ZECUSDT Technical analysis update
After 55 days of consolidation ZEC breakout with high volume and 100 and 200 EMA cross over in 4h chart.
Buy zone: $70.50 - $72.50
Stop loss : $62.50
Target 1 : $81.00
Target 2 : $91.00
Target 3 : $100
Always keep stop
Hi,
zec movement is little slow but moving upward. Last ATH was in month of May and after that significant move is pending.
the triangle has been formed and hoping to break soon.
the targets have been identified as per Feb retracement.
Expected long term ROI is very good.
This idea is for educational purpose only.
Please feel free to write in comments....
A confluence of Western Technical indicators identify a zone of support suitable for placing buy orders.
Entry: 135
SL: 120
T1: 185
T2: 200
T3: 250
RR: 3.33, 4.33, 7.67
3M: Pivots PP
1D: Bollinger Band Lower
1D: Fibonacci 61.80% retracement, EMA 144
1D: Ichimoku Senkou A
Trade Plan
When price breaks HH, .382 Blue Fib
.5 Blue Fib will be our target.
Expect a move based on Fib Timezone 8 (March 11, 2021)
Trade on lower TF, .382 RED is your Resistance, .618 RED is support
