ZEC basing above declining wedge (PREBREAKOUT)printing an i hns.
volume is a little wonky but we'll have to see how much this matters.
respected the 50 day ma and resisted the urge to sell off.
not financial advice.
stay safe.
ZECUSD trade ideas
not bad buy point for zecbouncing off confluence area bw 200day ma and upper level of descending wedge.
most likely scenario is that ZEC is basing and although you could get a lower buy-in, this is not a bad place to start looking for buys.
ultra bull situation would be a pop up to mid 80s, but it seems bulls need to feel validated in upcoming uptrend for price to see really good gains.
not financial advice.
stay safe.
ZECUSD 50 or 150?Let's analyse my favorite cryptocoin ZEC :
If Price > Green Line Then ZEC -> 150 USD
If Price < Red Line Then ZEC -> 50 USD
$ZECThe count is tricky with this, on one hand we got a 1:1 mapping from the march bottom, making this drop the first leg of downtrend
But I'm going with this current bullish count assuming the trend remains intact
All the best
ZECUSD Second Chance: Profit=765% SL=70% Reward/Risk > 11:1Second Chance Trade Setup summary:
Profit targets=765% = {TP3= 35% + TP4= 61% + TP5= 79% + TP6= 104% + TP7= 127% + TP8= 144% + TP9= 215%}
Stop Loss =70%
Reward/Risk > 11: 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (71.35) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP3= @ 96.60 (New)
TP4= @ 115.25
TP5= @ 127.65 (New)
TP6= @ 146.00 (New)
TP7= @ 162.00 (New)
TP8= @ 174.30 (New)
TP9= @ 225.40 (New)
SL= Break below 64.00
--------------------------------------------------------------------------------------------------
First Buy Current Status:
Total Profit: 136%
Closed trade(s): 85% Profit
Open trade(s): 51% Profit
Trade Setup:
We opened 3 BUY trade(s) @ 48.84 based on 'previous Forecast' at 2020.06.15 :
Closed Profit:
TP1 @ 64.00 touched at 2020.07.13 with 31% Profit.
TP2 @ 75.60 touched at 2020.07.31 with 54% Profit.
31% + 54% = 85%
Open Profit:
Open trade is 74.15(current price) - 48.84 (open price) = 51%
1 trade(s) still open, therefore total profit for open trade(s) is 51% x 1 = 51%
Technical analysis:
. ZECUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
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ZECUSD Second Chance: Profit=765% SL=70% Reward/Risk > 11:1Second Chance Trade Setup summary:
Profit targets=765% = {TP3= 35% + TP4= 61% + TP5= 79% + TP6= 104% + TP7= 127% + TP8= 144% + TP9= 215%}
Stop Loss =70%
Reward/Risk > 11: 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (71.35) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP3= @ 96.60 (New)
TP4= @ 115.25
TP5= @ 127.65 (New)
TP6= @ 146.00 (New)
TP7= @ 162.00 (New)
TP8= @ 174.30 (New)
TP9= @ 225.40 (New)
SL= Break below 64.00
--------------------------------------------------------------------------------------------------
First Buy Current Status:
Total Profit: 136%
Closed trade(s): 85% Profit
Open trade(s): 51% Profit
Trade Setup:
We opened 3 BUY trade(s) @ 48.84 based on 'previous Forecast' at 2020.06.15 :
Closed Profit:
TP1 @ 64.00 touched at 2020.07.13 with 31% Profit.
TP2 @ 75.60 touched at 2020.07.31 with 54% Profit.
31% + 54% = 85%
Open Profit:
Open trade is 74.15(current price) - 48.84 (open price) = 51%
1 trade(s) still open, therefore total profit for open trade(s) is 51% x 1 = 51%
Technical analysis:
. ZECUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Bullish Z Cash! ZECUSDEscaped the triangle - Wave 4 of 3 - and established a new support. I am buying Z .
Load The Boat on $ZEC /usd | #ZCash on the Dip...Load The Boat on $ZEC /usd | #ZCash on the Dip...
Green box means buy zone.
Targets/Resistances are in Red.
Patience!
Miguel | #CCA
ZECUSD: Good opportunity for LongAt D1, the cloud is directing upward, indicating an uptrend. The RSI moved down and the price found support on the Ichimoku cloud.
At H4, the cloud is directing downward, indicating a price correction at the D1 timeframe.
Besides, RSI is at the oversold level, which indicates the weakness of sellers.
We recommend buying ZECUSDT near the 50% Fibonacci level and take the profit near the level of 108.
ZEC Nearly done ConsolidatingIn the final downward impulse C. We should cross into the red zone on the fibonacci, after which I believe we will see a start to a new impulse wave.
I'm Bullish on ZcashBelieve it or not, I am bullish on ZCash. Even after the recent breakout, I still remember ZCash's earlier years. I think it is quite underrated at this price, and still have some continuation to go for positive support for a further bull run. That being said, everything I say is on an opinion based basis. Please do your own due diligence and invest at your own risk. I am long.
ZECUSD BUY LONGPrice making long & short term compression
-Wedge
-Bull power
-Broke the trendLine and it's triying to give his impulse .
We are in a long term position here , and it's a high risk trade.
Watch your risk, give some like support if you want , and dont forget to follow for more!
Enjoy profits!
ZECUSDPrice its cheap , and in a strong demand zone .
- Compress in 1D chart.
- Descending Wedge
- Price recovery shown bulls for the whole 2020.
Enjoy this historic oportunity traders, altcoins are going to blow this year.
Watch your risk and enjoy profits!
Dont't forget to follow and give us some love <3 following us.
Buy ZEC Sell USDIntermediate support
MACD/Stoch shows accumulation
Stoch perceived as being price consolidation in anticipation of a flag rally
4hour highler low
Prospecting a short term rally with volatility wick on daily candle
S/L 75.00
T/P 89.00(FV - Daily) or 87.00 (cloud resistance 4hr)
R/R 2.54 daily
Seek and find profits!
