ZEC/USDT - 4h - Analysis published on 03/03/2021Moon to Earth ... Hello World, it’s Cosmo 👩🚀 again and by popular demand I additionally analyze the ZCASH (ZEC) Token against USDT tonight:
So, let's get started 😃 … Summary of the Analysis: ZCASH/USDT (4 hours time frame)
Trends: Short Term - Bearish & Long Term - Strongly Bearish
Crypto Screener™ (by TradingView) Rating: NEUTRAL
Technical Indicators (by TradingView & intotheblock): SELL
- Summary: 11 Bearish; 10 Neutral & 5 Bullish
- Oscillators: 0 Bearish; 9 Neutral & 2 Bullish
- Moving Averages: 11 Bearish; 1 Neutral & 3 Bullish
Fundamentals: SELL
- Circulating/ Max Supply = 54% --> SELL
- 848 out of 1,000 Fundamental Crypto Asset Score (FCAS™ by Flipside Crypto)
- C+ SIMETRY™ Rating (by Crypto Briefing) --> SELL
- BB Rating with stable outlook by TokenInsight
- 79.4% out of 100% Asset Score™ by TokenInsight --> SELL
- No Dynamic Performance Score™ by TokenInsight
AI (Artificial Intelligence) by CENTRALCHARTS: SELL
Multi Timeframe Analysis:
- 1h (1 hour frame): negative
- 4h (4 hours frame): neutral
- D (1 day frame): neutral
- 7d (last 7 days): negative
My Opinion: SELL - Bearish under USD 139.60
My targets: USD 103.47 (-13.1%) & USD 46.98 (-60.5%) from current price level
ZEC/USDT follows a very strong bearish trend since ATH (all time high) on 02/08/2021. Traders may consider only short (sell) positions if the price stays well below USD 139.60 (Stop Loss Level = 1st light green line above current price; +17.3% from current price level). Next support levels are indicated as light red lines in the chart. A bearish breakout below a support line would increase bearish momentum.
Signal Force (0-10): 8 = very strong force
To sum up my opinion: I’m convinced that the ZEC Token is substantially overpriced with the recent PUMP ACTION and will retrace back to it’s lows from before the parabolic move. In the long run it might disappear.
We are currently trading around monthly VWAP. Should we break significantly downwards this would be a strong SELL signal.
Please note that as a Hedge Fund Manager I would NEVER go outright short = only sell short ... I always have potentially overperforming coins or tokens long against the shorts!
The trick is, that (because of good research) the longs perform better than the shorts in all market situations.
Like and follow as the next analysis will focus on over- and underperforming (compared to BTC) Coins or Tokens again.
With this information you'll then be able to go LONG potentially overperforming Coins/ Tokens and to go SHORT potentially underperforming Coins/ Tokens and to do what the big guys do 🤑: Organize your Crypto Portfolio as a Hedge Fund.
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Happy trading everyone … comments welcome!
Published on 03/03/2021, 00:00 AM (UTC+1)