ZcashLong
ZEC/USD Long Position, Positive Sign for Upwards Movement
After breakout ZEC/USD is holding strong.
Analyse
Resistance became new support.
RSI respecting trendline and MACD shifting in upwards movement.
Expect Upwards Movement in upcoming 2-4 weeks.
Expectation:
Atleast hitting resistance of 320 dollar before 30 April.
Maybe hit 190 dollars and bounce a bit back and push trough resistance to 230 dollars, then bounce back from 230 and go to 320 dollars. Maybe it will go at once, depends on the power of the bulls.
It would be healthier if it hit resistance, came back to lower end of the channel for catching breath to steam upwards. Otherwise it will be too much of pumping, and what goes up fast. comes down with the same speed.
Position to hold = LONG.
*Not financial advise, tip for more charts*
Analyse
Resistance became new support.
RSI respecting trendline and MACD shifting in upwards movement.
Expect Upwards Movement in upcoming 2-4 weeks.
Expectation:
Atleast hitting resistance of 320 dollar before 30 April.
Maybe hit 190 dollars and bounce a bit back and push trough resistance to 230 dollars, then bounce back from 230 and go to 320 dollars. Maybe it will go at once, depends on the power of the bulls.
It would be healthier if it hit resistance, came back to lower end of the channel for catching breath to steam upwards. Otherwise it will be too much of pumping, and what goes up fast. comes down with the same speed.
Position to hold = LONG.
*Not financial advise, tip for more charts*
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