ZECUSD trade ideas
Zcash Zcash target range posted in chart, break out from resistance should have a nice run up by 2023
Z Cash officially in Wave 3. ZECUSDOh Yes! The fun is just getting started. That was quite a large Wave 1 (compared to top ten cryptos), and it looks like there is plenty more to give. First initial Fib Goal charted in. Obviously if we retrace lower than SubWave 1 start, then all bets are off, but this is somewhat unlikely at this stage. Strap yourselves in and NFA.
Short Term trade idea for ZECThis is a LONG idea as ZEC gets closer to the date of the halving on Nov17. If price retraces to the 63 level, looking to enter then exit prior to the halving date for a small gain.
This is what would happen if ant man infiltrated the crpyto markA meme drawing of something that might or might not happen.
ZCash We had tested the support line and there was formed a rising channel with the falling wedge inside.
Target - the middle line of this channel and more.
Fundamental analysis:
17 November 2020 (or earlier)
Halving
ZEC may be in troubleFalse breakout of from key level, false breakout from inverse head and shoulders (not yet invalidated). Remains to be seen if it bounces of the channel support otherwise a breakdown from the channel will send price to 31.9
Zcash aiming $125 by early DecemberContext: ~31 days until Zcash's first halving
Since April 12th we've entered an ascending channel with consistent higher lows and higher highs. We've yet to revisit this year's $100 high set during early August, but instead, have seen action mainly concentrated between the $50-$75 range. There seems to be strong support at $50, but even stronger at $44.
Possible Short-Term Scenario: We can touch the established bottom trendline of the ascending channel (around $55) followed by a bounce towards the $125 range in about a month's time.
Possible Long-Term Scenario: Extremely bullish with Zcash. We revisit January 2018's ATH by the next year 2021. Zcash has the potential to peak out at $3,737 during the final phase of this upcoming bull run, maybe January 2022 or January 2023.
I'd be damned if I'd forget ZCash. ZECUSDIndeed! This one in particular brought me quite a few returns. Bullish, bullish, bullish. But too early to pose Fib targets.
What is Zcash (ZEC)? The private digital currency!!!1. Zcash is a privacy-protecting, digital currency built on strong science.
2. Zcash is the future of money, but a type of private money decentralized.
3. Zcash is one of the cryptocurrency with implementation of the strong privacy features.
4. Zcash was developer and launched by top crytographers in 2016. This proyect has the best research that has been created by research universities:
Massachussets Institute of Technology
Technion
John Hopkins
Tel Aviv Universitie
University of California at Berkerley Main Campus
***That universities are the prestigious on the top ranking world universities, there's universities on USA, French and Germany, that I identiy in it.
5. The key features what Zcash did make a private digital money it's:
a) Efficient and Usable
b) Audit-and regulation-friendly
c) It's decentralized and attack-resistant
d) Private addresses & transactions
6. Why Zcash make the privacy as an important component for our society?
The principal component what Zcash make this cryptocurrency is for ensuring freedom on the internet
That mean when your transations are being watched or when your transactio history is avaible to be known, any people isn't
free to make their own decision
7. The most important on Zcash is the limited monetary supply, there will be 21 million Zcash assets on the market capitulation.
My Personal Opinion:
I true on this cryptocurrency based in what kind of money is Zcash, it's a good solution as Bitcoin do, it's a money solution and save our value of our money. Zcash has the same component of what Bitcoin have. The most part that I like this proyect is about the limited monetary supply, there will be 21 million Zcash assets on the market cap, and that mean would have that demand going to growing up throughout of the time. Also, as this crypto have a strong cryptographers of ones of the best universities on the world, the Zcash team it's set up of all king of engineers and good reputation of they gave the ecosystem Zcash. That is another point, the quality, the kind of team what Zcash have, So, in summary, I like this proyect about the limited monetary supply, the kind of team what Zcash have and the one of the cryptocurrency that offer for us a good solution to save our money from here to the future as a private money digital, and as Bitcoin, Zcash i'ts one of the future digital money, but private and built on strong science and research of top universities.
I believe that there's not just exist Bitcoin as money of the future, Zcash as a good solution for the private digital money of the future!!!
For more resource, if you want to learn about Zcash, please visit the links below:
1. Zcash Website: z.cash
2. Zcash introduction video: youtu.be
ZECUSD - Sell set up - EW analysisWelcome guys,
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ZECUSD - It has completed in choppy up trend, where it completed one down cycle as impulse wave A and correcting in wave B. Dump it down near 73- 73.80 zone, with stops above 76.15 for target below 66 or lower. This is simple ABC correction trade set up. Keep the eye on B wave price movement, which should be choppy (not sharp up) for the trade to unfold in favor.
Give thumbs up if you really like the trade idea.
ZEC Adam and Eve double bottomand currently forming the handle, of a cup and handle pattern. Target if breakout at $85
ZECUSD is getting bounced from the strongest support lineHey, friends hope you are well and welcome the new update on Zcash (ZEC) coin.
By the grace of Allah the most high my previous idea has been executed exactly as per defined targets:
Now on the weekly chart the priceline is having very nice bounce from 25 and 100 simple moving averages moreover the 25 SMA also has formed bull cross with 100 simple moving average. The 200 SMA is at $135 that can work as strong resistance as well.
On daily chart the priceline is moving in down channel since 1st Aug 2020. Now finally the priceline is closed above exponential moving averages with the time period of 10 and 21. The EMA 10 and 21 also have formed bull cross that can lead the priceline of Zcash to breakout the resistance of this down channel as well.
Volume profile of complete channel showing no interest of traders below $51 and very less interest above $80. Therefore a movement upto $80 is confirmed and there will be less chances to break down the support.
As we have seen earlier that the priceline of ZEC is getting bounced from the 25 and 100 SMAs on the weekly chart and also closed above the EMAs 10 and 21 on daily chart and likely to break out the resistance of the down channel as well. In the meanwhile, it has also formed the most significant bullish move and that move is the price action has reached the support. And this is the most strongest support since Nov 2019. We can observe that after reaching at this support the priceline 1st rallied 186% then 209%. At this time we can again expect another powerful bullish move again.
Conclusion:
Even though the priceline is having a very nice bounce from the long term support on weekly chart, however, we should use this support as stop-loss as well. If the next bullish rally will be started from here (as it seems to be) then a move up to 200 SMA can be expected that is at $135 at the time of writing.
