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jacobcanfield

ZEN Reversal on the .618 with a 33% Potential Profit

Long
Horizen / Bitcoin (BITTREX:ZENBTC)  
jacobcanfield  
BITTREX:ZENBTC   Horizen / Bitcoin
Trend Analysis Chart Patterns Technical Indicators ZEN ZENBTC horizen horizenbtc zencash zencashbtc zencashbitcoin
16
5
trendanalysis chartpattern indicator zen zenbtc horizen horizenbtc zencash zencashbtc zencashbitcoin
- Strong rebrand with only downward price movement (indicating accumulation)
- Bounced on the .618 Fibonacci with strong support
- TD9 Buy set-up on the daily chart.
- Strong support level from back in april.
- Nice doji with strong buy volume follow through.
- Double bottom on 4 hour RSI
- Expectation of at least a run to the .0026 level for 26%
- Will watch for a potentially strong reversal from there to higher levels.

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