FX4BTC

ZEC downward channel breakout, retest, and pump

Long
FX4BTC Updated   
COINBASE:ZECBTC   Zcash / Bitcoin
Alt Season went through another temporary bear cycle while bitcoin danced around 9-10k for the last month.
Now that bitcoin is building an extended triangle staying within 10500 - 12500 we will see some moves on quality Alt Coins.

Reward: Stoploss and Takeprofit are set with 2x reward.
Duration: Expected trade duration 2-5 days
Sentiment: Bearish with new lows on Weekly

Trade active:
Trade has been opened on recent price above White horizontal line.
Price has retested white line.
Trade active:
Price back at entry, this could be the actual retest of the upper channel. If confirmed we'll have a proper support level
Trade active:
55.70 Stoploss at Previous Low, Still valid. Waiting on Bitcoins next move.
Trade closed: stop reached:
resulted in loss, stopout! 2/2 on zcash

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