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Weekly forecast Zcash technical chart
Symbol ZECUSD

Download MT4 template file

Trade Setup
#ZECUSD
Total Profit: 47267 pip
Closed trade(s): 25749 pip Profit
Open trade(s): 21518 pip Profit

Trade Setup:
We opened 15 BUY trade(s) @ 31.32 based on 'Valley' entry method at 2020.03.30.

Closed Profit:
TP1 @ 33.80 touched at 2020.04.02 with 248 pip Profit.
TP2 @ 39.65 touched at 2020.04.09 with 833 pip Profit.
TP3 @ 48.00 touched at 2020.04.20 with 1668 pip Profit.
TP4 @ 56.15 touched at 2020.06.23 with 2483 pip Profit.
TP5 @ 63.20 touched at 2020.07.13 with 3188 pip Profit.
TP6 @ 75.60 touched at 2020.08.01 with 4428 pip Profit.
TP7 @ 91.00 touched at 2020.08.01 with 5968 pip Profit.
TP8 @ 100.65 touched at 2020.08.06 with 6933 pip Profit.
248 + 833 + 1668 + 2483 + 3188 + 4428 + 5968 + 6933 = 25749 pip

Open Profit:
Profit for one trade is 62.06(current price) - 31.32(open price) = 3074 pip
7 trade(s) still open, therefore total profit for open trade(s) is 3074 x 7 = 21518 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.
  • If the Midterm level 48.00 is broken, we will close open trades.

DateSeptember 13, 2020 - 15:50
Currentrange bound
Forecastresumption of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 48.00, resumption of uptrend is expected.
  • We make sure when the resistance at 75.60 breaks.
  • If the support at 48.00 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 48.00 is broken.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 51.00 on 09/04/2020, so more gains to resistance(s) 63.20 and maximum to Major Resistance (75.60) 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 43.

Take Profits:

  1. 33.80
  2. 39.65
  3. 48.00
  4. 56.15
  5. 63.20
  6. 75.60
  7. 91.00
  8. 100.65
  9. 120.70
  10. 137.55
  11. 150.00
  12. 173.40
  13. 220.60
  14. 328.65
Click on the level to view price action history.

Symbol Released Current Forecast
Zcash (ZECUSD) Mon, 19 Oct 2020
Zcash (ZECUSD) free Sun, 11 Oct 2020
Zcash (ZECUSD) free Tue, 6 Oct 2020
Zcash (ZECUSD) free Sun, 13 Sep 2020
Zcash (ZECUSD) Sun, 30 Aug 2020