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ZECUSD next leg down behind Alts
Zcash
Short
ZECUSD next leg down behind Alts
By TomKirk
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Updated
Aug 12, 2018
1
Aug 11, 2018
-9 Week horizontal range
-Significant $150 handle
-Responsive 50SMA on the daily with imminent 50/200SMA crossover on H6
-Measured move 68.47
30 basis points of risk planned
Orders not entered over weekend in thin markets
Aug 12, 2018
Note
Sell stop order @ 146.87
SL @ 162.58
TP @ 70.06
Aug 13, 2018
Trade active
Order filled
Aug 13, 2018
Note
Could this spell larger implications? The complete failing of this coin perhaps?
Aug 16, 2018
Note
Stop @ 147.57
Chart Patterns
Rectangle
Trend Analysis
TomKirk
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