ZenCash Critical Point : Waiting For ConfirmationSince its listing on Binance ZenCash has showed a fair performance recording its lowest at 2528 sats on the platform. If a double bottom is confirmed on the 1D chart we might see a good leg up trend move with a continuation of the 3rd elliott wave rally. RSI looking good at 48. Volume need to increase some move upwards. As it is described if the candle close above that point on the intersection we will have confirmation. For now accumulate with a small amount of your portfolio And do consider to use a strict stop loss orders after accumulating and before that accumulate using risk management and partial buy orders.
Entry Zone : 300000 sats - 333000 sats
Stop Loss : 258000 sats
Possible Targets
Short Term :
T1 : 341200 sats
T2 : 363700 sats
T3 : 378300 sats
T4 : 394900 sats
T5 : 418500 sats+
Mid / Long Term
T1 : 364800 sats
T2 : 39900 sats
T3 : 433900 sats
T4 : 482000 sats
T5 : 544000 sats
Good Luck.
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