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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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Trade Setup
#ZECBTC
Total Profit: 1725 pip
Closed trade(s): 353 pip Profit
Open trade(s): 1372 pip Profit

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

Closed Profit:
TP1 @ 0.00470 touched at 2020.01.13 with 31 pip Profit.
TP2 @ 0.00525 touched at 2020.01.15 with 86 pip Profit.
TP3 @ 0.00675 touched at 2020.01.17 with 236 pip Profit.
31 + 86 + 236 = 353 pip

Open Profit:
Profit for one trade is 0.00635(current price) - 0.00439(open price) = 196 pip
7 trade(s) still open, therefore total profit for open trade(s) is 196 x 7 = 1372 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.
  • If the Midterm level 0.00470 is broken, we will close open trades.

DateSun, 02/23/2020 - 17:11
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 0.00470, beginning of uptrend is expected.
  • We make sure when the resistance at 0.00800 breaks.
  • If the support at 0.00470 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 0.00470 is broken.

Technical analysis:

  • There is a divergence in RSI and price between the peak at 0.00735 on 2020-01-17 and the peak at 0.0075 on 2020-02-06, and the probability of beginning of uptrend is decreased.
  • The RSI uptrend #1 is broken, so the probability of beginning of uptrend is decreased.
  • A peak is formed in daily chart at 0.00750 on 02/06/2020, so more losses to support(s) 0.00525 and minimum to Major Support (0.00470) 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 47.

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) new Mon, 25 May 2020
Zcash / Bitcoin (ZECBTC) Sun, 10 May 2020
Zcash / Bitcoin (ZECBTC) Sun, 3 May 2020
Zcash / Bitcoin (ZECBTC) Sun, 26 Apr 2020
Zcash / Bitcoin (ZECBTC) Thu, 23 Apr 2020