Get started

Zcash

Zcash: Strong Support Zone at 56USD and How to TradeIf we look at the 4H timeframe, we will see the bullish market correcting the previous upward movements. The price is not far from a solid support zone formed by SMA100, SMA200, 56.00USD support level, and the daily trend line. It looks like we have all reasons to expect the price reversal from this zone and a new upward movement in the direction of the main trend. If the price reverses from this zone, we will have a possible buying opportunity. Here is an example: Buy above 56.15USD Stop below 53.55USD Profit target at 63.95USD Risk per trade must be no more than 3-5% from the capital. If the price breaks the daily uptrend line, we will have to think about a new trading idea. If you like my posts in such a format, please smash the LIKE button and subscribe. If you have your own trading idea for this market, please, share in comments. Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
BITFINEX:ZECUSD
by DLavrov
3
Zcash: Bullish Trend and How to Join ItWhat do you think about such a long trade? The price is moving upward in the bullish trend. SMAs support the upward movement, and reversals from them give signals for buying. MACD and DMI are bullish. We should be ready to see a correction movement below SMA50 to a strong support zone. It is formed by SMA100, SMA200, and 50USd level. The price reversal at this zone will give an opportunity to join the uptrend. Of course, this trading plan can fail if Bitcoin continues the downward movement and the support zone in this chart won't be able to stop sellers. That's why we have to use the stop orders below the support and don't invest all money in one market. P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
BITFINEX:ZECUSDLong
by DLavrov
1
Zcash (ZEC) Solid Chart, Can GrowZcash (ZECBTC) hasn't been making much 'noise' lately but the chart is pretty solid. Not "strongly bullish" as most of the charts that I share but solid nonetheless which is still pretty good. The prices for this pair remains trading above the major MA200 line and also EMA300, as well as the minor ones, EMA10/50/100. I've kept this chart simple and marked the next main potential path. Please notice that this just the potential path, surely other scenarios can develop but this is the most probable based on my experience and also the signals coming from the chart. The dotted lines crossing the charts are for resistance and support. Resistance = above the current price. Support = below the current price. Based on Fib. proportions. This chart is different from other altcoins and shows real action (people/groups) rather than only trading bots buying and selling. How do I know this you ask? 😊 Because of the patterns being drawn on the chart. Thanks a lot for reading. Namaste. Previous chart | May 17
by AlanSantana
2
Don't miss the great buy opportunity in ZECBTCTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.00539). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . ZECBTC is in a range bound and the Resumption of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 60. Take Profits: TP1= @ 0.00560 TP2= @ 0.00580 TP3= @ 0.00610 TP4= @ 0.00640 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
12
Don't miss the great buy opportunity in ZECBTCTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.00539). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . ZECBTC is in a range bound and the Resumption of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 60. Take Profits: TP1= @ 0.00560 TP2= @ 0.00580 TP3= @ 0.00610 TP4= @ 0.00640 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
14