ZECUSDT Its Golder Opportunity to by for good profitsZECUSDT has broken the resistance 34, and we can anticipate the breakthrough to 40 or above level.
I am Bullish as this coin has been making Higher High and HL in 1 trend.
ZECUSDT trade ideas
Will ZECUSDT Break Out or Face a Reversal? Yello, Paradisers! Are you ready to navigate the turbulent waters of the #ZECUSDT market? Let's dive into the latest analysis!
💎#ZEC is currently forming a broadening wedge pattern, approaching a critical resistance area. A successful breakout above this resistance would validate the pattern, signaling a strong bullish momentum. This could lead to significant upward movement, potentially reaching our target resistance area.
💎However, if ZEC fails to break through and faces a hard rejection, we might see the price retesting the demand area around 28.6. This could be a pivotal moment for ZEC, as it would need to build new momentum here. If ZEC fails to rebound and breaks below this demand area, it could be a bad sign, potentially revisiting the Bullish Order Block (OB) area around 23.30.
💎For the bullish scenario to remain valid, ZEC must bounce back from the Bullish OB area and reclaim the 28.6 demand zone. The bullish outlook would be invalidated if ZEC breaks below the OB area with a daily candle close. In this case, the highest probability is a further downward movement and a potential dip.
Remember, patience and strategic planning are crucial in navigating these markets successfully.
MyCryptoParadise
iFeel the success🌴
Alikze »» ZEC| Break down structure🔍 Technical analysis: Break down structure
- It is moving in a downward channel in the weekly and daily time frames.
- So far, there have been several reactions to the dynamic trigger, the bottom of the channel, which has been met with short-term demands.
- Recently encountered a buy pressure candle in the $16 area.
- This buying pressure candle has been able to cause the swing to fail.
- Therefore, it can continue its growth with a pullback to a broken down structure, first to the top of the channel and then to the supply area.
💎 In addition, it should be noted that if the range of $25 downwards is broken and stabilized, the bullish scenario will be invalidated.
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BINANCE:ZECUSDT
#ZEC/USDT SHORT TRADE IDEA#ZEC/USDT SHORT TRADE IDEA👹
Leverage: 20x
Entries: $30.22
Take profit 1: $29.55
Take profit 2: $27.86
Take profit 3: $22.37
Stop Loss: $32.84
BINANCE:ZECUSDT.P
NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk!
Thanks
The sroced.
Zec to ShortZec is forming a double top on daily time frame. It can be shorted from 32
Tp 1: 28.90
Tp 2: 3.30.
Stoploss: 36
ZECUSDT Short outlookZEC Sell confirmation on H1 chart, 26.5 level is bearish target. potential -13% downtrend, Risk reward can be 1:3
ZEC LONG PlanZEC HTF Analysis
Swing Long Trade, Spot Buy
Weekly Liquidity Sweep: External - Bottom
Daily Swing High Liquidity Sweep: Internal - Top
We can take a long entry on retracement in the Displacement + Discount zone (fib OTE level). For reference, entry, SL, DCA, and TP levels are marked on the chart.
#DoYourOwnResearch
ZECUSDT.PZECUSDT.P is in bearish trend.
Bearish divergence also form.
Bearish Head and shoulder reversal pattern also form.
This will strongly indicate that trend will go down .
we sell at CMP.
ZEC Buy spot due to the upcoming eventsThis year we will have the zcash halving in mid-November.
With the halving we will also change the mining reward allocated to development, with most chances of decreasing from the current 20% to 15% or less.
Another important event will be that binance will remove the monitor tag from zec pairs ( I am taking it for granted as zcash complies with all regulations but who knows?).
The ZEC price appears to be forming a falling wedge pattern, which if it breaks upwards, the highest probability is that it will reach the first major resistance TP1.
The other 2 take profit prices are speculative according to the decline from the previous high.
ZECUSD dump finally coming to an end?This seems like a make or break moment for ZEC, will it be able to reverse the downtrend? I expect a lot of boring PA in the coming months, trading will probably be confined in the 17 to 34 area for a while.
