ZEC breakout
Looking at the current trend in price we noticed a double dip last night with very strong indicators through MACD, MFI, RSI as an ideal buying opportunity. ZEC had a short recovery while resuming the dip.
I entered at various points with buying opportunities - with another due today if it dips further.
Overall i feel like this is a great opportunity for short term recovery. On longer term charts there is also a strong potential for gains.
ZECBTC trade ideas
$ZEC, Internet Gangsta…
Weekly
Looking at our trend timeframe we see price respecting our downtrend since forming it’s ATH, stochastic rsi showing momentum shifting in favor of bulls. Last time price was here was back in Dec 2017…. Are we going to see a repeat now that Q4 is on the rise.
Daily
Shifting over to our pattern timeframe we see price has broke out of it’s minor downtrend, and is now looking to make another break. Stochastic RSI showing momentum is now shifting in favor of bears and we could see a minor correction. A daily close above 2116230 activates our trade, however if rejected at this level expect our sell off to continue towards 1870000
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ZCash primed to complete right shoulder of potential invrted h&sZCash is one of my long holds so regardless of whether or not this inv h&s pattern breaks I will be holding. I'm pretty confident it will at least be testing the neckline soon and likely breaking upward. If it does break upward I have the price target posted here in green.
There is a possibility for the beginning of an uptrend in ZECBTCTechnical analysis:
. ZCASH/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
Price is in the support zone (0.01895000 to 0.01610000), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.01895000)
Ending of entry zone (0.01610000)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.02436000
TP2= @ 0.02830000
TP3= @ 0.03374000
TP4= @ 0.03773000
TP5= @ 0.04364000
TP6= @ 0.05159000
TP7= @ 0.07361000
TP8= @ 0.09137000
TP9= @ 0.10911000
TP10= @ 0.13442000
TP11= @ 0.16666000
TP12= Free
There is a possibility for the beginning of an uptrend in ZECBTCTechnical analysis:
. ZCASH/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
Price is in the support zone (0.01895000 to 0.01610000), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.01895000)
Ending of entry zone (0.01610000)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.02436000
TP2= @ 0.02830000
TP3= @ 0.03374000
TP4= @ 0.03773000
TP5= @ 0.04364000
TP6= @ 0.05159000
TP7= @ 0.07361000
TP8= @ 0.09137000
TP9= @ 0.10911000
TP10= @ 0.13442000
TP11= @ 0.16666000
TP12= Free
ZECBTC High risk but profitable opportunityThe price penetrates Ichimoku cloud where the lines intersect each other. Moreover the green cloud is above the red which means the trend reversed and our buying zone acts now like a strong support.
At the 4-hour timeframe there is Bullish XABCD pattern which can help to break through descending triangle. Nevertheless there is no strong fundamental and technical background for subsequent growth, indicators are bearish. There should be a downtrend to the triangle zone again when the price reaches all our target.
However mentioned at the chart bounce can bring a good profit in the short term
4 signals including ZEC and BAT were posted in the Premium channel 2 hours ago. The rest 2 signals are kept in secret as the are based on insider info and can bring huge x2-3 gains. Do not miss the opportunity
ZEC - Coinbase listing THE catalyst to propel it back to highs?ZEC found support around 165 on the last move lower and has since rebounded nicely but is finding trouble continuing its run higher. Currently sitting near a strong demand zone, a move back up to test the previous swing high is very possible given a push up from BTC.
RSI and MACD can be seen moving higher on increased volume as well, which could spell a break of the triangle it is currently stuck in. With the upcoming possibility of a Coinbase listing, ZEC could pump very hard as we have seen in the past on market-moving headlines, which could make this trade a very profitable one.
As always, watching BTC could give you a bias on whether to take this trade or just sit on your hands and wait for a test of the lower demand zone as shown on the chart.
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7 sept -> Will ZEC finally go UP?!So on the daily chart you see that the price is close to a support zone (orange zone), where a lot of buyers are. This means that we can look for any opportunities on a smaller time frame.
On the 4 hour chart you can see that the double bottom is forming, so we can’t act on it yet. But what we can do is setting up a possible trading plan:
Long position (4-hour)
• Entry: A close above the white line
• Stop Loss: A close below the white line
• Target: See the purple lines
Of course the stop loss would not be optimal, if the prices is going up. I will keep the idea updated when I see an optimal stop loss