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Weekly forecast Zcash technical chart
Symbol ZECUSD

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Trade Setup
#ZECUSD
Total Profit: 36289 pip
Closed trade(s): 36289 pip Profit
Open trade(s): 0 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

Closed Profit:
Profit for one trade is 76.54(current price) - 51.13(open price) = 2541 pip
11 trade(s) closed at market price as the major support is broken, therefore total profit will increase by 2541 x 11 = 27951 pip

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (67.65 to 63.15). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (67.65)
    • Resistance on 12/23/2018
    • Support on 04/03/2019
    • Support on 04/11/2019
    • Support on 04/12/2019
    • Support on 04/14/2019
    • Support on 04/17/2019
    • Support on 04/21/2019
    • Support on 04/22/2019
    • Resistance on 05/14/2019
    • Support on 05/23/2019
  • Ending of entry zone (63.15)
    • Support on 11/25/2018
    • Support on 11/26/2018
    • Support on 11/27/2018
    • Resistance on 12/09/2018
    • Resistance on 12/10/2018
    • Resistance on 12/19/2018
    • Support on 12/23/2018
    • Resistance on 12/27/2018
    • Resistance on 01/05/2019
    • Resistance on 01/06/2019
    • Resistance on 01/07/2019
    • Resistance on 01/08/2019
    • Resistance on 01/09/2019
    • Resistance on 01/10/2019
    • Resistance on 03/20/2019
    • Support on 04/02/2019
    • Support on 04/24/2019
    • Support on 04/26/2019
    • Support on 04/27/2019
    • Resistance on 04/30/2019
    • Support on 05/03/2019
    • Support on 05/04/2019
    • Resistance on 05/07/2019
    • Resistance on 05/11/2019
    • Resistance on 05/12/2019

DateJune 11, 2019 - 17:53
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 an uptrend wave above 44.85 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.
  • While the RSI support #1 at 50 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 84.60 on 06/08/2019, so more losses to support(s) 77.90, 73.80, 67.65 and minimum to Major Support (44.85) 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 53.

Take Profits:

  1. 73.80
  2. 91.30
  3. 106.70
  4. 127.65
  5. 157.05
  6. 184.90
  7. 220.60
  8. 260.10
  9. 328.65
  10. 375.70
  11. 503.10
  12. 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