ZEC/USDT Bullish TA Update. Target 95%..?#ZEC/USDT TA Update:-
#ZECUSDT currently trading at $60-$61
I am buying here some and also waiting for some more dip.
Why..?
According t chart Bullish flag view.
So I am expecting something big from #ZEC within few days/weeks.
Support:- $57/$52
Resistance:- $64.88/$73.24/$87/$98
So I also buy more if breakout Resistance level I mentioned in Yellow colour.
Entry:- $58-$61
Targets:- $65/$74/$87/$98
Stop Loss:- I will mention.
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ZECUSD
Z Cash officially in Wave 3. ZECUSDOh Yes! The fun is just getting started. That was quite a large Wave 1 (compared to top ten cryptos), and it looks like there is plenty more to give. First initial Fib Goal charted in. Obviously if we retrace lower than SubWave 1 start, then all bets are off, but this is somewhat unlikely at this stage. Strap yourselves in and NFA.
ZEC 1D. Critical point is $66This is an addition to the previous Zec idea .
In this idea, we expanded the transition channel and identified global targets.
If in the coming days the ZEC price cannot rise above $66 , then buyers' weakness will be confirmed.
In this case, a fall scenario with a lower target $43.6 will be activated .
If the price fixes above $66, we will expect the ZEC growth continuation in range $80-87 by the beginning of Halving.
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ZEC/BTC (Bearish Retest?)💎Technical Analysis Summary💎
BINANCE: ZECBTC
-Zcash broke its local support during its mini rally up
-If this is just a small Bearish pullback to test previous support
-And continue lower again, the downside target is around 5000s sat
-So please always plan your next trade
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Zcash aiming $125 by early DecemberContext: ~31 days until Zcash's first halving
Since April 12th we've entered an ascending channel with consistent higher lows and higher highs. We've yet to revisit this year's $100 high set during early August, but instead, have seen action mainly concentrated between the $50-$75 range. There seems to be strong support at $50, but even stronger at $44.
Possible Short-Term Scenario: We can touch the established bottom trendline of the ascending channel (around $55) followed by a bounce towards the $125 range in about a month's time.
Possible Long-Term Scenario: Extremely bullish with Zcash. We revisit January 2018's ATH by the next year 2021. Zcash has the potential to peak out at $3,737 during the final phase of this upcoming bull run, maybe January 2022 or January 2023.
ZCASH on 🔥Huobi 🔥 Fire Cannon UP!Z Cash is pumping with all the privacy coins and will have a halving event in the next couple of months. I recommended to buy here and then sell before resistance at around 80.
RSI is looking bullish and xmr is also along with many other privacy coins going up.
Load your bag this one looks good
ZECUSD is getting bounced from the strongest support lineHey, friends hope you are well and welcome the new update on Zcash (ZEC) coin.
By the grace of Allah the most high my previous idea has been executed exactly as per defined targets:
Now on the weekly chart the priceline is having very nice bounce from 25 and 100 simple moving averages moreover the 25 SMA also has formed bull cross with 100 simple moving average. The 200 SMA is at $135 that can work as strong resistance as well.
On daily chart the priceline is moving in down channel since 1st Aug 2020. Now finally the priceline is closed above exponential moving averages with the time period of 10 and 21. The EMA 10 and 21 also have formed bull cross that can lead the priceline of Zcash to breakout the resistance of this down channel as well.
Volume profile of complete channel showing no interest of traders below $51 and very less interest above $80. Therefore a movement upto $80 is confirmed and there will be less chances to break down the support.
As we have seen earlier that the priceline of ZEC is getting bounced from the 25 and 100 SMAs on the weekly chart and also closed above the EMAs 10 and 21 on daily chart and likely to break out the resistance of the down channel as well. In the meanwhile, it has also formed the most significant bullish move and that move is the price action has reached the support. And this is the most strongest support since Nov 2019. We can observe that after reaching at this support the priceline 1st rallied 186% then 209%. At this time we can again expect another powerful bullish move again.
Conclusion:
Even though the priceline is having a very nice bounce from the long term support on weekly chart, however, we should use this support as stop-loss as well. If the next bullish rally will be started from here (as it seems to be) then a move up to 200 SMA can be expected that is at $135 at the time of writing.
Long ZEC: Initiating uptrendWeekly:
After a bullish divergence there is a first high, and then we see a finger pattern, that downwick which shows a price rejection. After that a low is formed, and price is rising again. The downtrend has clearly been broken and I suspect a move up to a new higher high.
The target would then a higher high between 100 and 113. It remains to be seen what the strength is, but I will take some profit at least around the lower area of this target zone.
Stochastic RSI is coming from a oversold condition and supports the idea of an upmove.
If the trend is just strong and healthy, I will stay in the trade and add to pullbacks. But then a new analysis will be posted.
Daily:
Afther the bullish divergence, there is a first high here as well, and then a first low that bounced on the EMA. Now it seems the uptrend is in play on this time frame as well. Price will probably be hovering between the value zone (EMA's) and +1 ATR.
MACD-Histogramd and EFI are rising, as is Stochastic RSI.
The stoploss will be a bit below the latest lows, around 2 ATR levels away.
Entry:
I will try to enter the trade in parts, in the price zone of 64-65.
Stoploss: 51.85
Target 1: 99,98
Target 2: 113
R/R ratio: 1:2,7 / 1:3,7