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Weekly forecast Zcash / Bitcoin technical chart
Symbol ZECBTC
Trade Setup

#ZECBTC
Total Profit: -570 pip (-199%)
Closed trade(s): 11 pip Profit (4%)
Open trade(s): -581 pip Profit (-203%)

Trade Setup:
We opened 8 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 0.00206(current price) - 0.00289(open price) = -83 pip (-29%)
7 trade(s) still open, therefore total profit for open trade(s) is -83 (-29%) x 7 = -581 pip (-203%)

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.

DateOctober 16, 2021 - 22:49
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 0.00162, beginning of uptrend is expected.
  • We make sure when the resistance at 0.00350 breaks.
  • If the support at 0.00162 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI resistance #1 at 64 is broken, so the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 0.00345 on 09/05/2021, so more losses to support(s) 0.00196 and minimum to Major Support (0.00162) 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 31.

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) new free Sun, 28 Nov 2021
Zcash / Bitcoin (ZECBTC) free Sun, 21 Nov 2021
Zcash / Bitcoin (ZECBTC) free Sun, 14 Nov 2021
Zcash / Bitcoin (ZECBTC) Sun, 7 Nov 2021
Zcash / Bitcoin (ZECBTC) Sat, 30 Oct 2021