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Zcash / TetherUS PERPETUAL CONTRACT

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ZECUSDT.P trade ideas

Zcash (zec) formed bullish Shark for upto 235% bullish rallyHi, dear patrons, hope you are well, and welcome to the new update on Zcash (ZEC). Due to extreme sell off the price action of ZEC has changed its move from bullish Cypher to bullish Shark. This pattern has been formed on the 2-day chart. We also have additional supports of 100 and 200 simple moving averages within the buying zone. Buying and sell targets for Shark move: Buy between: $137.02 to $92.37 Sell between: $198.05 to $309.81 Stop loss: The maximum extent of the potential reversal zone at 1.13 Fib level can be used as stop loss which is $92.37. Possible profit and loss ratio: As per the above targets, this trade has a profit possibility of 235%, and a high loss possibility up to 33%. If any one has already bought ZEC by following the previous Cypher pattern then you can set you sell targets according to this Shark move. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
Zcash formed another bullish Cypher for upto 92% rallyHey dear friends, hope you are well, and welcome to the new update on Zcash (ZEC). The previous bullish Cypher move of ZEC produced more than 178% profit rally: Now this time on 2-daty time frame chart, the price action of ZEC has formed another bullish Cypher pattern. There is also 100 simple moving average support below the buying zone. Buy and sell targets: Buy between: $213.89 to $170.91 Sell between: $247.73 to $328.97 Stop loss: The maximum extent of potential reversal zone $170.91 can be used as stop loss. Possible profit and loss ratio: As per the above targets, this trade has a big profit possibility of 92%, and the loss possibility is 21%. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
1
Zcash Has Positive signsGood Day, Zcash has a lot of positive signs going for it. - MACD had a decent rejection of the Bears - RSI comes from a fairly stable flow around the 50, which indicates potential in the market for upward movement - DMI is crossing on 12HR timeframe - Healthy correction from 16th April high - Steady upward movement - Testing $267 resistance with persistence - If we count the waves Elliot, we just started the second wave in a potential five-wave movement Larger time frame - Strong candle forming on daily - Correlation with BTC has to be factored in for sudden downwards movement. Even dough the market dominance is shifting away from BTC (could indicate different market behavior for bigger altcoins). There is a bunch of other factors that can substantiate a potential different market movement for the future (early days do). - New people to crypto, might find the Threshold for 1 BTC high, which will help the psychological adaption of the trusted ALTS with store of value, payment, anonymous options - MACD crossing bullish - Good volume - Fibonacci levels are good Historical High: very early days $1600 - last boom $800, so decent long-term potential. Fundamentals of the coins are strong enough Chasing the trade can be dangerous, and atm it is breaking, which is never a point to enter(only with exp and caution) None the less I am in, levels to watch and stop/take profit on the chart. Good luck to you all!!
Long
by CryptoDonkie
1