Zcash When to Buy

Price broke MA50 and it can be a signal for possible down movement to 200.00 support level. MACD lines and histogram confirm different directions of price movement. RSI is falling to the oversold zone below 30 level. In such way when the market reverses, RSI will give good confirmation. As for trading we have 2 variants. The 1st variant is the one that we must wait for price returning above 250.00 support. The market also must break the down trend line. It will be a buy signal with profit target at 350.00 and 400.00 resistance levels. The 2nd variaint - we have to wait for price reversal from 200.00 support level or MA100. After getting a confirmed buy signal, we'll have to open long trades with the same profit targets at the resistance levels. If you are waiting for trading opportunity for opening long term trades, the current levels are good for this. Only if price breaks below MA100, we'll have to search for new entry levels for long term buying.

Comment:

The market falls to 200.00 level. Watch for price action near this key level.