Zcash - Low Risk Entry

Zcash, small play.

Possibly Elliot Waves in effect. Have set targets based on SMA's and long term trend lines.

Above main historical resistance trend line, 50 day SMA and historical resistance/support horizontal.

Honestly not big across ZCash except to say it's a large cap privacy based coin currently on ground floor of long term fib levels.

Let me know your thoughts.

Comment:

It is theoretically possible wave 3 runs to 100 SMA or long term trend line if that happens we're looking very good!

That said my expectations follow what's graphed.

Trade closed manually:

ZCash just doesn't excite me anymore. Take profits now, move onto something more productive.