ninjacookies
Long

ZEC/BTC ZCASH Bullish Breakout.... 20% + Gains Possible

BINANCE:ZECBTC   Zcash / Bitcoin
As we can see, Zcash is currently challenging longer term triangle resistance on the 2 day / weekly chart. I would wait for a confirmation weekly close above this current resistance for entry.

However, there are multiple good signs here. 10/21 EMA's have flipped, daily stochs have bottomed and now crossing upwards, and bitcoin as well as the entire alt market is making a run. All indicators look good.

Potential profit targets ( bright green) and bottom targets (red) are marked.


As always, set stop losses and trade responsibly. BTC and alts are erratic and can wipe out a position in an instant.

This is not financial advice.

Comment: Target 1 hit...target 2 looks within reach

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