ZEC NEW INCREASE VOLUMEby the low time frame ZEC showing new volume interest which can allow the volume to increase in the coming time frames.
ZEC will stay interesting for the next increase.
If there is confirmations we will update the chart.
Trading Analysis of ZEC/USDT (Zcash)The price has been in a long-term downtrend since its peak in 2021. This is evident from the downward sloping orange dotted lines.
The green horizontal line around $100 marks a significant resistance level, while the red horizontal line around $20 represents a crucial support level.
Relative Strength Index (RSI):
RSI Trend: There is a noticeable bullish divergence on the RSI indicator. The price has been making lower lows while the RSI has been making higher lows, suggesting potential upward momentum.
MACD:
The MACD line is below the signal line, but there is a narrowing gap, indicating a potential bullish crossover in the near future.
Histogram bars are getting shorter, indicating a reduction in bearish momentum.
Volume:
A significant drop in trading volume compared to previous peaks, suggesting reduced trading interest but also less selling pressure.
Fundamental Analysis
Launch: Zcash is one of the oldest cryptocurrencies, launched in October 2016.
Purpose: Zcash focuses on privacy and anonymity. It uses advanced cryptographic techniques to offer users the option of "shielded" transactions, which allow for completely private transactions.
Technology: Zcash uses zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge), a novel form of zero-knowledge cryptography.
Development Team: The Zcash team is known for its strong cryptographic research background and continuous improvement in privacy technology.
Market Sentiment:
Zcash remains a well-respected project in the cryptocurrency community, especially among those valuing privacy.
Regulatory pressures on privacy coins could affect Zcash, but its advanced technology keeps it relevant.
Increased demand for privacy in the digital age could bolster Zcash’s adoption.
Price Goals
Support Level: $20.00 - Holding above this level is crucial.
Immediate Resistance: $25.00 - Breaking above this could lead to a short-term rally.
Medium-Term:
Next Resistance Level: $40.00 - This is a significant level from a previous consolidation phase.
Long-Term:
Major Resistance: $100.00 - This level aligns with the historical high and could be a long-term target if the bullish trend continues.
The technical indicators suggest a potential reversal in the bearish trend, primarily supported by the bullish divergence in RSI.
Fundamentally, Zcash remains strong due to its unique privacy features and continuous development.
Price targets should be approached with caution, considering both the technical levels and broader market conditions. A break above the immediate resistance could signal a stronger upward move, but sustained momentum will be key.
Investors should keep an eye on trading volumes, market sentiment, and any regulatory news that could impact the privacy coin sector.
Zecusdt Squeeze LongExpecting a Squeeze from here.
Opened a leveraged long from 22.70.
Risk Managed.
Flat stops at 22.50
Risky because of tight stops.
Note: Not a Financial Advise.
ZEC BULLISH GARTLEY PATTERN {POSSIBLE BOTTOM?}Timeframe: Daily
Pattern : Bullish Gartley
▪ tp1 = 36$
{Long Term}
▪ tp2 = 80$
▪ tp3 = 164$
$ZEC | 06.06.24Long
H4 BPR
Reclaimed Key support with deviation to the underside
M30 FVG
Target one is EQH key DOL target
ZCASH coiling up?Well it hasnt moved as much as other but the USDT pair has made a nice double bottom while the BTC pair went on to hit its 1.618 () forming a nice divergence.
8.236/16.236 target to look at still depending on how the impulse goes.
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ZECUSDT 8H LONG setup - UPDATEFollowing previous analysis on May 21, ZEC has hit TP1 with some 14% spot gain.
#ZEC/USDT#ZEC
The price is moving in a downward channel trend on a 4-hour frame and is sticking to it well
After bouncing from a major support area in green at the level of 18.00, which is a very strong area
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI that is about to break higher
Entry price is 18.20
First goal: 21.93
Second goal: 25.52
Third goal 29.12
ZEC/USDT descending resistance should price break above? 👀🚀💎Paradisers, gear up for a promising trading opportunity with #ZECUSDT as it challenges a descending resistance. A successful breakout could trigger a significant bullish rally.
