Descending triangle pattern about to close, it will be likely a downward continuation, however a reversal can occur suitable if holding FIAT.
Reversal can be confirmed by MACD, MA20/MA50 crossover and 2 bars closing above resistance (302USD). Check RSI as well.
Orange arrow shows a bounce of the fib we have just touched. I have bought a small amount here.
Second scenario is that we head further downwards to the next level, which also overlaps with the gann level - I will definitely be buying a decent amount if we head here, as there should be strong support!
ZECUSD +65% two weeks or not? On the chart perfectly clear that at the present time there is consolidation before the leap to the next level of Fibonacci, so I think we manage to get +65% for two weeks and go on holiday))
On the ZEC 2h chart, there are 2 ascending triangles nested inside each other.
...Which is a good sign (bullish market)
A broke out already occured on the first triangle.
A broke out should happen on the second triangle, in the next 1/2/3 days.
Buy at the break out up, as show on the graph.
Moreover:
Some people may want to see a Handle appear (event if it...
I posted Zcash idea for short position, which was based on the big GAP on daily interval. When I look closely I missed Fibonacci retracement I placed on the chart this time. It is clear that 50% makes strong support,and any losses were rejected by this level.
If the Daily candle will close above this level and sustain price above it it is good sign that it will...
I don’t think that harmonic pattern should be applied for this relative very young market. This kind of markets are often driven by strong emotions, where low volume lets create rapid movements up which are then erased by market in very short time. It looks like micro version of sub-prime crisis.
I wouldn't trade bat pattern on its own but company of solid GAP...
I think ZEC will be an interesting investment, but it's not safe to just enter a big position at market. I'll leave the specifics of the entry and trading strategy for my private signals group.
I wanted to share my expectations here, keep an eye on it, don't miss out on the potential upside.
Fundamentals are interesting, with the involvement of Zec developers...
