ZECPERP trade ideas
ZEC/USD to rise.The price for ZEC/USD has been rising in the Acceding channel as could be expected after such steep Downtrend. The price is above the MAs and they don't seem to cross , moreover , the support of the acceding channel has recently been successfully tested.
A trading opportunity to buy in ZECUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (48.84). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ZECUSD 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 66.
Take Profits:
TP1= @ 64.07
TP2= @ 75.60
TP3= @ 115.25
SL= Break below S2
A trading opportunity to buy in ZECUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (48.84). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ZECUSD 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 66.
Take Profits:
TP1= @ 64.07
TP2= @ 75.60
TP3= @ 115.25
SL= Break below S2
Two Simple Reasons Why The Zcash Can Be More Bullish Than BTCHi friends hope you are doing well. Today we will try to understand that which one is the better for investment the Zcash or the Bitcoin.1st I would like to give you recap of my previous article that I posted on October 9 2019 that the ZEC has formed bullish Crab pattern on 2 day chart. And as per Fibonacci sequence of the Crab pattern I predicted that the price action should take the bullish divergence from the potential reversal zone and should enter in the Fibonacci projection area of A to D leg of Crab from 0.382 to 0.786 Fibonacci level. And finally the price action moved up with the powerful bullish rally and produced more than 170% profit. I was expecting that the price action will cross up of the 0.786 Fibonacci projection area and will start a long-term bullish rally. But unfortunately the price action dropped down again in the potential reversal zone. Now we have a very strong support of the potential reversal zone for the price action of Zcash.
1st reason the most undervalued coin among top 100 cryptocurrencies:
If we watch the history of the ZEC as per Bitfinex exchange. Then it was enlisted there in the last week of September 2016. When it was being traded above $2600. In the meanwhile the Bitcoin was being traded at almost $600. So at that time the Zcash had more value than the Bitcoin. Therefore at this time Zcash at is one of the most undervalued coin among the top hundred cryptocurrencies. But if we watch the first long term bullish rally by the ZEC coin that was started from Feb 2017 to January 2018, that was more than 2200%. On the other side the Bitcoin moved by 1800 percent so there was the difference of 400% in the profit produced by the Zcash price action comparatively to the Bitcoin.
Therefore many traders think that whenever the Bitcoin starts bullish rally the Zcash follows it subsequently but eventually ZEC coin produces more profit than BTC. For example we can also watch the recent rally from March up till now. Where the Bitcoin has rallied more than 160% whereas the Zcash has rallied more than 170%.
Up channel:
On daily chart The Zcash and the Bitcoin both has formed an up channel. At this time almost every top cryptocurrency has formed such kind of up channel on the daily chart. Both the ZEC and BTC have reached at the support of his up channel so there are chances that both coins will start another rally to reach up to resistance to make another attempt for the break out. We can also observe that within this channel the Zcash has produced more gains than the Bitcoin.
Chart patterns on weekly chart:
Now if we switch on the weekly chart then it can be observed that the Zcash has formed falling wedge pattern. And it has already bounced from the support of this wedge. But so far it did not reach up to the resistance of the channel so there are chances that it will move further more to reach up to the resistance. However if we watch the Bitcoin on the weekly chart then it has formed a down channel and after hitting the resistance the leading cryptocurrency is likely to drop down. However if the Bitcoin will start bearish rally from here then it is possible that ZEC coin will be not pulled back like other cryptocurrencies. I'll tell you the reason why it will be not pulled back with the other cryptocurrencies when I will explain the second reason. However the sideways movement within this wedge is possible.
