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Weekly forecast Zcash technical chart
Symbol ZECUSD

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Trading suggestion:

Price is in the Trend Hunter Buy Zone (43.80 to 33.80).

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
    • 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
    • Support on 09/23/2019
  • 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
    • Support on 09/24/2019
    • Support on 09/25/2019
    • Support on 09/26/2019
    • Support on 09/27/2019

DateNovember 12, 2019 - 22:25
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 26.50, beginning of uptrend is expected.
  • We make sure when the resistance at 53.40 breaks.
  • If the support at 26.50 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 47.6 on 2019-08-17 and the trough at 30.2 on 2019-09-24, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 31.95 on 10/23/2019, so more gains to resistance(s) 43.80, 48.50 and maximum to Major Resistance (53.40) 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 46.

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) new Sun, 5 Jul 2020
Zcash (ZECUSD) Sun, 28 Jun 2020
Zcash (ZECUSD) free Mon, 22 Jun 2020
Zcash (ZECUSD) Mon, 15 Jun 2020
Zcash (ZECUSD) Mon, 8 Jun 2020