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Weekly forecast Zcash technical chart
Symbol ZECUSD

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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.

DateSeptember 12, 2019 - 18:49
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 26.50, beginning of uptrend is expected.
  • We make sure when the resistance at 80.10 breaks.
  • If the support at 26.50 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The Rising Wedge taking shape and as a bearish pattern suggests we will soon see another leg lower if price breaks and closes below uptrend.
  • There is a divergence in RSI and price between the trough at 47.6 on 2019-08-17 and the trough at 43.8 on 2019-08-29, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 43.80 on 09/01/2019, so more gains to resistance(s) 48.50, 56.15, 63.20 and maximum to Major Resistance (80.10) 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 35.

Take Profits:

  1. 56.15
  2. 63.20
  3. 73.65
  4. 80.10
  5. 91.00
  6. 100.65
  7. 120.70
  8. 137.55
  9. 150.00
  10. 173.40
  11. 220.60
  12. 328.65
Click on the level to view price action history.

Symbol Released Current Forecast
Zcash (ZECUSD) Sat, 23 Mar 2024
Zcash (ZECUSD) free Sun, 17 Mar 2024
Zcash (ZECUSD) Sun, 10 Mar 2024
Zcash (ZECUSD) Sun, 3 Mar 2024
Zcash (ZECUSD) Sat, 24 Feb 2024