Zcash (ZEC) formed bullish BAT for upto 134% big moveHi dear friends, and welcome to the new update on Zcash (ZEC).
Previously on a long-term monthly view, ZEC formed bullish Shark , and we had a nice trade.
This time on a weekly time frame, ZEC has formed huge bullish BAT pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Zec
ZECSince March 2020, the coin has gone from $17 to $370, which is more than 21 times.
The coin now looks bad, to put it mildly. The other day a triangle was formed, which if it breaks down, it will not be good for anyone. And it will break through, because the market is bearish.
The main supports:
The 90$ is already being tested and broken through, so there is strong weakness there.
The 50-70 zone is holding.
The fall was bought off at the upper line of this zone.
If it doesn't hold, too, we can go to the strong support line of $25.
Maybe OI goes higher and then Zcash ZEC price goes higher also"Privacy is the right to a free mind," Snowden said. "Without privacy, you can't have anything for yourself. Saying you don't care about privacy because you have nothing to hide is like saying you don't care about free speech because you have nothing to say."
ZCASH Can Become Bullish Even In This Bearish PatternIf We Observe ZCASH in Bigger Timeframes like Weekly, We can See That the Price Is in a Big Descending Triangle! So you Might Think to yourself that the Price is gonna Decrease,But there is a Bullish Sign as well! There is a Regular Bullish Divergence (+RD) On MACD which will Determine our Calculations. The Chance of being Bullish Is High So we can Safely Say that the price will Increase Soon & WILL break the Triangle. The Next Possible Resistance is around 280$.
-ZCASH is in a Big Descending Triangle (Weekly Timeframe)
-(+RD) On MACD will Change the Situation
-Price will become Bullish
-Resistance at 280$.
BTC to 45KLooks like BTC is going to 45K if $38493 is not taken out. If $38493 is taken out then we are going to 31K.
Why I think it will go higher and not lower. This is just my opinion and not financial advice. I hope this helps you make an educated decision.
1. It's highly unlikely we are going down considering ALT coins are all in a good setup to go higher. I will post some of the ALT coins that are ready for take off.. not to the moon but at-least like 30%-40%.
2. It should go to 45K because BTC is doing an ABC. We have completed AB and should go up for C. I have covered it in the chart.
3. Down Jones (DJI) was expected to come down to retest 33.5K and it has done it. There is not much left to go down on the Dow.
4. Finally - Narrative is so negative out there BTC will do the opposite. :)
IF $38493 is taken out then we are going much lower.. not like $35000 that you see on Twitter. We are definitely going to 31K breaking the parallel channel which BTC is in for the last few months. We should then ascend higher and not go down to 20K or 24K. BTC will not go to these level without completely its full retrace.
Zcash Cope and Hope lines for the futureWhy Is Crypto Down? Inflation Worries. ZCash (ZEC) Synthetix (SNX) Price Prediction | Market Update. Do we know Why Is Crypto Down? Is there any place for Worries about Inflation? We use graphs and data to find out in our Market Update. Also we give ZCash (ZEC) and Synthetix (SNX) Price Prediction
www.youtube.com
$ZEC Zcash to fall 50+% from these levelsIf you look at the price action on the Zcash chart, price just tested and rejected the resistance at $163, which now sets up the possibility to fall to $56-70 as the next supports. If price can't hold there, then it can fall more. Just from looking at the chart, my interpretation leans towards price finding the $26 support before bouncing.
I think that's likely to play out over the coming weeks. I put pivots on the day for key dates to watch for changes in price action.
Let's see what happens.