ZECUSD
ZCASH ($ZEC): Making that Cash With Zcash.✨ Drop a comment asking for an update, we do NEW setups every day! ✨
Like, Comment & Follow to help the community grow 🎉🎉
---
Zcash has historically struggled to retain an uptrend, but with some recent bullish news on transactions and bringing privacy features to Cosmos, and with crypto showing strength all around, we are willing to bet on ZEC here. Let's take advantage of the short term uptrend and look for a long setup.
Resource: cointelegraph.com + decrypt.co
---
1. Fractal Trend has been showing an uptrend (Aqua bar color) on the 4 hour timeframe as ZEC tries to push up past some local resistance.
2. With this strategy, we are looking for long setups in a uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua line color) and/or bullish S/R levels plotted by Directional Bias (Aqua line color).
3. Right now we are looking for a long entry off of S1 with a target of R2. The logic here is that we have been consolidating under R1, so if we finally break R1 then R2 is a logical target.
4. We will exit the position if our stop loss is hit or if Fractal Trend changes color, otherwise we will be waiting for that S1 entry.
5. If we do go lower, we have also mapped out some notable levels to look for support at S2 and S3, although we don't have any specific plans for these levels yet.
Good luck friends!
ZEC/USDT (Bearish New Resistance?)ZEC/USDT
-testing old support as new resistance zone
-if we can break above this resist level
-we can open Long position and target swing top
-bearish scenario if 42s level breaks down
-we will revisit the 39-38s area of support again
-technically, we are on a 4H downtrend
-but like I said before, regaining above 43.7
-will bring hope for the bulls
This Bullish Gartley Pattern Can Lead Zcash To $800Hi friends hope you are well and welcome to the new update on Zcash. 1st of all I would like to share a recap of my previous chart with you that I have shared back in Oct 2019. That the Zcash had formed a bullish Crab pattern on two day chart and I was expecting after taking the bullish divergence from the potential reversal zone of this pattern the Zcash will produce a long term bullish rally. But as per prediction the priceline took a powerful bullish divergence but after producing more than 170% gains dropped down again at the PRZ level.
Formation of an up channel:
Now on the daily chart the price line of ZEC has formed an up channel. And the price action is moving very well within this channel by hitting the support and the resistance of the channel. But this time I am expecting that the priceline will breakdown the support of this channel. There are different reasons behind that let's talk about them.
ZEC is completing the final leg of bullish BAT pattern:
On the same daily chart the price line is forming a BAT pattern. Sofa all the legs are driven perfectly as required for the bullish BAT pattern, therefore I am expecting that the final leg will be formed as per requirement of the this pattern. At this time the price action is at the support of the channel. But in order to complete the final leg the priceline needs to move more down from $37 up to $35. Its mean that for the completion of this bullish BAT it is mandatory for the support of the channel to be broken down. And after completion of the leg from that level as Fibonacci sequence of the BAT pattern the price action of Zcash is supposed to move up.
Different indicators and oscillators are turned bearish:
Now if we see the different indicators and oscillators on the daily chart like the relative strength index (RSI) , moving average convergence divergence (MACD) and momentum indicator then all indicators are turning bearish. RSI is turned bearish the MACD has turned strong bearish and the momentum is turned weak bullish and soon it will be turned strong bearish. These bearish signals by the indicators will also help the price action to complete the final leg of bullish BAT pattern. But again in order to complete the final leg of BAT the priceline will breakdown the support of the channel.
The simple moving averages:
If we see the simple moving averages on the daily chart with the time period of 25, 50, 100 and 200. Then it can be easily observed that after the strong downside move of Zcash price action in the month of March the price action again turned bullish and broke out the 25, 50 and 200 simple moving averages. But after breaking out all these simple moving averages now the price action is not able to break out the 100 SMA resistance even after several attempts. If we dig it more deeper then we can easily see that the price action has also formed a double top at that 100 simple moving average resistance. this double top formation can produce more bearish rally to the downside. That can break down the 200 SMA as well. And we can have a bounce back from the 50 simple moving average because the simple 50 SMA is at the same level where we have the potential reversal zone of bullish BAT pattern.
