Zcash (zec) formed bullish Shark for upto 235% bullish rallyHi, dear patrons, hope you are well, and welcome to the new update on Zcash (ZEC).
Due to extreme sell off the price action of ZEC has changed its move from bullish Cypher to bullish Shark. This pattern has been formed on the 2-day chart. We also have additional supports of 100 and 200 simple moving averages within the buying zone.
Buying and sell targets for Shark move:
Buy between: $137.02 to $92.37
Sell between: $198.05 to $309.81
Stop loss:
The maximum extent of the potential reversal zone at 1.13 Fib level can be used as stop loss which is $92.37.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 235%, and a high loss possibility up to 33%. If any one has already bought ZEC by following the previous Cypher pattern then you can set you sell targets according to this Shark move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Zcash
Zcash formed another bullish Cypher for upto 92% rallyHey dear friends, hope you are well, and welcome to the new update on Zcash (ZEC).
The previous bullish Cypher move of ZEC produced more than 178% profit rally:
Now this time on 2-daty time frame chart, the price action of ZEC has formed another bullish Cypher pattern. There is also 100 simple moving average support below the buying zone.
Buy and sell targets:
Buy between: $213.89 to $170.91
Sell between: $247.73 to $328.97
Stop loss:
The maximum extent of potential reversal zone $170.91 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 92%, and the loss possibility is 21%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
ZCASH Big Picture Logarithmic GrowthTopological-Geometric Intuition. Structural Growth Trend in place. New All Time Highs feel relatively close. Massively elongated top in store. We are only in wave 1 of 4 by my estimation. Hodl for another ~36-48 months from here and it could get absolutely crazy after the next halving and by 2025 we could be looking at $10k+ per coin as *support*. ZCash will be an absolutely fat cash cow the more hedge funds and venture/investment capital flight in crypto takes place. I bet big banks like JPMorgan and UBS will eventually just say F*** it and in order to survive they embrace the privacy aspect that ZCash will offer on an institutional level to their higher end client portfolios. I could see this do-or-die adoption leading to a sustained pump into 5 figures per coin territory since it has the same fixed cap as BTC. This puts ZCash as a premier privacy coin that will eventually dominate other competitors due to its relatively low supply and semi-decentralization. Dash could follow a similar pattern but somehow I think ZCash is the more appealing because it doesn't require the masternode semi-centralization that Dash relies on and I see ZCash as more adoptable, desirable and permissible to higher liquidity use than Monero, Verge, et al. Plus, at these price levels, ZCash seems like the better value play compared to Monero and Dash.
ZEC - shy_glizzy says "Bull market is over" !!My friend wrote me late at night saying: "bull market is over - I sold everything !".
Is he right ?
Bull market may be over for Bitcoin (and I am not even sure of that one).
One thing I AM sure is AltCoins have almost all broken out against Bitcoin and are in back testing mode !
Z-Cash is no exception !
After years of downward pressure ZEC has broken out of the descending channel and is back testing the (previous) resistance (now) support line.
IT IS GAME ON FOR ALTCOINS !!
The ambitions of ZcashMy Market Advisor generated a LONG entry signal at market price of 287 USD,
in retrospect, it is clear that large buyers have never stopped buying Zcash, so the recent sale, which was probably due to panic selling triggered by the decline in bitcoin, It was driven mainly by smaller investors who are now going back to buying.
Graphically seems to be actually configuring a head shoulders upside down so the graphical analysis confirms when anticipated by the advisor obviously the doubts remain on the timing of this recovery, but I’m trying to sketch a hand drawing to simulate what price action might be in the next few days.
If you want to see all the signals generated by Marketmiracle advisor in real time you can visit marketmiracleadvisor.com is a free service and does not require any type of registration.
Strong support= good buying opportunities Major price rejection around 0.45-0.5 area. Chart consolidating on 30 minute time frame, signs of trend reversal. This week could be a green week for verge.
ZCASH NOT OBSOLETEHello traders and trenders,
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$ZEC ZECUSD lots of potentialLooking for a good entry on ZEC, with the BTC dump in full effect there is a possibility it could hit $300, placing a buy order above that. If we don't see it that low looking to buy any strong bounce over the next 24 hours. If it just slowly grinds up, buying any breakout at the major resistance around 368. After 368 it's pretty smooth sailing to around 900. If it breaks below $300 will stop at 290 and put the trade on hold until it breaks out over 3 again, it all depends on what the market chooses to do on this BTC correction.
$ZECUSDT - On its way to 800Hello everyone!
Zcash is on its recovery cycle, heading towards 700-800.
The pair has made a breakout from the ascending channel and doesn't seem to be giving up it's bullish pace.
Although RSI on all time frames show extreme overbought, it might as well correct to 326 and 290 (less likely but possible)
The pace is high, so ZECUSDT will reach 800 anytime soon as it enters a new impulse.
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Everything around you is data, from which you derive information, from which you derive knowledge, from which you derive wisdom.
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Zcash Has Positive signsGood Day,
Zcash has a lot of positive signs going for it.
- MACD had a decent rejection of the Bears
- RSI comes from a fairly stable flow around the 50, which indicates potential in the market for upward movement
- DMI is crossing on 12HR timeframe
- Healthy correction from 16th April high
- Steady upward movement
- Testing $267 resistance with persistence
- If we count the waves Elliot, we just started the second wave in a potential five-wave movement
Larger time frame
- Strong candle forming on daily
- Correlation with BTC has to be factored in for sudden downwards movement. Even dough the market dominance is shifting away from BTC (could indicate different market behavior for bigger altcoins). There is a bunch of other factors that can substantiate a potential different market movement for the future (early days do).
- New people to crypto, might find the Threshold for 1 BTC high, which will help the psychological adaption of the trusted ALTS with store of value, payment, anonymous options
- MACD crossing bullish
- Good volume
- Fibonacci levels are good
Historical High: very early days $1600 - last boom $800, so decent long-term potential.
Fundamentals of the coins are strong enough
Chasing the trade can be dangerous, and atm it is breaking, which is never a point to enter(only with exp and caution)
None the less I am in, levels to watch and stop/take profit on the chart.
Good luck to you all!!
ZEC Possible 8.9X gains opportunities.Based on the ZECBTC chart, ZEC had shown a reversal and broke out of its downtrend resistance after 1200 days. If ZEC rally towards its previous all time high against BTC, we are looking at a whooping 890% gains. A conservative rally towards its lower second peak will be a 588% gain!