Trade ideas
Breakout Feels Imminent for ZECThere has been bullish divergence between ZEC price and momentum going back 18 months and it seems to finally be breaking up sustainably into bullish territory. ZEC tends to move slower than others in the space, but I could see it moving upward with some real weight behind it along with others in the privacy space along with XMR and DASH. Projecting the last cycle's bars, feels like a 2x-5x could be possible over the course of a few months here.
Entry: 65
Target: 120 - 250
Stop: 50
Zcash: Strong Support Zone at 56USD and How to TradeIf we look at the 4H timeframe, we will see the bullish market correcting the previous upward movements. The price is not far from a solid support zone formed by SMA100, SMA200, 56.00USD support level, and the daily trend line. It looks like we have all reasons to expect the price reversal from this zone and a new upward movement in the direction of the main trend.
If the price reverses from this zone, we will have a possible buying opportunity. Here is an example:
Buy above 56.15USD
Stop below 53.55USD
Profit target at 63.95USD
Risk per trade must be no more than 3-5% from the capital.
If the price breaks the daily uptrend line, we will have to think about a new trading idea.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Demand for Zcash is not slowing down. Channel Broken can we boonZcash recovered rather well, and in a very solid position to continue demonstrate demand for this secure coin.
It can be anyone's guess where we go from here, but we do need volumes to really confirm the bull trend, for now we are confirming a double top, so, we definitively need to be above 60 soon, by July 22 it seems.
If price is not above 60 by July 22, correction might follow, unlikely, but watch out.
Looking for a breakout and hitting previous highs, with a dip and a breakout confirmation = ZCASH hodlers here.
So this is all very interesting, lets see how it works out.
__FRACTAL___
JULY 22
____REVIEW_____
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As you can see, as soon as that triangle failed to form, u get out and hopeful had your SL triggered before that. This is a perfect example, that even though TA had the right set up, the price action ultimately sets the trend, not you.
*LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
Vertical Lines: Fractal dates are moments of interest, where price and time collide to create oscillation.
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
Feel free to request: your coin to be analyzed! Please keep those Stop losses in place!
Thank you,
_Ajion






















