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ZECUSDT trade ideas

ZECUSDTHello to you all. Mars Signals team wishes you high profits at all times. According to this that the price has reached a level after which always the price would experience a rise, we expect it to rise again. If it is able to break its bullish triangle, it is possible for it to see higher prices. But you also need to keep this in mind that if the price faces another failure in rising, there is more possibility for further falling. Warning: This is just a suggestion to you and we do not guarantee profits. Wish you luck!
by MarsSignals
ZECUSDT (ZCASH) - UPTREND CONTINUATION ANALYSIS 🔎 - ZECUSDT hit swing high. - The market then retraced for a retest of the flip horizontal support (S1) and fibonacci retracement levels. - A bullish pin bar (hammer) was formed at the retest area. - Price action is printing a pennant chart pattern. - A pennant chart pattern is a trend continuation pattern. In this case, a bullish continuation pattern. - There's an uptrend continuation possibility. BUY ENTRY ⬆️ - Breakout above the pennant's inclined resistance. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the pennant's inclined support.
Long
by Chibuike_Odoh
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