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ForecastCity_EU
May 30, 2020 8:04 PM

A trading opportunity to buy in ZECUSD  Long

Zcash / DollarBitfinex

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (48.84). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. ZECUSD is in a range bound and the resumption of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.

Take Profits:
TP1= @ 64.07
TP2= @ 75.60
TP3= @ 115.25

SL= Break below S2
Comments
Forecast_Crypto
I enjoyed this opportunity to buy in IOTAETH very much.
bimanphysics1
a confirm green candle is needed for sustain uptrend
sara-kian-fx
Easy to understand
sara-kian-fx
Clear analysis.
Mehmetozdemi
Nice chart.
Mesutkashmar
nice chart and Analysis
Shiva_forex
thanks for your ideas
DenizKilicDeniz
Thanks
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