ZECUSD - NeutralHello All!
I will share my thoughts of the current market situation and any possible targets. You can make your conclusion out of this and make your own decision how to play it!
Zcash ; the blue pattern on the chart looks like a falling wedge pattern which often break bullish and so it did this time. The green pattern where we currently are trading in seems like a descending triangle which often is bearish.
I have 2 scenarios in mind ; we break bearish to the broken trend line of the previous pattern. Keep a look at what BTC is doing , if there’s a bearish breakout than you can confirm this reaction. Or we break the pattern bullish and will go for a test at resistance (trendline on the chart)
Anyway, it is smart to wait for a breakout before entering a trade.
Do you have a chart that you want me to look into? Send me a message and perhaps I will publish it, I like doing this stuff! Keep in mind that I’m not a financial adviser!
Next target; give this idea a like and me a follow : ))))
Thanks for your support !
Remember ; Every Moment Is Unique !
ZECRLUSD trade ideas
Pulse of an asset via Fibonacci: ZEC at crucial Impulse ReduxMarket wide sell off in progress.
Most coins retraced last bull wave.
Many coins are now at Impulse Redux.
"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the buyers still there? Enough to absorb the selling power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least first approach if not several.
Part of my ongoing series to collect examples of my Methodology : (click links below)
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place <= Current Example
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
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Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity .
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
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can you Spend a few Moments?
click the Links under Related.
ZEC - Zcash - STRONG BUYZECUSD : STRONG BUY
Analysis Method: Fibonacci & Wave Theory
About Zcash: z.cash
Launched in 2016 by Zooko Wilcox-O’Hearn and based on the Zerocoin protocol, Zcash (ZEC) is a decentralized and open-source privacy-focused cryptocurrency that enables selective transparency of transactions. Zcash transactions can either be transparent or shielded through a zero-knowledge proof called zk-SNARKs. This allows the network to maintain a secure ledger of balances without disclosing the parties or amounts involved. Instead of publishing spend-authority and transaction values, the transaction metadata is encrypted and zk-SNARKs are used to prove that nobody is being dishonest. coinmarketcap.com
Monthly: High/Low
Daily: Fib-Time/Minor Wave 1 & 2
6 Hour: Minor Wave 1 & 2
-Waves %: Extended 3rd
Minor Wave 1: 151%
45 Minute Chart: Micro-Wave
Immediate Target Area: $53-$57
Timeframe: 6 Days
Target Area: $85-$110
TimeFrame: 60 Days
Will update.
-FMW
ZECUSD forming bullish Cypher | Upto 85% expectedHi friends hope you are well, here I have found another profit potential trading idea for you and this time I have found a harmonic move by Zcash (ZEC). The Priceline of ZEC is forming bullish Cypher pattern and soon it will be entered in potential reversal zone and will be ready for bullish reversal soon.
Lets have a look on the Zcash priceline's move:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.272 to 1.414 of A to X leg's Fibonacci projection and final (C to D) leg is suppose to be retraced between 0.618 to 0.786 Fibonacci projection of X to D leg for a perfect bullish Cypher and then the price action will be entered in potential reversal zone of this bullish Cypher pattern, then we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg.
www.tradingview.com
Buying And Sell Targets:
The buying and sell targets according to harmonic Cypher pattern should be:
Buy between: $44.84 to $36.37
Sell between: $51.51 to $67.50
So this is upto 85% profit opportunity
Stop Loss:
The potential reversal zone area which is up to $36.37can be used as stop loss in case of complete candle stick closes below this level.
ZEC Double Bottom Playing Out Well In Daily RSI Quick update from previous post. Chart pattern is coming together nicely. Weekly RSI could potentially reverse off bottom of overbought territory while the Daily RSI makes its next impulse. 100 day MA just crossed 200 day MA with 50 day MA turning vertical way above the two. Small amount of Bullish Divergence printed in last three days, lower price but rising volume. On the weekly we are testing the 50 day MA as support. To me the chart is saying that we are fueling up for our next move UP. However, I could ways be wrong. Will update as trend progresses.
Please Like & Comment ------> Lets Be Friends **even if we disagree**
HAVE A GREAT DAY. LIFE IS A GIFT.
Not Financial Advice.
ZEC - will we see bearish continuation? ZEC was a clean impulse higher with bearish divergence and decreasing volume in the fifth wave.
The next few days will be interesting. Especially when we lose $57!
The first area of interest will be $46-$50. Holding the $46-$50 area with bullish divergence means that we'll see another cycle high. But a move like that will surprise me.
ZEC Looking To Double Bottom In Oversold Territory On The Daily ZEC pulling back along with the rest of the market. It has golden crossed on the daily timeframe. Stochastic RSI is oversold. The weekly timeframe RSI is Overbought similar to BTC. ZEC currently attempting to find support on the 50 MA. Thinking we'll see the weekly RSI cool off resulting in the daily RSI turning south in the days ahead to make a double bottom formation. Price could retest the upper $40's potentially. I would suspect candle body to bottom around $55 but that is highly speculative. If you know anything about ZEC is this thing prints insane wicks all the time so watch out with your stop loss. At least consider that in your trading strategy this is a real easy one to get stopped out in rather frequently. Its worth noting that on January 14th or 15th ZEC saw what looks to be its highest amount of buy volume ever recorded. I am long term investor with bullish view overall. Think the charts are showing some bearish potential for the days ahead. Say what you will about Zcash but remember this one thing....
It was once listed for $2,200,000 each. Ridiculous as it may be it still is a fact. Calculate the risks you take.
Please Like & Comment ------> Lets Be Friends **even if we disagree**
HAVE A GREAT DAY. LIFE IS A GIFT.
Not Financial Advice.