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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Zcash technical chart
Symbol ZECUSD

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (43.80 to 33.80). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

While the price is below the level 48.50, the probability of beginning of uptrend is too weak, so we would enter the market with buy trades based on Daily-Trading-Opportunities and a day close price above 48.50 and expect to reach short-term targets.

  • Beginning of entry zone (43.80)
    • Resistance on 12/22/2016
    • Support on 12/25/2016
    • Resistance on 12/27/2016
    • Support on 01/05/2017
    • Support on 01/07/2017
    • Resistance on 01/14/2017
    • Resistance on 01/15/2017
    • Resistance on 01/16/2017
    • Resistance on 01/21/2017
    • Resistance on 01/22/2017
    • Resistance on 01/23/2017
    • Resistance on 03/04/2017
    • Support on 03/14/2017
    • Support on 03/15/2017
    • Support on 08/29/2019
    • Support on 08/30/2019
    • Support on 08/31/2019
    • Trough on 09/01/2019
    • Support on 09/01/2019
    • Support on 09/06/2019
    • Support on 09/11/2019
    • Support on 09/12/2019
    • Support on 09/13/2019
    • Support on 09/14/2019
  • Ending of entry zone (33.80)
    • Support on 12/19/2016
    • Support on 12/20/2016
    • Resistance on 02/13/2017
    • Resistance on 02/23/2017
    • Support on 02/28/2017
    • Support on 03/10/2017
    • Support on 03/11/2017

DateMon, 09/16/2019 - 15:22
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

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.
  • While the RSI resistance #1 at 50 is not broken, the probability of price increase would be too low.
  • 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 above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 49.

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) free Mon, 25 May 2020
Zcash (ZECUSD) free Sun, 10 May 2020
Zcash (ZECUSD) Sun, 3 May 2020
Zcash (ZECUSD) Sun, 26 Apr 2020
Zcash (ZECUSD) Thu, 23 Apr 2020