ZCASH - Sleeping Giant (100% Gains)I am a budding FOREX/ CRYPTO trader, with much of my experience coming from trading CRYPTO markets since 2016. In my Full Trade Setups I provide the Market sentiment, Entry Strategies, Stop Loss and Target Points for the Category of trade I will be posting. Discussion section is included to point out to the Fundamental Outlook.
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Category : Mid Term --- Spot Trade --- ALTCOIN-USD Pair.
Entry : Enter now or Wait for Breakout of Wedge and retest.
Target Zone : 100 - 120$ $ (Weekly Resistance Zone)
stop loss : 1 whole body close below $65
Market Sentiment : Zcash has broken the long term dowtrend line and is forming a monthly scale cup and handle formation. The first ever halving is also around Sept-Oct 2020, so a strong front running of price is expected.
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Discussion : Given the BTC printed a bullish weekly HH disregarding most of the bearish case in coming months, this potential ZCASH setup with upcoming halving has high chance to play out.
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