ZECBTC trade ideas
ZEC/BTC Starting to Make a Move.ZEC/BTC is start to made it's bullish impulse movement atleast for short term. As long ZEC/BTC remain above these current trendline the Impluse movement will keep continue until it's broken.
Using Fibonacci line with only golden ratio x 1.618 to see a important line of support and resistance.
Indicators is pointing upward and seems in synchronized along with current price action. which is bullish for now.
I expect a consolidation along the golden ratios even these current trend is bullish in short term. For a long term out look, Bullish trend is confirmed once the price action surpass above all EMAs and SMAs line.
ZECBTC a strong breakout expected | Upto 1062% profit expectedThe ZEC is moving within a pennant since feb 2017 and at the bottom of pennant we can see the MACD has given strong bull signal moreover the RSI is already oversold. The price action can breakout the pennant from here insha Allah very soon.
The targets are:
Sell betwen: 0.061458 to 0.118045
Regards,
Atif Akbar (moon333)
#ZCASH preparing to get out of descending wedgeIt has been trading withing a descending wedge that has very strong monthly levels and respecting the trend lines that give it support or resistance to made it stay near its lowest support level of 0.007972 BTC and it should test the 0.012775 BTC level at least one before starting a new move. It created a daily support of 0.009872 BTC and its been above since a week ago and is currently trading at 0.010321 BTC. It seems to be a good opportunity to get some #Zcash before it tries to test the resistance monthly level. It could go further reversing the down trend but another direction is more likely after the first test. If you buy now and hold until the first test and sell then you can probably buy back once it has reverted to previous levels before starting its new move.
ZEC-BTC Long Trade PlanCommodity : ZCASH
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point.
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-2 weeks