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team_USA
Oct 19, 2017 5:27 AM

Zencash potential cup & handle - ~35% profit Long

Horizen / BitcoinBittrex

Description

ZEN/BTC looks like it may form a cup & handle from here. it saw a huge spike in volume recently due to a Palm Beach Confidential buy order rumor. buy pressure has slowed down and it will consolidate here for another probable leg up. buy around the labeled support zone & wait for the medium term to sell at the labeled resistance zone for a tidy ~35% profit.
Comments
jdharward
Good call! This one just skipped the handle phase all together.
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