Zcash possible big breakout $ZECZcash possible big breakout $ZEC. Look for weekly or daily close above the 2019 high BITFINEX:ZECUSD
Trade ideas
CRVCRV had an incredible 2 day run, near a 100% increase in value.
Looks coiled up and ready to strike again.
Notice the jumping of the downward trend line.
Note the MACDs are about ready to cross
Note the RSI indicator is approaching the sweet spot. I also set me top level of the RSI at 52 not 70.
Thanks
4HR Bullish Divergence forming Per the yellow lines we have a 4HR bullish divergence forming for a great swing trade set up. We should see upside movement and profits soon.
ZECUSD - EW analysis - correction time ZECUSD - It is in correction zone, where the count is not very clear yet, but expected to go downup to 93-89 zone.
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ZCASH Bull Flag Formation can take us higher.ZCASH has been forming a bull flag pattern over the last couple of days and could take us another leg up. $ZEC as a whole looks bullish as its been in accumulation for 2 years and is looking to break out. If you'd like to see the 2 year chart I made some analysis on that on my previous post. Thanks.
ZECUSDHistory will repeat itself zecach coin close to the level of price behavior change
The Magic Phantom at the $ 128 level
If penetrated, it will rise like a missile to record levels that may reach in the long run. $ 4,000
ZEC testing important levels and indicators on it's way to $150As you can see on this weekly log chart you can see ZEC has broken above the Ichimoku Cloud with some strong volume. On the Fibonacci retracement indicator you can see ZEC is now testing the 1.618 level @ $111.75
The red horizontal lines are major support or resistance for ZEC.
On the LMACD you can see it is above 0 and has a nice bullish divergence to it since around March 2019.
You can see ZEC has now moved above all EMA's and MA's and should form the 'ribbon' type look I have spoken about in other analysis on BTC. The small light blue line at around $134.00 is the MA 200 and ZEC would need to firstly conquer the 1.618 fib level we are testing currently then break above the MA 200 and the major resistance level at $150 if ZEC is to go parabolic. I think the $150 will be the target for now and re assess if ZEC gets above this.
On the RSI you can see the major resistance level shown by the red horizontal line. Each time ZEC has hit this line it has dumped considerably. This could line up perfectly with the rise to $150.
On this monthly chart below you can see ZEC is now testing the EMA 34 (in pink) and the EMA 10 (in blue) is about to cross over the MA 21 (in orange).
ZEC needs to close above the current fib level to make it's move to $150. If ZEC gets rejected here I expect it to re test the $100 area. On the daily chart ZEC has already closed once above this 1.618 fib level and I require it to close twice to usually confirm the move.
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ZECUSD - EW analysis ZECUSD - It is in 5th subwave of 3rd or C wave up. so expecting minor high and then correction. The correction may be either wave 4 or reversal, which will revealed by the next correction type.
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How to find levels of overhead resistanceUse fib tools to find overhead resistance on any time frame
ZEC Candle Body Breakout There are many bullish things to say about ZEC but I will limit this post to just one...
Market Cap: $1,094,617,158
Trading Vol: $2,576,483,725
BOOM.
Not Financial Advice.
ZCASH inverse head and shoulders pattern.ZCASH is smiling at you which is a great sign. It has been forming an inverse head and shoulders pattern for the last couple of years and its ready to pop. While the market is irrational and could take us another leg down, zcash has been in a solid accumulation zone for much too long now. Once it goes it will go fast, probably exceeding the price target. Good luck!
ZEC IN Tran$itLooking strong across multiple timeframes.
Need to break above the overhead resistance to get excited.
Would then need to see $100 range hold as support.
That being said any market could fall drastically in the current world climate.
Its a risky game betting your way to wealth.
Everyone is quick to say if btc falls alts will too.
....
Crypto is going mainstream
Btc is not private.
Monero is very private but non compliant to the controller's demands.
Zcash will be their baby.
Not Financial Advice.
The Future of Z-Cash - Weekly ZECUSDThis is the USD version of the zcash chart and I'm going to keep this one short and sweet. Go read the commentary in the linked chart for a narrative of what I see in the future for Z-Cash. The long and short of it is, on the weekly we can see a cup and handle formation which is in the process now of breaking out to the upside.
We are likely to form a flag here for a few days, as buyers from this range likely try to unload, which is likely to have little to no effect on price, since most old-time sellers are flushed out, and N00b sells are immediately snapped up. Then we see price fly, up up and away, with really nothing in its way until potentially about $300.
In other words, Z-Cash will triple in value against USD in the next three months, and rise 250% in value over bitcoin in that time as well.
Seems pretty solid. Anyone have another idea? If you already hold ZEC i would keep holding. But if your a new buyer be cautious. Im really just trying to get rid or this but need a higher sell. But yeah Dyor and as always keep that market moving.
WHAT DOES THIS MEAN FOR ZEC? ZCASHWell thats what we would all like to know. Im Bullish for now and for now im Bullish.
ZEC broke out of it's rangeand descending triangle with retest on both. RSI high with divergence, tweezer top candles, might have a pullback.
