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Zcash grinding along in rising wedge
Zcash
Short
Zcash grinding along in rising wedge
By hedgewithcrypto
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Updated
Jun 15, 2018
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Jun 14, 2018
Looking at the chart of zcash against the Dollar, price is within a rising wedge pattern. The RSI is grinding up and appears to lack any conviction.
Odds favor a downward move. Targeting the 38% Fib as the first target should a breakout of the pattern occur.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Jun 14, 2018
Trade active
We have the breakout. Manage stops according to your risk appetite.
Jun 14, 2018
Trade active
I've moved stops to BE
Jun 14, 2018
Trade closed: stop reached
Out for breakeven
Jun 15, 2018
Comment
Interesting how it failed to reach the 38% Fib. Sign of strength?
Bitcoin (Cryptocurrency)
Chart Patterns
crypto
pattern
Rising Wedge
Trend Analysis
zcash
hedgewithcrypto
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