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PolarHusk
Jul 12, 2021 3:36 PM

ZEC/USD ($80-$100 Strong Support?) 

Zcash / U. S. DollarKraken

Description

💎Technical Analysis Summary💎


ZEC/USD

-After topping out near the 400 dollar level
-ZEC is back to the average or key area of interest
-The 80 dollar lower range of support is coinciding with the 100W Moving Average
-Which has been respected multiple times since August 2020 and up until January 2021
-If this green area of buying interests consolidates and form a base of support
-I think ZEC has the chance to retest its recent swing top near $400
-This is a long shot so It will take few months to get there
-We can Not 100% predict the future price action but only manages our risk
-If ZEC closes below $80 and unable to reclaim above it
-That would be a different scenario and would assume the bears are still in control
-So please, do not forget to follow your trading plan and exit if it goes wrong



⚠️Please always read the description⚠️

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Send me a message here PolarHusk😊
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
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Comments
caldooninvestment
Nice work mate!
FieryTrading
Nice overview of the trade, thanks for sharing🔥
Helical_Trades
Great one just like always !
Appreciate your great work mate ❤️
Thanks for sharing your outlook 😃
Mihai_Iacob
Great analysis!
AtlasTrades
awesome thanks for sharing I agree
PolarHusk
@AtlasTrades, Thanks!
MMBTtrader
thanks for sharing
Signal_Forex
Good idea
YMGroup
Great work!
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