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Weekly forecast Zcash / Bitcoin technical chart
Symbol ZECBTC

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Trade Setup
#ZECBTC
Total Profit: 665 pip
Closed trade(s): 81 pip Profit
Open trade(s): 584 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 0.00479 based on 'Valley' entry method at 2020.05.17.

Closed Profit:
TP1 @ 0.00560 touched at 2020.05.30 with 81 pip Profit.

Open Profit:
Profit for one trade is 0.00552(current price) - 0.00479(open price) = 73 pip
8 trade(s) still open, therefore total profit for open trade(s) is 73 x 8 = 584 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.

DateMay 31, 2020 - 15:26
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 0.00360, beginning of uptrend is expected.
  • We make sure when the resistance at 0.00750 breaks.
  • If the support at 0.00360 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 0.00435 on 05/14/2020, so more gains to resistance(s) 0.00560, 0.00675 and maximum to Major Resistance (0.00750) 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 62.

Take Profits:

  1. 0.00560
  2. 0.00675
  3. 0.00750
  4. 0.01000
  5. 0.01250
  6. 0.01500
  7. 0.01700
  8. 0.02150
Click on the level to view price action history.

Symbol Released Current Forecast
Zcash / Bitcoin (ZECBTC) new free Sun, 12 Jul 2020
Zcash / Bitcoin (ZECBTC) Sun, 5 Jul 2020
Zcash / Bitcoin (ZECBTC) Sun, 28 Jun 2020
Zcash / Bitcoin (ZECBTC) Mon, 22 Jun 2020
Zcash / Bitcoin (ZECBTC) Mon, 15 Jun 2020