Luettis

ZEC in correction phase

Long
Luettis Updated   
BITFINEX:ZECUSD   Zcash
I expect ZEC to go sidewards with small losses between the two lines of the green trend channel.
From today to the next days it should continue its rise.

Stop: Breaking out of the trend channel to the bottom and / or crossing through fib retracement 100% at 541$
Aim: 738$, Fib retracement 161.8%
Trade active:
The trend channel had to be adjusted. It has to be parallel.
ZEC turned at lower limit and is heading to upper limit.
next aim is about 650$

1) breaking trend channel upside or
2) turning to lower limit
Trade active:
ZEC has left the trend channel and touched the resistance. But due to the general dump it has fallen to the older trend channel.
Order cancelled

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