Price broke down the level, and is traded higher, if the mood of buyers continue, the price can test the level of fibo 50%
Price bounced from the level $456 and start downward movement. Now we have a situation which can't give clear direction for possible trades. I think the best way is to wait for the moment, when price breaks the trend line and open long trades or breaks the support level and open short trades.
ZCASH is way above the Kumo cloud from 1m until 2h chart. Green lights for long trades, looks like it will be the winner of the day. DMI supports upward movement and rising bull strength impression. Currently slightly getting overbought (Stoch, RSI), so you might wanna wait till the next wave down and then get in and then ride it until: target 1: 300 target 2:...
Bullish divergence gives us a trend reversal signal. The price broke SMA100 and it confirms that the downtrend is over. MACD supports upward movement. DMI shows that the bulls become stronger. It's buy opportunity. Pending orders should be placed at 235.00 level with stop orders below the local swing low at 206.00 level. Profit targets are 300.00 and 400.00 levels.
I think in the short time we going to 190$
The price bounced from 220.00 support level. RSI and a reversal candlestick pattern confirmed price reversal. DMI shows range market conditions and we can wait for a volatility breakout with further strong price movement. In order to catch such movement we should placed pending orders for buy at 235.00 level. Buying from this level, we do it not far from the...
descending triangle - expect fall, but triangle...
ZCash has re-entered the descending channel and is now trading below the key fibo level formed by the recent swing. Now we are in the long box support zone. The uptrend line was breached so a bottoming at $216 could be expected. Further downward pressure could take price to the major key fibo support at $190. A break of the second uptrend line could take the price...
The trading idea is based on a double bullish divergence. The price diverges with MACD and RSI and it gives us a trend reversal signal. MACD supports upward movement. DMI allows us to open long trades. Pending orders for buy can be placed above the high of the previous bullish candle at 236.00 level. Stop orders should be placed below the local low at 216.00...
According to the support line and the fibonacci retracement, I believe we are about to reverse to the bullish trend (1hr). Also MACD indicates we are close to the reversal and RSI is sneaking up. TP 285 SL 230
The price dropped to SMA100 and we can expect for price reversal with further upward movement from this zone. MACD histogram supports this movement and DMI allows to open long trades. If the price breaks the downtrend line, it will be an additional confirmation of the upward movement. Pending orders for buy should be placed at 255.00 level and stop orders at...
I already wrote it in my last post about ETH ... Some people believe that Bitcoin will make another strong correction, I don't expect that. On september 14th bitcoin core 0.15.0 has been released and started successfully. That is also the reason next to the china trouble why the strong movements have been at bitcoin in the last week, so my opinion. Currently, it...
BITTREX:ZECBTC Looks Like a whole new market Cycle! Watch this one for sure. Shorts and longs. Rett Sloat -RSS-Legacy -Wolfy