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Weekly forecast Zcash / Bitcoin technical chart
Symbol ZECBTC

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.00420 to 0.00370). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

While the price is below the level 0.00525, the probability of beginning of uptrend is too weak, so we would enter the market with buy trades based on Daily-Trading-Opportunities and a day close price above 0.00525 and expect to reach short-term targets.

  • Beginning of entry zone (0.00420)
    • Support on 09/06/2019
    • Support on 09/13/2019
    • Support on 09/26/2019
  • Ending of entry zone (0.00370)
    • Trough on 09/24/2019
    • Support on 09/24/2019

DateOctober 15, 2019 - 19:58
Currentdowntrend
Forecastbeginning of uptrend

Midterm forecast:

  • 0.0080000 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 0.0049 on 2019-08-09 and the trough at 0.0037 on 2019-09-24, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 0.00370 on 09/24/2019, so more gains to resistance(s) 0.00525, 0.00675 and maximum to Major Resistance (0.00800) 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 49.

Take Profits:

  1. 0.00675
  2. 0.00800
  3. 0.01000
  4. 0.01100
  5. 0.01250
  6. 0.01500
  7. 0.01700
  8. 0.01900
  9. 0.02150
Click on the level to view price action history.

Symbol Released Current Forecast
Zcash / Bitcoin (ZECBTC) Mon, 11 Mar 2024
Zcash / Bitcoin (ZECBTC) Tue, 20 Feb 2024
Zcash / Bitcoin (ZECBTC) Tue, 20 Feb 2024
Zcash / Bitcoin (ZECBTC) Tue, 30 Jan 2024
Zcash / Bitcoin (ZECBTC) Wed, 10 Jan 2024