ZECUSD
ZECUSD Second Chance: Profit=765% SL=70% Reward/Risk > 11:1Second Chance Trade Setup summary:
Profit targets=765% = {TP3= 35% + TP4= 61% + TP5= 79% + TP6= 104% + TP7= 127% + TP8= 144% + TP9= 215%}
Stop Loss =70%
Reward/Risk > 11: 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (71.35) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP3= @ 96.60 (New)
TP4= @ 115.25
TP5= @ 127.65 (New)
TP6= @ 146.00 (New)
TP7= @ 162.00 (New)
TP8= @ 174.30 (New)
TP9= @ 225.40 (New)
SL= Break below 64.00
--------------------------------------------------------------------------------------------------
First Buy Current Status:
Total Profit: 136%
Closed trade(s): 85% Profit
Open trade(s): 51% Profit
Trade Setup:
We opened 3 BUY trade(s) @ 48.84 based on 'previous Forecast' at 2020.06.15 :
Closed Profit:
TP1 @ 64.00 touched at 2020.07.13 with 31% Profit.
TP2 @ 75.60 touched at 2020.07.31 with 54% Profit.
31% + 54% = 85%
Open Profit:
Open trade is 74.15(current price) - 48.84 (open price) = 51%
1 trade(s) still open, therefore total profit for open trade(s) is 51% x 1 = 51%
Technical analysis:
. ZECUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
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ZECUSD Second Chance: Profit=765% SL=70% Reward/Risk > 11:1Second Chance Trade Setup summary:
Profit targets=765% = {TP3= 35% + TP4= 61% + TP5= 79% + TP6= 104% + TP7= 127% + TP8= 144% + TP9= 215%}
Stop Loss =70%
Reward/Risk > 11: 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (71.35) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP3= @ 96.60 (New)
TP4= @ 115.25
TP5= @ 127.65 (New)
TP6= @ 146.00 (New)
TP7= @ 162.00 (New)
TP8= @ 174.30 (New)
TP9= @ 225.40 (New)
SL= Break below 64.00
--------------------------------------------------------------------------------------------------
First Buy Current Status:
Total Profit: 136%
Closed trade(s): 85% Profit
Open trade(s): 51% Profit
Trade Setup:
We opened 3 BUY trade(s) @ 48.84 based on 'previous Forecast' at 2020.06.15 :
Closed Profit:
TP1 @ 64.00 touched at 2020.07.13 with 31% Profit.
TP2 @ 75.60 touched at 2020.07.31 with 54% Profit.
31% + 54% = 85%
Open Profit:
Open trade is 74.15(current price) - 48.84 (open price) = 51%
1 trade(s) still open, therefore total profit for open trade(s) is 51% x 1 = 51%
Technical analysis:
. ZECUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
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ForecastCity English Support Team ❤️
ZECUSD: Good opportunity for LongAt D1, the cloud is directing upward, indicating an uptrend. The RSI moved down and the price found support on the Ichimoku cloud.
At H4, the cloud is directing downward, indicating a price correction at the D1 timeframe.
Besides, RSI is at the oversold level, which indicates the weakness of sellers.
We recommend buying ZECUSDT near the 50% Fibonacci level and take the profit near the level of 108.
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!
Zcash: 100USD Reached, What's Next? Here is another market that looks overbought. The price reached 100USD, and it is a solid resistance level. We can expect a reversal from this zone and further downward movement toward 76USD support level and MAs with 20 and 50 periods. The price action at these zones will be able to give us new buying opportunities.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
ZECBTC - Good-looking pairZCash - BTC pair looks good here, it's trying to fly out of year's long range and doing it successfully.
The obvious near-term target is 0.0086 BTC, and if it succeeds to hold above then retest of 0.01 BTC and even 0.015 BTC is could be near the corner.
Hit the "LIKE" button and follow to support, thank you!
Information is just for educational purposes, never financial advice. Always do your own research.
ZECUSD Update: Profit=124950 SL=11600 Reward/Risk > 10.7:1 Trade Setup summary:
Profit targets=124950 pip (2100 + 3965 + 5205 + 7040 + 8640 +9870 + 14980 + 19540 + 23670 + 29940)
Stop Loss =11600 pip
Reward/Risk > 10.7 : 1
Current Status:
Total Profit: 7732 pip
Closed trade(s): 4192 pip Profit
Open trade(s): 3540 pip Profit
Trade Setup:
We opened 3 BUY trade(s) @ 48.84 based on 'previous Forecast' at 2020.06.12 :
Closed Profit:
TP1 @ 64.00 touched at 2020.07.22 with 1516 pip Profit.
TP2 @ 75.60 touched at 2020.08.01 with 2676 pip Profit.
1516 + 2676 = 4192
Open Profit:
Profit for one trade is 84.24(current price) - 48.84(open price) = 3540 pip
1 trade(s) still open, therefore total profit for open trade(s) is 3540 x 1 = 3540 pip
Technical analysis:
. ZECUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 73.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (75.60) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP1= @ 96.60
TP2= @ 115.25
TP3= @ 127.65
TP4= @ 146.00
TP5= @ 162.00
TP6= @ 174.30
TP7= @ 225.40
TP8= @ 271.00
TP9= @ 312.30
TP10= @ 375.00
SL= Break below 64.00
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Now, It's your turn!
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Trade well, ❤️
ForecastCity English Support Team ❤️
ZECUSD Update: Profit=124950 SL=11600 Reward/Risk > 10.7:1 Trade Setup summary:
Profit targets=124950 pip (2100 + 3965 + 5205 + 7040 + 8640 +9870 + 14980 + 19540 + 23670 + 29940)
Stop Loss =11600 pip
Reward/Risk > 10.7 : 1
Current Status:
Total Profit: 7732 pip
Closed trade(s): 4192 pip Profit
Open trade(s): 3540 pip Profit
Trade Setup:
We opened 3 BUY trade(s) @ 48.84 based on 'previous Forecast' at 2020.06.12 :
Closed Profit:
TP1 @ 64.00 touched at 2020.07.22 with 1516 pip Profit.
TP2 @ 75.60 touched at 2020.08.01 with 2676 pip Profit.
1516 + 2676 = 4192
Open Profit:
Profit for one trade is 84.24(current price) - 48.84(open price) = 3540 pip
1 trade(s) still open, therefore total profit for open trade(s) is 3540 x 1 = 3540 pip
Technical analysis:
. ZECUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 73.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (75.60) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP1= @ 96.60
TP2= @ 115.25
TP3= @ 127.65
TP4= @ 146.00
TP5= @ 162.00
TP6= @ 174.30
TP7= @ 225.40
TP8= @ 271.00
TP9= @ 312.30
TP10= @ 375.00
SL= Break below 64.00
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️