ZECUSD
ZECUSD Rising Wedge and Fall Back Into Previous Channel SHORT 4HZEC was in an upward channel and broke out of this channel on the 4H.
A rising wedge then developed and ZEC broke under support and back into the triangle. In addition a bearish H & S formed.
We can also see bearish divergence on the RSI . (HH and LH)
Target set slightly less than height of the rising wedge formation and SL set above the channel.
ZEC/USD with solid 10% profit potentialAnother great one that my mentee Murat has recognized (all credits to him): ZEC/USD on the 4H is currently about to breakout above the 92-95 range with the wicks (have to be careful to not get faked-out, you can let yourself partially trigger in this case).
In this case we definitely have the chance to reach the 100 Dollars psychological, and even the previous S&R zone on the Daily at 105, which would give a solid 10% profit potential:
Further S&R zones at 145 & 155 would be on the way afterwards, but we definitely would expect a reaction from the bears at 105 at the latest, before we can move higher.
My mentee is able to recognize this after 3 weeks of intense training, where we're going through chart setups for 2 hours straight on every call together, training the chart anatomy with trend changes (HL/LL/), important S&R zones, indicator confirmation like RSI, and so much more, where he can ask me any questions that are unclear to him. The rate of improvement is maybe 10 times higher as if you were to figure it out by yourself, and will spare you immense amount of headaches, and especially money through noob mistakes.
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