Zcash (ZEC) Analysis Updated 07/03/2021
Updated
this is an update of Zcash Analysis which we did on 01/02/2021
as we can see our Hidden Bullish Divergence Implemented, price made a rally and higher high, touched the TP Zone Green Box, where we had our 161.8% level Fibonacci projection Triggered.
price corrected itself and retraced down to the past ATH and Top of our Ascending Channel, so we got our confirmation for the 261.8% level of the same Fibonacci Projection, which is our new higher TP (250USD)
as of now we have total of 3 targets where the 1 TP is the 161.8% of the same Fibonacci Projection where it is very obvious and 2 TP is also well confirmed now.
we can target the 3 TP (315USD), after a retracement from 2TP or if the Bull pressure was high, we can simply Trill our Stop Loss and target our ultimate Target.
i have linked the previews analysis too.
as we can see our Hidden Bullish Divergence Implemented, price made a rally and higher high, touched the TP Zone Green Box, where we had our 161.8% level Fibonacci projection Triggered.
price corrected itself and retraced down to the past ATH and Top of our Ascending Channel, so we got our confirmation for the 261.8% level of the same Fibonacci Projection, which is our new higher TP (250USD)
as of now we have total of 3 targets where the 1 TP is the 161.8% of the same Fibonacci Projection where it is very obvious and 2 TP is also well confirmed now.
we can target the 3 TP (315USD), after a retracement from 2TP or if the Bull pressure was high, we can simply Trill our Stop Loss and target our ultimate Target.
i have linked the previews analysis too.
Trade closed: target reached
1 and 2 Targets AchievedTrade closed: target reached
3 Target Achieved
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