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Zcah

A Great Trading Opportunity to Buy in Zcash / Ethereum ...Technical analysis: . ZCASH/ETHEREUM is in a Range Bound and Beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 64. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (0.390 to 0.329). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. . Beginning of entry zone (0.390) . Ending of entry zone (0.329) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.518 TP2= @ 0.565 TP3= @ 0.710 TP4= @ 0.828 TP5= @ 0.946 TP6= @ 1.049 TP7= @ 1.252 TP8= Free
Long
by ForecastCity
2
ZECUSD completing a C wave and potentially surging by 106% afterZcash is currently completing a C wave out of the WXY correction, which is also a handle from a larger cup and handle pattern. C wave should hit 260$ target if this scenario plays out as projected, which is a 0.786 Fibonacci extension which matches the 0 Fibonacci retracement level on 06.02.2018, so it will be a solid support. A handle in which the price is currently is a wave 2 out of the larger count, so my analysis is bullish overall, with the target around 561$ or 106% increase in price. If you would open a long position at the levels of C target at 260$, put your stop loss at the next below Fibo extension level at 246$ and set take profit at the projected wave V, your risk to reward would be 20.88!
BITFINEX:ZECUSDLong
by drumsta