ZENBTC same cycle likely to repeat again| Upto 803% potential
Lets have a brief look at the ZEN with Bitcoin pair:
Then:
In the month of Jan 2019 the MACD turned strong bullish before golden cross of 25 simple moving average with 50 simple moving average.
In the month of Feb 25 SMA crossed down the price action and formed a golden cross with 50 SMA and pushed the priceline to the resistance of channel.
Now:
The same cycle is likely to repeat again.
25 SMA again crossing down the price action to form a golden cross with 50 SMA which will push the price action to breakout the resistance.
100 SMA is ready to form a golden cross with 50 SMA in case of breakout from the resistance of channel which will produced more powerfull bull thrust that can push the price action even beyond the 0.786 fibonacci (the end of sell zone is i have defined on chart).
Volume profile of complete channel is showing very low interest of traders below the support of channel.
I have defined Fibonacci sequence to set the sell targets as below:
Sell between: 0.0018685 to 0.0034417:
Regards,
Atif Akbar (moon333)
Then:
In the month of Jan 2019 the MACD turned strong bullish before golden cross of 25 simple moving average with 50 simple moving average.
In the month of Feb 25 SMA crossed down the price action and formed a golden cross with 50 SMA and pushed the priceline to the resistance of channel.
Now:
The same cycle is likely to repeat again.
25 SMA again crossing down the price action to form a golden cross with 50 SMA which will push the price action to breakout the resistance.
100 SMA is ready to form a golden cross with 50 SMA in case of breakout from the resistance of channel which will produced more powerfull bull thrust that can push the price action even beyond the 0.786 fibonacci (the end of sell zone is i have defined on chart).
Volume profile of complete channel is showing very low interest of traders below the support of channel.
I have defined Fibonacci sequence to set the sell targets as below:
Sell between: 0.0018685 to 0.0034417:
Regards,
Atif Akbar (moon333)
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