ZCOIN 2H Chart 40% Short Term 100 - 200% Long Term Elliot Wave
Updated
Here is another trade for everyone! In my trades I am hoping to find quick gainers for folks looking for short investment cycles as well as trades that can be held for long term higher returns. I intend to provide entry points, trade targets, profit gathering plans and stop losses. These trades are based on chart research, technical analysis , and current media/ market perceptions. I advise how I plan to take my unrealized gains(profit) from the trade until I have recouped all my initial investment. At this point you will be trading on house money.I also will point out at which point you can take the initial profit as suggested by the chart for quick gains. As always this is my trade opinion and the strategy i am implementing for my trades. Do your own research and never risk more then you can afford to loose. Please feel free to ask me questions and or comment your thoughts on my ideas.
Thank You & Good Luck!!
This trade will begin once we have conformation of the support line and point 4 I anticipate it will be at .00702379 or above. I will update once this is confirmed to start the trade. This coin has pulled back past 50% Fib since its last recent high and is hovering around the Golden Zone of 62% correction which is a deep correction and a very bullish indicator.
Entry Point .00702379 to .00741102
2) Target .00761102 (.382 FIB)
3) Target .00837861 (.5 FIB) Take Profit 20%
4) Target .00914620 (.618 FIB) Take Profit 25%
5) Target .01023905 (.786 FIB) Take Profit 25%
6) Target .01163113 (1 FIB)Take Profit 30% (House Money Now)
7) Target .01565122 (1.618 FIB)
8) Target .02215623 (2.618 FIB)
Stop Loss .00550000 20% +/-
Close trade at .00975000 for 40% Gain
Remember to evaluate using your risk model and trading plan. This is a short term/ longterm trade. Patience is the Key! As always I will follow this trade and update it along the way!
Thank You & Good Luck!!
This trade will begin once we have conformation of the support line and point 4 I anticipate it will be at .00702379 or above. I will update once this is confirmed to start the trade. This coin has pulled back past 50% Fib since its last recent high and is hovering around the Golden Zone of 62% correction which is a deep correction and a very bullish indicator.
Entry Point .00702379 to .00741102
2) Target .00761102 (.382 FIB)
3) Target .00837861 (.5 FIB) Take Profit 20%
4) Target .00914620 (.618 FIB) Take Profit 25%
5) Target .01023905 (.786 FIB) Take Profit 25%
6) Target .01163113 (1 FIB)Take Profit 30% (House Money Now)
7) Target .01565122 (1.618 FIB)
8) Target .02215623 (2.618 FIB)
Stop Loss .00550000 20% +/-
Close trade at .00975000 for 40% Gain
Remember to evaluate using your risk model and trading plan. This is a short term/ longterm trade. Patience is the Key! As always I will follow this trade and update it along the way!
Note
This chart still looks great, even better now that BTC gave us even more room for profit. New entry point at .00639623Note
Still seeing consolidation and horizontal movement. New entry point for this trade.Entry .00644000 - .00741102
Reload for more profit.
Note
right now with this market wide correction I am holding all my trades. Altcoins have made some good rebounds since the sell off first of the week. I feel like BTC needs to give us better signals before we can figure out the alts exactly. I will be updating all my trades I am following this weekend. I should be able to give a much better analysis by then. For now hold with patience. Thanks
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