ZEC/USD - Short (short-term trade)
Updated
After triple top, there is time for a little correction. We have touched 3rd time green zone, but now, the market has no power to make close over the green zone.
We can see a MACD and RSI bearish divergence. The value is getting higher (top), but the indicators are getting lower. They are making a lower lows, but the market has marked a new top at the level 232 USD. This is a strong bearish signal, here are the instructions.
Short zone: 225-214 USD
TP:1) 210 USD
2) 200 USD
Stop Loss: 233 USD
We can see a MACD and RSI bearish divergence. The value is getting higher (top), but the indicators are getting lower. They are making a lower lows, but the market has marked a new top at the level 232 USD. This is a strong bearish signal, here are the instructions.
Short zone: 225-214 USD
TP:1) 210 USD
2) 200 USD
Stop Loss: 233 USD
Trade active
The signal is still valid, till the trendline on RSI is below the value. When value breaks the trendline, the signal is not valid.
When we look at the chart, we can see trendline. There is still chance it will be broken and then we will reach our first goal.
Now, things depend on Bitcoin development.
Trade closed: target reached
We have reached our first target at the 210 USD. The market looks good for us, so I hope we will reach the second target at the level 200-201 USD also. Set your Stop loss to breakeven- short zone was 225-214. Let's to make our trade risk free. Easy money. GL guys and congratulate.
Trade closed: target reached
We have reached our second target at the level 201 USD. This trade is now closed.
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