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Weekly forecast Zcash technical chart
Symbol ZECUSD

Download MT4 template file

Trade Setup
#ZECUSD
Total Profit: 47212 pip
Closed trade(s): 8338 pip Profit
Open trade(s): 38874 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.
TP4 @ 91.30 touched at 2019.05.30 with 4017 pip Profit.
692 + 1362 + 2267 + 4017 = 8338 pip

Open Profit:
Profit for one trade is 86.47(current price) - 51.13(open price) = 3534 pip
11 trade(s) still open, therefore total profit for open trade(s) is 3534 x 11 = 38874 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.

DateJune 3, 2019 - 21:58
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 91.30 would begin in Midterm.

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.
  • The RSI bounced from the resistance #1 at 70 and it prevented price from more gains.
  • A trough is formed in daily chart at 67.66 on 05/23/2019, so more gains 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 64.

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
Zcash (ZECUSD) Sun, 3 Mar 2024
Zcash (ZECUSD) Sat, 24 Feb 2024