Get started

Zec

ZEC Breakout Confirmation NeededZcash has realized a bullish reversal this week as the markets absorbed inflation reporting, the EU parliament excluded language restricting Proof-of-Work from MiCA, and the Federal Reserve clearly conveyed no substantive change to monetary policy in the immediate future. Bullish price action likely to continue if ZEC confirms a breakout from the descending triangle with a daily close above the trendline, idealing realizing $170 support with a clean bounce. Broader markets appear poised to enjoy bullish sentiment for next few months given midterm elections this fall. Significant risk of further inflationary pressure resulting in a monetary policy reversal cannot be ignored. Closely watch CPI & PPI in the coming months as these likely will see further sharp increases that will ultimately result in Central Banks reversing course.
BINANCE:ZECUSDLong
by R0MM3LL
1
Zcash Reversal or Bearish Continuation ZEC will need to close daily above descending trendline and see more bullish support or risk retracing into the right shoulder of a very clean head & shoulders pattern on daily charts. ZEC is volatile and sideways chop at current price is unlikely to continue... in the coming day or 2, it will either break up and reverse the long-term bearish trend, or fall back into the descending triangle. Overall, Crypto faired very well so far this week, appearing to shrug of major headwinds: 1. EU MiCA did not adopt language against Proof-of-Work 2. Inflation measure Feb results by BLS show PPI up 20% year over year, zooming past Jan inflation # 3. Federal Reserve FOMC towed the line with 25 bps and a cautious Chairman continuing measured and dovish leaning communication while acknowledging inflation... pointing to healthy near full employment without diving into the real and severe labor shortage the US faces. Markets responded to the sheepish FOMC action rallying up and apparently exuberant the Fed kicked the can down the road again. Fundamentals of the economy remain unhealthy, equities and assets are sky high, inflation is roaring, the regulators are not looking to control anything until after the mid-term elections. This complacency is likely to result in a harsher correction the longer the facade continues.
Z
by R0MM3LL
$ZEC Volatility Trend = Sub $90 TargetCharting from Daily to 3-Day charts reflect head & shoulders pattern forming with the left shoulder and head formed. Given price action trends with wild swings up and down, Zcash will either retrace fully to sub $90 or probable right should forms before final retracement. Once retrace by >70%, historical $ZEC price realizes bullish reversals. Continuing to see lower highs since 2018, to include May & Nov 2021. $ZEC has volatile price movements... recently: 1. +116% late Nov 2021 2. -73% from local Nov 2021 high culminating on Jan 24, 2022 3. +89% Feb 24, through Mar 10, 2022 Further downside pressure is likely given the broader macro-environment with inflation spiking, bond yields climbing, and the Federal Reserve meeting on 3/16 with expected rate hikes followed by tightening monetary policy and scaling out of quantitative easing.
KRAKEN:ZECUSDShort
by R0MM3LL
5
Bulls receive a rejection from the $160 mark The Zcash coin has been slipping lower since beginning of this week and has lost almost 9.8% in just 3 days in price. The market cap of the ZEC token is down 8.7% over the last night, which is now $1.9 billion. Panic sellers are approaching the 200-day moving average on the daily price chart. If the bears manage to close today's price candle below the 200-MA, the remaining MA could act as a support level for the buyers. Stoch RSI is retreating from the overbought area. The RSI is likely to bounce back from the bullish trend line (white). Furthermore, the Average Directional Index is indicating a weak bearish momentum for the ZEC coin. Today the price of ZEC has slipped below the narrow horizontal range the coin was trading in for over 4 days. The 100-MA could act as a dominance zone for buyers for the upcoming trading sessions. Resistance level- $190 and $300 Support level- $100 and $80
Short
by TheCoinRepublic
Potential Swing Bearish/Short ZEC UsdtTaking into account the current bearish nature of the market,most of the times those assets that tend to pump hugely without any logical reason except pump and dump scenarios, tend to crash the hardest as well. I believe this asset is a strong candidate for this type of trading. Key points: Type of Trade : Short Stop loss - 190 - 25% movement Take profit - 90 - 40% movement Capital used - 1% of the account for stop loss making a 1.6 profit factor trade in case of winning
Short
by exlux
1