ZECBTC trade ideas
ZECBTC Ascending TriangleStaying in the Zcash realm, ZEC/BTC Pair looks to form an Ascending Triangle as well.
Can see it pullback to the support one more time before taking off. Also good fundamentals with the halving coming up in November.
Could give extra fuel for a possible bulltrend.
Close below 6300 would invalidate the setup and possible bulltrend, at least for the short term
Trade safe :)
ZCash (ZEC)Expecting a parabolic bull-run of ZCash (ZEC). Price has broken symmetrical triangle and with continuous development of project and community growth, I expect a huge exponential growth of price. Buy and hold ZEC, thank me later. ;-)
ZECBTC Bullish AnalysisZECBTC look like trading on a symmetrical triangle.
From an initial perspective, ZECBTC looks like it has broken out major "red line" resistance of the triangle and is heading towards retesting it.
Current price of ZECBTC is as shown at 5639 satoshis.
From around this price, ZECBTC can potentially bounce back and head towards the "take profit" target at around 6951 satoshis.
If this is not the case and we have a breakdown of ZECBTC from the red line we have set a stop loss at around 5411 satoshi.
Then we can expect ZECBTC to head towards the green support line or form the DASHED line triangle.
ZEC/BTC ZCASH Bullish Breakout.... 20% + Gains PossibleAs we can see, Zcash is currently challenging longer term triangle resistance on the 2 day / weekly chart. I would wait for a confirmation weekly close above this current resistance for entry.
However, there are multiple good signs here. 10/21 EMA's have flipped, daily stochs have bottomed and now crossing upwards, and bitcoin as well as the entire alt market is making a run. All indicators look good.
Potential profit targets (bright green) and bottom targets (red) are marked.
As always, set stop losses and trade responsibly. BTC and alts are erratic and can wipe out a position in an instant.
This is not financial advice.
ZCASH & XMR - THE BEST PICKS WITHIN THE PRIVACY SECTOR RIGHT NOWAs mentioned regarding privacy coins sector (see the linked idea), XMR and ZCASH are my favourite ones at the moment. They show a similar pattern, with a breakout of a descending triangle.
Verge is ofc not considered at it already spiked due to halving
Zcash bullish accumulation pattern above support level.Hello Traders,
Here is a simple and quick analysis for ZEC BTC who made a bullish accumulation pattern above an important support level, our indicator shows us that we still on bullish momentum.
The target is the next important resistance level and stop-loss must go below the support level.
Push the like button and follow us on TradingView.
Zcash (ZEC) Solid Chart, Can GrowZcash (ZECBTC) hasn't been making much 'noise' lately but the chart is pretty solid.
Not "strongly bullish" as most of the charts that I share but solid nonetheless which is still pretty good.
The prices for this pair remains trading above the major MA200 line and also EMA300, as well as the minor ones, EMA10/50/100.
I've kept this chart simple and marked the next main potential path.
Please notice that this just the potential path, surely other scenarios can develop but this is the most probable based on my experience and also the signals coming from the chart.
The dotted lines crossing the charts are for resistance and support.
Resistance = above the current price.
Support = below the current price.
Based on Fib. proportions.
This chart is different from other altcoins and shows real action (people/groups) rather than only trading bots buying and selling.
How do I know this you ask? 😊
Because of the patterns being drawn on the chart.
Thanks a lot for reading.
Namaste.
Previous chart | May 17
Don't miss the great buy opportunity in ZECBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00539). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ZECBTC is in a range bound and the Resumption of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.00560
TP2= @ 0.00580
TP3= @ 0.00610
TP4= @ 0.00640
SL= Break below S2
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Don't miss the great buy opportunity in ZECBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00539). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ZECBTC is in a range bound and the Resumption of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.00560
TP2= @ 0.00580
TP3= @ 0.00610
TP4= @ 0.00640
SL= Break below S2
❤️ 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 ❤️
Bullish momentum ZEC/BTC.Hello Traders,
ZCASH seems to be breaking out a bullish accumulation pattern after the long term downtrend line breakout. But be careful this asset is facing a liquidity problem.
As we can see in the image above, this asset is facing a liquidity problem, where it is causing many traps for small players.
I'd rather stay out of an asset like that
But the potential for this asset to rise is very large when looking at the long term