Price hit the low and an orderblock, from here, I have no idea how high it'll go - I don't care either, this chart is just for bragging rights to say "look how right I was in my TA" when there is no TA at all.
There is a possibility to uptrend developing on ZECUSD, Hypodermic Accumulation Phase spotted.
Bullish Divergence on 4-Day chart, also quite interesting buy signal.
Watch the price breakout from the resistance and enter this trade.
Targets based on resistance levels:
While the price is above the support 45.75, beginning of uptrend is expected.
We make sure when the resistance at 91.30 breaks.
If the support at 45.75 is broken, the short-term forecast -beginning of uptrend- will be invalid.
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
Price is above...
All i can is, Jan 20, is going to be a very strong fractal date here.
I don;t know what it is, but i am sure as not missing this one. nor should you.
We have to see what the price will do before that date, but if are still in range bound, accumulation is a good idea.
Good luck everyone ;)
BLUE = Bear/Resistance
Yellow = Bull/ Support
Chart Update On Zcash!
Last week ZEC saw a breakout of the $55 weekly pivot, leading to a continuation higher to the $62 level.
After retracing lower , ZEC found support at the 50% retracement level at $54.
Today ZEC is up 5% as it looks ready for the next leg higher. If we see the $62 level met once again I expect some selling.
But over the next few weeks...
After a beautiful surge, we are not staring at at bullish flag, gathering strength into another breakout?
With more Traditional exchanges will allow trading in the crypto world will equal to more capital flowing into crypto thus pushing value higher. So unless, we are going to get some major bad news, it is unlikely that crypto will suffer a major bear...
The chart says it all..
WOE IS HE WHO MOCKS THIS CHART IN DISBELIEF!
Development of the protocol started in the 80s. When the phoenix issue of the economist came out in Sep 1988
Besides the rising Phoenix, on the cover is the symbol is for saturn and it also is the symbol for NULL which means ZERO, aka Zero Coin
10 2018 is also the last month...
Full TP list of the ZCASH for long term investors
until 58.05, support is valid, uptrend is possible to happen. but ZCASH should break resistance at 91.30
In case that support at 58.05 is broken, this forecast is not valid anymore.
Why we think for a long:
1- Positive Divergence is a good sign of beginning of the uptrend.
2- A trough is formed in daily chart...