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Weekly forecast Zcash / Bitcoin technical chart
Symbol ZECBTC

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Trade Setup
#ZECBTC
Total Profit: 54 pip (14%)
Closed trade(s): 54 pip Profit (14%)
Open trade(s): 0 pip Profit (0%)

Trade Setup:
We opened 12 BUY trade(s) @ 0.00386 based on 'Hammer' entry method at 2020.11.06.

Closed Profit:
TP1 @ 0.00440 touched at 2020.11.24 with 54 pip Profit (14%).

11 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.00370 to 0.00355). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (0.00370)
    • Trough on 09/24/2019
    • Support on 09/24/2019
    • Support on 10/26/2019
    • Support on 12/03/2019
    • Support on 12/23/2019
    • Support on 11/06/2020
    • Support on 11/07/2020
    • Support on 11/12/2020
    • Support on 11/17/2020
    • Support on 11/22/2020
    • Support on 11/23/2020
    • Support on 12/05/2020
    • Support on 12/06/2020
  • Ending of entry zone (0.00355)
    • Support on 11/05/2020
DateDecember 8, 2020 - 21:34
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.0033500, beginning of uptrend is expected.
  • We make sure when the resistance at 0.0049000 breaks.
  • If the support at 0.0033500 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 0.00334 on 11/21/2020, so more gains to resistance(s) 0.00440 and maximum to Major Resistance (0.00490) 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 43.

Take Profits:

  1. 0.00440
  2. 0.00490
  3. 0.00560
  4. 0.00675
  5. 0.00750
  6. 0.00865
  7. 0.01000
  8. 0.01250
  9. 0.01500
  10. 0.01700
  11. 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.