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Weekly forecast Zcash technical chart
Symbol ZECUSD

Download MT4 template file

Trade Setup
#ZECUSD
Total Profit: 23233 pip
Closed trade(s): 4321 pip Profit
Open trade(s): 18912 pip Profit

Trade Setup:
We opened 15 BUY trade(s) @ 51.13 based on 'Two Day Reversal Candle' entry method at 2019.03.05.

Closed Profit:
TP1 @ 58.05 touched at 2019.03.20 with 692 pip Profit.
TP2 @ 64.75 touched at 2019.04.02 with 1362 pip Profit.
TP3 @ 73.80 touched at 2019.04.03 with 2267 pip Profit.
692 + 1362 + 2267 = 4321 pip

Open Profit:
Profit for one trade is 66.89(current price) - 51.13(open price) = 1576 pip
12 trade(s) still open, therefore total profit for open trade(s) is 1576 x 12 = 18912 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 58.05 is broken, we will close open trades.

DateMay 14, 2019 - 11:59
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 58.05, beginning of uptrend is expected.
  • We make sure when the resistance at 91.30 breaks.
  • If the support at 58.05 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 58.05 is broken.

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.
  • A trough is formed in daily chart at 58.85 on 04/29/2019, so more gains to resistance(s) 73.80 and maximum to Major Resistance (91.30) 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. 58.05
  2. 64.75
  3. 73.80
  4. 91.30
  5. 106.70
  6. 127.65
  7. 157.05
  8. 184.90
  9. 220.60
  10. 260.10
  11. 328.65
  12. 375.70
  13. 503.10
  14. 785.80
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
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Zcash (ZECUSD) Sat, 24 Feb 2024