Second reason a big bullish harmonic pattern and due bullish move:
After the drop of March 2020 we have witnessed that many cryptocurrencies completed their final berish legs of different patterns. And if we talk about the Bitcoin and Zcash then Bitcoin formed a very big bullish Gartley pattern on the monthly chart and on the other side the Zcash also formed is very big bullish Gartley pattern on same monthly chart. However as per Fibonacci sequence the Bitcoin took bullish divergence and has entered in the potential sell zone or the Fibonacci projection of A to D leg of Gartley, but if we watch the ZEC coin then it is still moving in the potential reversal zone. Therefore as per Fibonacci sequence of bullish Gartley pattern the powerful bullish rally by the Zcash is still due. The price action is still moving in potential reversal zone and this potential reversal zone in itself is a very strong support for the price action. Therefore we can expect if the Bitcoin to be dropped from here or starts a correction rally then Zcash will move sideways within this PRZ level. And when the Bitcoin will start the bullish rally then the Zcash will start its due bullish move as per Fibonacci sequence of this Gartley pattern and will beat the Bitcoin in profitability.
Bitcoin Gartley move:
Zcash Gartley move:
Conclusion:
Zcash is far more undervalued coin among go all the top hundred cryptocurrencies. Therefore when the Bitcoin will start bullish rally then ZEC coin can try recover its lost value that was more than $2,600. It is the normal behavior of the Zcash that whenever the Bitcoin starts the rally the ZEC follows it subsequently and produces more profit than Bitcoin. And this due bullish move of Gartley pattern can lead The Zcash to produce more profit than the Bitcoin again.
ZECUSD formed a bullish Crab | Upto 172% from herePriceline of Zcash / US Dollar has formed a bullish Crab pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
RSI is oversold.
Volume profile is showing less interest of traders at PRZ level and MACD is strong bullish but Stochastic is in bear cross so for secure trade we can wait for stochastic to give bull cross then buy.
I have used Fibonacci sequence to set the targets:
Sell between: $56.95 to $100.95
Buy between: $38.32 to $14.76
Regards,
Atif Akbar (moon333)
ZEC: Wyckoff Accumulation and bullish Ichimoku setupHello,
Everything's on the chart.
Feels like $55 and $70 are just around the corner.
Enjoy, like and subscribe if this was helpful to you.
ZECIF D closes above LMH, reclaiming prev H&S neckline then bull. look for 60s and 70s. ADAUSD, OMGUSD already triggered. alts/usd giving early signals as long as BTC consolidates above 9300
ZEC/USD3 pings on the top of the daily cloud with a close above. My friend is always telling me that ZEC has never seen a bull market, could this be the beginning of one for this alt coin? From what I read, it has some bleeding edge tech...
Zcash is going to eat BCH's LunchIn November, Zcash will go through it's 1st having.
I'm expecting Zcash to surpass BCH value per coin, but in the short term I'm targeting 0.3 and 0.65 of BCH value per coin.
When this happens, time will be good to judge progress made by the Bitcoin ABC team, although I have deep conviction their R&D has been damaged a lot by lack of funding and toxic BCH maximalist (I know, isn't it funny ?) shenanigans.
Wish good luck to my Bitcoin Cash friends, but my money is on Zcash now.
ZEC.usd at a Key Resistance, next 2 possible jumps MappedZcash has been lagging the King, and the market in general.
It has just started a move, and is now at a Key resistance level.
It should pullback a little bit here and prepare for a larger move.
$ 54.46 - 55.13 is Strong resistance and minimum expected target.
$ 62.84 - 63.26 is Very Strong resistance and could end the move.
$ 67.83 - 68.83 will be the Extended target, and Bear's Last Stand.
It is POSSIBLE that 48.99 resistance does not cause any dip (It as been weakened)
It is PROBABLE that 54/55 will cause a significant pull back (proven strong zone).
It is PLAUSIBLE that 62/63 is attacked straight on but unlikely (long way to go).
I will post updates as price action reaches key points.
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Pullback For Zcash. (ZEC)Symbol: ZECUSD / Cryptocurrency
I am getting a 3day crossover trigger to the downside as we setup a new Resistance level. Not interested in a buy currently.
