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Weekly forecast Zcash / Bitcoin technical chart
Symbol ZECBTC

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Trade Setup
#ZECBTC
Total Profit: 117 pip
Closed trade(s): 117 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 0.00254 based on 'Valley' entry method at 2021.02.01.

Closed Profit:
TP1 @ 0.00290 touched at 2021.02.11 with 36 pip Profit.
TP2 @ 0.00335 touched at 2021.02.13 with 81 pip Profit.
36 + 81 = 117 pip

5 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.00225 to 0.00195). 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 (0.00225)
    • Support on 12/24/2020
    • Resistance on 01/01/2021
    • Support on 01/29/2021
    • Support on 02/23/2021
  • Ending of entry zone (0.00195)
    • Resistance on 01/02/2021
    • Resistance on 01/04/2021
    • Resistance on 01/05/2021
    • Resistance on 01/07/2021
    • Resistance on 01/09/2021

DateMarch 4, 2021 - 23:34
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.0016000, beginning of uptrend is expected.
  • We make sure when the resistance at 0.0033500 breaks.
  • If the support at 0.0016000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI support #1 at 36 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 0.00400 on 02/13/2021, so more losses to support(s) 0.00225, 0.00195 and minimum to Major Support (0.00160) 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 44.

Take Profits:

  1. 0.00290
  2. 0.00335
  3. 0.00435
  4. 0.00535
  5. 0.00665
  6. 0.00865
Click on the level to view price action history.

Symbol Released Current Forecast
Zcash / Bitcoin (ZECBTC) Mon, 11 Mar 2024
Zcash / Bitcoin (ZECBTC) Tue, 20 Feb 2024
Zcash / Bitcoin (ZECBTC) Tue, 20 Feb 2024
Zcash / Bitcoin (ZECBTC) Tue, 30 Jan 2024
Zcash / Bitcoin (ZECBTC) Wed, 10 Jan 2024