ForecastCity

A trading opportunity to buy in ZECETH

Long
POLONIEX:ZECETH   Zcash / Ethereum
Technical analysis:
. ZCASH/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.368 to 0.330). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.368)
Ending of entry zone (0.330)

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Price Action Lesson 3: Hammer , The first sign of beginning ...

Take Profits:
TP1= @ 0.43500
TP2= @ 0.46667
TP3= @ 0.50800
TP4= @ 0.56500
TP5= @ 0.64924
TP6= @ 0.71000
TP7= @ 0.82800
TP8= @ 0.94600
TP9= @ 1.04900
TP10= @ 1.25200
TP11= Free

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