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#ZEC Buy Between - 114/100
Target - 130/160/+200
Stop - After Close 4h Candle under 100
Para que se complete el patrón, el precio debe poder romper el cuello del H&S que está delimitado por la línea 1. Esta a su vez es una línea de tendencia antigua que podría actuar como resistencia. Y el primer precio objetivo sería la línea dos.
Debemos tomar presente que las líneas de tendencia diagonales son subjetivas de cada observador (trader) y no son tan ...
Zcash should continute this uptrend up to resistance level and break it (most people say you would need a psychic that (will it break or no and for exact numbers and exact values in a given time period.). I disasgree !!! Strongly disagree.
Zcash should break support level in a two days time (according to my calculations) and make a strong uptrend to 400.
On the Daily we have already broken out of a previous falling wedge. On the hourly we are looking positive again after the recent retrace from that breakout.
Higher round bottom with a decent jump up that has put us at the diagonal resistance right now.
RSI and macd looking to the upside. First Target around 13 percent increase.
The daily RSI has made a first higher bottom when ZEC bounced off the falling wedge bottom on the 17th of September.
For now the RSI as well as the MACD are still confirming the wedge range, but the 1.618 fibonacci level below is may provide a decent launch pad for a break out that is due as we near the end of the wedge pattern.
The target of the smaller wedge ...
If you look yestday it broke out of the downward channel. It has come down and is attempting to use the former resistence line from the top of the channel. If it holds as support we could be starting mid term upward trend. As it has been in the a short-term upward trend for about 10 days, but now that we have broken out of that channel we still have many ...
Not breaking the new high so that means what?
Lest sell to the 50% fib retrace,
Entry: $ > 223.98
Stoch showing first oversold
MACD plateau, with first sign of convergence
zecusdt update 1h
zecusdt go to 259$
It looks like we have an inverted head and shoulders pattern almost confirmed on ZEC usdt. We have a target of about $275 and it rests on BTCs hands if btc goes up from $8000 today or tomorrow then we will most likely have a break and confirmation
Look at the chart we have an inverted head and shoulders forming and if confirmed we will have a $290 target. But as always in a semi down turn we have to see what happens to BTC if BTC drops then we will likely see ZEC fall in the short term. So lets go BTC so we can hit our price target on ZEC
Price consolidation before breakout
The cryptocurrency market is overall long term bearish until proven otherwise, but many altcoins are hinting at a possible relief bounce as they approach strong support lines, are near the bottoms of channels, are oversold on the daily RSI, and playing within reversal patterns (falling wedges, etc.).
Here is a quick look at ZEC.