The price is in the consolidation phase between the monthly and weekly resistance
On the 4h timeframe the price had a breakout and retest the previous resistance as new support.
how to approach it?
IF the price is going to have a breakout from the weekly resistance and retest as new support, According to Plancton's strategy , we can set a nice order
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Keep...
Zcash (ZEC) holds the 59th position on CoinGecko right now. ZEC price prediction 2022 is explained below with a weekly time frame.
The above chart of Zcash (ZEC) laid out the falling wedge pattern. In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern...
Confirmed to have exited the yellow channel and turning into green for acceleration.
Already triggered 1.886 to continue higher with minimum target 2.618 90$.
This could quickly beam zec up to the upper green boundary around 125$ with a good chance to overshoot to 8.236 level at 170$
To be monitored while sitting back and enjoying the ride
Hold my beer...
ZECUSDT is prepping to go rally. You can see the bullish piercing from legit support. The way to make 2X profit is clear.
Disclaimer- Trade on your own risk and follow mandatory risk management rules while trading.
Picturing simply that big triagnle ZCASH has printed is crazy. After sweeping the lows below, it has finished a corrective pattern with perfect 5 wave structure in the end.
From the low we have started the yellow trend which is now being left for an accelerted green channel and blasting through first resistance in red.
Next hudle will be the bottom of the...
The price rose to the upper boundary of the wedge. Several bearish divergences have formed. There is a high probability that the price will fall to the lower border of the wedge.
ZECUSDT Technical analysis update
After 55 days of consolidation ZEC breakout with high volume and 100 and 200 EMA cross over in 4h chart.
Buy zone: $70.50 - $72.50
Stop loss : $62.50
Target 1 : $81.00
Target 2 : $91.00
Target 3 : $100
Always keep stop
I found a beautiful curve. For more than 50 days, ZEC rose and fell in this bow. The $68 barrier looks very strong.
But if it can break through it, ZEC has a chance to go to $86.5.
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Good luck~☘
ZECUSDT has taken support after retracing 0.786 fib level. The coin has also broke the parallel channel on the upside so we can expect a bullish move towards 60 levels. Its tricky here though since we have the Fed news upcoming sooner!!
