ZEC is looking great, symetrical triangle with no hidden bearish or bullish divergence. How are you able to profit of this trade? Just follow the price! Look for a bearish or bullish breakout, its a very easy TA to do for beginners.
Keep an eye open, if the volume increases and a breakout is happening, short or long, depending on the side of the breakout.
I also added a possible elliot wave, however this wave looks off since it doesn't follow the "right" trend. So i don't think we are in a correction yet, but that this is simply the first, extended, elliot wave.
The ZECBTC chart is looking great too, it looks like it has hit a double bottom and wants to go up on the daily chart, and on the hourly chart we can see a symetrical triangle with hidden bullish divergence using RSI.
Profit level: 411 dollar (.382 fib retracement)
Buy in level: breakout
Follow and like this chart for live updates regarding breakout! You're an adopter, you deserve this.
Keep an eye open, if the volume increases and a breakout is happening, short or long, depending on the side of the breakout.
I also added a possible elliot wave, however this wave looks off since it doesn't follow the "right" trend. So i don't think we are in a correction yet, but that this is simply the first, extended, elliot wave.
The ZECBTC chart is looking great too, it looks like it has hit a double bottom and wants to go up on the daily chart, and on the hourly chart we can see a symetrical triangle with hidden bullish divergence using RSI.
Profit level: 411 dollar (.382 fib retracement)
Buy in level: breakout
Follow and like this chart for live updates regarding breakout! You're an adopter, you deserve this.
Trade closed manually:
Looks like ZEC is breaking out on the bearish side, if you're looking for a buy in, watch the 1H 100/200 EMA for a buy in price