Trade ideas
Nice Profit From ZCash Short So FarIn 8 days since we gave our fresh short signal, ZEC BITFINEX:ZECBTC dropped like a brick and we have 16% profit so far.
Considering its distance from daily EMAs I believe we'll see some consolidation and maybe even a short counter-trend rally.
Unless it closes above 0.0057 sats I'll assume we're still in downtrend.
Let the profits flow!
DISCLAIMER : Please note that my trading approach is trend following . I don't try to make predictions. I don't try to catch the bottom or the top. I don't try to be right. I try to be agile and flexible enough to join the right side before it's too late. Please also note that I'm a swing trader using daily charts .
Entry and exit signals are not universal in trading. They should be determined according to the trading method used. If your trading approach and my trading approach don't match, please do NOT consider them relevant for your own purposes.
ZECBTC BreakoutThere is a possibility of ZECBTC breaking out through previous high, also creating a parabolic curve. Higher lows may suggest a new trend.
ZEC vs BTC --- LONG --- 20.10.20Still 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.
ZEC/BTC (Bearish Retest?)💎Technical Analysis Summary💎
BINANCE: ZECBTC
-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
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ZECBTC - This is bottom of the ascending channelIt seems that we will see a price increase soon..
SL is confirmed closure below channel.
ZEC BullishWe have Hidden bullish divergence, and also ascending channel, stop below the ascending channel support
Fresh Short Signal for ZEC/BTCZcash 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.
Significant supports to watch:
0.005682
0.005285
0.004949
0.004686
0.004411
DISCLAIMER : Please note that my trading approach is trend following . I don't try to make predictions. I don't try to catch the bottom or the top. I don't try to be right. I try to be agile and flexible enough to join the right side before it's too late. Please also note that I'm a swing trader using daily charts .
Entry and exit signals are not universal in trading. They should be determined according to the trading method used. If your trading approach and my trading approach don't match, please do NOT consider them relevant for your own purposes.
ZECBTC is creating an inverse head and shoulder 🦐ZECBTC is creating an inverse head and shoulder and the neckline is the weekly resistance.
IF the price will break the weekly resistance with volume and flip the resistance as support According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Head and Shoulders setup on ZECBTCBINANCE:ZECBTC is showing bullish price action, it broke the neckline of the head and shoulder pattern at 0.0063 and is now targeting 0.007168 and 0.007696. Wait for pullback towards the neckline or for price to catch up with the 20 MA to buy in. Ideal stop at 0.0054 but you can adjust as per your risk appetite.
Hit the like button please if you find this useful :)
This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
ZEC/BTCzcash going into bit of a build up on the 4 hr chart but still looking bullish going for a small gain before it could break back down again to support
before hopefully breaking the downward triangle.
If support doesn't hold i believe it will continue its on going downtrend.
ZEC in a daily uptrend, pushed with nice fundamentalsWith the Halving coming on the 17th November and a current uptrend on the daily chart, ZEC has the keys to be one of the most promising coins of Q4 2020.
ZECBTC Having two target levelsThe price is now in downward move.
If the price crosses the target 1 then it has to move to the target 2 depends upon the breakout of the support level 1.
You Can Start Buying Here At The Support❕ Sitting On The Strong Support Line ,Double Bottom Formed ,End of Wave 5 (New Impulse Will Starting Soon) ,You Can Start Buying Here At The Support
✅ Targets On The Chart
🔴 Stop loss zone : 4500 ~ 4450
ZEC/BTCWe are sitting at very strong support for Zcash. Reasonable time to start a position if you're not in it already.
I see two paths for Zcash.
1. One more leg down if it can't break the diagonal trendline. Best be buying 3800-4000 satoshi range, this is around where Zcash bounced big earlier this year.
2. Breaks the trendline and we get back to summer highs.
I'm leaning towards option 2, as the ZEC halving in 2.5 months-ish seems to be the narrative here. Option 1 if the market stabilizes and BTC dominance continues its trip south.
