ZECUSD trade ideas
ZEC / USD Daily Major factors for bullscenario:
- formation of an uptrend; needs confirmation with a HH
- halving has been successful; lower inflation rate meaning same demand less supply
- Ma's squeezing in a good way: 200MA going upwards above the 50MA, indicating the formation of our uptrend
- Bitcoin in bull run & new investors looking for alternatives will look at largecaps (= ZEC)
ZEC Falling Wedge & Double Bottom Thanksgiving GiftLikely to see some bullish action resume if zcash holds the $65 level. I expect a pretty strong impulse if we do, most likely taking out the recent high.
ZEC Falling Wedge Breakout Soon To Be Decided Big falling wedge pattern in ZEC/USD.
$70 is key support level. Price briefly tested this area recently. Would make a great base for a huge leg up. In order to confirm breakout of the falling wedge we will need a candle body close above the light grey diagonal resistance line. Look for a retest upon break out but sentiment could switch to bulls quickly.
Also we might have a golden cross on the daily candle, after xrp daily candle had a golden cross the following day saw a 50% pump .
Interestingly, a 50% pump would take ZEC to the majorly anticipated resistance around $110.
Most intraday timeframes are in overbought territory in Stoch RSI .
What will ZEC do? (prob 100x in a year like BTC did after its first halving)
Not investment advice.
ZCash in Strong Impulse.I lost the count of the number of fractal patterns at play here now. But they are real, because I have confirmed an impulse. Immediate Fib Targets are 70.6, 71.52, 72.79. Invalidation is of course in red, as usual. Don't forget, none of this, and any of my posts, is ever financial advice. It is important that you educate yourselves, and make your own financial decisions.
ZEC/USD On The Way To $85!All information can be found on the chart. I tried to make it as self-explanatory as possible. In case you still have any questions, free free to leave a comment or send me a personal message.
zec: get zeckedzec some thoughts.
i dont like zec, never really did
dont think anyone does, maybe im in the majority buying this garbage, like when i sold 16k usd the other day wanting pullback.
ZEC broke out of triangleand retested it. I won't be surprised if it dips again, but pretty certain it is not in danger anymore.
Looks like the breakout of BTC from the October triangle.
possible Zcash explosionI see here e replace off support become resistance and the resistance will break again to become support.
The target could be 100!
ZEC....Up or downStill leaning towards retesting $54 before we see it retesting $90+. Largely based on US infection rates fast approaching critical 10% level. It seems likely that we will see a pull back in US equities based on negative short term outlook.
Near Future Buying Opportunity ZcashInfo on chart. Look for support near green box to add to long position.
Not Financial Advice.
ZEC Could Be Entering A New Bull Market just now
As the weekly candle closes for Zcash we edge closer to a decision point. Following a major multi year sell off that was briefly interrupted for a few short rallies ZEC has been forced to a point of decision. It just so happens to align with the reduction in supply in terms of block rewards.
Possible "W" bottom formation followed by a higher low on the weekly chart. This could be the point of the market cycle where the overall sentiment turns more bullish and the same demand (which likely continues growing) as before pushes up price due to reduction in supply.
I will allow the chart to guide my opinion in the coming days and weeks.
Interesting times my friends I wish you all peace and happiness.
Not Investment Advice.
ZEC consolidating under resistancestill in the channel, can be considered bullish. Waiting for breakout.
ZEC/USD Shows Clear Trend Behavior - Explanation How To TradeAll information about this ZEC/USD long trade can be found on the chart. I tried to make it as self-explanatory as possible. Should you have any questions, feel free to drop a comment or send me a personal message.
