ZEC was in an upward channel and broke out of this channel on the 4H.
A rising wedge then developed and ZEC broke under support and back into the triangle. In addition a bearish H & S formed.
We can also see bearish divergence on the RSI . (HH and LH)
Target set slightly less than height of the rising wedge formation and SL set above the channel.
A rising wedge then developed and ZEC broke under support and back into the triangle. In addition a bearish H & S formed.
We can also see bearish divergence on the RSI . (HH and LH)
Target set slightly less than height of the rising wedge formation and SL set above the channel.
Note
SL Hit.
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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.