usAnalysis ZECUSDTHello friends,
Welcome to these analyses about ZECUSDT , we take look at the 1D time frame.
Support points ( 80 )
And
Resistance points ( 170 . 240 . 320 )
Has been specified
The information is provided only for educational purposes, and should not be used to take action in the markets.
Thank you for watching the analysis
Please follow us
ZECUSDT.P trade ideas
Short ZEC Potential bearish tradeToday we have another good opportunity risk reward short entry, for this bearish market.
In this case I am looking at some anomalies(big pumps without a reason inside a bear market) and short them when I believe they are close to top/ATH
Key points:
Type of entry : Short
Take profit level 1 : 135
Take profit level 2: 120
Stops loss : 170
ZECUSDT - Resistance Breakout!ZECUSDT (1D Chart) Technical analysis
ZECUSDT (1D Chart) Currently trading at $140
Buy level: Above $137
Stop loss: Below $103
Target 1: $158
Target 2: $172
Target 3: $190
Target 4: $250
Max Leverage 2x / Spot Market
Always keep Stop loss
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
💡Don't miss the great buy opportunity in ZECUSD @ElectricCoinCo
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (119.0).
. 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 beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 63
Take Profits:
TP1= @ 130.1
TP2= @ 135.1
TP3= @ 143.2
TP4= @ 156.3
TP5= @ 173.8
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in ZECUSD @ElectricCoinCo
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (119.0).
. 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 beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 63
Take Profits:
TP1= @ 130.1
TP2= @ 135.1
TP3= @ 143.2
TP4= @ 156.3
TP5= @ 173.8
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ZEC's price action represents an interesting chart pattern The price of Zcash coin is in recovery phase after testing the 2022 year low several times.
The price action of ZEC is noticing the reversal head and shoulder pattern in context of the daily price chart.
Zcash coin price jumped above the leading span B-$113 of Ichimoku indicator, which has been a strong selling point for the past several days. But the bulls have to close the daily price candle above it. Furthermore, Leading Span A is at the $111-mark.
In terms of the daily price chart, the Stoch RSI is trending down after retesting the overbought zone. At the time of writing, the value of K is 45-points and D is at 46-points (denoting the phase to the side).
The Average Directional Index (ADX) is showing extremely weak bullish momentum for the Zcash coin on the daily price chart.
Investors are expecting a close of the daily price candle above the Ichimoku indicator for a sharp recovery. If the bulls breach the $140-resistance daily, the bears could bring the ZEC price down again
Resistance level- $140 and $175
Support level- $100 and $80
🆓Zcash (ZEC) Mar-04 #ZEC $ZEC
ZEC broke the downtrend and is continuing to move up from this $120 zone. In the near term, ZEC can move towards the $170 zone or even higher after breaking the $170 zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 120$ zone
🔴Buy : 120
🔴Sell : 140 - 170
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 120$ zone
🔵Sell : 120
🔵Buy : 100 - 85
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
ZEC investors are facing trouble between huge consolidation* The Zcash coin price has been consolidating between a wide horizontal range ($140 to $80) for less than 2 months.
* At third attempt, bulls attempt to break the consolidation range; will they succeed or not?
The Zcash investors are hardly trying to break the boundation of horizontal range. If investors fail again, the short-sellers may dump the crypto price below demand zone (green).