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Trend Hunter performance since 2015 for this symbol

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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 (0.00375 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 0.00425, 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 0.00425 and expect to reach short-term targets.

  • Beginning of entry zone (0.00375)
    • Support on 09/24/2019
    • Support on 10/26/2019
    • Support on 10/27/2019
    • Support on 11/27/2019
    • Support on 11/28/2019
    • Support on 11/29/2019
    • Support on 11/30/2019
  • Ending of entry zone (0.00370)
    • Trough on 09/24/2019
    • Support on 09/24/2019
    • Support on 10/26/2019

DateSun, 12/01/2019 - 19:53
Currentdowntrend
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • 0.00800 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.
  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 0.00370 on 09/24/2019, so more gains to resistance(s) 0.00425, 0.00470, 0.00525 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 36.

Take Profits:

  1. 0.00470
  2. 0.00525
  3. 0.00675
  4. 0.00800
  5. 0.01000
  6. 0.01250
  7. 0.01500
  8. 0.01700
  9. 0.02150
Click on the level to view price action history.

Symbol Released Current Forecast
Zcash / Bitcoin (ZECBTC) free Sun, 12 Jan 2020
Zcash / Bitcoin (ZECBTC) Mon, 30 Dec 2019
Zcash / Bitcoin (ZECBTC) Tue, 24 Dec 2019
Zcash / Bitcoin (ZECBTC) Mon, 9 Dec 2019
Zcash / Bitcoin (ZECBTC) Sun, 15 Dec 2019