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Weekly forecast Zcash / Bitcoin technical chart
Symbol ZECBTC

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Trade Setup
#ZECBTC
Total Profit: -500 pip
Closed trade(s): 0 pip Profit
Open trade(s): -500 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 0.00439 based on 'Valley' entry method at 2019.12.11.

Open Profit:
Profit for one trade is 0.00389(current price) - 0.00439(open price) = -50 pip
10 trade(s) still open, therefore total profit for open trade(s) is -50 x 10 = -500 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 30, 2019 - 14:14
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 0.00360 on 12/23/2019, 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 45.

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.