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?
euronash PeterTrubetskoy
@PeterTrubetskoy, I very rarely open short positions. That's just not my cup of tea :)
@euronash, understood. i never opened mine. opened a margin for xrp at 1.13. lets hope it hits tonight
nice call
+1 Reply
euronash CandleJoey
@CandleJoey, thanks! Follow me for more trade alerts to come. I am just warming up :)
Let's see if we can push past $473.41 this time...
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