There is a trading opportunity to buy in ZECETH
Technical analysis:
. Zcash/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.370 to 0.346). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.370)
Ending of entry zone (0.346)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.40000
TP2= @ 0.43500
TP3= @ 0.46670
TP4= @ 0.50800
TP5= @ 0.56500
TP6= @ 0.64924
TP7= @ 0.71000
TP8= @ 0.82800
TP9= @ 0.94600
TP10= Free
. Zcash/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.370 to 0.346). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.370)
Ending of entry zone (0.346)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.40000
TP2= @ 0.43500
TP3= @ 0.46670
TP4= @ 0.50800
TP5= @ 0.56500
TP6= @ 0.64924
TP7= @ 0.71000
TP8= @ 0.82800
TP9= @ 0.94600
TP10= Free
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