Tedzily

ZCash Needing a Dip to 56.37-57.37 to Cross trendlines to Long

Long
BITFINEX:ZECUSD   Zcash / U.S. Dollar
I've been having success at Scalping #Zcash and #Litecoin as of late. Their patterns have become quite prediectable. In this chart you can see where a descending overthrow trendline meets the underlying, more powerful uptrendline. If the price action meets at the exact spot needed, a long may be the best opportunity. Granted I may need other confluences such as the RSI and I'll take a look at the MACD . But after some major drops in Crypto overnight, it seems like they're trying to make a comeback. with resistance on Zcash being around the $60 mark, I wouldn't shoot for any higher than that as my Take Profit. Let me know what you think.

Here's a previous Zcash win using my double RSI strategy. The (Over sold on the 19, diference of 7 or more between the 16 ans 29 RSI , Crossed The 50 and the 200 MA was used as support. Was the perfect time to pull the trigger and land nearly a 20 pip scalp.
Comment: It's going the opposite direction. Maybe need to adjust the dip to 59.81 0 60.36

Trade closed: target reached: I got a dip and that's all I needed

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