There is really good opportunity to go long on ZCASH, with high reward and minimal risk.
The buying zone should be in the range 250-260. The first target is 276, if the bitcoin is steady we can easily get the 298. My stop-loss is 245.
Personally I sell zcash in the range 298 till 300, because 300 is a hard resistance level and I will look for a new buy in to go to even maybe 420.
ZCash is getting pumped and dumped a lot, so when you trade it watch the bitcoin price. When bitcoin drops, it's likely zcash also drops.
The buying zone should be in the range 250-260. The first target is 276, if the bitcoin is steady we can easily get the 298. My stop-loss is 245.
Personally I sell zcash in the range 298 till 300, because 300 is a hard resistance level and I will look for a new buy in to go to even maybe 420.
ZCash is getting pumped and dumped a lot, so when you trade it watch the bitcoin price. When bitcoin drops, it's likely zcash also drops.
Trade active
Slowly we gonna break out the triangle! It's looking good.Note
We're still waiting for the breakout. If we see bitcoin break the 2500 resistance level, it probably push Zcash over 260 and we're going upwards.We also still have good support at 250-254 usd zone with zcash.
Trade closed: stop reached
The stop of 245 was reached. We're looking for a new buy in. But if we do so, we need confirmation about a new breakout. We will buy at the price of 244, so we know for sure it's a trend reversal.
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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.