The Back Ground and Multi-Year Trend Line
After making an ATH of 370$, it shed almost 77% of its gains, a massive downward move. It almost loses 92 of value which is gained in the bull run. And after that, in the next attempt, it again touches the 305$ level, and history is repeating itself; it's near to shed 92% of its last bull run gains. On the downside, a...
Hi! this is my ZEC/USDT IDEA
I got a feeling we will see a breakout soonl.
Hope you will like it! if
you have any feedback about the chart pls feel free to tell me:)
MY IDEA ONLY NOT A FINANCIAL ADVICE!!!
Love Yall :)
ZEC could be putting in an ABC correction after 5 up and now we are in the B wave, jury is still out on this count as one can count H4 with ABC completed. But the daily looks overbought, and currently at ema 50. So maybe a push here toaround $200 before wave C
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Everything on the chart.
open pos: market and lower
target: 185 - 220 - 260
after first target reached move ur stop to breakeven
stop: im w/o stop (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
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Zcash is pulling back towards 50MA support where it is very likely to bounce and resume the up-trend.
Current Price= 171.00
Buy Entry= 170.90 - 153.90
Take Profit= 227.44 | 305.44 | 420.52
Stop Loss= 129.65
Risk/Reward= 1:2 | 1:4.38 | 1:7.91
Expected Profit= +40.14% | +88.19% | +159.10%
Possible Loss= -20.12%
Fib. Retracement= 0.618 | 1 | 1.414
ZEC appears to have completed Elliot Waves 1 & 2 under the 5-Wave Elliot Theory and has begun its ascent in Elliot Wave 3. After using the Trend-Based Fib Extension to calculate potential target prices for Elliot Wave 3 based on Elliot Waves 1 & 2, you can see that ZEC recently wicked at the 0.618 Fib Level ($302.00), and then retraced exactly to the 0.382 Fib...