. There is a possibility of temporary retracement to suggested support line (0.0039). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. ZECBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
Monfex is at your service and today we overview ZEC/BTC.
Diamond reversal pattern.
This pattern also finds support from RSI, the indicator has a certain upward trend, which is a good sign for bulls, but most likely not soon.
The support zone ~ 0,004350-4300
Share your thoughts, ideas about the market under the chart.
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ZCash has been on the extended downtrend but with news of new partnerships on the horizon it looks like ZEC may have
a sharp move back to the upside.
Estimates Bounce Zone 0.004745 - 0.004732
News Item Search Term : these-brothers-think-save-zcash
There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.01490 would begin in Midterm.
The RSI support #1 at 46 is broken, so the probability of beginning of uptrend is decreased.
A peak is formed in daily chart at 0.01528 on 04/01/2019, so more losses minimum to Trend Hunter...
Looking at the current trend in price we noticed a double dip last night with very strong indicators through MACD, MFI, RSI as an ideal buying opportunity. ZEC had a short recovery while resuming the dip.
I entered at various points with buying opportunities - with another due today if it dips further.
Overall i feel like...
. ZCASH/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue.
Price is in the support zone...
Gemini Listing pre 'pump n dump', done. Is known how to move / how market reacts? Sat it out last week as I don't buy into green in the current market, especially for an exchange listing.
Future potential of coinbase listing?
~0.031 BTC looks like nice support which it is sat just above atm.
Chart looks alright
Seen very little talk of ZEC...
. ZCASH/BITCOIN is in a Range Bound and Beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 77.
We opened 9 Buy trade(s) @ 0.03571511 (day close price) based on 'Valley' at 05.14.2018 signaled by our "Daily Trading Opportunity".
Signal to enter...
My first chart so open to feedback.
Edge to edge done, kumo brekaout and bullish TK cross. Unsure about cloud still being bearish. Don't need the sym triangle to figure out that price will edge to bottom of cloud.