ZCASH - FIRST STOP $100!Expecting Zcash to rise sharply to $100 if the following comes true:
- Zcash price breaks pennant pattern to the upside
- Bitcoin price spikes past $12,000
Zcash/USD to 400x From now until Early quarter of 2021 we will witness the glory of zcash. I see it going to repeat what happened on 2017 but this time even stronger than ever before, with 400x.
ZECUSD - may be onto something .... Looking at the daily setup on ZEC it sure looks like a triple top to me .
A triple to would make the calculated move down a move to around 36.79
..Ok stay with me now for some math
if we take the the 36.7 and divide it by the current ZECUSD price of 41.07 it gives .89 as the multiplication factor ...
so now we can speculate the Possible future price as = (current price * .89)
Applying this to following tokens gives the following future prices .
ETH = 187 * . 89 = 166
BTC = 8584 * . 89 = 7654
XRP = .194 x .89 = .172
LTC = 41.7 x .89 = 37.1 1
Now this may or no be correct but if ZEC moves down I'm expecting the other tokens will hit close to the above prices .
This Bullish Gartley Pattern Can Lead Zcash To $800Hi friends hope you are well and welcome to the new update on Zcash. 1st of all I would like to share a recap of my previous chart with you that I have shared back in Oct 2019. That the Zcash had formed a bullish Crab pattern on two day chart and I was expecting after taking the bullish divergence from the potential reversal zone of this pattern the Zcash will produce a long term bullish rally. But as per prediction the priceline took a powerful bullish divergence but after producing more than 170% gains dropped down again at the PRZ level.
Formation of an up channel:
Now on the daily chart the price line of ZEC has formed an up channel. And the price action is moving very well within this channel by hitting the support and the resistance of the channel. But this time I am expecting that the priceline will breakdown the support of this channel. There are different reasons behind that let's talk about them.
ZEC is completing the final leg of bullish BAT pattern:
On the same daily chart the price line is forming a BAT pattern. Sofa all the legs are driven perfectly as required for the bullish BAT pattern, therefore I am expecting that the final leg will be formed as per requirement of the this pattern. At this time the price action is at the support of the channel. But in order to complete the final leg the priceline needs to move more down from $37 up to $35. Its mean that for the completion of this bullish BAT it is mandatory for the support of the channel to be broken down. And after completion of the leg from that level as Fibonacci sequence of the BAT pattern the price action of Zcash is supposed to move up.
Different indicators and oscillators are turned bearish:
Now if we see the different indicators and oscillators on the daily chart like the relative strength index (RSI) , moving average convergence divergence (MACD) and momentum indicator then all indicators are turning bearish. RSI is turned bearish the MACD has turned strong bearish and the momentum is turned weak bullish and soon it will be turned strong bearish. These bearish signals by the indicators will also help the price action to complete the final leg of bullish BAT pattern. But again in order to complete the final leg of BAT the priceline will breakdown the support of the channel.
The simple moving averages:
If we see the simple moving averages on the daily chart with the time period of 25, 50, 100 and 200. Then it can be easily observed that after the strong downside move of Zcash price action in the month of March the price action again turned bullish and broke out the 25, 50 and 200 simple moving averages. But after breaking out all these simple moving averages now the price action is not able to break out the 100 SMA resistance even after several attempts. If we dig it more deeper then we can easily see that the price action has also formed a double top at that 100 simple moving average resistance. this double top formation can produce more bearish rally to the downside. That can break down the 200 SMA as well. And we can have a bounce back from the 50 simple moving average because the simple 50 SMA is at the same level where we have the potential reversal zone of bullish BAT pattern.
The exponential moving averages:
Now I woud like to discuss about the exponential moving averages with the time period of 10 in 21. Then it can be easily observed that since the priceline has crossed up these two exponential moving averages the Zcash is using these moving average as a support, moreover the bullish cross between these exponential moving averages in the month of April produced more upward bullish rally. This time the priceline has broke down the EMA 10 and hitting the exponential moving 21. And the EMA 10 is moving down and likely to form a death cross with the EMA 21 soon. If the price action will break down the EMA 21 then we will witness the more downside move.
