💡Don't miss the great buy opportunity in ZECBTCMidterm forecast:
While the price is above the support 0.00355, beginning of uptrend is expected.
We make sure when the resistance at 0.00490 breaks.
If the support at 0.00355 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The RSI bounced from the support #1 at 23 and it prevented price from more losses.
While the RSI resistance #2 at 48 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 0.00660 on 10/12/2020, so more losses to support(s) 0.00370 and minimum to Major Support (0.00355) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 34.
Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.00370 to 0.00355). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set buy orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00370)
Ending of entry zone (0.00355)
Take Profits:
TP1 @ 0.00440
TP2 @ 0.00490
TP3 @ 0.00560
TP4 @ 0.00675
TP5 @ 0.00750
TP6 @ 0.00865
TP7 @ 0.01000
TP8 @ 0.01250
TP9 @ 0.01500
TP10 @ 0.01700
TP11 @ 0.02150
TP12 Free
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Zcashbitcoin
ZECBTC Update: Profit=8750 SL=1990 Reward/Risk > 4.4:1 Trade Setup summary:
Profit targets=8750 pip (750 + 1250 + 1750 + 2050 + 2950)
Stop Loss =1990 pip
Reward/Risk > 4.4 : 1
Current Status:
Total Profit: 1924 pip
Closed trade(s): 1924 pip Profit
Open trade(s): 0 pip Profit
Trade Setup:
We opened 4 BUY trade(s) @ 0.005494 based on 'previous Forecast' at 2020.06.21 :
Closed Profit:
TP1 @ 0.005600 touched at 06.23.2020 with 106 Profit.
TP2 @ 0.005800 touched at 06.23.2020 with 306 Profit.
TP3 @ 0.006100 touched at 06.24.2020 with 606 Profit.
TP4 @ 0.006400 touched at 06.24.2020 with 906 Profit.
106 + 306 + 606 + 906 = 1924
Technical analysis:
. 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.
. The RSI is at 60.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (0.007250) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP1= @ 0.008000
TP2= @ 0.008500
TP3= @ 0.009000
TP4= @ 0.009300
TP5= @ 0.010200
SL= Break below 0.006852
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ForecastCity English Support Team ❤️
Don't miss the great buy opportunity in ZECBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00482). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. 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.
. The RSI is at 75.
Take Profits:
TP1= @ 0.00510
TP2= @ 0.00576
TP3= @ 0.00677
SL= Break below S2
Don't miss the great buy opportunity in ZECBTCTrading suggestion:
. 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.
Technical analysis:
. 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.
. The RSI is at 80.
Take Profits:
TP1= @ 0.00428
TP2= @ 0.00460
TP3= @ 0.00500
SL= Break below S2
There is a possibility for the beginning of an uptrend in ZECBTCTechnical analysis:
. 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 .
Trading suggestion:
Price is in the support zone (0.01895000 to 0.01610000), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.01895000)
Ending of entry zone (0.01610000)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.02436000
TP2= @ 0.02830000
TP3= @ 0.03374000
TP4= @ 0.03773000
TP5= @ 0.04364000
TP6= @ 0.05159000
TP7= @ 0.07361000
TP8= @ 0.09137000
TP9= @ 0.10911000
TP10= @ 0.13442000
TP11= @ 0.16666000
TP12= Free
A Great Trading Opportunity to Buy in Zcash / Bitcoin ...Technical analysis:
. 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.
Trade Setup:
We opened 9 Buy trade(s) @ 0.03571511 (day close price) based on 'Valley' at 05.14.2018 signaled by our "Daily Trading Opportunity".
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
Take Profits:
TP1= @ 0.043
TP2= @ 0.052
TP3= @ 0.062
TP4= @ 0.075
TP5= @ 0.093
TP6= @ 0.111
TP7= @ 0.137
TP8= @ 0.170
TP9= Free