ZECUSDT trade ideas
$ZEC/USDT 1D (Binance Futures) Ascending channel trendingZcash is surely up-trending and has shown much recovery power during last weeks.
I guess a last leg down could still happen that's why I placed entries there.
Let's swing it to a new yearly high then, if you are impatient better avoid that trade!
Current Price= 247.15
Buy Entry = 211.72 - 196.80
Take Profit= 264.51 | 351.21 | 467.98
Stop Loss= 169.92
Risk/Reward= 1:1.75 | 1:4.28 | 1:7.68
Expected Profit= +29.50% | +71.94% | +129.11%
Possible Loss= -16.81%
Fib. Retracement= 0.786 | 1.272 | 1.764
Margin Leverage= 1x
Estimated Gain-time= 3 months
ZEC USDT IdeaZec price moving above all the major ema(s) on 4h tf
also, it did a double break out (one from the major trend resistance and one from ascending triangle and retest the top side of it) it's looking very bullish to me and I expect to reach all my target on the chart
and also price moving in the ascending channel since the beginning of the year so touch the top side of this channel is very likely
also most of the privacy coins pumping nicely so this can pump a lot too
PRIVACY coins KILLIN IT.. ZCASH... retest me baby.... MAYBE...Food for yummy trading thoughts..... My recent picks with Monero and Dero.... premier privacy coins, were spot on.... NO APPLAUSE PLEASE... really, stop it, you're making me blush. This is the next pick... Here's a nice screener which sorts crypto by category.. Privately find your privacy coin.. perv... messari.io
BUT, wait for the " Moment of Change " for a retest at the previous high with a spike in volume (otherwise, you might get your trading trap in a leg). There was also a recent AROON, MACD cross... plus PSAR looking good.
For those lazy traders I put the numbers in there for you.... For you ambitious traders who like to do it yourself, why are you still reading this? Really, just stop now
ORIGINAL TRADER JOKES
Why aren't there more day traders driving school busses?
Because they're always getting Rekt!