DLavrov
Panjang

Zcash Entry Level

POLONIEX:ZECUSDT   Zcash / Tether USD
The trading idea is based on a breakout above the local swing high and continuation of the main uptrend. The price rose above SMA20 but now the market forms a new swing high. RSI confirms possible price reversal. MACD lines still give bearish signal and we should be ready to see a short term downward movement to the uptrend line and SMA50. But what if the market continues the uptrend movement without retracement? If so, we should be ready to join it based on the breakout signal. Pending orders for buy can be placed at 575.00 level with stop orders at 405.00 level. The short term target is 700.00 resistance level . The long term target is 1000.00 level.
Komen: The 1st profit target was reached.
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@DLavrov can you please do an update on ZEC. thank you for the great analysis that you are posting
Balas
Wonderful 100%
Balas
pleaazzzzz ZEC\BTC
+1 Balas
I bought it at wrong price, $710... Hopefully it will go up to $800
Balas
inVinnieVeritas Johnny88520
@Johnny88520, 1000+, just hold there
Balas
Why have we seen this massive correction in all coins today. Do you know?
Balas
EatCrypto Luettis
@Luettis, https://www.coindesk.com/the-crypto-market-just-dropped-on-one-data-adjustment/
Balas
Luettis EatCrypto
@EatCrypto, thank you!
Balas
@Luettis, The news was coinmarketcap delisting KRW prices to get more accurate pricing on their website and maybe China restricting energy usage for BTC mining. However the market was due for a correction anyway so the news was only a catalyst i.m.o.
+1 Balas
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