Z CASH looks really nice moving into the triangle once again, bears habe been renegated once again, in case z cash brakes the last top around 270eur, would also break the dtl, which could take us all the way up to 655 eur. ! Let's go !! (this is no trading advice)
The currency doesn't move in down and when the other can lost 6% a day, Zcash stay stable, we are in a bottom position, so it's means that we have a full potential to growing this month. First support at 42 euro and then 50 euro or coming back to the support at 26 euro which is not realist.
I'll buy ZEC either on breakout or on pullback with marked stop losses and targets. Once the first entry will get filled, the other will be canceled.
(I switched to Dark theme, since the Light one was burning my retinas ...).
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Maybe Gartley will play out. Trade idea:
- micro entry at 0.786 Fib level
- mini entry at 0.886 Fib level
- stop loss above X
- target 1 at 0.382 of CD
- target 2 at 0.5 of CD (and will see how it will behave here)
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
I really hope this won't be the case, but let's try to gain some profit in case this scenario will be played.
If 90 level will get broken, I'll enter short just bellow it, aiming for final target at cross section of lower wedge line and support/resistance from long ago at 61.60 (also could be nice spot for point E :) with some profit taking on the way at...
This one is basically addition to previously published ZECEUR idea (see linked idea, where also bigger picture is attached), but with this one we can gain some profit on way down, trading the fakeout. This to be valid, ZEC should come back to previous high area (near 104.00) and not rise above upper channel line and previous two highs. First target to take some...
A little bit risky trade setup, but with personally bullish BTC sentiment, some profit can be squeezed out of ZEC. Enter at lower triangle line with semi-tight stop loss and aiming for junction of higher triangle line and 0.618 retracement Fib level of last drop.
Part of the trade can be left for longer run, in case the triangle gets broken to upside.
Disclaimer:...
ZEC/USD pair will get listed on Bittrex in 7 days, this could be a booster for it. Also, ZEC is currently trading just above previous resistance/longer term support (blue line) and around interesting Fib levels. I'll setup trade like:
- entry 125
- stop loss 114.80
- target 1 at 141 (1.618 Fib extension, 0.382 level of previous drop)
- target at 141 (2.618 Fib...
It would be very simple, if everything was in geometry. We can draw nice falling wedge and expect bounce from around 132, to 50 - 61.8 Fib level. But let's wait what will be happening around 132. It can drop all way down to 128.5 again and retest it and then we'll see how to set up a trade.
Entry between 168-174 with marked targets and initial stop loss at 150.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Zcash is retesting the 88.6 level. If you want to get into this pattern now is the time:
entry: €229
stop: €204
Price target 1: €291 (move stop to break even)
WIll update other price targets as things progress.
KRAKEN:ZECEUR is currently testing the bottom of a symmetrical triangle once again. Continuation is still possible but chart is looking choppy like many alts currently. We'll see as triangle plays out in the coming days. If first level of horizontal resistance is broken it can move significantly higher. If it breaks down there are some potential support levels outlined.
Bat about to reach D @ 88.6. Price is coming fast so probably a good idea not to enter directly at 88.6 but wait for a bounce and a higher low then enter. If this pattern works and the low at 313 holds this will then become C in a much larger butterfly pattern to the upside with 1st profit target of 815€. If not then get out at 313!!
