Elliott Waves Analysis of ZCash
...short it! Things aren't looking so good for the near term on ZEC/USD, with the giant ominous H&S on the daily... might be time to short this for the next while.
This is 1 Day If it break the green line could go (LONG) profit or short (MARGIN) could be 30 usd for zcash I have to notice that all the charts I have been working on so far have the same trend as Bitcoin, this tells me two things. One, is that bitcoin is very young and have lots of young projects Two, all the other coins (alts) works as pieces of market in...
ZCASH is showing signs that its major corrective pullback is over, showing a similiar pattern to ETH we can expect to see a new Impulsive wave forming. I have marked on the chart my rough idea on where I expect price to go, use as a guide only. I will start accumulating small amounts today through to Sunday. Looking at mid to long term for now, so prepair to sit...
Price broke 200.00 resistance level and came back higher than MA100. We have a signal that the previous up trend is going to continue. RSI confirmed price reversal from 160.00 level. MACD confirms an upward movement. DMI allows open long trades. It's buy opportunity and we can open long trades above 218.00 level with stop orders below 142.00 support level. Profit...
After the red level breakthrough, the target price may be 250 or 282
Price bounced from the uptrend line and diverged with RSI. We got a bullish divergence near the support level. It's a trend reversal signal and we can think about entry levels for long trades. The downtrend line is a barrier for possible upward movement and it will be logical to buy above this line. If price breaks this resistance line, we'll be able to open long...
Keeping in mind the relative small size of the crypto market, once this bear cycle has finished, an even stronger bull market will emerge in the wake of the imminent new money. ZEC has finally completed a near perfect .78 fib retracement and is just beginning to settle back into its primary support channel, this provides opportunity for both seasoned day traders...
I overlooked the early days of this chart... thanks
Price broke MA50 and it can be a signal for possible down movement to 200.00 support level. MACD lines and histogram confirm different directions of price movement. RSI is falling to the oversold zone below 30 level. In such way when the market reverses, RSI will give good confirmation. As for trading we have 2 variants. The 1st variant is the one that we must...
If it doesn't hold and there is a lot going down, my guess would be 19-9-17 again for touchdown. thanks
Just a very basic and yet a little early to try to forecast what to expect in the next 11 days if the good volume and young trend keep up. Colors are odds.
Zcash dropped to a possible reversal level and it can give us buy opportunity. Let's look at the daily chart and try to spot the entry levels for our long trades. Now price is at the uptrend line 1 which we can draw based on the swing low of previous 2 days. It can be a possible reversal zone including 0.382 Fib level and the uptrend line 1. We can place buy-stop...
Potentiall seeing a double bottom reversal with ZEC/USD. Clearly can see a bearish run from the peak of 430 down to the low of the first trough at 250. Trough then peaks at around 360 before declining into second trough, reaching a low of about 265. The advance from the trough was evident due to a high amount of buying pressure, which then sees a clear resistance...