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Weekly forecast Zcash / Bitcoin technical chart
Symbol ZECBTC

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Trade Setup

#ZECBTC
Total Profit: 59 pip (20%)
Closed trade(s): 11 pip Profit (4%)
Open trade(s): 48 pip Profit (16%)

Trade Setup:
We opened 9 BUY trade(s) @ 0.00289 based on 'Valley' entry method at 2021.08.01.

Closed Profit:
TP1 @ 0.00300 touched at 2021.08.02 with 11 pip Profit (4%).

Open Profit:
Profit for one trade is 0.00295(current price) - 0.00289(open price) = 6 pip (2%)
8 trade(s) still open, therefore total profit for open trade(s) is 6 (2%) x 8 = 48 pip (16%)

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.

DateAugust 3, 2021 - 16:14
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.0025000, beginning of uptrend is expected.
  • We make sure when the resistance at 0.0035000 breaks.
  • If the support at 0.0025000 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.
  • A trough is formed in daily chart at 0.00255 on 07/28/2021, so more gains to resistance(s) 0.00300 and maximum to Major Resistance (0.00350) 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 50.

Take Profits:

  1. 0.00300
  2. 0.00350
  3. 0.00400
  4. 0.00450
  5. 0.00500
  6. 0.00600
  7. 0.00650
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