ZEC broke out of triangleand retested it. I won't be surprised if it dips again, but pretty certain it is not in danger anymore.
Looks like the breakout of BTC from the October triangle.
ZECUSD trade ideas
possible Zcash explosionI see here e replace off support become resistance and the resistance will break again to become support.
The target could be 100!
ZEC....Up or downStill leaning towards retesting $54 before we see it retesting $90+. Largely based on US infection rates fast approaching critical 10% level. It seems likely that we will see a pull back in US equities based on negative short term outlook.
Near Future Buying Opportunity ZcashInfo on chart. Look for support near green box to add to long position.
Not Financial Advice.
ZEC Could Be Entering A New Bull Market just now
As the weekly candle closes for Zcash we edge closer to a decision point. Following a major multi year sell off that was briefly interrupted for a few short rallies ZEC has been forced to a point of decision. It just so happens to align with the reduction in supply in terms of block rewards.
Possible "W" bottom formation followed by a higher low on the weekly chart. This could be the point of the market cycle where the overall sentiment turns more bullish and the same demand (which likely continues growing) as before pushes up price due to reduction in supply.
I will allow the chart to guide my opinion in the coming days and weeks.
Interesting times my friends I wish you all peace and happiness.
Not Investment Advice.
ZEC consolidating under resistancestill in the channel, can be considered bullish. Waiting for breakout.
ZEC/USD Shows Clear Trend Behavior - Explanation How To TradeAll information about this ZEC/USD long trade can be found on the chart. I tried to make it as self-explanatory as possible. Should you have any questions, feel free to drop a comment or send me a personal message.
Awaiting ZEC Weekly Candle Currently in a big pennant. Macro trend resistance lies around $110. Positive weekly candle could break price from range and begin to head towards the major resistance levels as outlines in previous posts of mine. Negative weekly candle could push price to the bottom of pennant near $50 or lower if that does not hold as support.
Not financial advice.
Like if you appreciate my analysis.
Best wiShes.
ZEC Up or Down?Is it going to break this down trend and jump up to $90 or retrace back down to $50? Difficult call to make considering the upcoming halving and the complicated macro situation.....
ZECUSD ( Head and Shoulder Patter )ZEC/USD Currently trading at $62
Short Entry-level $ 62 - 64
Stop loss ( Resistance) : Above $67
Target 1 ( support level 1) : $ 50
Target 2 (Support level 2) : $37
Risk Reward Ratio: 1 : 3
ALWAYS KEEP STOP LOSS....
ZECUSD H16: BEST Level to SHORT IT 35% gains(SL/TP)(UPDATED)Why get subbed to me on Tradingview?
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ZECUSD H16: BEST Level to SHORT IT 35% gains(SL/TP)(UPDATED)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT as I expect more losses
short and mid term.
🔸 Summary and potential trade setup
::: ZECUSD 16hour chart review
::: expecting strong correction soon
::: H*S confirmed / massive rejection
::: overall very weak chart
::: rejected from heavy resistance level
::: BEARS will take over from here
::: TP BEARS 42/44 USD
::: 35% downside pending
::: BCH hard fork will trigger DUMP
::: TP BEARS is 35% gains
::: FINAL TP is 44/42 USD
::: recommended strategy: SHORT IT
::: TP BEARS 25%/35% gains
::: SWING TRADE: SHORT/HOLD IT
::: correction not over yet
::: good luck traders!
::: SHORT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS
💡Ascending Triangle in ZECUSD - "Learn More Earn More" With USAscending Triangle Definition:
An ascending triangle is a type of triangle chart pattern that occurs
when there is a resistance level and a slope of higher lows .
It is defined by two lines:
. A horizontal resistance line running through peaks.
. An uptrend line drawn through the bottoms.
The higher lows indicate more buyers are gradually entering the market
and buying pressure increases as price consolidates moving further towards the apex.
An ascending triangle is classified as a continuation chart pattern .
If price can break through the resistance level, that level will now act as a support level.
Breakouts can also happen in both directions. Statistically,
upward breakouts are more likely to occur, but downward ones seem to be more reliable.
In most cases, the buyers will win this battle and the price will break out past the resistance.
But Sometimes the resistance level is too strong,
and there is simply not enough buying power to push it through.
Therefore you should be ready for movement in EITHER direction.
ENTRY:
We would set an entry order above the resistance line and below the slope of the higher lows .
TARGET:
Target is approximately the same distance as the height of the triangle formation.
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Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Ascending Triangle in ZECUSD - "Learn More Earn More" With USAscending Triangle Definition:
An ascending triangle is a type of triangle chart pattern that occurs
when there is a resistance level and a slope of higher lows .
It is defined by two lines:
. A horizontal resistance line running through peaks.
. An uptrend line drawn through the bottoms.
The higher lows indicate more buyers are gradually entering the market
and buying pressure increases as price consolidates moving further towards the apex.
An ascending triangle is classified as a continuation chart pattern .
If price can break through the resistance level, that level will now act as a support level.
Breakouts can also happen in both directions. Statistically,
upward breakouts are more likely to occur, but downward ones seem to be more reliable.
In most cases, the buyers will win this battle and the price will break out past the resistance.
But Sometimes the resistance level is too strong,
and there is simply not enough buying power to push it through.
Therefore you should be ready for movement in EITHER direction.
ENTRY:
We would set an entry order above the resistance line and below the slope of the higher lows .
TARGET:
Target is approximately the same distance as the height of the triangle formation.
❤️ 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 you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
zcash upcoming halving and emission scheduleZcash entering its 5th year since the genesis block and coming closer to its first halving around 18th November which will reduce inflation from 33% to 12.5% in this year.
The contolled supply for zec is like this:
1. Year | Total Zec: 2.65m | Mined Zec: 2.625m | Inflation: infinite | Stock to flow n.d.
2. Year | Total Zec: 5.25m | Mined Zec: 2.625m | Inflation: 100% | Stock to flow 2:1
3. Year | Total Zec: 7.87m | Mined Zec: 2.625m | Inflation: 50% | Stock to flow 3:1
4. Year | Total Zec: 10.5m | Mined Zec: 2.625m | Inflation: 33% | Stock to flow 4:1
--------- we are here ---------
5. Year | Total Zec: 11.8m | Mined Zec: 1.313m | Inflation: 12.5% | Stock to flow 9:1
6. Year | Total Zec: 13.1m | Mined Zec: 1.313m | Inflation: 11.1% | Stock to flow 10:1
7. Year | Total Zec: 14.4m | Mined Zec: 1.313m | Inflation: 10% | Stock to flow 11:1
8. Year | Total Zec: 15.8m | Mined Zec: 1.313m | Inflation: 9.1% | Stock to flow 12:1
9. Year | Total Zec: 16.4m | Mined Zec: 0.656m | Inflation: 4.2% | Stock to flow 25:1
after the halving 50% of all zec are already mined and inflation pressure will start to fade out
ZECUSD good position it has a good position to long cuz it is on the support line and it's kinda reliable line
whats your opinion / share your opinion with me .
i glad to hear it.
ZCash/USD bearishdoes not have good support, it is dangerous to buy, but it is not bad to buy partially
Zcash Zcash target range posted in chart, break out from resistance should have a nice run up by 2023
