ZECUSDT.P trade ideas
ZEC/USDTToday, volumes have come in. I really want to pick up this coin on a correction, but only if there's still an opportunity to enter.
ZECUSDT Broadening Wedge PatternZECUSDT technical analysis update
ZEC has been forming a broadening wedge pattern for the last 450 days. The price is now moving towards the wedge's resistance for a potential breakout, and it is trading above the 100 and 200 EMAs on the daily chart. If a breakout occurs, we can expect a strong bullish move.
Buy Level: $33.00
Stop loss: $25.00
ZEC/USDT Poised for a Breakout with Bullish Indicators Analyzing the recent performance of ZEC/USDT, there are several indicators suggesting a potential upward trend from its current price of $32.17. Firstly, the Moving Average Convergence Divergence (MACD) has shown a bullish crossover, with the MACD line crossing above the signal line, indicating growing bullish momentum. This crossover often serves as a precursor to upward price movements.
Additionally, the Relative Strength Index (RSI) is currently at 58, which is above the neutral 50 level but still below the overbought threshold of 70. This suggests that there is room for further growth before the cryptocurrency enters overbought territory, providing a favorable risk-reward scenario for traders.
Moreover, the 50-day moving average is approaching a crossover with the 200-day moving average, signaling a potential "golden cross." This is a long-term bullish indicator that often signifies the beginning of a prolonged upward trend.
Trading volume has also seen a notable increase, indicating heightened market interest and participation. This rise in volume is typically correlated with sustained price movements, suggesting that the current upward trend may continue.
Furthermore, the Bollinger Bands are widening, reflecting increased volatility with a bias towards upward price action. The price has been closing consistently near the upper band, another sign of bullish sentiment in the market.
ZEC/USDT is also supported by a strong support zone around the $31.50 level, providing a solid foundation for further price increases. This support zone has held firm in recent trading sessions, reinforcing confidence in potential upward movements.
With the convergence of these technical indicators and a strong support base, the outlook for ZEC/USDT suggests a continued rise from its current price of $32.17, making it an attractive option for traders and investors looking to capitalize on its potential growth.
ZECUSDT.PHM Triangle BO v1.0 spotted. Looking good with previous wave up with increasing volume and momentum.
- BOS (Breaks of Structure) at @ 31.69-32.97 level
- Trending slow and steady if able to hold above the BOS level
It is at extremely good reward to risk level.
ZECUSDT Its Golder Opportunity to by for good profitsZECUSDT has broken the resistance 34, and we can anticipate the breakthrough to 40 or above level.
I am Bullish as this coin has been making Higher High and HL in 1 trend.
Will ZECUSDT Break Out or Face a Reversal? Yello, Paradisers! Are you ready to navigate the turbulent waters of the #ZECUSDT market? Let's dive into the latest analysis!
💎#ZEC is currently forming a broadening wedge pattern, approaching a critical resistance area. A successful breakout above this resistance would validate the pattern, signaling a strong bullish momentum. This could lead to significant upward movement, potentially reaching our target resistance area.
💎However, if ZEC fails to break through and faces a hard rejection, we might see the price retesting the demand area around 28.6. This could be a pivotal moment for ZEC, as it would need to build new momentum here. If ZEC fails to rebound and breaks below this demand area, it could be a bad sign, potentially revisiting the Bullish Order Block (OB) area around 23.30.
💎For the bullish scenario to remain valid, ZEC must bounce back from the Bullish OB area and reclaim the 28.6 demand zone. The bullish outlook would be invalidated if ZEC breaks below the OB area with a daily candle close. In this case, the highest probability is a further downward movement and a potential dip.
Remember, patience and strategic planning are crucial in navigating these markets successfully.
MyCryptoParadise
iFeel the success🌴
Alikze »» ZEC| Break down structure🔍 Technical analysis: Break down structure
- It is moving in a downward channel in the weekly and daily time frames.
- So far, there have been several reactions to the dynamic trigger, the bottom of the channel, which has been met with short-term demands.
- Recently encountered a buy pressure candle in the $16 area.
- This buying pressure candle has been able to cause the swing to fail.
- Therefore, it can continue its growth with a pullback to a broken down structure, first to the top of the channel and then to the supply area.
💎 In addition, it should be noted that if the range of $25 downwards is broken and stabilized, the bullish scenario will be invalidated.
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BINANCE:ZECUSDT
#ZEC/USDT SHORT TRADE IDEA#ZEC/USDT SHORT TRADE IDEA👹
Leverage: 20x
Entries: $30.22
Take profit 1: $29.55
Take profit 2: $27.86
Take profit 3: $22.37
Stop Loss: $32.84
BINANCE:ZECUSDT.P
NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk!
Thanks
The sroced.
Zec to ShortZec is forming a double top on daily time frame. It can be shorted from 32
Tp 1: 28.90
Tp 2: 3.30.
