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Zcash / TetherUS

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ZECUSDT trade ideas

Zcash Has Positive signsGood Day, Zcash has a lot of positive signs going for it. - MACD had a decent rejection of the Bears - RSI comes from a fairly stable flow around the 50, which indicates potential in the market for upward movement - DMI is crossing on 12HR timeframe - Healthy correction from 16th April high - Steady upward movement - Testing $267 resistance with persistence - If we count the waves Elliot, we just started the second wave in a potential five-wave movement Larger time frame - Strong candle forming on daily - Correlation with BTC has to be factored in for sudden downwards movement. Even dough the market dominance is shifting away from BTC (could indicate different market behavior for bigger altcoins). There is a bunch of other factors that can substantiate a potential different market movement for the future (early days do). - New people to crypto, might find the Threshold for 1 BTC high, which will help the psychological adaption of the trusted ALTS with store of value, payment, anonymous options - MACD crossing bullish - Good volume - Fibonacci levels are good Historical High: very early days $1600 - last boom $800, so decent long-term potential. Fundamentals of the coins are strong enough Chasing the trade can be dangerous, and atm it is breaking, which is never a point to enter(only with exp and caution) None the less I am in, levels to watch and stop/take profit on the chart. Good luck to you all!!
Long
by CryptoDonkie
1
$ZEC/USDT 1D (Binance Futures) Ascending channel trendingZcash is surely up-trending and has shown much recovery power during last weeks. I guess a last leg down could still happen that's why I placed entries there. Let's swing it to a new yearly high then, if you are impatient better avoid that trade! Current Price= 247.15 Buy Entry = 211.72 - 196.80 Take Profit= 264.51 | 351.21 | 467.98 Stop Loss= 169.92 Risk/Reward= 1:1.75 | 1:4.28 | 1:7.68 Expected Profit= +29.50% | +71.94% | +129.11% Possible Loss= -16.81% Fib. Retracement= 0.786 | 1.272 | 1.764 Margin Leverage= 1x Estimated Gain-time= 3 months
Long
by TradingOn
ZEC USDT IdeaZec price moving above all the major ema(s) on 4h tf also, it did a double break out (one from the major trend resistance and one from ascending triangle and retest the top side of it) it's looking very bullish to me and I expect to reach all my target on the chart and also price moving in the ascending channel since the beginning of the year so touch the top side of this channel is very likely also most of the privacy coins pumping nicely so this can pump a lot too
by mahdibland