Zcash broke out of its downtrend wiht an impressive upmove.
Currently making a bullflag which gives us an excellent opportunity to jump on this train to (at least) 0.09 which is just the first target.
Wait for the price to come back a bit futher to minimize your risk. 9/10 break outs are followed by a consolidation or retest of previous trendline!
My guess it will at least retrace to the blue box, but keep your eyes on the priceaction...it can break out any time!
If you like my chart, pls check some others and press the like button!
Currently making a bullflag which gives us an excellent opportunity to jump on this train to (at least) 0.09 which is just the first target.
Wait for the price to come back a bit futher to minimize your risk. 9/10 break outs are followed by a consolidation or retest of previous trendline!
My guess it will at least retrace to the blue box, but keep your eyes on the priceaction...it can break out any time!
If you like my chart, pls check some others and press the like button!
Nota
Price bounced already on 50% Fibonacci, therefore it missed the blue targetbox by a few. Looks like it broke out of the abovementioned bullflag and is on its way up.
Lots of room to the upside!
Nota
The blue box was there for a reason ;-)Nota
Its retracing a bit more but still in a bullflag. Keep your eyes on price action. Breaking the trendline is good opportunity to go long once it shows some consolidation.Nota
ZEC retraced far more as expected....Made a new, simple chart...looks like its ready to break out. first attempt failed.
Wait for consolidation on lower timeframe before jumping in the trade.
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