Zecusdlong
ZEC 700$ BOMB Traders,
Here we have ZEC/USD on the 4 Hour chart.
ZEC has been try to breakout and failing every-time, but I think it's now or never.
Price had an initial low at 260.
Price looks strong and expecting to see the highs soon.
I am expecting zcash to continue with the current upside momentum, and I am expecting a move to at least 560$ in few days after breaking it we will not have the control upside.
NOTE:
That's my vision next few days :
-Price continues it's strong momentum to the upside, and hits the upside target at 800 in one strong swing move, small correction retest 730 and mooning again.
GOOD LUCK,
MOHSEN
ZEC the king!Why i put my trust in Zcash? There is many more popular and many more of them have higer dialy capitalization (for example lately LTC took lead over the ETH in dialy price range).
But the Zcash only has got "discovered" and well known resistance points, and has got really high ATH (the LTC got only 95$- I think- which is only about 117% of the current price of LTC (there is also a 100$ level which i do not think will be tought, but it is an issue to concider), if we look at the from the ZEC perspective we will see that the ATH price ~435$ (Bitfinex) is 174% of the current 250$, that is 4,35 more than the ATH of the ATH/CURRENT of LTC - (same thing is for others -let's call them "MAJORS" cryptos, you can calculate for yourself)
So my advice is to HODL ZEC for long position as long as it reach at least 435$, and that will be my 1. TP
I do not concider SL, sorry. ;)