ZEC traded to perfection. TV's most accurate analyst nails it!As per the previous analysis where my target was hit to perfection (what else is new?) and then a retrace, you can see ZEC did exactly as I said it would.
This is similar to nearly all my analysis where my target shown is reached and then a retrace, meaning that the 'meat' out of the trade is at it's highest and for those brave enough in a bull market (like me) you could short the targets and re-buy when it hits major resistance bull market indicators explained in my member's section on my website.
The next move will be to re-buy when my short from $150 hits $134.99 and wait for ZEC to move higher to $260 before the next move is made on this market. I advise not to short now if you haven't done so at the target level of $150 as the risk does not meet the value of the reward in my opinion. To short in a bull market is for experienced and knowledgeable traders only, that is a warning to novice traders!
The market could turn higher before the short closes so I need to monitor the market or have back up plans in place if not able to monitor the price action. There will be some resistance when the RSI hits 77 on the chart as shown by the red horizontal line if the market does move upwards.
Anyone is a genius in a bull market, the trick is to know what the target is to sell and then re-buy back in.
Happy trading legends!
HTBB
Take a look at my other charts and analysis below to see my unbelievable correct analysis record. If this kind of analysis interests you and you want more than just 1 or 2 correct chart analyses every month or so, check out my website and become a member.
