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ZECBTC 4H: XABCD setup 30% gains(NEW)
update for position...
The same pattern repeats for Zcash (ZECBTC), the same pattern we've been seeing with many other altcoins charts.
We have the now-classic break below support, just to see prices bounce quickly back up!
What happens next?
- Zcash (ZECBTC) can produce a bullish jump.
- The next target is marked on the chart.
We have bullish indicators.
ZEC vs BTC shows a clear reversal on the daily chart . After creating a double bottom it shows an impulse after a higher low. Currently at the bottom of a bull flag which is clear on the 4H chart.
A lot of potential for an upside move. Also indicated some other interesting target levels. I will trade the first...
This one will be short analysis.
Zcash has great fundamentals and in general it is a imo a great project.
We can see a local accumulation zone which usually leads to exponental growth.
The rest you can see in the chart.
. There is a possibility of temporary retracement to suggested support line (0.00482). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. ZECBTC 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.
- ZEC looks very bullish to me right now. It found support at the 0.236 fib level (where we also had a strong support provided by the VPVR) from which it rebounded and finally broke the descending trend line. This triggered a very bullish move to the upside today and it probably marks only the start of a much brighter bull run for Zcash.
- The green boxes are...
Buying on retest.
Buying is done by Fibonacci levels.
You can enter after going back up.
Stop loss is at a level somewhere.
Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
ZEC has broken the pivotal horizotal resistance and 200MA then retested perfectly on the daily.
On the 4hr, we see the clear hidden bullish divergence as indicated in the chart in the comment Section.
With the overall bullishness of altcoins across the board, I take a long here.
Note: If you like the content and the setup, please give me a follow not to miss out...
Looking for continuation toward ~559k sats (Matching 1D EMA200) as it's flipping current level into support (1D picture is clearer)
UCTS Buy signals across all LTF, waiting to see some increasing volume on LTF (4H or so)
Buy Range : 0.004723
Stop Loss : Daily close candle below 0.004380
Target 1 : 0.005170
Target 2 : 0.005790
Target 3 : 0.007403
Nice Range consolidation on ZEC. Price is having some buy pressure on the lows and it will be safe if is able to hold inside the consolidation.
I think this pattern will break to the upside on mid-long term. However, We can consider...