ZECRLUSD trade ideas
ZECUSD ❕ decline of trading volumesZcash is moving in an uptrend channel.
Volatility has declined.
The price is above the liquidity zone.
During the whole movement in the uptrend channel, trading volumes declined, although the price has only increased.
I expect that ZEC may fall in the liquidity zone after fixing under the lower border of the channel.
ZCash: Cryptos continue nosedive!Zcash
Intraday - We look to Sell at 108.90 (stop at 114.47)
Our outlook is bearish. Broken out of the triangle formation to the downside. Neckline resistance 109.00. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 109.00, resulting in improved risk/reward.
Our profit targets will be 94.10 and 92.00
Resistance: 107.00 / 109.00 / 111.00
Support: 104.00 / 102.00 / 100.00
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MY MINIMALIST CHART ANALYSIS FOR BRR! $ZECZCASH
On a Daily Chart
04.22..22
0819H +8 SINGAPORE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
ALERT:
OPENED EARLIER and TARGETING EXIT at 70% +- GAINS :USD 265 +-
Based on VITAL SIGNS ( RSI, STOCH, VOL., MA VOL.) Looks healthy.
1. RSI 50: still midway down
2. STOCHS 95/85: on theHIGH and will fall to correct
3. Volume seems small for me, a lot is still holding. Waiting for a bear tail to have a spike on supply.
4. FIB 0.618 had hit the reversal zone, so we expect it to do a measured move for our CLOSE POSITION.
5. Looking at a regular minor fib correction in orange, 0.382 or 0.618S. within a couple of hours.
6. Expecting ave. 70% gains on the First Partial Exit - Area of Value within a couple of days.
My Published Ideas are not 100% Accurate. There are many factors at a given time that can change the forecast.
Looking back since the beginning of the year,
the Market had amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION, and verified by major FIB levels.
Hoping that this MINIMALIST BOX CHART ANALYSIS will efficiently help you with your DYOR as we Enter a NEW SWING CYCLE.
Charts are created on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
It is designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
INSTRUCTIONS:
HOW TO USE THIS MINIMALIST CHART a.k.a (Bento Box)
"FOLLOW THE WHITE RABBIT!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE to where the MARKET will take you.
TARGET ZONE IDENTIFICATION
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal.
At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY).
DYOR for your Fundamentals, Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology.
NOTE: That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to share my knowledge.
Vive Le Autist!
Zcash Cope and Hope lines for the futureWhy Is Crypto Down? Inflation Worries. ZCash (ZEC) Synthetix (SNX) Price Prediction | Market Update. Do we know Why Is Crypto Down? Is there any place for Worries about Inflation? We use graphs and data to find out in our Market Update. Also we give ZCash (ZEC) and Synthetix (SNX) Price Prediction
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$ZEC Zcash to fall 50+% from these levelsIf you look at the price action on the Zcash chart, price just tested and rejected the resistance at $163, which now sets up the possibility to fall to $56-70 as the next supports. If price can't hold there, then it can fall more. Just from looking at the chart, my interpretation leans towards price finding the $26 support before bouncing.
I think that's likely to play out over the coming weeks. I put pivots on the day for key dates to watch for changes in price action.
Let's see what happens.
ZECUSD ❕ zone holdingAfter exiting the downtrend channel, the ZEC started moving within the zone shown on the chart. The price held the lower boundary of the range and the 200MA on the 4H timeframe. It sees a local growth in trading volumes. I expect a second false breakout of the range and fixation above the upper boundary before further growth. This movement should be followed by the growth of volumes, otherwise the setup is not relevant.
ZECUSD ❕ triangle breakoutThe support level of the previous Zcash idea was reached, and the downtrend channel, which was formed after the wedge, was changed. During the decline, the price formed a descending triangle, from which it went down. The 100MA crossed down 200MA on the 4H Timeframe. I expect price to fix under the support level and then reach the target indicated on the chart.
ZECUSD ❕ continued declineAfter the double top pattern was formed, the price entered the descending channel and continues to move there. Now we got a reaction to the support level. I expect a retest of the upper boundary of the descending channel, fixation under it and a retest of the support level.