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CrowD_Inv
Dec 6, 2020 6:08 AM

ZEC Bull Triangle Long

Zcash / TetherUSBinance

Description

Daily Stoch: On Bottom, Blue Stoch stopping the fall.
Weekly Stoch: 3 weeks ago made a buy signal, still bullish.

Daily Elliott Oscillator: Slowly decreasing bullish momentum.
Weekly Elliott Oscillator: Creasing bullish momentum.

Considering that we have a strong bullish momentum on weekly chart and a weaker one on daily chart, this triangle seems to be of continuation.

Possible Targets

1ST: $89

2ND: $93

3RD:$101


Possible Stop Loss

Under EMA 50: $64


This is not a recommendation, just my view.

Never forget to see what's happening with BTCUSDT, cause alt coins trend to follow their movements but with other volatility.
Comments
InkyGrip
splendid job my friend! admire it 🦐
CrowD_Inv
@plancton0618, Thanks <3
armaniss4941
hey do you think goes up ?
CrowD_Inv
@armaniss4941, Yes, at least to 0.618 FIB and then see if continues bullish or draw a double-roof and goes down
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