UnknownUnicorn2434649
Long

Zcash 2018 Bottoms Reached

BITTREX:ZECBTC   ZCash / Bitcoin
Weekly
Highest timeframe shows ZEC has reached near all time lows. Price has bounced off 0.02500000 3 times now, leaving us with a beautiful triple bottom. Risk/Reward potential is incredible, Stochastic RSI showing momentum is long term bullish .

Daily
Shifting over at our trend timeframe we see price has formed a double top inside our major resistance. Expecting a retracement towards 0.02765000, this will be the last time we see price Zcash here, according to price. Stochastic RSI showing momentum is bearish .

Finally looking over at our trigger timeframe we see 4hour major support @ 0.03000000 and dynamic support @ 0.03100000 (trendline). Price could hold in this zone, a break and close above 0.03150000 activates our trade on the 4hour. Otherwise we wait for a drop towards 0.02765000

Conclusion
Wait for a 4hour close above 0.03150000 / A bounce off 0.02765000
Leaning towards a break towards the upside.

Related Ideas

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out