ZECUSD IHS Long TargetsBuy - ZECUSD
Pattern: Inverse Head and Shoulders
Neckline: 66
Entry: 66
Target: 77
Stop: 62
RR: 3.36
ZECUSD pair completed its correction phase after retracing back to the %38 fib level. Based on the recent historical data, upward waves on ZEC continues until 1.414 fib extension. The price has formed an Inverse Head and Shoulders pattern on the 4h chart. A wise play would be entering at the neckline. I got my entry at 66.14 it was a little bit early entry with some drawdown but until now it worths the risk. We should watch closely the price action at $70 to see how the price will react to the psychological/historical resistance. Considering the strength of the current bull market, I'm expecting a mid-term target of $97 and long-term target of $123. I will hold on to this position based on future price action.
ZECUSD
Watch Zcash tomorrow ZECUSDT +7% today.
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ZCASH - Sleeping Giant (100% Gains)I am a budding FOREX/ CRYPTO trader, with much of my experience coming from trading CRYPTO markets since 2016. In my Full Trade Setups I provide the Market sentiment, Entry Strategies, Stop Loss and Target Points for the Category of trade I will be posting. Discussion section is included to point out to the Fundamental Outlook.
--- FULL TRADE INFO ----
Category : Mid Term --- Spot Trade --- ALTCOIN-USD Pair.
Entry : Enter now or Wait for Breakout of Wedge and retest.
Target Zone : 100 - 120$ $ (Weekly Resistance Zone)
stop loss : 1 whole body close below $65
Market Sentiment : Zcash has broken the long term dowtrend line and is forming a monthly scale cup and handle formation. The first ever halving is also around Sept-Oct 2020, so a strong front running of price is expected.
--- END ---
Discussion : Given the BTC printed a bullish weekly HH disregarding most of the bearish case in coming months, this potential ZCASH setup with upcoming halving has high chance to play out.
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ZECUSD Continuation & Consolidation patternI had to drill down to Hourly chart to see what is going on with Zcash. While the majority of the coins are going up, zcash is on the opposite trend. Zooming in, we are in a bullish setup where 1H is showing descending wedge, which is a bullish consolidation pattern, once this break to the upside, we can see upward of $87.
PULLBACK INFO AND BUY BUY BUY BUY BUY!!!!!Hello guys,
So this is the 4th post i will be making as i made post every 4days. The first 3 post i made was 90% accurate results as yesterday i mentioned about the pullback when it reach 70$ and in an instant it blew down
as stated on my post it will play around 65-67$ which is our buying period. Are you ready to go up to 80$ in a full swing???? BUY BUY BUY BUY!!!!!
Please let me know what you think!!!!!