Zcash Buy OpportunityPrice 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 target for long trades can be at 300.00 resistance level or you can hold these trades in long term.
ZECUSDT
Zcash Bullish DivergencePrice 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 trades with stop orders below 140.00 support level and the uptrend line. Profit targets should be near 260.00, 300.00, 338.00 and 400.00 resistance levels. Also you can hold the trades in long term. Don't forget that the markets are under the pressure because of Segwit for Bitcoin. You must be careful with all your trades and follow the proper money managment strategies.
ZEC: Potential bottom of the correctionI'm long $ZECEUR from 225 euros here. I think we might have seen the bottom of the current correction in it, after a 6 week uptrend ended, despite extending gains a bit higher and for longer, it took 6 more weeks from the end of the first forecasted rally, to apparently form a bottom, so, it looks reasonable to assume that the spike in $ZECEUR isn't really significant (specially when pitted against $ZECUSDT for example, or $ZECBTC pairs). I will include those charts below to further illustrate my point. As you know, I trade using a method developed by my mentor, who is a hugely succesful trader and investor, called Tim West. One of the strategies developed by him, lets you determine the trend, and predict the time duration, as well as potential targets for the current trend in the instrument at hand.
As fundamentals go, I think $ZEC is interesting to say the least, but, it raises some concerns among investors when you consider that there can be some hidden supply in it, that the market isn't aware of. I like the underperformance lately, relative to $XMR and $DASH, at least in the last month, probably related to fears connected to Alphabay ( themerkle.com ). Overall, I think this can resolve positively, and would induce a positive shock, and push $ZEC up again. I expect positive developments from the EEA, and Ethereum in the next month, there should be no shortage of bullish news for this and the broad crypto space. Keep in mind that sentiment is extremely negative right now, which is a good enough reason to pile in on the long side in our cryptocurrency basket again.
Cheers,
Ivan Labrie.
Zcash When to BuyPrice 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 wait for price returning above 250.00 support. The market also must break the down trend line. It will be a buy signal with profit target at 350.00 and 400.00 resistance levels. The 2nd variaint - we have to wait for price reversal from 200.00 support level or MA100. After getting a confirmed buy signal, we'll have to open long trades with the same profit targets at the resistance levels. If you are waiting for trading opportunity for opening long term trades, the current levels are good for this. Only if price breaks below MA100, we'll have to search for new entry levels for long term buying.
Zcash Entry LevelsZcash 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 orders higher than 295.500 or wait for a situation when price breaks the downtrend line. In such way we open long trades based on the market price. Stop orders for these long trades must be below 255.00 level. Profit-target should be near 400.00 level - it's the resistance zone. If price breaks the uptrend line 1, the next reversal zone will be between 240.00 - 235.75 levels. This zone is formed by 0.5 Fib level and the support level. If price drops to this area and we get a confirmed reversal signal, we'll open long trades with stop below the local swing low. If price breaks this support zone, probably we'll see down movement to 0.618 Fib level and even to the uptrend line 2. These levels will be the most interesting for buying. Don't forget that all price reversals must be confirmed by bullish candles or reversal candlestick patterns and RSI.
P.S. If you think this information can be useful, please, like it and share. Also I will be glad to read your comments )
ZCASH is a silent rallying coinZEC usually move sideways, and when it does breakout it is fast and furious.
Looking at ZEC from another perspective, the ratio of ZEC / XMR and ZEC / DASH we can clearly that this is technically more superior within the basket of anonymous currencies that's generally accepted (eg: listed in bitfinex)
It is definitely a buy and hold. $300~$600 is in the books.
DO NOT LEVERAGE. Just hold it.
ZEC - A Journey through the ZdimensionThe king of the dark side is awakening. Bitcoin's archenemy has been summoned to conquer what has been divided and complete what was unintended.
Znach, the new challenger, a flying snake, is very different to Bitagon. This dark, anonymous side, is hollow in uncertainties and satiated in mystery.
Entry: 0.06-0.07.
TP1: 0.08.
TP2: 0.095.
TP3: 0.112.
TP4: 0.14.
Stop-loss: 0.05.
Risk/Reward: 2.8:1.
Please like and follow if you agree on this idea.
Good luck!
Disclaimer: As usual, this is not a perfect prediction. Don't put all of your money into it. If you don't know how much to put, you can learn how to hedge properly by using common sense and a search engine. I will be posting updates as I have been doing in my previous posts.
ZEC to the ZdimensionInteresting coin. Nothing more to say so far. Let's see how this plays out.
Disclaimer: As usual, this is not a perfect prediction. Don't put all of your money into it. If you don't know how much to put, you can learn how to hedge properly by using common sense and a search engine. I will be posting updates as I have been doing in my previous posts. If you earn good profits, please donate some to keep me motivated! You can find more info at my signature.
ZECEUR: In case anyone missed this...I've been going on and on about Zcash, I hope some of my followers are in the trade with me and my clients. Great profits already, and more to come with some luck.
If we move above resistance after today, we will continue trending up. ZECEUR could easily hit 120-152, and if above that, the weekly could see us hit 220 eur...The first fundamental key level resistance, which coincides with a technical level is around 411, so, hang in there and be patient. If it indeed starts trending, it will be like ETHEUR's rally before it, so, it will give a lot of short term opportunities, to make quick profits while holding the core position.
Fundamentals are aligning with my vision here, there's a chance that the problems XMR's anonimity appears to have, might kickstart this rally, together with bug fixes by the proactive Zcash team, as well as a potential addition to deep web marketplaces like Alphabay...the developments could cause an explosive rally, specially if you consider the limited floating supply.
Happy Easter!
Ivan Labrie.
ZEC may have bottomed here. Been watching the developments of ZEC for quite a while...
Looks like the short term bottom is in with yesterday's capitulation below 0.022 BTC / ZEC.
We're also seeing a test of falling trendline in ZECUSD pair.
As always, stop loss at 0.0245. Just slightly below the current consolidation point.