On the 12 hour TF there is a convergence MACD + demand zone + minimum historical
Scenario 1: buy limit orders in the $ 52-55 zone, stop $ 50 (-7%), take profit in the $ 70-74 zone (approximately 30% +). Since the stop is still quite large, the input is 30-40% of the deposit
Scenario 2: a pending order by $ 60 - on the 12-hour timeframe it is possible to have a...
Buying an upside break after breakout confirmation. Will be buying dips on the Support Trendline
Potential for 25% Short Term Gains
200 DMA Test may bring upto 49% Gains
Extension possible later upto 93% gains
Hi, today we are going to talk about ZEC!
In this chart, we observe an excellent opportunity of buying in the long term (Time Frame: D1). Details are highlighted above.
Thanks for reading, and have good trades.
There is a possibility to uptrend developing on ZECUSD, Hypodermic Accumulation Phase spotted.
Bullish Divergence on 4-Day chart, also quite interesting buy signal.
Watch the price breakout from the resistance and enter this trade.
Targets based on resistance levels:
While the price is above the support 45.75, beginning of uptrend is expected.
We make sure when the resistance at 91.30 breaks.
If the support at 45.75 is broken, the short-term forecast -beginning of uptrend- will be invalid.
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
Price is above...
if first blue A-B-C = (A) or (W), second blue A-B-C=(B) or (X), then we can expect wave (C) or (Y) to follow.
e.g. Green 1-2-3-4-5 = (C) or pink A-B-C = (Y)
We know that
Wave (C) of a flat usually between 100% and 165% as long as wave (A)
Wave (Y) of a double zigzag often about the same length as wave (W) (or common Fibonacci ratio o.618 or 1.618)
Okie gents, Looks i was correct about last month, and this confirms we are now in an ascending Triangle, and in a bloody channel, which can mean 2 things, Either this is a bear Flag, and we just about to have 1-2 wave into more Bear market, or this slow and volatile range bound trading that will eventually will want to test main descending resistance.