The exponential moving averages:
Now I woud like to discuss about the exponential moving averages with the time period of 10 in 21. Then it can be easily observed that since the priceline has crossed up these two exponential moving averages the Zcash is using these moving average as a support, moreover the bullish cross between these exponential moving averages in the month of April produced more upward bullish rally. This time the priceline has broke down the EMA 10 and hitting the exponential moving 21. And the EMA 10 is moving down and likely to form a death cross with the EMA 21 soon. If the price action will break down the EMA 21 then we will witness the more downside move.
Support and resistance levels:
During the downside move in the month of March the price action has hit the strong support of $26. And moved up. After that it has broke out the next resistance level at $35. And after re-testing this resistance level as a support the priceline started another upward move and tried to break out the next resistance level at $49. This is the same level where we have the 100 simple moving average resistance level. And we can observe that at this resistance level the price line is forming the same double top as it has formed on the 100 simple moving average resistance. Therefore we can expect that the priceline may re-test the previous resistance at $35 as support. This is the same level where we have the potential reversal zone of bullish BAT pattern.
Formation of falling wedge pattern:
If we switch to long term weekly chart then it can be easily seen that the priceline of ZEC is moving within a falling wedge pattern. And within this pattern whenever the price action has reachedthe support it has started bullish rally to hit the resistance. But this time after hitting the support I am not expecting that it will reach the resistance. From here it may move down for the correction rally. This is very positive sign that the bollinger bands is above the resistance level therefore it will be easy for the price line to breakout the resistance of the falling wedge. And if we place the volume profile on the complete price action moving within this wedge pattern then we can see that we have a very weak interest of the traders below $35. Therefore if the price line will move down from this level then it will be moved up. Because as per volume profile the traders interest is very low below $35 level and in the past history of the this pattern we can easily witness that whenever the price line is moving down below this level then it moves upto the resistance very easily.
The indicators on weekly chart are not synchronized:
Here I am using the combination of three indicators to observe the bullish and bearish momentum. The stochastic, MACD and momentum indicators. If we take a closer look at the chat then it can be easily observed that whenever the price action of Zcash is hitting at the support of the falling wedge pattern and the bollinger bands support as well. After that the stochastic gives bull cross and MACD turns bullish and the momentum also turns bullish then the price line of ZEC starts a powerful bullish rally that leads the price action to reach the resistance level. But this time this the signals of these indicators are not synchronized. After hitting the support the stochastic has given the bull cross the MACD is very strong bullish but the momentum is continuously ignoring the bullish signals by the stochastic and MACD and turning more and more bearish. Therefore we can expect that soon the MACD will be turned bearish and the stochastic will also give the bear cross and the priceline may re-test the previous support level of $35. Here I am not execting as that much bearish move that the price line may hit the support of the wedge.
A very big bullish Gartley pattern on monthly chart:
Now finally I would like to talk about that very big bullish harmonic Gartley pattern that has been formed by the priceline of Zcash on the monthly chart same is like the Bitcoin has formed. But this is more powerful pattern than Bitcoin. Because in recent bullish move the priceline of Bitcoin has reached the sell zone as I have defined on the Bitcoin chart on the other hand if we watch the Gartley pattern that is formed by the Zcash then it is still moving in the potential reversal or buying zone even after the strong bullish move of more than 170%. So its mean that we can expect more powerful bullish move on the long-term that can lead the price line of ZEC to reach the Fibonacci projection of A toD leg of this Gartey pattern, that I have defined as a sell zone on the chart. It is not mandatory that the priceline will be dropped down after hitting the sell zone. If the Zcash will be able to break out this sell zone area then it can lead the price action to hit the $800 that is previous highest price.
Conclusion:
On the short term I am expecting a downside bearish rally as the bearish pattern are appeared and different indicators have given sell signals. But on the long-term Zcash is bullish as it has formed big bullish pattern.
Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
It's Tight!!!! (ZEC)Support & Resistance all playing a major role on the weekly pair to btc.
Monthly Squeezing hard.
ZCash is a cryptocurrency with a decentralized blockchain that seeks to provide anonymity for its users and their transactions. ZCash increases user privacy by using zero-knowledge proofs (zk-SNARKs) to validate transactions without revealing information that could compromise a user's privacy.