Stoploss: 36
ZECUSDT Short outlookZEC Sell confirmation on H1 chart, 26.5 level is bearish target. potential -13% downtrend, Risk reward can be 1:3
ZEC LONG PlanZEC HTF Analysis
Swing Long Trade, Spot Buy
Weekly Liquidity Sweep: External - Bottom
Daily Swing High Liquidity Sweep: Internal - Top
We can take a long entry on retracement in the Displacement + Discount zone (fib OTE level). For reference, entry, SL, DCA, and TP levels are marked on the chart.
#DoYourOwnResearch
ZECUSDT.PZECUSDT.P is in bearish trend.
Bearish divergence also form.
Bearish Head and shoulder reversal pattern also form.
This will strongly indicate that trend will go down .
we sell at CMP.
ZEC Buy spot due to the upcoming eventsThis year we will have the zcash halving in mid-November.
With the halving we will also change the mining reward allocated to development, with most chances of decreasing from the current 20% to 15% or less.
Another important event will be that binance will remove the monitor tag from zec pairs ( I am taking it for granted as zcash complies with all regulations but who knows?).
The ZEC price appears to be forming a falling wedge pattern, which if it breaks upwards, the highest probability is that it will reach the first major resistance TP1.
The other 2 take profit prices are speculative according to the decline from the previous high.
ZECUSD dump finally coming to an end?This seems like a make or break moment for ZEC, will it be able to reverse the downtrend? I expect a lot of boring PA in the coming months, trading will probably be confined in the 17 to 34 area for a while.
ZEC NEW INCREASE VOLUMEby the low time frame ZEC showing new volume interest which can allow the volume to increase in the coming time frames.
ZEC will stay interesting for the next increase.
If there is confirmations we will update the chart.
Trading Analysis of ZEC/USDT (Zcash)The price has been in a long-term downtrend since its peak in 2021. This is evident from the downward sloping orange dotted lines.
The green horizontal line around $100 marks a significant resistance level, while the red horizontal line around $20 represents a crucial support level.
Relative Strength Index (RSI):
RSI Trend: There is a noticeable bullish divergence on the RSI indicator. The price has been making lower lows while the RSI has been making higher lows, suggesting potential upward momentum.
MACD:
The MACD line is below the signal line, but there is a narrowing gap, indicating a potential bullish crossover in the near future.
Histogram bars are getting shorter, indicating a reduction in bearish momentum.
Volume:
A significant drop in trading volume compared to previous peaks, suggesting reduced trading interest but also less selling pressure.
Fundamental Analysis
Launch: Zcash is one of the oldest cryptocurrencies, launched in October 2016.
Purpose: Zcash focuses on privacy and anonymity. It uses advanced cryptographic techniques to offer users the option of "shielded" transactions, which allow for completely private transactions.
Technology: Zcash uses zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge), a novel form of zero-knowledge cryptography.
Development Team: The Zcash team is known for its strong cryptographic research background and continuous improvement in privacy technology.
Market Sentiment:
Zcash remains a well-respected project in the cryptocurrency community, especially among those valuing privacy.
Regulatory pressures on privacy coins could affect Zcash, but its advanced technology keeps it relevant.
Increased demand for privacy in the digital age could bolster Zcash’s adoption.
Price Goals
Support Level: $20.00 - Holding above this level is crucial.
Immediate Resistance: $25.00 - Breaking above this could lead to a short-term rally.
Medium-Term:
Next Resistance Level: $40.00 - This is a significant level from a previous consolidation phase.
Long-Term:
Major Resistance: $100.00 - This level aligns with the historical high and could be a long-term target if the bullish trend continues.
The technical indicators suggest a potential reversal in the bearish trend, primarily supported by the bullish divergence in RSI.
Fundamentally, Zcash remains strong due to its unique privacy features and continuous development.
Price targets should be approached with caution, considering both the technical levels and broader market conditions. A break above the immediate resistance could signal a stronger upward move, but sustained momentum will be key.
Investors should keep an eye on trading volumes, market sentiment, and any regulatory news that could impact the privacy coin sector.
Zecusdt Squeeze LongExpecting a Squeeze from here.
Opened a leveraged long from 22.70.
Risk Managed.
Flat stops at 22.50
Risky because of tight stops.
Note: Not a Financial Advise.
ZEC BULLISH GARTLEY PATTERN {POSSIBLE BOTTOM?}Timeframe: Daily
Pattern : Bullish Gartley
▪ tp1 = 36$
{Long Term}
▪ tp2 = 80$
▪ tp3 = 164$
$ZEC | 06.06.24Long
H4 BPR
Reclaimed Key support with deviation to the underside
M30 FVG
Target one is EQH key DOL target
ZCASH coiling up?Well it hasnt moved as much as other but the USDT pair has made a nice double bottom while the BTC pair went on to hit its 1.618 () forming a nice divergence.
8.236/16.236 target to look at still depending on how the impulse goes.
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ZECUSDT 8H LONG setup - UPDATEFollowing previous analysis on May 21, ZEC has hit TP1 with some 14% spot gain.
#ZEC/USDT#ZEC
The price is moving in a downward channel trend on a 4-hour frame and is sticking to it well
After bouncing from a major support area in green at the level of 18.00, which is a very strong area
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI that is about to break higher
Entry price is 18.20
First goal: 21.93
Second goal: 25.52
Third goal 29.12
