Why i put my trust in Zcash? There is many more popular and many more of them have higer dialy capitalization (for example lately LTC took lead over the ETH in dialy price range).
But the Zcash only has got "discovered" and well known resistance points, and has got really high ATH (the LTC got only 95$- I think- which is only about 117% of the current price of LTC (there is also a 100$ level which i do not think will be tought, but it is an issue to concider), if we look at the from the ZEC perspective we will see that the ATH price ~435$ (Bitfinex) is 174% of the current 250$, that is 4,35 more than the ATH of the ATH/CURRENT of LTC - (same thing is for others -let's call them "MAJORS" cryptos, you can calculate for yourself)
So my advice is to HODL ZEC for long position as long as it reach at least 435$, and that will be my 1. TP
I do not concider SL, sorry. ;)
But the Zcash only has got "discovered" and well known resistance points, and has got really high ATH (the LTC got only 95$- I think- which is only about 117% of the current price of LTC (there is also a 100$ level which i do not think will be tought, but it is an issue to concider), if we look at the from the ZEC perspective we will see that the ATH price ~435$ (Bitfinex) is 174% of the current 250$, that is 4,35 more than the ATH of the ATH/CURRENT of LTC - (same thing is for others -let's call them "MAJORS" cryptos, you can calculate for yourself)
So my advice is to HODL ZEC for long position as long as it reach at least 435$, and that will be my 1. TP
I do not concider SL, sorry. ;)
Comment:
Sorry for so many grammar mistakes, have just realised how many of them i had made. :(