Blockchain_Roller_Coaster

ZCASH - Sleeping Giant (100% Gains)

Long
BITFINEX:ZECUSD   Zcash
I am a budding FOREX/ CRYPTO trader, with much of my experience coming from trading CRYPTO markets since 2016. In my Full Trade Setups I provide the Market sentiment, Entry Strategies, Stop Loss and Target Points for the Category of trade I will be posting. Discussion section is included to point out to the Fundamental Outlook.


--- FULL TRADE INFO ----

Category : Mid Term --- Spot Trade --- ALTCOIN-USD Pair.
Entry : Enter now or Wait for Breakout of Wedge and retest.
Target Zone : 100 - 120$ $ (Weekly Resistance Zone)
stop loss : 1 whole body close below $65

Market Sentiment : Zcash has broken the long term dowtrend line and is forming a monthly scale cup and handle formation. The first ever halving is also around Sept-Oct 2020, so a strong front running of price is expected.
--- END ---

Discussion : Given the BTC printed a bullish weekly HH disregarding most of the bearish case in coming months, this potential ZCASH setup with upcoming halving has high chance to play out.

Please hit the LIKE button for more such trades.

Do your own research. I only post trades I myself take. :) Enjoy.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.