ZEC/USDT Analysis Update 📈📉HEY ,SUP GUYS !
As I mentioned before In the last analysis for ZCASH, I told you guys more likely it will fly soon , and we can see after my analysis was able to exactly reached my tp (tp) ! ( => 260 % long (1x)🎯💰 ).
So today as we can see in 1w time frame for ZECUSDT it has a kind of gesture that indicates a possible growth in future , although mostly it depends to bitcoin trend in next couple of week , but it has reached to a support recently and can reach to the descending trendline in the shorter time , of course it doesn't mean it can not fall again , but in this case I expect to be supported with bull on the lower support zone again , in this kind of situation in my opinion we should rely on the volume after breakout the trendline to take a better decision and position In order to have any significant movement!
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
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ZECUSDT
$ZEC - Retracing to Bullish OB Then Attack Liquidity Above *SMT**SMT* = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. I'm Sorry, but you won't convince me that Bitcoin knows it has created a triangle and that it knows how to react from that? It does and will remember price levels, that's it. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward attacking where there is Liquidity (Equal Highs, Equal Lows, phantom Trendlines etc.) and Balance (Fair Value Gaps, Liquidity Voids.) That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.
TLDR;
Entry: 92.3-92.5
Stop Loss: (88.5-89.2 Depending on Broker and how much your willing to give up below the Bullish Order Block)
Take Profit 1: 96.3-96.4 20-25% of profit removed here (Move SL to 90)
Take Profit 2: 97.4-97.6 (Bulk of the trade off here up to 85%-98% of the trade, move stop into break even)
Take Profit 3: 99.5-99.6 (127% Extension meets the Fair Value Gap Above the equal highs/Liquidity Line
On the Hourly it appears that after price had broker the structure of the lower dealing range, it retraced back down to the breaker of that range and continued up until it hit equal highs with the price before th major drop off. These equal high are creating artificial Liquidity meaning that most traders who see the equal highs automatically think "Resistance" It may be met with some resistance but smart money or Institutional traders know that there are retail traders that have their shorts sitting there with, most likely, a short stop loss.... Or a buy stop with a short stop loss. I see this everytime, The price will come trigger the buy stop people and to take out the SL of the people Shorting with a limit, then it falls more to take the buy stop traders SL out, then continue up to find an imbalance or liquidity. And there's an imbalance at exactly the 127% extension.If there's a slight chance that doesn't happen I do have multiple take profits set up, but more than likely this will be the scenario. I've seen play out so many times that I know there's players in the room with large amounts of money able to manipulate the charts right when they want to. If this doesn't Happen, I'LL be Surprised.
Good luck and happy trading :)
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$.
ZEC - 1:7 Short📉⭐️ BTC bearish
⭐️ Trend is bearish
⭐️ Level is 8 days old
⭐️ 3rd touch
⭐️ When we touched the level, pulback was insignificant
⭐️ 46 ATR
⭐️ Under VWAP
Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
ZECUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for ZECUSDT
The price was not able to break the first resistance line after it touched it. So there was no reform in its trend. We believe it can move toward the resistance line when it reaches this area.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck