Zcash
There is a trading opportunity to buy in ZECBTCMidterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.01490 would begin in Midterm.
Technical analysis:
The RSI support #1 at 46 is broken, so the probability of beginning of uptrend is decreased.
A peak is formed in daily chart at 0.01528 on 04/01/2019, so more losses minimum to Trend Hunter Buy Zone (0.01330 to 0.01250) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 48.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0133000 to 0.0125000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0133000)
Ending of entry zone (0.0125000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.01490000
TP2= @ 0.01685000
TP3= @ 0.01970000
TP4= @ 0.02140000
TP5= @ 0.02335000
TP6= @ 0.02970000
TP7= @ 0.03485000
TP8= @ 0.04375000
TP9= @ 0.05645000
TP10= Free
There is a trading opportunity to buy in ZECBTCMidterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.01490 would begin in Midterm.
Technical analysis:
The RSI support #1 at 46 is broken, so the probability of beginning of uptrend is decreased.
A peak is formed in daily chart at 0.01528 on 04/01/2019, so more losses minimum to Trend Hunter Buy Zone (0.01330 to 0.01250) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0133000 to 0.0125000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0133000)
Ending of entry zone (0.0125000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.01490000
TP2= @ 0.01685000
TP3= @ 0.01970000
TP4= @ 0.02140000
TP5= @ 0.02335000
TP6= @ 0.02970000
TP7= @ 0.03485000
TP8= @ 0.04375000
TP9= @ 0.05645000
TP10= Free
Zec massive uptrend, potential over 100% Zec price forecast LONG
Hello guys.
Welcome to Technical Analysis on $Zcash (ZEC) which is one of the next big thing (not judging by the roomors), but tecnicals and fundamentals.
We have one of the biggest falling wedges ever on #ZEC at the moment, but since volatile as usual, #ZEC seems very hard to predict if i may add.
Lets rollback at the beginning.
Zcash was listed on coinmarketcap on October 29th being worth on release 5000$/ZEC (back than Bitcoin was worth 500$).
Officialy, if you check on coinmarketcap, you ll notice that ZEC was officially worth 6BTC/per 1 ZEC.
That ratio changed in favor of Bitcoin while continually deflating ZEC more than 2 years time, but biggest run 8 months we've seen on ZEC (from 10th of February last year) (0.055BTC/ZEC) and since then from May 18th (price 0.044BTC/ZEC) in continual fall.
Lowest low on ZEC was 0.0125BTC/ZEC two weeks ago.
Since than, as per technicals and either TA or FA analysis continually bullish.
My personal take is that ZEC can go 300% from this point up to 0.035 (which is more than in headline), but we are trying to be conservative here (despite "shilling" headline).
It's a fact judging as per technicals :
Weekly oversold, monthly oversold, yearly... :)
Stochastic RSI is uprising on weekly /(looking very sharp on daily basis)
MACD is flat from June 18th
Weekly bullish cross present
That would be like 9 months of consolidation on ZEC (pretty much the same as we've seen on XRP), 9 months "cycle" and uptrends right after.
When talking about fundamentals, there are roomors that privacy coins will be more and more popular in time.
Speaking of that and having on mind Sapling (fork on ZEC), activated on October 28th, corresponded with ETH Constantinopol fork in order to " keep up" since their network is overloaded.
However, Zec is a carrier of ZK Snark protocol (Zero Knowledge) it allows anonymity or transparency in the same time/upon users choice (with further network upgrades), but has 100% obfuscation, (as bulletproof fork on XMR, only even better).
Speaking of XMR (Monero), JP Morgan refused XMR in favor of ZEC considering it only valuable asset for 100% private transactions.
There are roomors also that ZEC will be @SwissBANK 21.century currency, but its too early to talk about it.
I would like to clarify one thing for the people who say " BTC is the KING" and other nonsense stories.
