ZEC gearing up for a movementMY ANALYSIS EXPLANATION
On the ZEC price chart if we insert a volume profile, we can clearly see two big distribution blocks. Price tends to move from one distribution block to an other distribution block and fill the fair value gaps in the middle, they are called low volume nodes.
After realisation of the two block we have a big probability for the price to go that block. this is the movement a trader want to catch as a trade.
After we identified this scenario we need to find a good entry. At the moment we are sitting in a block and a support combined with a bullish divergence.
This is a good entry, but first let's see the risk to reward ratio if we can get a minimum of 2:1, otherwise we wouldn't be interested in this trade.
The risk-reward, volume analysis and technical analysis criteria beautifully met, we can place a bet and put a stop loss to a level, where the structure would break.
This is my trade idea on the ZEC price chart, comment your ideas too and i hope i can help you all with my analysis and technicals. Trade safely!
