ZECUSDC trade ideas
Miss out on Zcash's last pump? It's not too late. ZEC is a buy today after its fall from grace at $120. Think of this as a second chance to get in cheap! This is a massive buy signal on the daily chart.
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ZECUSDC 13% Long in 18-24 hoursFirst post and new to crypto. Tear this up if I'm wrong but the blue line is my entry. I am looking for it to go to at least 96 in the next day for a 13% gain. If the momentum and RSI indicators are pushing it higher, then I will hold until they tell me to stop. Next position up would be 100 or 112. If it dropped to 82 then I would consider the Elliott Impulse Wave (EIW) to be broken. I traced another one there in the past that did pretty well, probably 10%.
Strong uptrend, minor pullback. Buying opportunity at supportIt's very possible we see a wick down to retest support zone at $48 to scare investors.
I'm setting buy orders at this level to buy the dip -- $ZEC below $50 is always a very good opportunity.
Please also watch BTCUSD chart, as this shitcoin still influences bluechip project like Zcash !
Don't think too hard, Zcash uptrend is strong this is a bull market and privacy is HOT topic as of today of mass surveillance.
If we close below support, that would be bad news.
Good luck and keep it simple !
Z CashI closed my Ethereum Classic trade at $8.39 yesterday. I told you in last post to stay out below $8.40, currently sitting at $8.10
Now what do I have my eyes set on.
I'm going to be watching zcash play out in this wedge.
We could see it breakout and form a right shoulder for about 35% gain.
Now I am scouting for my entry.
Almost the same pattern that ethereum classic broke from.
ZECUSD Continuation & Consolidation patternI had to drill down to Hourly chart to see what is going on with Zcash. While the majority of the coins are going up, zcash is on the opposite trend. Zooming in, we are in a bullish setup where 1H is showing descending wedge, which is a bullish consolidation pattern, once this break to the upside, we can see upward of $87.