ZECUSD COMMENTS
This market seems to be forming a Double Top, which predicts a future drop in price. Also the EMAs, both (200) and (50), are below the bar trend, this means if the EMAs were to level with the bar trend there would be a downtrend in price of the coin. It is safer to put the Target price not too far from the range of the Double Top, the Stop Loss is placed just above the neckline of the possible Double Top.
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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.