0.00611 again I'll be shorting it.
ZEC Halving coming in 47 days. Privacy coins narrative is coming back this quarter with people wanting their security back.
1. I will wait for more candles to see if $ZEC has really broken out of the resistance or whether it falls back into the wedge
2. $ZEC is forming a bullish flag with AB=CD and possibly it could stay above the resistance line for longer and...
Hello, very quick signal for privacy coins. They seem the sole coin sector shoring some strength right now. The lower channel low boundary was retested successfully.
Specifically, ZEC and ZEN will have halving soon.
DASH apparently bottomed.
I would focus on those.
Indeed, I would leave XMR and XVG for now as the former already pumped due to the news of a mew...
This setup seems like a retracement of Zcash on the lower timeframes.
But the whole picture, if we look at 3days timeframe, it`s quite bullish!
Here is what indicators are saying:
Sell on 2 hour chart
Sell on 7h chart
Buy on 3 days chart
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle,...
Hello, Zcash had a great reaction today. Not only it broke updwards the descending trendline and an horizontal resistance with an amazing candle, but it was one of the few (if not the only one) among the "big" to experience such a growth.
It recently bounced from its lows of 2020 and let's not forget it will HALVE on the 18th of October. It is time to jump in....