RSI crossed on 2H chart. Now we are waiting for break out the triangle. Assuming ZEC is going to touch bottom support line at 0.0331 and then make the break. If MACD will be crossed as well, it is good signal for long position.
Note that there are a strong resistant line at 0.0445 which ZEC can't break several weeks.
Buy at 0.0332
Sell at 0.0445
Stop-loss at 0.0295
Note that there are a strong resistant line at 0.0445 which ZEC can't break several weeks.
Buy at 0.0332
Sell at 0.0445
Stop-loss at 0.0295
Trade active
Expecting Zcash will reach the target in a day-two.
If it consolidates the progress above 0.044 there will be new buy opportunity at 0.455 with target 0.06
Note
Note: i would change active target from 0.0445 to 0.0436 as this support line is more accurate than 0.0445.Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.