ZECUSD (ZCASH) - INVERSE HEAD AND SHOULDERS PATTERN ANALYSIS 🔎
- ZECUSD is printing the inverse head and shoulders pattern.
- This is a trend reversal pattern.
- It is a bullish pattern.
BUY ENTRY ⬆️
- Breakout above the neckline resistance.
TARGETS 🎯
- Horizontal resistance levels (R1, R2).
SETUP INVALIDATION ❌
- Breakdown below the right shoulder support level (S1).
ZECUSD
Zcash: Is volume telling us a story?On OBV: "Granville theorized that volume precedes price. OBV rises when volume on up days outpaces volume on down days. OBV falls when volume on down days is stronger. A rising OBV reflects positive volume pressure that can lead to higher prices. Conversely, falling OBV reflects negative volume pressure that can foreshadow lower prices. Granville noted in his research that OBV would often move before price. Expect prices to move higher if OBV is rising while prices are either flat or moving down. Expect prices to move lower if OBV is falling while prices are either flat or moving up."
On cumulative Delta Volume : " In order to understand what this indicator does, first understand what a “delta” is. Simply put, a delta is the difference between buy and sell volumes within a period/candle. The delta can be positive (buy volume is greater than sell volume), negative (buy volume is less than sell volume), or zero (buy volume is equal to sell volume).The Cumulative Volume Delta (CVD) indicator is based on these deltas. It starts from a user specified origin bar and successively cumulate the deltas. If the CVD line is negative sloping that means more sellers are in action as the demand of the asset wanes. This is usually a sell signal and a trader should search for selling signals. Conversely, if the CVD line is positive sloping, it means that there is more demand for the asset."
Concerning Volume at Price (or market profile): "If the concentration of volume is at the bottom, then this is more likely to be buying volume rather than selling volume. Conversely, if the concentration of volume took place at the top of the bar rather than the bottom, then this is more likely to be selling volume. Volume at price reveals the the concentration of buying and selling at various price levels, which in turn gives us an alternative perspective, not only in terms of momentum, but also in terms of support and resistance. What can we deduce from this analysis? First we can see immediately which of these areas are likely to be significant in the future in terms of resistance and support.
"The preparation of an important move in the market takes considerable time. A large operator or investor acting singly cannot often, in a single day's session, buy 25,000 to 100,000 shares of stock without pushing the price up too much. Instead, he takes days, weeks or month in which to accumulate his line" - Richard Wyckoff
The current Zcash narrative is "the coin that never pumps". But with a very large POC/Value area at historically low price levels, OBV / CVD / volume on the rise-- I believe some large players have been accumulating very slowly and will soon start the mark up phase. Can it test lows again? Sure. If you want to be safe, wait for the breakout above massive VAP platform it's made ($112 would be considered a breakout). I think this coin has a potential to 5x at a minimum. 1 zec=7 btc
ZECUSDT - Symmetrical triangle Analysis 🔎: ZENUSDT is consolidating in a symmetrical triangle pattern.
Breakout is imminent.
Bullish ⬆️: breakout above the symmetrical triangle's inclined resistance.
Bearish ⬇️: breakdown below the symmetrical triangle's inclined support.
Possible breakout price actions are indicated by the arrows on the chart.
Targets 🎯: Bullish ⬆️ - horizontal resistance levels (R1, R2).
Bearish ⬇️ - horizontal support levels (S1, S2), fibonacci extension levels.
ZEC in a beautiful canalZec is in a very beautiful canal which is very clear. There we are in a triangle or we must wait if it comes out from the bottom or the top.
If it comes out the bottom then TP: $ 75
If it is from the top:
TP: $ 127
And if we break the canal from the top, it's: $152
If you like and want a update please give me : a thumbs up ;)
Good trade for all !
ZCASH Bull Flag Formation can take us higher.ZCASH has been forming a bull flag pattern over the last couple of days and could take us another leg up. $ZEC as a whole looks bullish as its been in accumulation for 2 years and is looking to break out. If you'd like to see the 2 year chart I made some analysis on that on my previous post. Thanks.
