Looks like ZECUSD is reaching the top of the descending channel. Within the ICH cloud and having SMA as support we could see a bounce back up to the channel followed by a break out or rejection. Time will tell, so it will
Zcash has a beautiful and promising overall pattern; It is a big descending triangle. We can see that price is at the bottom of this pattern. Moreover, a harmonic pattern has ended too. So, let's see if ZEC can reach the upper side of this descending triangle again or not.
Name PriceUSD Marketap Circulatingupply Maxupply Totalupply ATH ATL BTCNP ATH/PRc ATL/PRc
"Zcash ZEC" 29.58 450,671,988 16,328,269 21,000,000 16,328,269 5941 18.94 24.88372019 200.872211 1.561774023
BTCNP is calculated as : CurrentPrice*(CirculatingSupply/CirculatingSupplyOfBTC). This shows the Price of the coin, when it...
A price action below 29.35 supports a bearish trend direction.
Further bearish confirmation for a break below 28.85.
The target price is set at 25.45.
The stop-loss price is set at 33.10.
Fading upside price momentum (see the lower panel) supports the bearish trend.
The long at $ 24.00 remains and we keep the profit level now @ 26.00-26.50 range for now.
We are trading below BOLL and the RSI is relatively low, and it adds to the view we should be buying this crypto for now.,
Let's see what catelyst will bringn it near $ 30.00 again over time.
Privacy will become increasingly important as time moves forward. I think sometime in the next 10 years ZEC will be trading above $1000 and has at least a 50x potential from current levels. One my favorite coins. Stay safe, and have fun!
Usually I do not trade crypto, but since got bored a bit weekend, I started trading a few. SOLUSD was great yesterday, but now I feel ZECUSD has potential to return back above $ 26.20. It has been oversold, and not withut reason, especially SEC case in the air (Binance and Coinbase), has placed pressure on some of the crypto currencies, and this is one of them....
Reasonable Crypto Trade on weekly ZEC chart?
Risk/Reward Ratio = 15
Let me know your thoughts in the comments🤗
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Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
Looking here we can clearly see us reaching the top of the decending channel on the daily. Also looks to have a strong bounce of resistance on the hourly channel. May have a possible short position on our hands here. Naturally this isnt for the faint hearted with BTC on a nice pump at the moment. Not financial advise, so its not.
I've almost given up on Z-Cash. Almost. But I can't do it, because I can't give up on privacy, for the simple reason that I believe that the right to making choices that are indeterminate to other people is a fundamental right, because that's how you grow.
Observation is quantum collapse. An observed person is a person unable to change, unable to grow. We don't...
This is a longer term trade but can be made into many different trades very easily.... This will play out and I will have my SL a bit lower and use no leverage. To use leverage use a tighter SL and can always reenter if you want. I am just buying 200 ZEC and adding 50 each time it comes back into my buy zone.
Based off monthly and Weekly for targets.
Not...
ZCash has reached the lower levels of historic price - this is a perfect example of pure price asymmetry within a market. An under-priced asset with confluence. Multiple methods of TA indicate bullish movement in the future.
I won't go into detail as to the fundamental parameters of cryptocurrency and Bitcoin as I have covered this in multiple ideas already....
zec is often a menacing coin but it actually looks like it has relatively good upside over the next few months. buy n hold. invalidation under somewhere
On the 4-hour chart, the trend started on March 11 (linear regression channel).
Since the trend is not over yet, there is a high probability of profit.
A possible take profit level is 44.58
But do not forget about the SL = 29.67
Good luck!
Regards, WeBelieveInTrading
