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C-Nagle
Oct 15, 2017 1:22 PM

ZECUSD - Zcash supply/demand zones Long

Zcash / DollarBitfinex

Description

Supply zones for Zcash. Long positions can be taken out inside the zones or upon confirmation on a break out and up.

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Trying to break out. Some positive news has helped.
Worth watching..

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Pulled back into the flag

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Broken flag again, touched the edge of the box briefly.

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Dropped down from support zone. There is some historical support in the region it's in now as well as 62% fib level. If it continues down, there could be support at the long term trend line (yellow) or another historical support zone and 78.6 fib retracement. I will be looking to add to my core levels of Zcash in small amounts particularly in the green zones

I will assess any shorter term trading options as they present themselves.
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