#ZECUSDT #4h (ByBit) Ascending channel on resistance [SHORT]

Nov 7

Zcash just printed a shooting star and entered overbought territory again.
It seems likely to finally retrace down towards 50MA support, short-term.

⚡️⚡️ #ZEC/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (3.0X)
Amount: 4.4%

Current Price:
684.73

Entry Targets:
1) 694.97

Take-Profit Targets:
1) 484.39

Stop Targets:
1) 800.52

Published By: @Zblaba

ZEC ZECUSDT.P #4h #Privacy #ZK z.cash

Risk/Reward= 1:2.0
Expected Profit= +90.9%
Possible Loss= -45.6%
Estimated Gaintime= 1 week

Nov 9

Trade active

ZECUSDT.P almost hit target already

ZEC got rejected as forecast, heading straight towards 50MA support.
Unfortunately it bounced back right before reaching TP, time to secure SL at BE.

Nov 14

Trade closed: target reached

TP reached with +2.0R

ZECUSDT.P All take-profit targets achieved 😎
Profit: 90.9018% 📈
Period: 3 Days 11 Hours 43 Minutes ⏰

ZEC made it on the 2nd correction wave, that's a wrap!

Nov 30

Note

ZEC definitely topped out locally after short setup played out twice in a row. Great accuracy!