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Weekly forecast Zcash technical chart
Symbol ZECUSD

Download MT4 template file

Trade Setup
#ZECUSD
Total Profit: -24180 pip
Closed trade(s): 0 pip Profit
Open trade(s): -24180 pip Profit

Trade Setup:
We opened 13 BUY trade(s) @ 51.19 (day close price) based on 'Valley' at 2019.09.17.

Open Profit:
Profit for one trade is 32.59(current price) - 51.19(open price) = -1860 pip
13 trade(s) still open, therefore total profit for open trade(s) is -1860 x 13 = -24180 pip

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.

DateDecember 15, 2019 - 15:15
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 25.55, beginning of uptrend is expected.
  • We make sure when the resistance at 53.40 breaks.
  • If the support at 25.55 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.
  • The RSI bounced from the support #1 at 19 and it prevented price from more losses.
  • The RSI downtrend #2 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 25.45 on 11/25/2019, so more gains to resistance(s) 33.80, 43.80, 48.50 and maximum to Major Resistance (53.40) 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 56.

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