Hi everyone,
Fundamental:
Altcoins are on the rise and Zcash is not an exception. It is one of the best in privacy terms fighting with Monero and Dash as a method of payment.
Trend:
It has now been consolidating for 1 month and probably going to break the triangle soon, upwards is more possible due to the previous trend.
Objective:
Triangle height and 3r Fibo impulse have pretty much the same objective: 235$.
Learn:
I shall remind you 3r impulses as not as certain as second. I shall remind you as well that after the 3rd impulse there's an a-b-c correction before continuing the long term trend.
Enjoy and good luck!
Fundamental:
Altcoins are on the rise and Zcash is not an exception. It is one of the best in privacy terms fighting with Monero and Dash as a method of payment.
Trend:
It has now been consolidating for 1 month and probably going to break the triangle soon, upwards is more possible due to the previous trend.
Objective:
Triangle height and 3r Fibo impulse have pretty much the same objective: 235$.
Learn:
I shall remind you 3r impulses as not as certain as second. I shall remind you as well that after the 3rd impulse there's an a-b-c correction before continuing the long term trend.
Enjoy and good luck!
Comment:
Triangle chart pattern has to be rebuilt but the essence of the idea is still there while we don't lose 104$
Comment:
Reaching top of triangle, be ready for a breakout.
Comment:
In my opinion we broke top downtrend of triangle line. Triangle objective actived around 238$
Trade closed: target reached