Zcashlong
#ZECBTC - Swinging to Top of Channel RangetheCrypster -
As you can see #ZCASH has ben ranging this channel against #bitcoin for a little while now, with clear swings from top resistance to lower support. After a quick retest of the lower edge we're moving on up once again!
The mid-line within this channel has played a pivotal role previously, providing a level of both support and resistance numerous times; but with the fresh rejection, the price breaking above a significant historical low and a good Buy signal from Crypto Tipster v2, we can see this heading on up!
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Zcash (ZEC) formed bullish BAT for upto 134% big moveHi dear friends, and welcome to the new update on Zcash (ZEC).
Previously on a long-term monthly view, ZEC formed bullish Shark , and we had a nice trade.
This time on a weekly time frame, ZEC has formed huge bullish BAT pattern.
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 Support Levels to DCA! I'm AccumulatingI'm very long on ZCash. It's bitcoin's main competitor and offers the privacy solutions crypto desperately needs. Basically bitcoin with fully shielded transactions, enhanced scalability, and much lower fees. It works much better as a p2p currency than bitcoin. It may not be big today, but that's what makes it the perfect coin to start accumulating. After all, the people who make it in crypto buy the hidden gems, not the coins already at peaks. My thoughts, not financial advice. But if you were looking to enter ZCash, these are the levels I would consider buying the dip at.
ZCASH optimistic scenarioOptimistic scenario a channel is formed by a large up move
Of course this up move bars pattern is copied from the previous bull move, the only really comparable price action that we are likely to see
three green circles can be viewed as "three up" move
Not a fan of ZCASH but this TA suggests potential.. If you base your buys on TA.
Zcash correction completedWell it looks like Zcash dropped one more Fibonacci level to around the 78.6% retracement level (~$79.16). In my defense, I did say “wait for confirmation”... Whether you bought it around the 61.8% retracement level or waited for it to fall, you won’t have any regrets in the long run. (If you don’t already know, cryptocurrencies follow bitcoin’s lead, bitcoin moves in four year cycles, crypto’s growth relative to fiat is always logarithmic... but that’s getting off topic). Although you can’t go wrong buying crypto at any time during the current bull run, it’s always fun to try to identify the bottom of a C wave in an Elliot wave pattern as a perfect time to buy. I believe that’s where we are at right now with Zcash.
There’s something else interesting about the support level Zcash just bounced at, however. It almost perfectly lines up with the Feb 14 resistance level. That level (~$76.10), coupled with the 78.6% Fibonacci retracement level of the current correction, makes for an ideal new support level and great buy opportunity.
Great Zcash buy opportunity!ZECUSD formed a beautiful Elliot wave from July 5 - Aug 6. The correction that has followed is fitting nicely into Fibonacci retracement lines and it’s easy to see that we are on the C wave of an ABC correction. This has almost hit the 61.8% retracement ($84.39). I fully expect it to turn the corner there and enter another 5 waves up. As always, wait for confirmation. Note that so many other cryptos are bullish right now, whereas ZEC is doing it’s obligatory post-rally ABC dance. ZEC almost always moves with the rest of the crowd (and, when it doesn’t, it mimics whatever Monero is doing). The overall crypto trend, and Monero itself, are bullish right now ( duh ). Thus, we have every reason to believe that ZEC is at the perfect moment to buy. Once it tags that fib line, it should waste no time joining back up with the rest of the herd in the running of the bulls!
ZECBTC | Closing Above 50W EMAThe price of BINANCE:ZECBTC looks quite bullish after closing above 50W EMA (green trend line ) after quite a while.
Two possibilities: -
1. Buying the coin above the support when the price retests ✅
2. Or, buying it when the price breaks the resistance ✅
Both the possibilities have a good profit margin! 🎯
Thank you for reading, hope you have a good day!
ZECUSD formed a bullish Crab | Upto 172% from herePriceline 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 Stochastic is in bear cross so for secure trade we can wait for stochastic to give bull cross then buy.
I have used Fibonacci sequence to set the targets:
Sell between: $56.95 to $100.95
Buy between: $38.32 to $14.76
Regards,
Atif Akbar (moon333)
ZECUSD forming bullish Cypher | Upto 85% expectedHi friends hope you are well, here I have found another profit potential trading idea for you and this time I have found a harmonic move by Zcash (ZEC). The Priceline of ZEC is forming bullish Cypher pattern and soon it will be entered in potential reversal zone and will be ready for bullish reversal soon.
Lets have a look on the Zcash priceline's move:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.272 to 1.414 of A to X leg's Fibonacci projection and final (C to D) leg is suppose to be retraced between 0.618 to 0.786 Fibonacci projection of X to D leg for a perfect bullish Cypher and then the price action will be entered in potential reversal zone of this bullish Cypher pattern, then we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg.
www.tradingview.com
Buying And Sell Targets:
The buying and sell targets according to harmonic Cypher pattern should be:
Buy between: $44.84 to $36.37
Sell between: $51.51 to $67.50
So this is upto 85% profit opportunity
Stop Loss:
The potential reversal zone area which is up to $36.37can be used as stop loss in case of complete candle stick closes below this level.
ZECBTC formed bullish BAT | A good long opportunityZcash is one of my favorite digital asset who gives short term trading opportunities almost daily for the day traders.
Currently being traded below exponential moving averages 10 and 20 with Bitcoin pair on day chart.
On short term 2 hour chart after a successful formation for bullish Shark pattern the ZEC moved up from potential reversal zone and now the price action has formed a bullish BAT pattern and at this time the priceline is floating in potential reversal zone of this BAT pattern.
Let’s dig this pattern deeper to examine how perfect this pattern is formed:
After completing the initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time from this area.
The Indicators:
We can use different indicators to get help enter this trade like the moving average convergence divergence (MACD) is strong bearish and stochastic is in bear cross so we can wait for MACD to turn weak bearish from strong bearish or stochastic to give bull cross then place our buying orders.
The Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Buy between: 0.006296 to 0.006273 sats
Sell between: 0.006350 to 0.006431 sats
Stop Loss:
The potential reversal zone of this pattern can be used as stop loss in case of complete price action closes below this level.
This is short term trading idea not a long term idea, I will be keep posting more trading ideas
ZECBTC Is Forming Bullish BAT Pattern | A Good Long OpportunityWorld's 25th ranked cryptocurrency Zcash (ZEC) with Bitcoin pair is forming bullish BAT pattern and expected to enter in bullish potential reversal zone soon.
Lets have a look on the ZEC price action's move:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B leg's Fibonacci projection (here at B to C leg I have ignored some extra spike coz all other legs are driven perfectly as required for BAT) and final (C to D) leg is suppose to be retraced between 0.786 to 0.886 Fibonacci for a perfect bullish BAT and then the price action will be entered in potential reversal zone of this bullish BAT pattern, then we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below for mid term trade:
Buy between: 0.00699352 to 0.00692279 sats
Sell between: 0.00716236 to 0.00741433 sats
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish BAT pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
ZECBTC a strong breakout expected | Upto 1062% profit expectedThe ZEC is moving within a pennant since feb 2017 and at the bottom of pennant we can see the MACD has given strong bull signal moreover the RSI is already oversold. The price action can breakout the pennant from here insha Allah very soon.
The targets are:
Sell betwen: 0.061458 to 0.118045
Regards,
Atif Akbar (moon333)