ZECUST.P trade ideas
Bulls receive a rejection from the $160 mark The Zcash coin has been slipping lower since beginning of this week and has lost almost 9.8% in just 3 days in price.
The market cap of the ZEC token is down 8.7% over the last night, which is now $1.9 billion.
Panic sellers are approaching the 200-day moving average on the daily price chart. If the bears manage to close today's price candle below the 200-MA, the remaining MA could act as a support level for the buyers.
Stoch RSI is retreating from the overbought area. The RSI is likely to bounce back from the bullish trend line (white). Furthermore, the Average Directional Index is indicating a weak bearish momentum for the ZEC coin.
Today the price of ZEC has slipped below the narrow horizontal range the coin was trading in for over 4 days. The 100-MA could act as a dominance zone for buyers for the upcoming trading sessions.
Resistance level- $190 and $300
Support level- $100 and $80
ZECUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. The price broke its resistance line and after a small pullback, it moved up strongly to the next resistance zone. The price can move down to the confluence of two supports and it will range between these two areas.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Potential Swing Bearish/Short ZEC UsdtTaking into account the current bearish nature of the market,most of the times those assets that tend to pump hugely without any logical reason except pump and dump scenarios, tend to crash the hardest as well.
I believe this asset is a strong candidate for this type of trading.
Key points:
Type of Trade : Short
Stop loss - 190 - 25% movement
Take profit - 90 - 40% movement
Capital used - 1% of the account for stop loss making a 1.6 profit factor trade in case of winning
usAnalysis ZECUSDTHello friends,
Welcome to these analyses about ZECUSDT , we take look at the 1D time frame.
Support points ( 80 )
And
Resistance points ( 170 . 240 . 320 )
Has been specified
The information is provided only for educational purposes, and should not be used to take action in the markets.
Thank you for watching the analysis
Please follow us
Short ZEC Potential bearish tradeToday we have another good opportunity risk reward short entry, for this bearish market.
In this case I am looking at some anomalies(big pumps without a reason inside a bear market) and short them when I believe they are close to top/ATH
Key points:
Type of entry : Short
Take profit level 1 : 135
Take profit level 2: 120
Stops loss : 170
ZECUSDT - Resistance Breakout!ZECUSDT (1D Chart) Technical analysis
ZECUSDT (1D Chart) Currently trading at $140
Buy level: Above $137
Stop loss: Below $103
Target 1: $158
Target 2: $172
Target 3: $190
Target 4: $250
Max Leverage 2x / Spot Market
Always keep Stop loss
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
💡Don't miss the great buy opportunity in ZECUSD @ElectricCoinCo
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (119.0).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ZECUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 63
Take Profits:
TP1= @ 130.1
TP2= @ 135.1
TP3= @ 143.2
TP4= @ 156.3
TP5= @ 173.8
SL= Break below S2
❤️ 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 / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in ZECUSD @ElectricCoinCo
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (119.0).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ZECUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 63
Take Profits:
TP1= @ 130.1
TP2= @ 135.1
TP3= @ 143.2
TP4= @ 156.3
TP5= @ 173.8
SL= Break below S2
❤️ 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 / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ZEC's price action represents an interesting chart pattern The price of Zcash coin is in recovery phase after testing the 2022 year low several times.
The price action of ZEC is noticing the reversal head and shoulder pattern in context of the daily price chart.
Zcash coin price jumped above the leading span B-$113 of Ichimoku indicator, which has been a strong selling point for the past several days. But the bulls have to close the daily price candle above it. Furthermore, Leading Span A is at the $111-mark.
In terms of the daily price chart, the Stoch RSI is trending down after retesting the overbought zone. At the time of writing, the value of K is 45-points and D is at 46-points (denoting the phase to the side).
The Average Directional Index (ADX) is showing extremely weak bullish momentum for the Zcash coin on the daily price chart.
Investors are expecting a close of the daily price candle above the Ichimoku indicator for a sharp recovery. If the bulls breach the $140-resistance daily, the bears could bring the ZEC price down again
Resistance level- $140 and $175
Support level- $100 and $80