Long

ZECXBT: Bottom spotted

Updated

I think there's good odds that is the end of the ZECXBT pullback, so I expect a sharp rally starting tomorrow. I've been accumulating for some time, and my average entry is quite good, and currently in profit, so I am willing to let it run to see if we trigger a new uptrend, in which case I would be adding shorter term trades, aiming to capture the potential upside the chart implies here.

From the fiat chart, we also get good signals, showing strong hands are holding the market up.
It's just awaiting a catalyst to take off, so, I will continue to hold and rebalance my positions for now.

Best of luck,

Ivan Labrie.

Note

Note

Great.

Note

Time at mode does certainly work...now we need to see if it continues to validate our thesis with further post pattern confirmation. Hold longs!
I mean HODL :p

Note

Looks good. Today's close is instrumental in the daily trend continuation. Else we'll range for a while longer.

Note

We'd need a close above 0.06 and holding there for a couple more days to trend up.
The top was the key level in orange for now.

Note

Back at support. I'm holding, you could look to add here, with BTC if you don't have a 20-25% position yet.

Note

Matter of time before the ratio chart confirms a rally too. Fiat already did.

Note

It might take longer to break out and trend but it remains well supported, so we will hold and buy dips perhaps.

Note

We topped at the target zone...nice going if you had longs.

Note

Closing on May 24 wasn't all that bad.

IvanLabrie

🔒Want to dive deeper? Check out my paid services below🔒

ivanlabrie.substack.com/

Also on:

Related publications

Zcash: Potentially catching up with DASH and XMR

by IvanLabrie

ZEC/DASH+XMR: Probably good to swap your XMR and DASH for ZEC

by IvanLabrie

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.