euronash
Long

ZEC about to burst

BITFINEX:ZECUSD   Zcash / U.S. Dollar
OK, so we've got 3 indicators on a 15 min. chart that ZEC is about to burst:

1. Golden cross marked with a red eclipse and green arrow
2. Broke immediate trend line
3. Buy orders stacking up on Bitfinex BIDS: (828.4876 ZEC) vs. ASKS: (129.1559 ZEC)

If it goes over the previous high after a recent dip (marked in red horizontal line @ $473.41), we can see up to 20% increase in price from there (5 to 10% on a conservative side).

Disclaimer: I am not a financial advisor, and information I post is for educational purposes only.

Comment: Expected retrace to trend line (now resistance), and up we should go again.
Comment: Still above the trend line and another golden cross on a 30 min. chart.
We are going up...

Comment: We've just crossed the $473.41 high from the previous bounce.
Still more room to go up...
Trade closed: target reached: There is definitely longer term potential here since ZEC is really far away from the all time high ($800) at this moment.

However, due to the fact that CME bitcoin futures termination of trading happens tomorrow (Friday) at 4pm London time, and since I am unsure if and how is this going to have an effect on the price of Bitcoin (we all know that when Bitcoin sneezes all the ALT's have a heart attack:), I am going to close this trade to lock in some profits.

I will of course continue to monitor ZEC, but I will publish a new idea for some mid to long term trading signals.

Please follow me for more trading signals to come soon.
any updates? time to short?
Reply
euronash PeterTrubetskoy
@PeterTrubetskoy, I very rarely open short positions. That's just not my cup of tea :)
Reply
@euronash, understood. i never opened mine. opened a margin for xrp at 1.13. lets hope it hits tonight
Reply
nice call
+1 Reply
euronash CandleJoey
@CandleJoey, thanks! Follow me for more trade alerts to come. I am just warming up :)
Reply
Let's see if we can push past $473.41 this time...
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out