Zcash / Tether USD
Long
Updated

Zcash: Double Bottom In the Making

1 900
Zcash is looking to break the bear trend line and rocket upward to complete a double bottom pattern once past 313 USD. It is bullish now; a few days after the ZECBTC pair closed outside the 1D bollinger bands and left it's accumulation zone.
snapshot
For this ZECUSD pair, watch for both a breakout of bear trend line and also a close outside 1D bollinger bands.
Trade active
Note
ZECUSD Fib ext shows target being 161.8 fib snapshot
Trade closed: target reached

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.