ZECBTC
zCASH plays the bluesZCASH plays the blues
For those that are unfamiliar with ZEC/BTC , it launched in October of 2016 and has a serious 4-star team working on it and backing it up. It uses ZK-SNARK which is basically a shielded address which is achieved through the use of their Zero Knowledge Proof construction. This allows users to send transactions that are hidden from public ledger (identity and value). Yes, there are other coins out there that offer the same sort of thing like, Monero (XMR), Dash (DASH), and even Verge (XVG). AND there is also ZClassic (ZCL) which is worth reading up on. Anyway, there are lot of articles out there saying ZEC/BTC will moon and be 60k by 2025, and it may, but if top 10 coins start to offer the same thing we may see ZCASH slowly fade away (or not!)
But enough about the coin, lets get to the analysis...
Looking at the chart above we can see that the previous support line has now become the new resistance line. We have a narrow trading range forming with a mid support line around .038. IF we fall below this we will be testing the .0313 - .0299 range as support, and below that would be a support of .01749. However if we can see ZEC/BTC break the resistance and find support at that level again we could see a return to around .0745 and then .1032.
It looks as for now we could see ZCASH continue to dance around this narrow trading range for a while. However we are currently seeing a cross over in the DMI which could mean we will see a downward continuation.
Happy Trading :)
Much Love
DustyPH
***This information is not a recommendation to buy or sell***
*Please leave a comment and let me know what you think!
ZEC PicthforkZEC has been showing positive interaction with the levels of this fork. Made a solid run with volume after the previous MACD double bottom, and could see the same here if we get the proper volume profile. All this in conjunction with a bounce off of the fork median, which has been hodling.
ZEC looking ready for next flightZEC moving steadily forming a good looking chart with 30% correction. If it continues its trend than it might hit 0.6 satoshi within 3-5 days.
Buy around 0.040-44 satoshi.
Sell zone: Blue rectangle
**I'm not an expert nor a financial advisor, so buy at your own risk**
Buy ZCashThe bull market that begins in 2018 when the ZCash rises through the 50-Day EMA, it was a sign of a new bull market. In addition, when the RSI rised through 50, it was another sign of a new bullish trend. When MACD line rised through the signal line, it confirmed another sign the bear trend is over. Also it should be noted that on 3 Day TF, the MACD Line moved above the zero line to turn positive.
After trading as low as 0.047 during the day, the coin found the key support level at 50-Day and 100-Day EMA. The failure to close below the support could increase that levels importance as support going forward.
ZCash - New Entry Level. Time to go LONG?The price is inside the Symmetrical Triangle. Interesting part of this pattern is that it can break either way and it is important to be able to trade this either way and not to be over biased with your trading setup. Uptrend is supported by the golden crossover of MA50 & MA100 which is indicating the beginning of new uptrend. Histogram supports upward movement and note that MACD hasn't crossed yet. Buy orders can be set above 472 USD with stop-loss of 416.
If the price rejects and breaks downwards, there can be found strong support structure in between 382 - 405 levels where should be watched for confirmed reversals.
This is great method to learn patience and wait for good trading opportunities!
Trading Information for ZCash ( Zec / USD ):
Buy: above 472
Partial Profit Targets: 536 / 550
Main Profit Targets: 651 / 673
Longer Term Target: 800
Stop-loss: 416
If you need any help with trading, recommendations or where to search basics just feel free to leave me DM 1.80% in here or in my twitter. I try to respond ASAP! :)
Happy trading!
Things to Remember:
Stop-loss orders are strongly recommended.
Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
Do your homework before investing.
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr The Pirate Crypto Cat
ZEC 700$ BOMB Traders,
Here we have ZEC/USD on the 4 Hour chart.
ZEC has been try to breakout and failing every-time, but I think it's now or never.
Price had an initial low at 260.
Price looks strong and expecting to see the highs soon.
I am expecting zcash to continue with the current upside momentum, and I am expecting a move to at least 560$ in few days after breaking it we will not have the control upside.
NOTE:
That's my vision next few days :
-Price continues it's strong momentum to the upside, and hits the upside target at 800 in one strong swing move, small correction retest 730 and mooning again.
GOOD LUCK,
MOHSEN
Watchlist Update 04 | BTC, KMD, DGB, ETC, GBYTE, SCHello and welcome to today's watchlist update :D The bulls arrived this morning. My newsfeed continues to be bullish and positive, no insane FUD this morning on my end.
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Overall market cap: Up several billion this morning. Major cryptos are all very bullish this morning.
BTC-USD Coinbase | Broke resistance of 9089 on huge bullish volume, followed by a bullish pennant and an inside bull break of the pennant, pivot point at about 9158 and now possibly forming another pennant. Bearish volume arriving, be careful.
KMD-BTC Bittrex | 4H inside bar bull break, rising well above the strong support line of 0.0004547.
KMD-USD | 1H edge-to-edge Ichimoku cloud break, strong push to the upside. Capital flowing back into the markets overall.
DGB-BTC Bittrex | 1H edge-to-edge Ichimoku cloud break, very strong bullish push followed by a long-tailed candle from bulls buying the dip.
ETC-BTC Bittrex | Finding strong support around 0.006303 and 0.0055641, retracement looks healthy for bulls. The previous slow establishment of support levels means it has has trouble dropping too hard, I think it will hold in this range. Ichimoku cloud has only flipped bearish on 15min and we have broken the channel trend that I drew earlier.
GBYTE-BTC | Strong breakout of the rising wedge that I deemed to be bearish, looks like fundamentals may be trumping pure technical analysis or perhaps I misread this and it's actually a bull flag. It's smashing through a wall of previous support zones so I'm still skeptical of this bull run, despite a decent amount of volume. Please throw me some ideas in the comments section!
SC-BTC Bittrex | Sideways, waiting to see if this finished off the correctional C subwave of the current Grand Supercycle.
ZEC-BTC Bittrex | I didn't cover this one that well as the clock was ticking (Maybe I should roll this over to Youtube eh?) but Zcash still has rom for downside. While it has had a lot of bullishness recently, I only imagine that it will need to retrace and build a stronger base before pushing further to the upside sustainably. To me it looks tired and may even be forming a larger head and shoulders pattern. What do you guys think?
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This is for educational purposes only and is not financial advice.