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Weekly forecast Zcash / Bitcoin technical chart
Symbol ZECBTC
Trade Setup

#ZECBTC
Total Profit: 978 pip (338%)
Closed trade(s): 552 pip Profit (191%)
Open trade(s): 426 pip Profit (147%)

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%).
TP2 @ 0.00347 touched at 2021.08.24 with 58 pip Profit (20%).
TP3 @ 0.00400 touched at 2021.11.22 with 111 pip Profit (38%).
TP4 @ 0.00450 touched at 2021.11.24 with 161 pip Profit (56%).
TP5 @ 0.00500 touched at 2021.11.25 with 211 pip Profit (73%).
11 (4%) + 58 (20%) + 111 (38%) + 161 (56%) + 211 (73%) = 552 pip (191%)

Open Profit:
Profit for one trade is 0.00431(current price) - 0.00289(open price) = 142 pip (49%)
3 trade(s) still open, therefore total profit for open trade(s) is 142 (49%) x 3 = 426 pip (147%)

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 0.0034700 is broken, we will close open trades.

DateNovember 28, 2021 - 12:12
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 0.0034700 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 0.0034700 is broken.

Technical analysis:

  • A peak is formed in daily chart at 0.00515 on 11/26/2021, so more losses to support(s) 0.00400 and minimum to Major Support (0.00347) 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 64.

Take Profits:

  1. 0.00300
  2. 0.00347
  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