ZECBTC trade ideas
Zcash Super Strong | Next Target Mapped + Support LevelsHere we have ZECBTC (Zcash), one of the strongest altcoins within the cryptocurrency markets.
We can look at multiple signals here starting with EMA300 (grey line). This level is working as resistance and stopped ZECBTC from growing... This is clearly marked on the chart.
If EMA300 can be conquered, we will see prices flying up fast. But if instead EMA300 is too strong, we will see ZECBTC retrace and test the lower support (EMA200/EMA50).
The ascending triangle in light blue is another bullish signal on this chart. With such strong consolidation, prices are likely to continue straight up.
If we look at the long-term chart, this is only the beginning and there is room for much more growth... Charts below:
Dec 5, 2019 | Zcash Starts To Go Bullish, Lots Of Potential For Growth
Jan 13 | Zcash Enters Bull Phase, Huge Volume, Gaining Momentum
Thanks a lot for reading.
Namaste.
ZECBTC Is Forming Bullish BAT Pattern | A Good Long OpportunityWorld's 25th ranked cryptocurrency Zcash (ZEC) with Bitcoin pair is forming bullish BAT pattern and expected to enter in bullish potential reversal zone soon.
Lets have a look on the ZEC price action's move:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B leg's Fibonacci projection (here at B to C leg I have ignored some extra spike coz all other legs are driven perfectly as required for BAT) and final (C to D) leg is suppose to be retraced between 0.786 to 0.886 Fibonacci for a perfect bullish BAT and then the price action will be entered in potential reversal zone of this bullish BAT pattern, then we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below for mid term trade:
Buy between: 0.00699352 to 0.00692279 sats
Sell between: 0.00716236 to 0.00741433 sats
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish BAT pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
zec/btc trendlinezec/btc can up to 0.0086 or first down to 0.0064, after touch 0.0086
Zcash is halving in:
106 Days
and very bulish
Always be profitable ;)
ZEC WOLF WAVES ... MASSIVE UPSIDE POTENTIALZEC has been in a downtrend since ever.
Some corrections but never bullish.
ZEC will halve around the end of 2020 and with this halving the founder reward should also come to an end. Both factors could enhance the price action over the next 10 months.
If these are wolf waves the potential upside target is massive high. Naturally this target is completely unrealistic, but I think that time for Zcash is coming. Volume breaking the 50MA will give useful inside about the pertinence of this post and the take profit.
BIO
ZEC is pumping hard(just as expected). ZEC is pumping hard(just as we discussed a couple of days ago). Stunning 14% up.
Do not forget that "The trend is your friend" and I will be stacking sats until it works. When market structure gets broken/unattractive I will just go to the next promising setup.
Zcash broke down from the Symmetrical triangle!Zcash broke down from the Symmetrical triangle!.
Price will test the 0.5 fib level soon. Failure to bounce there will lead us to a bigger/deeper correction.
Altcoins market is still strongly correlated to Bitcoin price action. No new entries on ZEC for now.
Still positive that this is more of a correction in an uptrend than a pump & scheme.