Hey guys keep an eye on Zcash this week. It looks like it is setting up for a bullrun. I will update as things develop, right now I am looking for areas to enter long.
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Good amount of momentum coming out of the gate. Let's let this move stabilize and start looking for a dip and a signal to enter our long positions.
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Small 15m flag breaking here.
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Looks like it ended up making a correction and coming down to the second green area. Wait for a proper setup and use your head.
More or less it matches with my Elliot Wave analysis but I think it will go lower than 0.045565. I expect it to go to 0.034346. I believe that we are are right now in subwave 3 of wave C, so still waves 4 and 5 to go before a new motive wave starts . I think that the new uptrend could take us back to 0.17 ;)
what do you think?
pAulseperformance
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@jorge964, Hi nice chart. How do you define your waves? I use an objective method which is very accurate and I am fairly certain wave 5 is finished now and we are on our way up from here.
Dubee83
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Thank you, nice analysis.
We are still on track with it as i understand, right?
Please continue your updates. Much appreciated!
pAulseperformance
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@Dubee83, Hey Dubee83 thanks for the feedback. Everything is still on track. I entered on the small 15minute flag because I am not using margin. Keep in mind that I posted this setup on the 4hour timeframe so the trade will ultimately develop on that timeframe. Right now price looks to be consolidating around my entry. That 15minute flag could develop into a bigger 1 hour or even a 4 hour flag, to which I will add to my position. However, I have strict risk management and will not invest more than I am comfortable losing on any trade. A rule of thumb: if you can't go to bed at night on a trade, you're risking too much.
Thanks for your input! Hope this helps!
pAulseperformance
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@Gammapips, Forgot to add; Those faint blue strips are potential target areas.
More or less it matches with my Elliot Wave analysis but I think it will go lower than 0.045565. I expect it to go to 0.034346. I believe that we are are right now in subwave 3 of wave C, so still waves 4 and 5 to go before a new motive wave starts . I think that the new uptrend could take us back to 0.17 ;)
what do you think?