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Luettis
Dec 20, 2017 11:42 AM

ZEC in correction phase Long

Zcash / DollarBitfinex

Description

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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