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ZECUSD

Zcash Price Analysis ZEC / USD: As Low As It Can Go?Zcash / USD Short-term price analysis Zcash has a bearish short-term outlook, with the ZEC / USD pair tumbling to its lowest trading level since May this year. The four-hour time frame shows that a minor bullish reversal is currently underway, after a well-defined bearish head and shoulders pattern reached its overall downside projection. Technical indicators across the four-hour time are now attempting to turn bullish. Pattern Watch Traders should note that the ZEC / USD pair may start to test back towards the neckline of the bearish head and shoulders pattern. Relative Strength Index The RSI indicator on the four-hour time frame is attempting to correct higher, although it remains technically bearish. MACD Indicator The MACD indicator on the four-hour time frame is turning bullish, with the MACD signal line and histogram issuing a buy signal. Zcash / USD Medium-term price analysis ZCash has a bullish medium-term trading bias, with the ZEC / USD pair holding above critical technical support on the daily time frame. The daily time frame is showing that ZEC / USD bulls successfully defended the pair’s 200-day moving average. The large inverted head and shoulders pattern on the daily time frame remains valid. Technical indicators on the daily time frame are bearish and continue to issue a sell signal. ZEC / USD Daily Chart by TradingView Pattern Watch Traders should note that a complex inverted head and shoulders pattern may be forming on the daily time frame. Relative Strength Index The RSI indicator remains bearish on the daily time frame, although it is attempting to correct from oversold conditions. MACD Indicator The MACD indicator on the daily frame remains bearish and continues to issue a strong sell signal. Conclusion Zcash has undergone a strong reversal after the bearish head and shoulders pattern on the four-hour time frame reached its overall downside projection. Medium-term ZEC / USD bulls still have the upper hand while price trades above the pair’s 200-day moving average and the large inverted head and shoulders pattern remains technically valid.
BITFINEX:ZECUSDLong
by CryptoBriefingTA
ZEC/USD with solid 10% profit potentialAnother great one that my mentee Murat has recognized (all credits to him): ZEC/USD on the 4H is currently about to breakout above the 92-95 range with the wicks (have to be careful to not get faked-out, you can let yourself partially trigger in this case). In this case we definitely have the chance to reach the 100 Dollars psychological, and even the previous S&R zone on the Daily at 105, which would give a solid 10% profit potential: Further S&R zones at 145 & 155 would be on the way afterwards, but we definitely would expect a reaction from the bears at 105 at the latest, before we can move higher. My mentee is able to recognize this after 3 weeks of intense training, where we're going through chart setups for 2 hours straight on every call together, training the chart anatomy with trend changes (HL/LL/), important S&R zones, indicator confirmation like RSI, and so much more, where he can ask me any questions that are unclear to him. The rate of improvement is maybe 10 times higher as if you were to figure it out by yourself, and will spare you immense amount of headaches, and especially money through noob mistakes. If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :) Edgy is providing trading metrics & online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
KRAKEN:ZECUSDLong
by Edgy_