We have Bitcoin dependable market in which one price of every alts is not fixed, but calculated as fraction of BItcoin (i.e. current price of Zec is 0.0144 BTC multyplied with current price on Bitcoin 3990) gives 57.68 USD output.
At the ATH Zec was worth 850$/ZEC while being worth 0.05 BTC (it was during Bitcoin bullrun).
Biggest ratio over Bitcoin was 0.17 (which is more than ETH itself).
One more important thing to add is that we need to understand where Bitcoin is going in order to understand how altcoins will behave, because i've seen bunch of people posting wishful thinking TA's in order get followers.
Bitcoin will hit 4250 (which should correspond with ZEC being worth 75$) i presume.
Then we ll have correction on Bitcoin (subbing 4000) and another spike to 4450 which will certainly trigger entire market and most of the coins will manage to " express" until then (expecting ZEC price to surpass 95 USD mark untill then as increasing ratio over Bitcoin).
One simple math example :
Bitcoin uptrended 10% over USD making 4250$ (as per chart 10%)
Zec in the meantime during Bitcoin consolidation and run uptrended for 30% over Bitcoin.
That would be 43% nominal USD gain (if you have invested 100$ on btc 4000 ZEC current price), you would have 143$ worth of ZEC since exponential growth and ratio change.
If you find this TA and FA usefull, feel free to press like and follow.
Constructive comments are welcome, ideas and every type of criticism of course.
Don't hesitate to leave your comment in comment section.
Good luck and happy trading :)
When Moon? ZEC Says SoonMassive falling wedge in ZEC. Rescoped a little since my last look. THis looks a lot more legit. All the signs are there for a massive run. RSI is fairly strong, stoch allows for growth. Teetering on the edge of wedge resistance. Price has been hanging around above the kumo for weeks.
ZECUSD Zcash Bottomed based on Hypodermic Accumulation PhaseThere is a possibility to uptrend developing on ZECUSD, Hypodermic Accumulation Phase spotted.
Bullish Divergence on 4-Day chart, also quite interesting buy signal.
Watch the price breakout from the resistance and enter this trade.
Targets based on resistance levels:
80$-100$-140$-300$
Zcash Bullish divergence + Falling wedge from 2017...
Hi all, today I am looking to ZEC, there is big Falling wedge from 2017, and now we are near end this pattern, is big possibility that ZEC is preparing for big jump, another indicator MACD show us longterm bullish divergence, so Zcash can do great numbers soon. But we must be careful and trade with stoploss, because BTC is now unpredictable.
Thank you
If you like this idea please leave like, comment or follow.
I will be update it
Zcash Medium-Term Analysis Chart Update On Zcash!
Last week ZEC saw a breakout of the $55 weekly pivot, leading to a continuation higher to the $62 level.
After retracing lower , ZEC found support at the 50% retracement level at $54.
Today ZEC is up 5% as it looks ready for the next leg higher. If we see the $62 level met once again I expect some selling.
But over the next few weeks depending on the rest of the market we may see a continuation to the upside levels of $65 and the range high at $7
ZEC – should I stay or should go now...Hi Guys.
Let’s take a look at the Zcash this time.
It has bounced up from the record low lately.
The price has crossed the previous height for a while.
We need something stronger .
The price should stay above 0.015260 for a couple of bars.
Enter the position above that level when the volume rises.
Here are details of the technical analysis :
• Ichimoku Cloud - The price is above KijunSen and TenkanSen - good .
We need to jump over the Cloud .
• WBM BUY/SELL Indicator – the price is saturated temporarily. The correction is expected.
• Weis Waves – the supply has evaporated. All we need is more demand . Will it come?
• MACD – positive divergence which is bullish
So this trade looks decent.
Wait for the correction. Swing on the price is expected.
It may take up to one month.
Keep it safe .
Set your alarm on the price 0.015260 and observe if it is stable above this price.
Hit a like if you find this analysis useful.
Thank you for reading and your time.
Are you ZEC believer, hodler or speculator?
Massive Hugs!
WBM Team