Great setup here in my opinion. ZEC has been in descending channel within a much larger ascending channel. Waiting for confirmation on the 4 hour window to confirm the break upwards. Looking for an entry between .04 and .041. Stop loss will be set at .037 assuming that buy-in range. Will determine target ranges based on activity, but .060 is the minimum reach of a solid run I believe.
Comment:
I bought at 40,500 and allowed it run down a little due to BTC price action. I still had my stop loss as a breach of that likely would have mean going down further. We seem to have a confirmed breakout here. I'll be adding to it waves rather than dropping the remaining capital reserved for it into it all at once due to BTC position. People seem to believe that short BTC runs mean it's going back to 20 or short dips mean it's headed to 5 and it's impacting ALTs heavily as a result IMO. Could be wrong. But at least ZEC is moving!