Zecash
ZEC declining channel range playI would expect a bounce back to top of trend line if I get lucky could even continue further to the upside.
trading on kraken 7.5 shares 81.56 will not chase.. trying to get double this size but low liquity and large spreads
will look to add on retest of channel support
$ZEC / $BTC 1D - Head & Shoulders patternZEC - Head and Shoulders pattern. Neckline breakout with high volume.
Breakpoint rate: 0.01950600
Take-profit rate: 0.02314850
Profit percentage (%): 18.67%
Stop-loss: 0.01797000
Breakpoint date : 2018-11-07 17:25:00
Timelimit date : 2018-11-27 17:25:00
Entry risk: -7.87%
Risk/Reward: 0.4
Zcash pullback before 161% push to 300$+ We're looking at the 4th wave down of 5 Elliott waves. Expect a pullback with CBOE Bitcoin futures expiring. With the Fib extension based off 161% level. Take a look at the chart
$ZEC, Historical Lows + Coinbase News = Great Risk::Reward
Weekly
Looking at our trend timeframe we see price is currently looking to form a double inside our 0.25 support zone. Stochastic RSI showing momentum still has some room towards the downside, price is pretty close to ZEC/BTC historical lows. On July 13 Coinbase announced ZEC was a candidate to be added to their exchange in the near future. FOMO is in in the air…
Daily
Shifting over to our pattern timeframe we see price broke out of its bearish parallel channel with the coinable news. Stochastic RSI showning momentum has temporarily peaked and we should be seeing a small correction and ZEC retrace towards 0.26 bouncing off our channel.
4Hour
Finally looking over at our trigger timeframe we see price has recently formed a double top at 0.28 and we should expect price to fall back towards our breakout zone for a retest of support. Stochastic RSI showing momentum in favor of bears. A 4hour close above 0.28 activates our trade, otherwise wait for a drop towards 0.26
ZEC WILL GO OVER YOUR WILDEST TARGETS - JUST WAIT FOR IT - 10XThis is one of our favorite coins. We would definitely invest into it for medium to long term if we had patience.
Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
ZEC looking bullishStoch RSI is heading upwards with a crossover that indicates bullish moves. MACD also looks like it is going to continue its bullsih trend for a bit longer. Momentum is currently neutral with room to move upwards. The coin is practically bottomed out at this point, just barely hovering over long term support. There is room for ZEC to moon and hit resistance (already decent gains), and if that resistance is broken we can see some huge returns. There has also been a lot of talk about ZEC recently - hype can carry this coin far!