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...
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 ZCash appears to have broken out of a bullish double bottom pattern, after several months of steady decline. Expecting a quick pump to target, similar to what we saw with $XMR Monero.
Classical charting target is $41. Might be worth hodling some though, as a longer term trend reversal may continue.
Leveraged ZEC trading available on BitFinex sign up here:...
Hello guys it appears that Zecash the real privacy coin just experienced a correction after a clear 5 wave impulsive structure
Ideally this should put as at the larger degree wave (i) if this is the case wave (ii) typically retraces to the wave (iii) of the lower order
close to the 0.618 fibs( that would be 50-45 USD ) i highly recommend buying on the dips and...
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...
Schools back in and I will try to keep it simple as possible as we look at the potential Heptagram & Cube™ (H&C) formation emerging on the Zcash / USD pair. A lot of people try to really complicate trading analysis but in my book if it’s too complex than it gets out of hand. You want to keeps thing simple. Usually if it is not beautiful than it isn’t simple so...
What a month a January was, wohoo! I hope you guys held, and sold at good profits :)
I was surely off on some of the fractals of the January, and the patterns was a lot stronger.
We did hit our expected FIB correction price.
No, so what is up with February: It comes down to if either 3-5 or 1-2 bull rally.
Depending on that we are going to have a few...
Buy - ZECUSD
Pattern: Inverse Head and Shoulders
Neckline: 66
Entry: 66
Target: 77
Stop: 62
RR: 3.36
ZECUSD pair completed its correction phase after retracing back to the %38 fib level. Based on the recent historical data, upward waves on ZEC continues until 1.414 fib extension. The price has formed an Inverse Head and Shoulders pattern on the 4h chart. A wise...
Priceline of Zcash / US Dollar has formed a bullish Crab pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
RSI is oversold.
Volume profile is showing less interest of traders at PRZ level and MACD is strong bullish but...
