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Zec

🔥 ZEC Bullish ChannelZEC has been trading inside this channel since the start of 2021. During the most recent sell-off, ZEC failed to pierce through the lower support of the channel and reversed sharply from said channel. In case ZEC makes a bearish move in the near future, we're prepared to trade the channel. In case the price keeps on rising this trade will naturally not be executed. Before entering this trade wait for the price to touch the Entry line. On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence. Happy trading!
Long
by FieryTrading
21
ZECUSDTHello to you all. Mars Signals team wishes you high profits at all times. According to this that the price has reached a level after which always the price would experience a rise, we expect it to rise again. If it is able to break its bullish triangle, it is possible for it to see higher prices. But you also need to keep this in mind that if the price faces another failure in rising, there is more possibility for further falling. Warning: This is just a suggestion to you and we do not guarantee profits. Wish you luck!
by MarsSignals
ZECUSDT (ZCASH) - UPTREND CONTINUATION ANALYSIS 🔎 - ZECUSDT hit swing high. - The market then retraced for a retest of the flip horizontal support (S1) and fibonacci retracement levels. - A bullish pin bar (hammer) was formed at the retest area. - Price action is printing a pennant chart pattern. - A pennant chart pattern is a trend continuation pattern. In this case, a bullish continuation pattern. - There's an uptrend continuation possibility. BUY ENTRY ⬆️ - Breakout above the pennant's inclined resistance. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the pennant's inclined support.
Long
by Chibuike_Odoh
4