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Weekly forecast Zcash technical chart
Symbol ZECUSD

Download MT4 template file

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (91.30 to 87.60). 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 (91.30)
    • Support on 05/09/2017
    • Support on 05/10/2017
    • Support on 05/16/2017
    • Support on 05/17/2017
    • Support on 05/18/2017
    • Resistance on 11/29/2018
    • Resistance on 11/30/2018
    • Resistance on 05/30/2019
    • Resistance on 06/01/2019
    • Resistance on 06/12/2019
    • Resistance on 06/13/2019
    • Resistance on 06/14/2019
  • Ending of entry zone (87.60)
    • Support on 04/29/2017
    • Support on 05/17/2017
    • Support on 05/18/2017
    • Resistance on 12/01/2018
    • Resistance on 05/28/2019
    • Resistance on 05/29/2019
    • Resistance on 05/30/2019
    • Resistance on 06/04/2019
    • Support on 06/15/2019
DateJune 20, 2019 - 19:13
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • While the price is above the support 83.00, continuation of uptrend is expected.
  • We make sure when the resistance at 115.60 breaks.
  • If the support at 83.00 is broken, the short-term forecast -continuation of uptrend- will be invalid.

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 trough is formed in daily chart at 75.40 on 06/10/2019, so more gains maximum to Major Resistance (115.60) 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 75.

Take Profits:

  1. 91.30
  2. 98.00
  3. 105.95
  4. 115.60
  5. 127.65
  6. 157.05
  7. 184.90
  8. 220.60
  9. 260.10
  10. 328.65
  11. 375.70
  12. 503.10
  13. 785.80
Click on the level to view price action history.
Symbol Released Current Forecast
Zcash (ZECUSD) Sat, 13 Apr 2024
Zcash (ZECUSD) Sat, 6 Apr 2024
Zcash (ZECUSD) Sun, 31 Mar 2024
Zcash (ZECUSD) Sat, 23 Mar 2024
Zcash (ZECUSD) free Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on ZECUSD.