Zcash / BitcoinLong
ZEC downward channel breakout, retest, and pump
Updated
Alt Season went through another temporary bear cycle while bitcoin danced around 9-10k for the last month.
Now that bitcoin is building an extended triangle staying within 10500 - 12500 we will see some moves on quality Alt Coins.
Reward: Stoploss and Takeprofit are set with 2x reward.
Duration: Expected trade duration 2-5 days
Sentiment: Bearish with new lows on Weekly
Now that bitcoin is building an extended triangle staying within 10500 - 12500 we will see some moves on quality Alt Coins.
Reward: Stoploss and Takeprofit are set with 2x reward.
Duration: Expected trade duration 2-5 days
Sentiment: Bearish with new lows on Weekly
Trade active
Trade has been opened on recent price above White horizontal line. Price has retested white line.
Trade active
Price back at entry, this could be the actual retest of the upper channel. If confirmed we'll have a proper support levelTrade active
55.70 Stoploss at Previous Low, Still valid. Waiting on Bitcoins next move.Trade closed: stop reached
resulted in loss, stopout! 2/2 on zcash
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.