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Weekly forecast Zcash / Bitcoin technical chart
Symbol ZECBTC

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Trade Setup
#ZECBTC
Total Profit: 2138 pip
Closed trade(s): 548 pip Profit
Open trade(s): 1590 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.
TP2 @ 0.00675 touched at 2020.07.13 with 196 pip Profit.
TP3 @ 0.00750 touched at 2020.08.01 with 271 pip Profit.
81 + 196 + 271 = 548 pip

Open Profit:
Profit for one trade is 0.00744(current price) - 0.00479(open price) = 265 pip
6 trade(s) still open, therefore total profit for open trade(s) is 265 x 6 = 1590 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 0.0056000 is broken, we will close open trades.

DateAugust 2, 2020 - 22:05
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 0.0056000 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 0.0056000 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 0.00620 on 07/20/2020, so more gains to resistance(s) 0.00750, 0.01000, 0.01100 and more heights 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 68.

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) 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
Zcash / Bitcoin (ZECBTC) Wed, 10 Jan 2024