Zcash / TetherUS PERPETUAL CONTRACT
Short
Updated

ZEC forming riseing wedge around resistance

79
ZEC has formed a rising wedge with a pattern completed around resistance, that's a good sign for confirmation, it is trying now to rise again but expecting that to be a false break, so shorting in teh current market situation is in favor right now.
Trade closed: target reached
As we expected, it broke falsely upon resistance and then dropped so hard!

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.