ZEC/BTC (Bearish Retest?)💎Technical Analysis Summary💎
BINANCE: ZECBTC
-Zcash broke its local support during its mini rally up
-If this is just a small Bearish pullback to test previous support
-And continue lower again, the downside target is around 5000s sat
-So please always plan your next trade
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ZECBTC trade ideas
Fresh Short Signal for ZEC/BTCZcash BITFINEX:ZECBTC couldn't break long term resistance (thick red line) . Key support @0.00611 is broken and it possibly started a new downtrend.
Considering it sits right at 200EMA we can see a reaction but it's not for sure. Going below 21 EMA will be a stronger sign of downtrend.
Unless it goes above @0.00611 again I'll be shorting it.
Significant supports to watch:
0.005682
0.005285
0.004949
0.004686
0.004411
DISCLAIMER : Please note that my trading approach is trend following . I don't try to make predictions. I don't try to catch the bottom or the top. I don't try to be right. I try to be agile and flexible enough to join the right side before it's too late. Please also note that I'm a swing trader using daily charts .
Entry and exit signals are not universal in trading. They should be determined according to the trading method used. If your trading approach and my trading approach don't match, please do NOT consider them relevant for your own purposes.
ZECBTC is creating an inverse head and shoulder 🦐ZECBTC is creating an inverse head and shoulder and the neckline is the weekly resistance.
IF the price will break the weekly resistance with volume and flip the resistance as support According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Head and Shoulders setup on ZECBTCBINANCE:ZECBTC is showing bullish price action, it broke the neckline of the head and shoulder pattern at 0.0063 and is now targeting 0.007168 and 0.007696. Wait for pullback towards the neckline or for price to catch up with the 20 MA to buy in. Ideal stop at 0.0054 but you can adjust as per your risk appetite.
Hit the like button please if you find this useful :)
This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
ZEC/BTCWe are sitting at very strong support for Zcash. Reasonable time to start a position if you're not in it already.
I see two paths for Zcash.
1. One more leg down if it can't break the diagonal trendline. Best be buying 3800-4000 satoshi range, this is around where Zcash bounced big earlier this year.
2. Breaks the trendline and we get back to summer highs.
I'm leaning towards option 2, as the ZEC halving in 2.5 months-ish seems to be the narrative here. Option 1 if the market stabilizes and BTC dominance continues its trip south.
ZECBTC D1: Detailed trade plan BEARS/BULLS 30%/60%(NEW) Why get subbed to to me on Tradingview?
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ZECBTC D1: Detailed trade plan BEARS/BULLS 30%/60%(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: ZECBTC daily chart review/outlook
::: bear flagging on daily
::: 6500 heavy mirror S/R level
::: shorting from overhead is great
::: BEARS will target re-test of 4500
::: 30% downside / gains on sell side
::: seek to SHORT HIGH
::: chart currently transitioning into BEAR
::: mode so just adopt to new strategy
::: let's take it one step at a time though
::: recommended strategy: SHORT HIGH
::: short near 6500 TP bears is 4500 USD
::: SHORT/HOLD setup / swing trade setup
::: for patient traders only / no fast gains here
::: re-test of 4500 required now to complete
::: the sequence for the BEARS
::: BULLS should seek to reload near 4500 USD
::: TP bulls is 60% gains later BUY/HOLD
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BEARS
::: Sentiment outlook short-term: RANGE/MIXED
ZEC/BTC (Major Support Tested?)BINANCE: ZECBTC
-Zcash tested the previous resistance and support area at 5200 sat
-We can see multiple candle rejections in this zone
-This is a Bullish sign but not yet confirmed
-We need to see a break of the trendline resistance
-To confirm that the downtrend is likely over
-And the dominant trend will continue higher
-Not financial advice, please exercise proper risk management
^Trading involves High Risk
^Not Financial Advice
^Please exercise Risk Management
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