Cup and handle forming.. but not extremely clearly.. if we don't reach 226 soon then we will possibly not see support kick in agin until 176 area though.. then most likely back up.
Expect a big impulse up on KRAKEN:ZECUSD . there is a ever growing demand for privacy and ZEC is on with a solid team and support behind it. Also the market cap seems very undervalued to me.
ZECUSD broke major downtrend, and is now on an uptrend channel. Based on risk/reward, is close to the same level (1) on both entries. ZECBTC is another story. This trade will allow you to diversify your portfolio.
Zcash had a dramatic rally along with the rest of the crypto market. There is still not enough data to post a proper weekly analysis, but based on the rally and crash, major support and resistance levels can be drawn. The $165 has proven to be a major support with some exceptions on the downside. Falling below the blue zone under $140 should trigger stops on...
- According to Flag / Falling Wedge -According to Wave Analysis - According to Fibonacci Retracement Ratios
Uptrend support and resistance lines for trading signal. Wait for RSI pullback and confirmation of uptrend. Best of luck
Preparing for a trend reversal, but we still need to reach these levels before going higher.
Hi, this is just a simple trade idea. Buy ZEC on trendline. ZEC will go back up.
ZEC Could break out soon.. Follow the channel to short through the rise. Warning: If BTC falls it could either drag it down, or BTC investors could pour into alt coins and cause them to rise. Trade safely my friends.
A closer look A retest and fail of $162 would signal further downtrend - however a 2nd bounce off of lower 1 median line on Andrews pitchfork would be encouraging This is also contingent on behaviour of BTC between now and Aug 14th Just my observation. Hoping $162 is the bottom and it survives a 2nd test.
ZCash/USD - Target $490 in September
Target 1= $250 Target 2= $300 Target 3= $360 Target 4 - 450 Target 5 - $550 A retest and fail of $162 would signal further downtrend - however a 2nd bounce off of lower 1 median line on Andrews pitchfork would be encouraging This is also contingent on behaviour of BTC between now and Aug 14th Just my observation. Hoping $162 is the bottom and it...
After a sneaky upward fakeout, ZEC made a downward breakout. Retracement happened and resistance held. We should now see more downtrend action.
Descending triangle pattern about to close, it will be likely a downward continuation, however a reversal can occur suitable if holding FIAT. Reversal can be confirmed by MACD, MA20/MA50 crossover and 2 bars closing above resistance (302USD). Check RSI as well.
Zcash is currently difficult for me to evaluate. A short-term recovery to 390 USD is possible. Let's see what happens. Happy trading. :-)