ZECUSDTZECUSDT broke through strong support and is under sell pressure. Currently the instrument is consolidating and seems like it will retest the broken level around $31 region, which is also the 3rd pivot for declining trendline.
ZECUSDT trade ideas
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.
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.
Time to Buy ZECHello Traders!
Welcome back to another trade with analyst Aadil1000x.
Today we will benefit from this dip and buy it from the reversal level. The first target will be the start of this fall.
ZEC Buy now @ 32.24
Stoploss 31.40(-2.6%)
Target 1, 33.18(+2.82%)
Final Target 34.29(+6.36%)
Don't forget to hit the like button and follow to stay connected.
ZECUSD ❕ reboundZEC rebounded from the lower boundary of the channel.
The asset broke through 50EMA on the 4H Timeframe.
50EMA broke through 200EMA on the 1H Timeframe.
Price will continue to rise after holding support.
ZCash looks terribleBigger flag: BREAK DOWN
Retest of lower boundary of bigger flag: FAILED
Small flag: BREAK DOWN
Retest of lower boundary of smaller flag: FAILED
Will 0.786-0.886 hold aka will it deviate back into range?
If it doesnt: Bottom of channel next logical target
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No financial advice, do your own research, don't be stupid
Zcash : The Bears Can Push The Price Down From 38.90Zcash : The Bears Can Push The Price Down From 38.90
After the price reached our first target in our previous analysis I am looking
at for another selling opportunity on Zcash.
IT can find sellers again near the 38.90 price area.
You may find more details in the video!
Thank you and Good Luck!
Previous Analysis:
Still waiting
Still waiting to buy zcash
Everything is clear on chart I'm waiting for the price to touch that white box which I believe will happen
ZECUSDT:SCALP LONGZEC has Divergence at 2h and possibly can move up .
long:ZEC at 36.6 and close it 36.2
targets:37.4 .37.9
its scalp and has risks
please mange your risks.
ZECUSDTin 2h ,macd and rsi shows Divergence.
if btc holds 28000 for a while ,zec can jump and Touch the demand .
Zcash longZcash bounced off the ascending trendline and bounced off the support level. Bullish movement to resistance level at 43.3 is expected to happen.
Zec trade analysisThe double bottom on H4 and Inverse Head and Shoulders on H1 signals a long.
But market sentiment is not yet clear.
Zcash | The Bears Can Take The Price ControlZcash | The Bears Can Take The Price Control
Zcash broke out from a large "Wedge Pattern"
As I am checking Zcash during all these months it is only releasing liquidity and
it's in a clear bearish trend.
After a small correction, I am expecting Zcash to move down again.
You may find more details in the video!
Thank you and Good Luck!
ZECUSDT is testing the key levelZECUSDT is testing a key resistance level around the $ 38 area. This is an important price point that the market has had difficulty breaking through in the past, and a breakout above this level could signal a potential long position.
According to trading rules, a breakout above a resistance level is a strong indication of a potential long position. Therefore, if the price of ZECUSDT manages to break above the $ 38 resistance level, it could indicate a significant bullish momentum and signal a potential long position.
However, it's important to note that the breakout should be confirmed before taking a long position. This means waiting for the price to not only break above the resistance level but also show sustained bullish momentum.
In summary, the breakout above the$ 38 resistance level is mandatory to apply our rules for a new long position in ZECUSDT, and traders should wait for confirmation before entering a trade.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
ZEC to hunt 50 Weekly Moving AVGI have been monitoring the ZCASH / ZEC for a while, it's lookin so bullish, it's golden opportunity to get long until 70$ with the stop loss of $40
we could see a little pullback before going to 70$
this is definitely a financial advice, manage your risk well. don't forget to put stoploss
#ZEC/USDT - Long - Potential 10.26%Direction: Long
Market: Spot
Risk: 0.25% - 1%
#USDT_ZEC
Exchange: BINANCE
Timeframe: 360
TP1: 43
Entry: 39
STOP: 36.6
Entry Conditions:
| Resistance Break
| FastMA break
| Big volume
$ZEC Bullish wave on the cornerHi Tradingview community.
New Analysis : $ZEC
Bias : Bullish
I'm in a long position on it.
Target :
39.50
42.00
44.00
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*I share my personal Trades Setup, is not a financial advise*
#DYOR Do your own research.
Zecusdt three drive bull activated.In weekly time frame the chart formed reverse three drive the price will go long drive to approach 100 levels.
