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Wednesday, January 19, 2022

ZEC is Approaching Near to Multi-Year Support

ZEC is Approaching Near to Multi-Year Support

Zcash / TetherUS BINANCE:ZECUSDT

The Back Ground and Multi-Year Trend Line
After making an ATH of 370$, it shed almost 77% of its gains, a massive downward move. It almost loses 92 of value which is gained in the bull run. And after that, in the next attempt, it again touches the 305$ level, and history is repeating itself; it's near to shed 92% of its last bull run gains. On the downside, a multiyear well-established ascending trend line holds the price upward, and the price is rejected from this level five times, which proves its strength. Furthermore, RSI is near the oversold level, and it bounces back every time it comes to this level. Lastly, it's trading within a wedge , and the price is hovering near the support zone .

Point:
Price reaches the multiyear support, which is also a lower level for the wedge . RSI is hovering near the oversold level, and every time in the past, we see a bounce back from this level, and the bull run starts from here.

Pay Attention
It will be a good buying opportunity when the price visits the 0. 40 level but pay close attention to the daily close; it should not breach the lower level. Rejection and its confirmation from this level open the doors for a new medium-term bull run that leads the price to TP1 (280$)

Risk / Reward and Holding Period
On the downside, the only risk is BTC breaking below $40K that can pull the price of ZEC below its multiyear support line. Instead of stop-loss DCA is recommended @ 80$, well there are few chances that it falls to this level. Hold it for atleast one quarter to get Return where the first target is 280$

It is not financial advice; always do your research.
Please, feel free to ask your question; write it in the comments below, and I will answer.



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FOREX-Dollar supported by high yields ahead of Fed meeting - Nasdaq

FOREX-Dollar supported by high yields ahead of Fed meeting  Nasdaq

source https://www.nasdaq.com/articles/forex-dollar-supported-by-high-yields-ahead-of-fed-meeting

AAVEUSDT

AAVEUSDT

AAVE / TetherUS BINANCE:AAVEUSDT

Hello Crypto Lovers,

Mars Signals team wishes you high profits.

We are in the 4-hour time frame. You can see a Butterfly pattern which is formed and now the price is making its pullback to the S1 line. You can set the Buy order there for the R1 line. If the S1 line does not support the price, it will fall down to the S2 line where it can make a pullback on the way down too. The S2 line is also a good area to buy. You will need to wait for the price to stabilize above either of these lines and then enter the Long position.

Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.

Wish you luck



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GBP/USD Forex Signal: Sterling Sell-Off Not Over Yet - DailyForex.com

GBP/USD Forex Signal: Sterling Sell-Off Not Over Yet  DailyForex.com

source https://www.dailyforex.com/forex-technical-analysis/2022/01/gbpusd-forex-signal-sterling-sell-off-not-over-yet-january-19-2022/173579

Dot can lose half of its value

Dot can lose half of its value

DOT / Dollar BITFINEX:DOTUSD

Like a lot of coins, Dot is not feeling good as well
After a run that started in July and ended with a new ATH in first days of November, Dot has started to roll back and now is trading exactly in the horizontal support
The price action from September by now can be also viewed as a large H&S and a break under the neck-line could accelerate losses.
If the selling pressure in the crypto market continues, I would net be surprised for this coin to drop to 10-12 support zone .
Only price back above 32 would put a pause to this bearish scenario.



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