ZECUSDT
ZECUSDT/ZECUSD ZEC has broken out of it 27day downward channel!If you look yestday it broke out of the downward channel. It has come down and is attempting to use the former resistence line from the top of the channel. If it holds as support we could be starting mid term upward trend. As it has been in the a short-term upward trend for about 10 days, but now that we have broken out of that channel we still have many resistences to break such as one we have been below since Mays high and another since the high in January. We also have a current upward trendline if it breaks I am going to take profits. This is purely for education purposes for you and are my opinions this is not to be taken as trading advice.
ZECUSDT POSSIBLE inverted head and shoulders formingLook at the chart we have an inverted head and shoulders forming and if confirmed we will have a $290 target. But as always in a semi down turn we have to see what happens to BTC if BTC drops then we will likely see ZEC fall in the short term. So lets go BTC so we can hit our price target on ZEC
Swiss bank account in your pocket- Bitcoins true rivalZcash started as an alternative to Bitcoin; the Zerocoin protocol which was improved upon and launched as a Zerocash (ZCash) cryptocurrency in 2016.
-Backed by wall street: within direct access to the general public (now a financial investment product) and institutional investors.
-Technicals look incredible, sentiment is on the rise, positive catalysts occurring near term
-Featured in Forbes, Fortune and CNN
-Working with JPMorgan Chase to Integrate Zcash Technology To Its Enterprise Blockchain Platform.
-Predicted (speculation) to reach >$60000 by 2025
-fortune.com/2018/01/31/bitcoin-cryptocurrency-zcash-buy-invest/
-forbes.com/sites/laurashin/2017/11/09/zcash-investment-trust-launches-expanding-investor-options-for-cryptocurrency-exposure
-grayscale.co/zcash-investment-thesis/
ZEC. Price will be $ 100. soonThe main price zone of 175-185 $, from which all the powerful upward movement began, was broken down. Within 2 weeks, buyers were not able to return this zone to themselves. Between the price zones 95-105 $ and 175-185 $ there is no liquidity. This will allow the price to easily reach my target.
ZEC long 07/03/18For myself for learning purpose. The idea is you do a fib from breakout to the top. Expect a 50% pullback, 50% - 78% but usually 50-61 (golden area) if it goes past that it is a no play. Then do a new fib from top to bottom and the target is -23% and a good play hits -61%. Lets see does it work.
ZCASH: Following the footsteps of giants.ZEC has a historically high correlation with the price movements of Ethereum. With Ethereum looking ready break out of it's falling wedge vs. USDT and swinging positive vs BTC we expect a similar price movement from ZEC. We will be patient and only take this trade if it enters our desired buying area.
Buy: 172 - 180
Target 1: 192.23
Target 2: 218.4
Target 3: 248.1
Target 4: 274.8
Stop Loss: 155
ZEC - Fueling up the rocket shipAgain this is not a trading market, but I would like to call your attention to ZCash. It's one of my favorites alts for this post-BTC crash/next bull run. It has great tech and is one of the best known and respected privacy coins out there. Last spring/summer, ZEC exploded almost 7x in a couple months. Since that top, it has struggled to gain any ground. In fact, it has had a 100% retracement from when it started its run in February of last year. However, all hope is not lost. Bullish divergence can be seen on both the MACD and RSI indicators. And believe it or not, bullish divergence can be seen on the MACD since July of last year! I think this is a little rocket ship ready to take off and it's been saving itself for a whole year to make this next bull run count. We have had a couple crossover fake-outs on the daily MACD, but I think its time is approaching. Price action is currently in a falling wedge, which is near completion and is approaching support at .026. Despite this bullish pattern, TA patterns mean very little during a Bitcoin correction, hence why I am leaving you this disclaimer. Trade at your own risk, but if we clear that pink trend line I will be buckling up!
ZECUSD. Bearish Trend. Short Goals and Long Levels. Setups
The trend is bearish. You can see my disassembly of the ZEC structure. At this point, you should be careful. We are in favor of the longs have a strong oversold of higher order. From the point of view of my analysis, use limit orders in 2 zones. Also buy after the breakdown of the channel. This will mark an early conservative entry. Also use my levels to hold short positions and enter long ones. So you have a chance to enter at the beginning of the trend. And of course, follow the risks
Swiss bank account in your pocket- Bitcoins true rivalZcash started as an alternative to Bitcoin; the Zerocoin protocol which was improved upon and launched as a Zerocash (ZCash) cryptocurrency in 2016.
-Backed by wall street: within direct access to the general public (now a financial investment product) and institutional investors.
-Technicals look incredible, sentiment is on the rise, positive catalysts occurring nearterm
-Featured in Forbes, Fortune and CNN
-Working with JPMorgan Chase to Integrate Zcash Technology To Its Enterprise Blockchain Platform.
-Predicted (speculation) to reach >$60000 by 2025
-fortune.com/2018/01/31/bitcoin-cryptocurrency-zcash-buy-invest/
-forbes.com/sites/laurashin/2017/11/09/zcash-investment-trust-launches-expanding-investor-options-for-cryptocurrency-exposure
-grayscale.co/zcash-investment-thesis/
ZEC/USD | History repeatingLast time falling wedge on Zcash resulted in 34% profits for us. Will it happen again? It totally depends on whether bitcoin will reverse or not. And if BTC chart looks messy ZEC chart looks pretty clear.
I'm going to buy my bag at $181 and set a stop-loss on $167. I will sell 50% of my bag at $244. The rest 50% of ZEC will be sold at $309.
Please remember: my trading style is agressive. You should always ask yourself if you are capable of losing amount of money that you put into after stop-loss is triggered
ZECUSDT Long Trade on Monthly Pivot SupportZcash (ZECUSDT) has bounced off the Monthly Pivot Range high. This is significant, longer term support and is a great area to look at going long the market. On the Hourly chart you can see a very encouraging sign in the Hammer candle a few hours ago, that is part of the double bottom formation from the last couple days.
The Daily Pivot Range is in the way for the moment and we will want to see the price move beyond this level to confirm a buy position. The Monthly Pivot is usually an extremely reliable level to lean against. However, we will take the more conservative approach and await a confirmed move of strength to the upside before we enter long.
The action to take is to place a buy order to enter the market long if the market trades at or above the previous swing high level of 283.00. Place the stop loss below the Hammer candle low which is also below the Monthly Pivot Range high support, 267.00. Profit targets 298.00 and 317.00
Be mindful that we have been a bearish cycle so adhere closely to the entry level and stop loss level.
ZEC Trade setupHave been plaing ZEC vs USD the last few days, it has giving good % trades and is setting up for another here. It has mooned and needs to correct a little so I think you can enter a short here, let it fall down to one of the fib levels, I think 0.61 would be bullish, if you see it trun here close your short and enter a long.
It will most likely hit the VWAP again, it will either act as resistance or go just above it so a good take profits area.
Zoomed out view.