Zcash New Buy Opportunity

The price bounced from the support level and RSI confirmed price reversal in the oversold zone. MACD supports possible upward movement. DMI is bearish but ADX line starts falling and it allows us opening long trades. We can place buy orders above 300.00 level and use a breakout above this resistance as a trading signal. Stop orders must be placed below the local swing low at 278.50 level. Profit targets are 340.00 and 400.00 levels.