💎 At present, the price is testing the descending resistance and we anticipate a bullish continuation from the crucial demand zone at $21.60. If the price maintains its momentum at this level, there's a high chance it will ascend, breaking through the descending resistance, with the next target potentially lying within the specified resistance zone in our trading plan.
💎 However, if #ZEC fails to hold its ground in the demand zone and falls below $21.60, this could indicate a weakening of the bullish trend. In such a case, the price may drop further towards the next significant support level at approximately $19.54.
💎 Should #ZEC fail to recover convincingly from $19.54, and if it shows a decline in volume, this might point to a loss of bullish momentum. A definitive break below this support level would compound concerns regarding the bullish outlook and could lead to a more extensive bearish trend.
MyCryptoParadise
iFeel the success🌴
ZEC/USDT It required break, potential significant upward move!💎 Paradisers, #ZEC is indeed a coin worth monitoring closely.
💎 Currently, ZEC is facing resistance at the 27 level. ZEC successfully breaking out of this resistance with a strong green candle would indicate bullish momentum, especially after breaking the ascending triangle pattern.
💎 However, if ZEC fails to break above the resistance and instead forms a rejection bearish candle, it could signal a potential retracement back to the support area around 24.3. From there, ZEC may gather momentum for another attempt to break the resistance.
💎 On the other hand, if ZEC breaks the resistance at 27 without retesting the demand area, it may continue its upward movement, potentially reaching our target strong resistance area.
💎 A concerning scenario would be if ZEC fails to bounce upon retesting the support at 24.3. A breakdown below this support level could lead to a further downward movement towards the key demand area at 21.6. ZEC must bounce from this area and reclaim the support level to maintain the bullish scenario.
💎 The bullish invalidation would be confirmed if ZEC breaks below the demand area, especially with a daily candle close below it. Such a move would indicate strong bearish momentum and could lead to further downward movement.
MyCryptoParadise
iFeel the success🌴
ZEC PRIVACY ETF $1000The privacy narrative revolves around the stories, principles, and discourses that define how individuals, organizations, and societies understand and manage personal data and privacy.
The privacy narrative intersects with the ETF world through thematic ETFs that focus on companies involved in cybersecurity, data protection, and privacy technology. These ETFs allow investors to gain exposure to the growing importance of privacy and data protection in the digital age.
ZECUSDT 8H LONG setup - May 21 2024Possible Long setup for ZEC/USDT (8H)
Tight Stoploss: Slightly below 24.0 (Futures)
Wide Stoploss: 22.80 (Spot)
ZEC/USDTThe Bearish Bat pattern is a specific type of harmonic pattern observed in financial markets, particularly in technical analysis trading. It is considered a variation of the Gartley pattern and is formed by a convergence of specific Fibonacci levels. This pattern is named "bat" due to its resemblance to a bat's wings.
Here are the key characteristics of the Bearish Bat pattern:
1. **Initial Move (X to A)**: The pattern starts with a significant price move, labeled as X to A. This move can be either upward or downward.
2. **First Retracement (A to B)**: After the initial move, there is a retracement, labeled as A to B. This retracement usually reaches the 0.382 or 0.50 Fibonacci retracement level of the XA leg.
3. **Second Move (B to C)**: Following the retracement, the price resumes its move in the direction of the initial move, labeled as B to C. This leg typically extends to the 0.886 Fibonacci retracement level of the XA leg.
4. **Final Retracement (C to D)**: After the completion of the BC leg, there is another retracement, labeled as C to D. This retracement typically reaches the 0.382 Fibonacci retracement level of the BC leg.
5. **Completion Point (D)**: The Bearish Bat pattern completes at point D, where the final retracement (C to D) terminates. Point D typically forms at the 0.886 Fibonacci retracement level of the XA leg.
Traders who recognize the Bearish Bat pattern may consider it a potential selling opportunity. They might look for additional confirmation signals, such as bearish candlestick patterns or bearish divergence in momentum indicators, before entering short positions. As with any trading strategy, risk management and proper position sizing are essential when trading harmonic patterns like the Bearish Bat.
