ZEC global channel in 900% incrementsOn the chart, 1 week TF:
29.7 is the global minimum.
299.1 is the global maximum.
82.8 - mirror level. the upper limit of the last corrective channel, it was from this level that the lows on the downtrend were updated.
50.0 is the mirror level. The lower limit of the correction channel. Channel step 64%.
36.9 - stop level of the downward movement. This level is a support for the channel in which it is flat with a step of 34.34%.
Pay attention - the chart shows two global trendlines! The green club is forming a global uptrend. Red is forming a global downtrend! Here it is important to understand that on the chart there is a global accumulation channel with a step of 900%. Local descending club breakout - a falling wedge is also visible on the chart, the tip of which falls on 04/10/2023. However, I do not rule out the possibility of the formation of a wider accumulation channel - an accumulation phase with local uptrends and locally downtrends.
ZECUSDT trade ideas
ZECUSDT | BULLISH PARALLEL CHANNELZECUSDT on higher time frame has been trading in a long bullish channel. The price got a hit from upper boundary of channel and now trading with in channel.The bulls need to break above the channel and can ht the upper boundary of channel.
Manage your trades accordingly.
There is still no strong demandFor the trend to be bullish, strong bullish candles need to be closed above the $50 resistance zone, to expect further price increases. As long as the specified support level in the range of 41-42 dollars is maintained, we can expect that the direction of the price exit from the range channel will be from above. But in case of selling pressure and price reduction, the first level of support and target for sellers will be in the range of 38-39 dollars.
ZECUSDT 4HZECUSDT 4H
ZEC needs to breach 48.8 to break this accumulating triangle figure, it has now crossed the median of the Keltner channel and the cloudiness of the Ichimoku Cloud and is about to find its resistance at MM200 at 45.6. The RSI has exhausted its buying forces, and the ZEc could pull back to 41.8. The prognosis is good, since this privacy coin, from the top (on May 10, 2021) until today, corrected -88%, i.e. it is super undervalued.
Here are the supports and resistances in the 4H:
Main support levels: 41.8 / 39.7
Main Resistance Levels: 46.7 / 48.8
RSI: Exhaustion of Buying Forces.
MM200: In the region of 45.6
Zec . There is every chance of growth📈Hi guys , my next idea . If you like what I do, please like it👍 in advance.
On the 1D timeframe, a Double Bottom pattern was formed, there was a false breakdown of the neck, but the strength of the buyer was not enough for further growth, now the price is forming a downtrending channel with strong volatility. The bulls are trying to take over the situation again, but so far without success. I will wait for a breakdown of the upper boundary of the channel, as well as a breakdown of the neck and fixing the price. Also we should remember that with such volatility in the channel, there might be an impulse, and then we might lose our position. ☝️
ZEC - looking for long positionHi guys, hope you are doing fine. Of course besides shorting there are some ALTS that still can grow very much. ZEC is probably one of them. To keep you updated I still didnt oppened long here because I belive BTC will fall more. I want to just hunt ZEC for long. Lets see if it will happen. When it will happen I will update this chart. Regards!
ZECUSDT | RESPECTING SUPPORTZCASH has been trading in bullish trend on lower time frame.
The price has been holding an important rising support.
Now the price has approached to the rising trend line .
The 0.50 fib level also confluence with the rising support.
The bulls need to hold this support and so can show a strength at this level.
Manage your levels accordingly.
ZEC USDT | Full trade setup!!#ZEC/USDT
🟢Entry price: 47.6 - 44
🎯Targets:
|> 51.3 (Sell 40%)
|> 53.1 (Sell 30%)
|> 58.8 (Sell 20%)
|> 63.8 (Sell 10%)
🔴Stop-loss: 39.4 (1D candle Close under it)
➡️Recommended risk: 0.25%
➡️Recommended Position Size : 2.5%
please note that due to the current market situation this trade signal is considered risky, so we must stick together to the stop lose and risk management strategy and not to gamble with our money.
stay safe and trade safe
thank you!
✴️ Zcash Breaks Out Of Downtrend (Over 145% Potential)This is a nice chart because the signals are solid/strong.
We have a descending channel that has been broken.
The last candle closed as an inverted hammer.
This week, ZECUSDT moved below EMA10 just to recover back above this level and is now flashing green.
The RSI is strong above 30 on the weekly timeframe, the current reading sits at 41.
Zcash is one of the most famous cryptocurrency projects and a privacy altcoin.
Must have for crypto-enthusiast.
Enjoy the chart.
Wishing you profits, health, wealth and success.
You deserve the best this life has to offer... Now and always!
Namaste.
ZECUSDT | POSSIBLE RETESTZECUSDT has broken above the falling trend line. The price has alas printed inverse head and shoulder. The price broke above the neckline.
Now price has retesting the same breakout neckline.
One can long to keep the stop loss below the neckline.
Manage your trades accordingly.
ZEC - Wait For The Bulls! 🏹Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
ZEC has been overall bearish trading inside the red wedge pattern and it lately rejected a weekly support zone 35 - 40
The bulls are clearly pushing as price make a higher low.
🏹For the bulls to take over, thus have a shift in momentum from bearish to bullish , we need a break above the last major high in blue.
The blue zone is also a resistance zone and round number 50.0
Meanwhile, until the buy is activated, ZEC would be overall bearish and can still trade lower inside the weekly support. In this case, as price approaches the 35-40 again we will be looking for short-term buy setups.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
