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Weekly forecast Zcash / Bitcoin technical chart
Symbol ZECBTC

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Trade Setup
#ZECBTC
Total Profit: 20 pip
Closed trade(s): 0 pip Profit
Open trade(s): 20 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 0.0044 based on 'Valley' entry method at 2019.12.11.

Open Profit:
Profit for one trade is 0.0046(current price) - 0.0044(open price) = 2 pip
10 trade(s) still open, therefore total profit for open trade(s) is 2 x 10 = 20 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
DateDecember 15, 2019 - 15:22
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.
  • The RSI downtrend #1 is broken, so 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) 0.00470, 0.00525, 0.00675 and maximum to Major Resistance (0.00800) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 66.

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) Tue, 2 Apr 2024
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
History
Daily-Trading-Opportunities on ZECBTC.