ZECRLUSD trade ideas
zec/usd buying opportunityi search through different platforms and the only charts is more completed from others is HITBTC, the long targets draw in this chart. it is part of a long plan and further target will be update after zec/usd will go throw the channel. it need to mention that all of the channel lines can works as supports and resistances.
Zec ReversalLooking at the Ichimoku cloud 3 out of the 4 long signals are bullish and the last one is on the cusp of being bullish.
The long entry signals:
1. Price is above the cloud
2. The cloud is Bullish (Green)
3. The lagging span is above the cloud
The one signal that has not occurred yet is the TK cross, but I feel like its only a matter of time for the cross to happen.
Areas where to enter:
The TK lines which are : 74.99, 73.50
The 21 MA: 67.89
If you want a more conservative approach wait for the TK lines to cross for confirmation
Zcash formed bit Shark for upto 2250% bullish rallyHi friends hope you are well, and welcome to the new update on Zcash.
On long-term monthly time period chart, the price action of the ZEC has completed the final leg of the bullish Shark pattern and entered in potential reversal zone.The price action cannot enter in the negative zone therefore it is not possible that the price action may move more down upto 1.13 Fibonaicc retracemtn level. The priceline of ZEC has found a firm support at $20, therefore it can be considered as a maximum extent of potential reversal zone area.
Possible profit and loss ratio:
This trade has a huge profit possibility of 2250%, and the loss possibility is 74%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
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ZECUSD (ZCASH) - INVERSE HEAD AND SHOULDERS PATTERN ANALYSIS 🔎
- ZECUSD is printing the inverse head and shoulders pattern.
- This is a trend reversal pattern.
- It is a bullish pattern.
BUY ENTRY ⬆️
- Breakout above the neckline resistance.
TARGETS 🎯
- Horizontal resistance levels (R1, R2).
SETUP INVALIDATION ❌
- Breakdown below the right shoulder support level (S1).