ZECUSDT
ZCash Buy OpportunityLet's look at 4h chart of ZCash. On the chart we can see that price is in a very important zone now. From the bottom the market is supported by the uptrend line and the support level. For confirmation that the market is going to move upward, we'll need a price breakout out the channel.The downtrend line is a barrier for possible upward movement, the direction of a breakout will show us further price movement. Profit targets should be near 0.049, 0.063, 0.083 and 0.1 resistance levels.
Zcash Buy OpportunityThe market is in the uptrend and we have to search for buy opportunities. MACD and DMI support upward movement and we can trade based on a breakout signal above 300.00 resistance level. If the price can break this resistance, we'll get an additional signal confirming the upward movement. Entry level is 302.00 with stop orders at 283.80 level. Profit targets are 320.00 and 350.00 levels. This is a short term trade, but the part of trade volume can be left for long run.
Zcash Entry LevelThe price can bounce from the support zone formed by SMA50, SMA100 and the uptrend line. If the market moves above 250.00 resistance level and the previous high, it will be a confirmation of further upward movement. We can place pending orders for buy above this high at 251.80 level. Stop orders must be placed below the previous swing low at 225.50 level. Profit targets are 300.00 and 400.00 levels.
Zcash Buy OpportunityADX line of DMI indicator rises above 20 level and it gives us a confirmation of trend market conditions and a new upward movement. The local high is above the cloud and it can be used as a level for placing pending orders for buy. If the price breaks the downtrend line and moves above the local high, we'll get an additional confirmation that the market is going to move upward. Entry level is 238.00 with stop orders below the local swing low at 217.00 level. Profit targets are 300.00 and 400.00 resistance levels.
Zcash Buy OpportunityThe market moved above 220.00 resistance level. A new swing low allows us to draw an uptrend line. Based on this new uptrend line we can consider that the market is going to move upward. RSI confirmed price reversal. MACD histogram supports upward movement. ADX line starts falling and it tells us that the bears are not so strong now. If the market breaks the downtrend line, it will be a confirmation of further upward movement. In order to catch such movement, we can place pending orders for buy at 228.00 level with stop orders at 205.00 level. Profit targets are 250.00 and 300.00 levels.
Zec How to TradePrice bounced from the level $456 and start downward movement. Now we have a situation which can't give clear direction for possible trades. I think the best way is to wait for the moment, when price breaks the trend line and open long trades or breaks the support level and open short trades.
Z CASH GREEN LIGHTS FOR 300ZCASH is way above the Kumo cloud from 1m until 2h chart.
Green lights for long trades, looks like it will be the winner of the day.
DMI supports upward movement and rising bull strength impression.
Currently slightly getting overbought (Stoch, RSI), so you might wanna wait till the next wave down and then get in and then ride it until:
target 1: 300
target 2: 400
Stop loss: 205
Your likes are welcome, good luck with all of your trades!
Zcash Buy SignalBullish divergence gives us a trend reversal signal. The price broke SMA100 and it confirms that the downtrend is over. MACD supports upward movement. DMI shows that the bulls become stronger. It's buy opportunity. Pending orders should be placed at 235.00 level with stop orders below the local swing low at 206.00 level. Profit targets are 300.00 and 400.00 levels.
Zcash Buy OpportunityThe price bounced from 220.00 support level. RSI and a reversal candlestick pattern confirmed price reversal. DMI shows range market conditions and we can wait for a volatility breakout with further strong price movement. In order to catch such movement we should placed pending orders for buy at 235.00 level. Buying from this level, we do it not far from the possible bottom. Stop orders must be at 212.00 level which is below the local swing low. Profit targets are 300.00 and 400.00 levels. For confirmation further upward movement the market will have to pass through 250.00 level.