ZEC testing important levels and indicators on it's way to $150As you can see on this weekly log chart you can see ZEC has broken above the Ichimoku Cloud with some strong volume. On the Fibonacci retracement indicator you can see ZEC is now testing the 1.618 level @ $111.75
The red horizontal lines are major support or resistance for ZEC.
On the LMACD you can see it is above 0 and has a nice bullish divergence to it since around March 2019.
You can see ZEC has now moved above all EMA's and MA's and should form the 'ribbon' type look I have spoken about in other analysis on BTC. The small light blue line at around $134.00 is the MA 200 and ZEC would need to firstly conquer the 1.618 fib level we are testing currently then break above the MA 200 and the major resistance level at $150 if ZEC is to go parabolic. I think the $150 will be the target for now and re assess if ZEC gets above this.
On the RSI you can see the major resistance level shown by the red horizontal line. Each time ZEC has hit this line it has dumped considerably. This could line up perfectly with the rise to $150.
On this monthly chart below you can see ZEC is now testing the EMA 34 (in pink) and the EMA 10 (in blue) is about to cross over the MA 21 (in orange).
ZEC needs to close above the current fib level to make it's move to $150. If ZEC gets rejected here I expect it to re test the $100 area. On the daily chart ZEC has already closed once above this 1.618 fib level and I require it to close twice to usually confirm the move.
Happy trading legends!
HTBB
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ZCASH inverse head and shoulders pattern.ZCASH is smiling at you which is a great sign. It has been forming an inverse head and shoulders pattern for the last couple of years and its ready to pop. While the market is irrational and could take us another leg down, zcash has been in a solid accumulation zone for much too long now. Once it goes it will go fast, probably exceeding the price target. Good luck!
ZEC 12h "Feast at a time of plague" Growth and delistingThe previous ZECUSDT idea clearly worked out towards the target of $50.
However, the clouds over the coin never cease to gather, because on 1 January 2021, Bittrex claimed that it will remove the anonymous coins Monero (XMR), ZCash and Dash on Friday, 15 January at 23:00 UTC. Then the value of all coins sharply fell, but ZECUSD did not update the low , it was the first bell that there might be growth.
The same thing happened the other day in the DASHUSDT pair. The day before the growth start, we warned with the idea that you can quickly earn +60%, whoever wanted and believed - became richer in a matter of days)
It looks like ZECUSD is being artificially pushed upwards to sell it expensively before delisting.
The upper target of this growth is $125, it is better to say goodbye to the ZEC before this level and look around. Will delisting of anonymous coins be Bittrex's sole campaign or other exchanges will support the negative.
A break above $125 will quickly push the price up to $150, but a correction to the range of $80 is more likely.
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TOP 11-20 Altcoin Buying Areas! 3.0Hi,
TOP5 became TOP20...let's continue...
11) XTZ/USD (7 votes)
12) ZEC/USD (7 votes)
13) VET/USD (6votes)
14) UNI/USD (6 votes)
15) XMR/USD (6 votes)
16) OMG/USD (6 votes)
17) NEO/USD (5 votes)
18) THETA/USD (5 votes)
19) DASH/USD (4 votes)
20) YFI/USD (4 votes, the last and the hardest)
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Regards,
Vaido
Here you can find TOP 10:
Offshore to the top floor - ZECDear traders,
Intro: My name is Hugo, I am 24 years old and trading crypto currencies since late 2017. English is not my main language, however, I will try to explain everything brief and clear. Be aware that I am still in the learning curve. Every idea I post is not financial advice and is only meant for entertainment purposes only.
Analysis: Zcash's volume profile (VPVR) is at the bottom, which might indicate more buying volume than selling volume. Beautiful patterns recurring as pointed out on the chart and fundamentals are, in my opinion, really good. Big players (Grayscale & Gemini) do not seem to care about Bittrex delisting the coin (Tweets of Barry Silbert and Tyler Winklevoss, respectively). Been accumulating this coin for a long time now... Hope it will take off. This is my short-term target, for long-term targets check out Path's chart ;).
Conclusion: Up only, buy.
Goodluck,
Doctor Hugo