ZECRLUSD trade ideas
ZEC bullish trend??A lot of friends have been asking for this...
I don't know much about the fundamentals of this coin.
This is only what I read from the chart.
So in a short period of time
ZEC has been making a nice bullish triangle...
If it breaks up we could see a possible move up to the area around 240 and if there was some huge volume... we could potentially see the price moving around 300...
But first, we need to see it go through the resistance area.
We could also see a breakdown. Then we could see the price moving around 95. Which would be bad.
In long term
ZEC seems in a bullish trend right now. And I think it´s slowly getting to its fair value between 200 and 300.
Time for ZEC to perform.Couldn't help but notice the similarities, we'll see if and for how long history likes to repeat itself.
Personally (wishful thinking alert), I think we'll trade inside the orange box for a few days and shoot up from there. First target would be around 230$ (depending on ZEC/ BTC ) before facing some good resistance.
If this idea is not completely wrong, I'll try my best to update it.
ZECUSD Entry Price 162.17ZECUSD. Entry Candle. Date 2021 April 01. Time 21:00.
Closing Price 162.17
Exponential Moving Average (10) 160.51
Exponential Moving Average (20) 158.63
Low 158.76
Note: You want the closing price to be in the zone area of the two exponential moving average. Or you want the closing price to be above both exponential moving averages. In this trade set up, closing price is above both exponential moving averages. Closing price of the retest candlestick is near the price value of the exponential moving average period 10.
ZcashHere we have a suitable position for set buy zcash/usdt. In weekly time frame this currency broke the neck lone (head and shoulder) and we have also nice a pullback that shadows are obvious in chart that we can understand: we have buy pressure in this point. when we look closely to the chart we can see also a big double bottom. so we can set a but position here until neck line of double bottom pattern.
ZEC Price Forecast A Gain Of 15% In Upcoming Trading SessionZcash price is at $132.13 with a gain of 4.82% in a day. The price of ZEC can encounter resistance while going upside at $170. The bounceback for Zcash can be seen from $125.ZEC price is below 50 and above 100 Days Moving Average. The 50MA (Red) line is at $137, making it temporary resistance for the price. The price is currently observing a strong bullish move and is assumed to give a positive breakout. If the price crosses above 50 MA, it would see a new high being formed.ZEC/BTC pair is seeing a consolidated move and can see a bullish momentum in the future.
Kindly comment your thoughts here
OOOFI may have entered too early. We're either looking at a scamwick or an actual correction to the support of the "bigger picture" trend line. If that is so, I don't mind some zcash at ~$85, but it's so hard to give up my current position. May just hodl, or may stop out at around $120 to prevent alcoholism. Let's just hope it's a fakey and we'll see zcash nibble $300 soon. BTC is very much still influencing this price action too, but not for long as ZECBTC chart is looking fairly bullish to me. Feck BTC dominance, it's alt season.
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