ZEC USDT (Poloniex) Long Entry
Keeping in mind the relative small size of the crypto market, once this bear cycle has finished, an even stronger bull market will emerge in the wake of the imminent new money. ZEC has finally completed a near perfect .78 fib retracement and is just beginning to settle back into its primary support channel, this provides opportunity for both seasoned day traders and rookie HODLers alike. For intra-day traders wait for the next dip to support, it may help to use the pitchfork tool to establish clear buy/sell boundaries. Long term HODL'ers can utilize any entry in the buy zone. Patient traders who wait for it to settle deeper into the channel will be rewarded with slightly increased gains in the near term. For the super conservative, watch from the sidelines until we complete the wedge and buy the breakout. I will be entering this trade soon and will be updating as it develops. No matter the strategy we must keep a wary eye on BTC as even the most resistant alts still move sympathetically.
Good luck to all!
Good luck to all!
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