ZCash - New Entry Level. Time to go LONG?

BITFINEX:ZECUSD   Zcash / Dollar
The price is inside the Symmetrical Triangle. Interesting part of this pattern is that it can break either way and it is important to be able to trade this either way and not to be over biased with your trading setup. Uptrend is supported by the golden crossover of MA50 & MA100 which is indicating the beginning of new uptrend. Histogram supports upward movement and note that MACD hasn't crossed yet. Buy orders can be set above 472 USD with stop-loss of 416.

If the price rejects and breaks downwards, there can be found strong support structure in between 382 - 405 levels where should be watched for confirmed reversals.
This is great method to learn patience and wait for good trading opportunities!

Trading Information for ZCash ( Zec / USD ):
Buy: above 472
Partial Profit Targets: 536 / 550
Main Profit Targets: 651 / 673
Longer Term Target: 800
Stop-loss: 416

If you need any help with trading, recommendations or where to search basics just feel free to leave me DM             1.80% in here or in my twitter. I try to respond ASAP! :)
Happy trading!

Things to Remember:
  • Stop-loss orders are strongly recommended.
  • Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
  • Do your homework before investing.

Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.

Yarr The Pirate Crypto Cat
Trade active
I'm glad you came back to ZEC as I was stupid and missed the Partial profit target first time around!

Much more cautious this time ;)
I kind of agree with you, but it all depends on BTC, as long as BTC does not break down, either move sideways or up I assume a breakout to the top as more likely
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