Support and resistance levels:
During the downside move in the month of March the price action has hit the strong support of $26. And moved up. After that it has broke out the next resistance level at $35. And after re-testing this resistance level as a support the priceline started another upward move and tried to break out the next resistance level at $49. This is the same level where we have the 100 simple moving average resistance level. And we can observe that at this resistance level the price line is forming the same double top as it has formed on the 100 simple moving average resistance. Therefore we can expect that the priceline may re-test the previous resistance at $35 as support. This is the same level where we have the potential reversal zone of bullish BAT pattern.
Formation of falling wedge pattern:
If we switch to long term weekly chart then it can be easily seen that the priceline of ZEC is moving within a falling wedge pattern. And within this pattern whenever the price action has reachedthe support it has started bullish rally to hit the resistance. But this time after hitting the support I am not expecting that it will reach the resistance. From here it may move down for the correction rally. This is very positive sign that the bollinger bands is above the resistance level therefore it will be easy for the price line to breakout the resistance of the falling wedge. And if we place the volume profile on the complete price action moving within this wedge pattern then we can see that we have a very weak interest of the traders below $35. Therefore if the price line will move down from this level then it will be moved up. Because as per volume profile the traders interest is very low below $35 level and in the past history of the this pattern we can easily witness that whenever the price line is moving down below this level then it moves upto the resistance very easily.
The indicators on weekly chart are not synchronized:
Here I am using the combination of three indicators to observe the bullish and bearish momentum. The stochastic, MACD and momentum indicators. If we take a closer look at the chat then it can be easily observed that whenever the price action of Zcash is hitting at the support of the falling wedge pattern and the bollinger bands support as well. After that the stochastic gives bull cross and MACD turns bullish and the momentum also turns bullish then the price line of ZEC starts a powerful bullish rally that leads the price action to reach the resistance level. But this time this the signals of these indicators are not synchronized. After hitting the support the stochastic has given the bull cross the MACD is very strong bullish but the momentum is continuously ignoring the bullish signals by the stochastic and MACD and turning more and more bearish. Therefore we can expect that soon the MACD will be turned bearish and the stochastic will also give the bear cross and the priceline may re-test the previous support level of $35. Here I am not execting as that much bearish move that the price line may hit the support of the wedge.
A very big bullish Gartley pattern on monthly chart:
Now finally I would like to talk about that very big bullish harmonic Gartley pattern that has been formed by the priceline of Zcash on the monthly chart same is like the Bitcoin has formed. But this is more powerful pattern than Bitcoin. Because in recent bullish move the priceline of Bitcoin has reached the sell zone as I have defined on the Bitcoin chart on the other hand if we watch the Gartley pattern that is formed by the Zcash then it is still moving in the potential reversal or buying zone even after the strong bullish move of more than 170%. So its mean that we can expect more powerful bullish move on the long-term that can lead the price line of ZEC to reach the Fibonacci projection of A toD leg of this Gartey pattern, that I have defined as a sell zone on the chart. It is not mandatory that the priceline will be dropped down after hitting the sell zone. If the Zcash will be able to break out this sell zone area then it can lead the price action to hit the $800 that is previous highest price.
Conclusion:
On the short term I am expecting a downside bearish rally as the bearish pattern are appeared and different indicators have given sell signals. But on the long-term Zcash is bullish as it has formed big bullish pattern.
Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
Sounds like QUEEF, Quantum Uptrend Essential Entry FacilitationAs strong as ZEC fell it will rise through and above expectations with BTC. Brace yourself, no coin holds such a strong position in the top coins while having such a negative ROI '-98.95'. This coin is for those with balls.
ZECUSDIf price goes below the cloud and kenkan sen and chikou span goes below price and cloud.
open a short. Possible head and shoulders forming. Not advice.
ZECUSDZECUSD, ATR average, trading plan. Look for buy and sell options, where indicated. Not advice.
