ZCash Retesting Underside TrendLine - Short - #CryptoIt's already tested the underside if the trendline and rejected on the 4 hr. The 50 MA Could keep it afloat instead of a full rejection.
It's at the "CrossRoads" on the the 15 min chart
I'm wait for another retest before I take action. Then I'll be watching the 4 HR 50 MA. Just a heads up
COINBASE:ZECBTC
Zcash
ZCash Needing a Dip to 56.37-57.37 to Cross trendlines to LongI've been having success at Scalping #Zcash and #Litecoin as of late. Their patterns have become quite prediectable. In this chart you can see where a descending overthrow trendline meets the underlying, more powerful uptrendline. If the price action meets at the exact spot needed, a long may be the best opportunity. Granted I may need other confluences such as the RSI and I'll take a look at the MACD. But after some major drops in Crypto overnight, it seems like they're trying to make a comeback. with resistance on Zcash being around the $60 mark, I wouldn't shoot for any higher than that as my Take Profit. Let me know what you think.
Here's a previous Zcash win using my double RSI strategy. The (Over sold on the 19, diference of 7 or more between the 16 ans 29 RSI, Crossed The 50 and the 200 MA was used as support. Was the perfect time to pull the trigger and land nearly a 20 pip scalp.
Zcash can give us %30 Profit with just Fibo levels + 50/200 MASometimes we focus on too much details and forgot basic fundementals..
- Here we have 200 days MA work as good support. The last time price go below 200 MA was in 10th March took just 1 month.. 200 days moving average is key level for ZEC.
- Sto RSI started to turn out positive
- Price was at the highest $102,74 on 6th August ( Top price)
- Price was at the lowest $56,77 on 3rd September ( possible bottom)
I setup Fibonacci on these levels and i noticed Fibo 0.5 level was equal to 50 days moving average. I think we may sell some sell opportunutiy here.
- We can gain possible %30 profit from $61 to $76 .
Risk reward ratio is 2.75
Stop loss level i put $50.56
Please read this first !
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Regards
ZECUSDT AnalysisAs you can see on the chart EngineeringRobo and I are neutral at the moment.
If you are currently holding ZEC at the moment, hold and pay close attention to EngineeringRobo sell signals or if you are more conservative, sell at the support level
If you are planning to buy, look out for Engineering Robo Buy Signals, or you can buy at the support level ($55.04)
No matter which level you are buying, watch EngineeringRobo signals carefully.
ZEC/USDT 12h (Binance Fut.) Ascending channel on midline supportZcash is looking very bullish on High Time Frame (HTF) right now.
Current Price= 77.37
Buy Entry= 77.82 - 74.82
Take Profit= 86.58 | 95.61 | 113.17
Stop Loss= 69.46
Risk/Reward= 1:1.5 | 1:2.81 | 1:5.37
Expected Profit= +40.32% | +75.84% | +144.84%
Possible Loss= -26.97%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 3x
Estimated Gain-time= 800h
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 ❤️
Dash- Undervalued sleeperDash was one of the first few Altcoins bursted onto the scene in 2014 and the second most famous anon coin in terms of transaction volume and active address behind Monero (XMR) even though strictly speaking it is semi-anon because its PrivateSend feature is optional.
Dash is one one the few fundamentally sound coins in the top 50 coins in terms of marketcap that has performed relatively poor against BTC in the past few months and remains criminally undervalued because it is still about 95% down from its ATH.
I would scale in slowly now and build up the position through the dip even though the current price lvl is literally right underneath the major resistance. The upside is tremendous and Dash will likely boom when the public attention switches to Anon coins.
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.