ZEC about to burst

OK, so we've got 3 indicators on a 15 min. chart that ZEC is about to burst:

1. Golden cross marked with a red eclipse and green arrow
2. Broke immediate trend line
3. Buy orders stacking up on Bitfinex BIDS: (828.4876 ZEC) vs. ASKS: (129.1559 ZEC)

If it goes over the previous high after a recent dip (marked in red horizontal line @ $473.41), we can see up to 20% increase in price from there (5 to 10% on a conservative side).

Disclaimer: I am not a financial advisor, and information I post is for educational purposes only.

Note

Expected retrace to trend line (now resistance), and up we should go again.

Note

Still above the trend line and another golden cross on a 30 min. chart.
We are going up...

Note

We've just crossed the $473.41 high from the previous bounce.
Still more room to go up...

Trade closed: target reached

There is definitely longer term potential here since ZEC is really far away from the all time high ($800) at this moment.

However, due to the fact that CME bitcoin futures termination of trading happens tomorrow (Friday) at 4pm London time, and since I am unsure if and how is this going to have an effect on the price of Bitcoin (we all know that when Bitcoin sneezes all the ALT's have a heart attack:), I am going to close this trade to lock in some profits.

I will of course continue to monitor ZEC, but I will publish a new idea for some mid to long term trading signals.

Please follow me for more trading signals to come soon.

euronash

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.

euronash