The trading idea is based on a breakout above the downtrend line with further continuation of the uptrend. RSI is going to confirm price reversal from SMA100 and 0.003500 support level. MACD histogram supports upward movement. Pending orders for buy should be placed at 0.004150 level with stop orders at 0.003400 level. Profit targets are 0.005000 and 0.006000 resistance levels.
Note:
to newbies (and some more versed).
Its quite easy to confuse Zcash(ZEC) and Zcoin(XZC).
This chart (as in the title) is for XZC (the lesser known of the two).
pgaucher
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With the move that BTC made today, should we still be looking into this. I shifted a number of BTC to buy Zcoin but the overpowering BTC made this a negative move as of yet. With a potential pullback in BTC, would you anticipate a positive momentum for Zcoin?
Also, has the master node programme been unveiled for Zcoin. This could potentially drive transaction volume as well.
Thanks
VikingPirate
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This is why i hate buy after it brake the resistent line.because half of it are fake brake though.Does‘t make sense at all.I doubt people who like buy after braking redistent line would make any money from trding..
guispin
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stop loss reached?
duwonifepag
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Thanks!
gacalzu
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thanks for the analysis!
wpgmantrader
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Dec. 1st and so far, it broke, then pulled back. Just bumping along. Bull trap? Remains to be seen. let's hope that you're correct in your assumption and that this trade will pan out as you feel it might.
Thanks for the TA. Much appreciated. :)
birarakisarap
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i missed the train of xlm and xzc but you are really good at what you are doing. tham you for your great effort, appreciated :)