Hi dear patrons, hope you are well, and welcome to the new update on Zcash coin.
On the daily time period chart, the price action of the ZEC with Bitcoin pair has completed bullish BAT and entered the potential reversal zone.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the BAT pattern should be:
Potential reversal or buying zone: 0.002496 to 0.002298 btc
Fibonacci projection or sell zone: 0.002967 to 0.003675 btc
Stop loss:
The maximum extent of the potential reversal zone to 0.002298 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 59% and the loss possibility is 7.93%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
On the daily time period chart, the price action of the ZEC with Bitcoin pair has completed bullish BAT and entered the potential reversal zone.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the BAT pattern should be:
Potential reversal or buying zone: 0.002496 to 0.002298 btc
Fibonacci projection or sell zone: 0.002967 to 0.003675 btc
Stop loss:
The maximum extent of the potential reversal zone to 0.002298 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 59% and the loss possibility is 7.93%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.