Great long opportunity for ZEC/BTC. Price is currently sitting nicely at the 0.768 Fib retracement level, as well as hovering just above the major resistance line. Previous prices have jumped nicely by about 200-250% after hitting the resistance line. Price will pump to around 0.270 if this trend continues. The price will however need to test and break 2 resistance lines before it can do this. They sit at 0.5 and 0.236 Fib entrancement areas so I will look to take profit and bot these spots. Looking at the hourly graph, it appears that the price may drop to around the 0.072-0.073 mark so look for it to drop to this area before entering. If a breakout occurs before this, look to enter once it has been confirmed
Entry Price: 0.0720 - 0.0730
Stop/Loss: 0.0660
Profit Point 1: 0.107
Profit Point 2: 0.140
Target Price: 0.270
Once Profit point has been hit, previous profit/entry point acts as new stop/loss
Entry Price: 0.0720 - 0.0730
Stop/Loss: 0.0660
Profit Point 1: 0.107
Profit Point 2: 0.140
Target Price: 0.270
Once Profit point has been hit, previous profit/entry point acts as new stop/loss
Trade active:
Price hit target for buy @ 0.073
Trade closed: stop reached:
Flirted with the stop a couple of times until it eventually hit