While Zcash has performed very well against BTC I happen to see a possible Head and Shoulders formation going into Springtime. Zcash is still (in my opinion) a very good token to accumulate, as 2018 should be a very good year for the privacy based tokens. Stay profitable friends! Shalom
ZCASH plays the blues For those that are unfamiliar with ZEC/BTC , it launched in October of 2016 and has a serious 4-star team working on it and backing it up. It uses ZK-SNARK which is basically a shielded address which is achieved through the use of their Zero Knowledge Proof construction. This allows users to send transactions that are hidden from public...
Looking at the last 2 down-runs, ZEC's next move seems to be quite predictable!
Bullish divergence in MACD RSI and stochastics, hitting the oversold zone
ZECBTC Currently sitting on support in the 1D chart. support has been tested 3 times, looking for a bounce and 5-8% move upwards before entry and target top of channel. RSI + Stoch RSI oversold. Risk/Reward = 2.75 Success Rate: 60%+
ZECBTC is channelling and hitting the bottom at the moment. Aiming up to the area of 0.067, but be mindful of the fib resistance (which, if played, still lets you go away with profit). 0.053 0.067
ZEC has been showing positive interaction with the levels of this fork. Made a solid run with volume after the previous MACD double bottom, and could see the same here if we get the proper volume profile. All this in conjunction with a bounce off of the fork median, which has been hodling.
The cloud and the bottom it formed points to a very promising rally coming ahead. Once we go above 200 EMA it should go up very fast, Target is 0.12 Stop loss should be around 0.044
ZEC / BTC has reached the bottom of it's current bullish channel and ready to bounce. RSI is overbought and there's 0.0415 4H support below in case the channel trend line doesn't hold. Good op to buy.
ZEC moving steadily forming a good looking chart with 30% correction. If it continues its trend than it might hit 0.6 satoshi within 3-5 days. Buy around 0.040-44 satoshi. Sell zone: Blue rectangle **I'm not an expert nor a financial advisor, so buy at your own risk**
Quick idea of next shortterm price action. D1 timeframe seems to be exhausted with declines, though price improvement is suggested.
0.04250 level seems like great support to get back into ZEC and continue this bullish trend.
The bull market that begins in 2018 when the ZCash rises through the 50-Day EMA, it was a sign of a new bull market. In addition, when the RSI rised through 50, it was another sign of a new bullish trend. When MACD line rised through the signal line, it confirmed another sign the bear trend is over. Also it should be noted that on 3 Day TF, the MACD Line moved...
The price is inside the Symmetrical Triangle. Interesting part of this pattern is that it can break either way and it is important to be able to trade this either way and not to be over biased with your trading setup. Uptrend is supported by the golden crossover of MA50 & MA100 which is indicating the beginning of new uptrend. Histogram supports upward movement...