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ZECUSDT trade ideas

ZECUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: market and lower Targets: 40 - 50 - 60 after first target reached move ur stop to breakeven Stop: (depending of ur risk). ALWAYS follow ur RM . risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
Long
by trytofeelpositive
2
ZECUSDTZECUSDT: Channel trading Price fixes below high volumes Most likely, for some time the price will be traded in the channel, it is not worth buying in the middle of the channel. Support about 39-26 If the $26 support is not triggered by the end of the bear market, the price will be looking for a new bottom. -------------------------------------------------------------------------------------------------------------- ✅If you like the idea, don't forget to subscribe and rate like👍
by Andrey_Crypto
A Corrective Phase May EnsueIn light of potential obstacles hindering ZEC's ongoing upward movement, a corrective phase may ensue, leading to a potential decline towards the support level of $32. Conversely, should buying pressure persist and successfully overcome forthcoming resistance, it is reasonable to anticipate further price appreciation towards the resistance range of $38 to $40. Additionally, the breach of the currency's downward trend line serves as a positive indicator, implying potential price growth. Therefore, in the event of a pullback, accompanied by a subsequent reaction, the probability of significant short-term currency growth towards the aforementioned resistance level is considerably high. Furthermore, the Relative Strength Index (RSI) is currently at a level of 49. The RSI is a technical indicator used to assess the strength and momentum of an asset's price movements. A reading of 49 indicates a relatively neutral stance, suggesting that the current market conditions do not strongly favor either buyers or sellers.
by MonoCoinSignal
1
Navigating the DowntrendThe analysis reveals that ZEC is currently trading within a downtrend channel on the daily timeframe. Market strength is yet to materialize, indicating a lack of upward momentum. The resistance level to overcome is situated at $37.4, and a successful breach of this barrier would propel ZEC towards the $42-$43 resistance zone. Conversely, a break below the critical support level of $30 would trigger substantial selling pressure. In conjunction with these observations, the Relative Strength Index (RSI) stands at 47, indicating a neutral position. This implies a balanced equilibrium between buying and selling pressures, suggesting a lack of extreme bullish or bearish signals for ZEC. Traders and investors should closely monitor the RSI for any notable shifts that could potentially indicate a change in market sentiment.
by MonoCoinSignal
8