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Weekly forecast Zcash / Bitcoin technical chart
Symbol ZECBTC

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Trade Setup
#ZECBTC
Total Profit: -119 pip (-49%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): -119 pip Profit (-49%)

Trade Setup:
We opened 7 BUY trade(s) @ 0.00254 based on 'Valley' entry method at 2021.02.01.

Open Profit:
Profit for one trade is 0.00237(current price) - 0.00254(open price) = -17 pip (-7%)
7 trade(s) still open, therefore total profit for open trade(s) is -17 (-7%) x 7 = -119 pip (-49%)

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.

DateFebruary 7, 2021 - 22:47
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.0016000, beginning of uptrend is expected.
  • We make sure when the resistance at 0.0033500 breaks.
  • If the support at 0.0016000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • While the RSI support #2 at 40 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 0.00228 on 01/28/2021, so more gains to resistance(s) 0.00290 and maximum to Major Resistance (0.00335) 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 41.

Take Profits:

  1. 0.00290
  2. 0.00335
  3. 0.00435
  4. 0.00535
  5. 0.00665
  6. 0.00865
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