BINANCE:ZECUSDTPERP
If ZEC were to be able to reclaim the support and break through the top resistance levels then the bullish trend will continue
Current issue at the moment is that we do not have enough volume to push, I would sit here and watch until R1 turns into a proper support, and probably do a breakout play at the top.
Cup & Handle identified on 1D chart, After breakout this will have a run like all other big market cap coins. Will take some days or even a week as its 1D chart.
This is a short term analysis, implying that price very soon will start rising. Overal the move to the upside can be small, on the other hand it might be the beginning of a long term uptrend contiuation
Zcash is surely up-trending and has shown much recovery power during last weeks.
I guess a last leg down could still happen that's why I placed entries there.
Let's swing it to a new yearly high then, if you are impatient better avoid that trade!
Current Price= 247.15
Buy Entry = 211.72 - 196.80
Take Profit= 264.51 | 351.21 | 467.98
Stop Loss=...
After very nice run, Zcach still has very nice potential
If you missed earlier entry this can be a nice entry point.
Entry 136-130
t1- 150
t2 - 175
t3 - to the moon
Best of luck
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