Trade ideas
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.
ZCASH : PRICE ACTION IN HIGH TMF - PRICE IS GROWING ! 🔔Hello Everyone ! ! I hope you'll Appreciate our Advanced Analysis on Price Action !
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ZCash is on the verge of breaking out of an Ascending Triangle.Zcash is the one coin I don't want to chart about, I'd like it to stay cheap for a few years to accumulate, lmao.
It appears as though Zcash is about to break the red horizontal resistance of the pattern, and if not the green upward sloping support will need to hold for any validity of the pattern. Unless there's a fake-out to the downside.
On the RSI there is an Ascending Triangle pattern similar to the price, there's a series of higher lows and moderately higher highs at the horizontal resistance of the pattern. The horizontal resistance dates back into February and probably longer if I charted a longer time frame, it's possible Zcash sees some rejection.
If there is some strong resistance at the horizontal area of the pattern I have drawn a hypothetical scenario in blue.
The KST is displaying a bullish cross where I have placed the blue downward-sloping finger.






