The universe works in mysterious ways... ZECI believe ZEC will moon at some point in the next 24 months.
The high launch price has been anchored into global consciousness.
Privacy is a bigger and bigger value added for e-cash. People are increasingly caring about it.
Low fix supply. Faster than BTC.
Strong dev team. Consistant innovation in security.
Great community. It also has quite a lot of attention from crypto Wall Street.
I see something big happening for this project.
What do you think?
The upward trend of anonymous zcashAs an anonymous coin, it has always been a mixed blessing. Because of anonymity, it is easier to be favored by the dark web, but that is why regulators abhor it. Zech has been flat since it went public. Listing in bitfinex in 2017, adding a brief $2,500, then went all the way to become the leader in zeroing, and one of the top 10 major impairments of 2017. Until there is still 1% left, catch up with the 2108 ico explosion, at one point rebounded from $30 to $800, a full 30-fold increase, is also a model of big ups and downs. But then it continued to bounce back from a sluggish trend, plunging to a record low of $19 at one point in March.
It has now doubled its gain to $44 after a rally. Recently the trend is relatively strong, some say is half the bull market. I think if the half-way bull in Bitcoin had been faked, the others would have been not to mention. Even anonymous currency, you belong to the encrypted digital currency, it is difficult to break through the larger class of encrypted digital currency.
Fundamentals aside, because that's not my specialty, but I'm convinced that charts are all-encompassing.
The price now forms a rising channel, with the pressure level just around 46 superimposed on the pressure line, while the next resistance is $54, and the downward trend line is superimposed on the up 63.
If we look at the technical trend, macd long trend, moving average breakout, rising channel, is a holding signal, if you are holding a position now, consider continuing to hold,Drop below the support level to reduce the position. If you want to enter the market now, I think it may be up to see if you can break through the channel pressure. It doesn't make much sense to gamble for less than 5% of your profits. Trading strategies are based on a balance of security and profitability, which is a bit higher and must be your personal preference. But we can't go beyond the basic logic.
ZEC/BTC 500%-1000% within one Year According to my Analysis#ZECBTC 2020 Best TA update:
According to me ZECBTC is best coin for 2020.
#ZEC I am waiting for best opportunity for my entry zone.
best entry for me 0.003-0.004 BTC.
If my entry will hit then this will Best Buy zone.
so I placing bid.
I will accumulate more ZECBTC if more dip will come.
Support: 0.0036-0.00400BTC.
Targets : 5x-10x within 1 year.
Not financial Advice
#DYOR
Please like and follow me for latest crypto updates.
Thank you for your appreciation.
Is Zcash Setting Up The Play?Symbol: ZECBTC
Clear long downward run it has been. But, we have broke out or Resistance and now are seeing the pullback to old Resistance. This could be a new support swing to the upside. No confirmation on my tools yet but I am just using tech. Analysis. Zcash really needs to create a higher high. Will stay updated on this one. Low cap coin / Privacy opt in coin
----------------------------------------------------
Want to level up your trading skills?
We just realesed our new course! Follow our tradingview page and visit the link in our bio if you are looking for new strategy to add to your arsenal.
Also checkout our trading indicator available in the link on our page.
---------------------------------------------------
Thank you for your continued support, God bless.
- Major League Trader
ZECUSD when next bull run 450% gains (NEW)before we kick start the update. your upvotes/subs are appreciated.
Why get subbed to to me on Tradingview?
-15+ years real live trading experience
-TOP Author on TradingView
-professional chart break downs
-key levels
-no junk on my charts
-frequent updates
-covering FX/crypto/US stocks
-24/7 uptime so constant updates
So without further due. Keep it short/simple and to the point.
ZECUSD next bull run 450% gains (NEW)
IMPORTANT: this is a speculative setup, performance
is not guaranteed, so please use a tight stop loss.
and always do your own due dill. thank you.
Tagged as SHORT as short-term I expect more losses
before reversal/dump.
ZECUSD 4d Kraken. Potential/speculative setup.
Next cycle lows may/june 2020.
bull run 450%+.
good luck traders!
get subbed to stay tuned for all the latest updates.
also add likes to support my efforts, thank you.