MOE.ASX_Range Breakout and Retrace Trade_LongENTRY: 5.50
SL: 4.95
TP: 6.06
- ADX>20
- RSI>50, RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD +ve
- MA aligned
- Breakout with good volume on 14 May 2021
- Retraced with low volume but would like a tighter range instead
MOE
ZEC will guarantee the financial privacy of you and your familyThe cryptography behind Zcash is extremely advanced and allows total privacy. This coin has the potential to become THE world money, by being
1) A medium of exchange
2) A store of value
Recently, the masterminds behind Zcash -- Electric Coin Company -- announced they will to go all-in on $ZEC. electriccoin.co
It's needless to say I strongly believe in this coin, and I'm hodling it.
For short term trading, I like to keep things simple : I believe MA200 will be support and from now we will go up.
For long term view, and If you believe in the power of electronic P2P cash, definitely take a look at this coin. These current price are really attractive.
Fed policy may drive the Dollar @1.41588With the next fed policy coming along, it seems as if the Dollar will gain momentum once again particularly with this pair as investors may find the USD attractive after the next meetings announcements.
The Histogram shows bulls rebuilding strength is it breaks out of the R/Trend very soon.
As for the chart, a HS Pattern upon completion with the daily trend AND Aug Resistance acting as consolidation. If the price manages to break beyond these points then I am guessing that we're going to be up for a hell of a ride towards October highs @1.43587 (201 pips) to then briefly correct near November highs then continue its surge and even push further than October highs.
Stop Loss centered within Left Shoulder which is also below short term support @1.40929 (66 pips)
This was made through research and insights gathered.
Let me know what anyone thinks, I believe we're really onto something here!
Regards
