ZECPERP trade ideas
ZEC Near 16% Gains on SaturdayZcash (ZEC) was trading by over 16% higher as of writing this, as prices rose to their highest level in over three months.
After trading at a low of $748.86 yesterday, today’s high of $777.63 saw ZEC/USD break past its long-term ceiling of $772.20 in the process.
Saturday’s peak is the highest point that the price of ZEC has traded since December 9, and comes as price strength appears to be overbought.
ZEC ZCash Bullish divergence + 1st Higher Low on DailyWeekly: After an extreme drop, price went below -1 ATR, but by the looks of it, it seems it is about to close above 1 ATR level. If so, it will become a nice setup on the weekly, which I will provide a setup for, when that sets up. The impulse is still red, but when I peek at the setup of 3 days, I see it's blue already, and with crypto I cheet with this factor sometimes as it is so volatile.
I expect this to close above 100$ support. sRSI is maximum oversold and EFI is ticking up
On the daily we have a nice bullish divergence, and a higher low, which shows a rejection candle, and from there it ticks up. The bullish divergence is on both MACD-H and EFI. sRSI is already rising up and nog overbought. I expect prices to reach between the slow EMA and 1 ATR level.
stop 88,21
entry 98,5
TP 1 111,35
TP 2 115,84
I phase out in parts, therefore I set 2 target profits. But I prefert TP2 here, as this is only on 0.5 ATR, but I have to check the background of the crypto market, as we're in a bear market currently, I am therefore conservative.
PS
The arrow should point to that wick, after the bullish div, but Tradingview morphed the graph somewhat
Trade 2022#002
ZEC Breakout Confirmation NeededZcash has realized a bullish reversal this week as the markets absorbed inflation reporting, the EU parliament excluded language restricting Proof-of-Work from MiCA, and the Federal Reserve clearly conveyed no substantive change to monetary policy in the immediate future.
Bullish price action likely to continue if ZEC confirms a breakout from the descending triangle with a daily close above the trendline, idealing realizing $170 support with a clean bounce.
Broader markets appear poised to enjoy bullish sentiment for next few months given midterm elections this fall.
Significant risk of further inflationary pressure resulting in a monetary policy reversal cannot be ignored.
Closely watch CPI & PPI in the coming months as these likely will see further sharp increases that will ultimately result in Central Banks reversing course.
$ZEC Volatility Trend = Sub $90 TargetCharting from Daily to 3-Day charts reflect head & shoulders pattern forming with the left shoulder and head formed. Given price action trends with wild swings up and down, Zcash will either retrace fully to sub $90 or probable right should forms before final retracement.
Once retrace by >70%, historical $ZEC price realizes bullish reversals.
Continuing to see lower highs since 2018, to include May & Nov 2021.
$ZEC has volatile price movements... recently:
1. +116% late Nov 2021
2. -73% from local Nov 2021 high culminating on Jan 24, 2022
3. +89% Feb 24, through Mar 10, 2022
Further downside pressure is likely given the broader macro-environment with inflation spiking, bond yields climbing, and the Federal Reserve meeting on 3/16 with expected rate hikes followed by tightening monetary policy and scaling out of quantitative easing.
ZEC Sub $90 Limit Orders? ZCash large triangle May 2021 local high with breakout in August to reach lower high in Nov forming a smaller triangle.
Higher time frame shows massive double top with lower high in Nov 2021 than May 2021.
6 hour chart shows price action forming a head & shoulders pattern with Price target sub $90 before potentially recovering above $130.
ZEC Most Important Resistance!When looking at ZEC on the daily TF we can see that is currently trading right below one of the strongest support resistance zones that have been established for this project. Privacy coins are becoming more favorable these days with a lot of centralization happening in the crypto space with companies we thought were for the people and decentralization. This key resistance level needs to be broken through decisively. ZEC also needs to show strength by trading in the new range shown above its current resistance. If that second line is broken through and ZEC can trade strongly above those levels another run to the previous highs is looking more possible. It's a strong OG project that's not going anywhere anytime soon.
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
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This is not financial advice. This is for educational purposes only.
A potential weekly chart double bottom on zecusd forming as wellThis weekly chart double bottom is much more massive and currently far more speculative than the 1 day chart double bottom I posted an idea about just before this idea. However I felt it worth mentioning as it would be fun to see this actually unfold then come back to this idea later to click play on the chart and see the pattern play out from its second bottom. If this one were to play out, then ZECUSD’s target would be $520. Of course again, this one is much more speculative at this point, but still worth keeping an eye on. *Not financial advice*
Zcash (ZEC) - March 9Hello?
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(ZECUSD 1W Chart)
If the price holds above the 130.82 point, it is expected to turn into an uptrend.
However, since the volume profile section is formed over the section 162.04-301.37, it is expected that the upward trend will accelerate when it is out of this section.
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(ZECBTC 1W chart)
Above the 0.005954 point: Expect to create a new wave.
As it appears that the Bollinger Bands have entered the final convergence phase, we expect movement outside the range of 0.002058-0.004650 in the near future.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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ONE MORE DIP BE4 THE BULL IS BACK Crypto is like a mechanical bull throwing you every which way to get you to sell and quit. I believe we have one more panic attack across crypto before we hop into the next bullish level of this game. I expect btc currently 43k, I expect it to come down under 40k and the alts to bleed a bit more. We will see panic and doom and gloom again and then the true reversal will present itself.
ZCASH LONG TERM TREND LINE ANALYSIS This yellow line has been very significant since 2017. For the most part, overtaking this yellow line leads to bullish action with exception to that fake out and capitulation we saw from the March 2020 Covid dump. In the green box we see where this line has acted like significant support and the red boxes display it acting as resistance. The last dump dumped us under the yellow line with no bounce, acknowledgement, or F's given about that line. We have seen a kind of weak bounce and have faced one rejection from that line since the dump. I personally think we have another dump ahead, especially with the pending crypto regulation coming from our well respected Statesman and Commander and Chief, Joseph Robinette Brandon Jr. Before every major move up in the market we first see a flash capitulation dump. If we see another leg down I will expect significant selling to come in and maybe then we will see the bounce. I suppose my bearish bias is bullish sign given how treacherous the marker has been. If we break the yellow line expect what looks like a bull trap then turn into a beartrap on a retest of that yellow line.
What are your thoughts?
Zcash versus Dollars on the Pononiex Crypto Altcoin ExchangeSupply side will dry up when the Electric Coin Company confirms the conversion to Proof of Stake
Proof of Work miners will be triggered into Holding their coins in order to claim stakes in the future, rather than liquidating them on the market
Zcash will also roll-out an upgrade to Have Transaction Privacy by Default, transparency as an opt-in feature
Lastly the Breakthrough protocol upgrade to RZKSNARKS - Recursive Zero-Knowledge Succinct Non-Interactive Argument(s) of Knowledge
3,550 new zcash emitted daily, inflation by % is 11, inflated global 24-hour volume remains near 250-400 million dollars
the current circulating supply is 11.7 million ZEC, by the end of the year it will be 12 million
Price Target is $990 to $1770 within 90 days
