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ZECUSDT

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.
Long
by DLavrov
24
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.
Long
by DLavrov
18
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.
Long
by DLavrov
4
ZCash Consolidation ContinuesZCash has re-entered the descending channel and is now trading below the key fibo level formed by the recent swing. Now we are in the long box support zone. The uptrend line was breached so a bottoming at $216 could be expected. Further downward pressure could take price to the major key fibo support at $190. A break of the second uptrend line could take the price down to the long box support at $128. Key levels to watch to the downside: - Trading range support at $228 - Long box support at $216 - Major key fibo support at $190 - Uptrend line Key levels to watch to the upside: - Downtrend line - Key fibo resistance at $261 - Major fibo resistance at $291 See the recently updated ZECBTC thread for another perspective:
BITFINEX:ZECUSDShort
by Trader6127
3
Zcash Buy OpportunityThe price dropped to SMA100 and we can expect for price reversal with further upward movement from this zone. MACD histogram supports this movement and DMI allows to open long trades. If the price breaks the downtrend line, it will be an additional confirmation of the upward movement. Pending orders for buy should be placed at 255.00 level and stop orders at 225.00 level. Profit targets are 300.00 and 400.00 resistance levels. If the market breaks SMA100, we'll have to delete buy orders and wait for a new trading signal.
Long
by DLavrov
21
ZECUSD 8h: Zcash much potential Target 250 > 300 > 410 > 620 USDI already wrote it in my last post about ETH ... Some people believe that Bitcoin will make another strong correction, I don't expect that. On september 14th bitcoin core 0.15.0 has been released and started successfully. That is also the reason next to the china trouble why the strong movements have been at bitcoin in the last week, so my opinion. Currently, it seems that the new core 0.15.0 is well accepted. Thus the Bitcoin will continue to rise and see not such a strong correction down to 2.500/2.000 USD. Some expect a strong correction of bitcoin. They assume that bitcoin is ready-made and it can be traded normally, like classic currencies. But I don't think that's the way it is. Bitcoin is still in the beta phase. Basically technical chart anaylse works with cryptos, but with technical innovations (core 0.15.0 is not a rumor, just a fact) the trading strategy has to be adapted. that's only my opinion. For ZEC, this means that the path is free to go up. Targets 250 > 300 > 410 and last to fibo area 1.62 at 620 USD. And let's see what's new about the partnership Zcash/Jp Morgan. Let's see what happens. Happy trading. :-) See also: Chart Sep 2
by BTCINVESTING
73