October was a very good month for Zec holders, with the price rising 90% from the bottom to the top.
After reaching 189 high, ZecUsd has started to correct and consolidate gains and we can clearly see a symmetrical triangle on our chart.
I expect continuation after the break and 230 zone resistance can be the target
A drop under 150 would negate this scenario
- breaking through and fixing the price over the dynamic resistance on the daily chart;
- locally you can observe the formation of a bullish wedge/ pennant
Who's in no position:
Input after a wedge resistance breakdown/retest. Stop-loss at $49.5. Profits are marked with green zones on the chart.
Before to trade my ideas make your own analysis.
Push ❤️ if you...
The chart will be updated after the break
if you have your market view, please share it in comments
Also, you can ask me questions...
Have a great day everyone!
