Zcash (zec) formed bullish Shark for upto 235% bullish rally
Hi, dear patrons, hope you are well, and welcome to the new update on Zcash (ZEC).
Due to extreme sell off the price action of ZEC has changed its move from bullish Cypher to bullish Shark. This pattern has been formed on the 2-day chart. We also have additional supports of 100 and 200 simple moving averages within the buying zone.
Buying and sell targets for Shark move:
Buy between: $137.02 to $92.37
Sell between: $198.05 to $309.81
Stop loss:
The maximum extent of the potential reversal zone at 1.13 Fib level can be used as stop loss which is $92.37.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 235%, and a high loss possibility up to 33%. If any one has already bought ZEC by following the previous Cypher pattern then you can set you sell targets according to this Shark move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Due to extreme sell off the price action of ZEC has changed its move from bullish Cypher to bullish Shark. This pattern has been formed on the 2-day chart. We also have additional supports of 100 and 200 simple moving averages within the buying zone.
Buying and sell targets for Shark move:
Buy between: $137.02 to $92.37
Sell between: $198.05 to $309.81
Stop loss:
The maximum extent of the potential reversal zone at 1.13 Fib level can be used as stop loss which is $92.37.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 235%, and a high loss possibility up to 33%. If any one has already bought ZEC by following the previous Cypher pattern then you can set you sell targets according to this Shark move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.