ZEC / EUR , kraken, DGreat night for ZEC/EUR !!!
very interresting situation :
huge "W" + possible break out + cup & handle incoming ??
Could be so good in the next few days
Market insights
ZCASH ZEC to be your chance to profit in times of bearish BTCCryptos like ETH and BTC are still showing bearish moves following bad news from China.
ZCASH however seems to be recovering and sees capital flowing in. I marked the latest lows and highs on the chart, clear buy signal here in my opinion.
Let me know your ideas. This is my first post on this website, please let me know what you think, I'd really appreciate your feedback!
Thanks, Timm
ZEC good buy levelZEC/EUR look like it found a botom. follow a log scale since april.kinjun and tenkan cross + small cloud.if it bounces on this line it could break the cloud and goes up to 388 eur.
volume going up
i suggest to sell below the line and take profit at
tp1 264
tp2 388
happy trading
Zcash as third altcoin with clear uptrend channelSeems altcoins will start to follow Bitcoin growth.
Channel bottoms have been reached shortly without really breaking them.
Looks like many of "old boys" consolidated in similar very way (Zcash, Monero, Litecoin - check my other analisys).
Dash as one of the first ones today to show the future movement with shortly breaking previous highs.
Loading alts might be a good idea at this point.
They might have more to gain in short term than Bitcoin.
In my opinion much easier to imagine ZEC goin from 185€ to 390€, than bitcoin from 4k$ to 8k$.
Ascending triangle (bottom formation)As you can see ZEC is forming a nice ascending triangle as a bottom formation of its former downtrend. The EMA 9 is about to cross EMA 20, which will hopefully cause a breakout and start an uptrend. If it happens the area between breakout and 200 EUR would be a good entry. Based on the fibonacci retracement I see a possible move towards 240 - 250 EUR zone until the next retracement will start.
ZEC: Potential bottom of the correctionI'm long $ZECEUR from 225 euros here. I think we might have seen the bottom of the current correction in it, after a 6 week uptrend ended, despite extending gains a bit higher and for longer, it took 6 more weeks from the end of the first forecasted rally, to apparently form a bottom, so, it looks reasonable to assume that the spike in $ZECEUR isn't really significant (specially when pitted against $ZECUSDT for example, or $ZECBTC pairs). I will include those charts below to further illustrate my point. As you know, I trade using a method developed by my mentor, who is a hugely succesful trader and investor, called Tim West. One of the strategies developed by him, lets you determine the trend, and predict the time duration, as well as potential targets for the current trend in the instrument at hand.
As fundamentals go, I think $ZEC is interesting to say the least, but, it raises some concerns among investors when you consider that there can be some hidden supply in it, that the market isn't aware of. I like the underperformance lately, relative to $XMR and $DASH, at least in the last month, probably related to fears connected to Alphabay ( themerkle.com ). Overall, I think this can resolve positively, and would induce a positive shock, and push $ZEC up again. I expect positive developments from the EEA, and Ethereum in the next month, there should be no shortage of bullish news for this and the broad crypto space. Keep in mind that sentiment is extremely negative right now, which is a good enough reason to pile in on the long side in our cryptocurrency basket again.
Cheers,
Ivan Labrie.
ZECEUR Correction ended Next Target 560€Well, correction ended today.. We ll now see a brutal rally to 560€
ZECEUR first Target 460 second Target 650 in like 2 weeksTargests acquired using Trendlines Fibonacci extension.
Time frames acquired from CCI max values using fobonacci time frames.
Since Zerocash is very explosive (because of very little circulating supply of 1.3 Million) it can be that we reach 650 or more faster..)
Bullish trend ZECEUR KrakenGodmode bullish on higher TFs, daily pivot now acting as support. Up we go
ZECEUR Expected development to 3000€ ZECEUR has completed its painfull (for those who bought at 15000€ valuations) down trend.
Those who spend a lot of time with chart analyses know, that at Trendreversal the UP-rally follows the path of the previous Down-rally
So one must look to back to see future.
At the provided picture the blue arrows show price targets for the future.
The fibonacci entensions should support them.
Also The picture must be followed from Right to left.
The blue dotted line is the current valuation around 200€. so be preperaed for a exponential growth uo to the 30000€ levels
P.S. Some might say that I am overly optimistic.. But history repeats and develops usually, and if I have the freedom to choose between pessimism and optimism, I choose the optimism..
ZEC: Mid-Term-Rise Today's announcement of Alphabay market starting to accept ZEC starting on 1 Juy will be one of the main factors for ZECs price increase.
Check this:
www.reddit.com
ZECEUR soon 1000€Too bad that I read so late about zcash, missing the beginning of the rally.
There just 1.3 Million Zcashs available, compared to the circulating supply of ethereum, they just and still cost just 2 Euros..
I expect it to reach 100 times more, since JP morgan is using it..
So ..
RUN Baby
ZEC opportunities dailyThere's a nice entry point on Zcash right now. Expecting it to hit atleast 110€ soon.
ZECEUR: In case anyone missed this...I've been going on and on about Zcash, I hope some of my followers are in the trade with me and my clients. Great profits already, and more to come with some luck.
If we move above resistance after today, we will continue trending up. ZECEUR could easily hit 120-152, and if above that, the weekly could see us hit 220 eur...The first fundamental key level resistance, which coincides with a technical level is around 411, so, hang in there and be patient. If it indeed starts trending, it will be like ETHEUR's rally before it, so, it will give a lot of short term opportunities, to make quick profits while holding the core position.
Fundamentals are aligning with my vision here, there's a chance that the problems XMR's anonimity appears to have, might kickstart this rally, together with bug fixes by the proactive Zcash team, as well as a potential addition to deep web marketplaces like Alphabay...the developments could cause an explosive rally, specially if you consider the limited floating supply.
Happy Easter!
Ivan Labrie.
