Fxprotrader
Long

ZCash Update: Key Support Zone to Watch for Longs

POLONIEX:ZECUSDT   Zcash / Tether USD
In this video I am updating my previous post where we described a potential move to the upside which happened with price reaching the exoected tp - the median line of the set. We now should wait to see if we can get a pullback to a key support zone , consist from the lower parellel of a rising channel , previous structure and the broken sliding parallel of the long term uptrend.

Feel free to like, comment and share your thoughts.

Have a nice weekend,
John
Comment: As expected, price retraced to the sliding parallel of the median line. Most likely it will test it very soon and we should start watching for a buy setup completion.
Trade closed: target reached: Price did exactly as expected. It retraced to the sliding parallel as shown in the chart in the previous comment and then rallied reached previous highs. Well done for those who followed ;)
Absolutely excellent explanation! Really appreciated the effort you put in. Thanks a lot and keep up the good work
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Fxprotrader caspervantricht1
@caspervantricht1, Thank you :)
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@Fxprotrader any thoughts on the current zcash/usd at bitfinex? I'm in an awkward position of 335, not sure if to cut loss or hold. =/
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Fxprotrader WinifredLi
@WinifredLi, I cannot say only because I don' t know how u planned your trade.. But in case you aren' t sure about your position you better close it and watch for anothervopportunity.. Good luck..!
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@Fxprotrader
Good guide, thank you.
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@TauCeti, You are welcome!
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