ZCASH (ZEC) POSSIBLE BREAKOUT? Keep an eye on this!
Aggiornato
ZEC is looking great, symetrical triangle with no hidden bearish or bullish divergence. How are you able to profit of this trade? Just follow the price! Look for a bearish or bullish breakout, its a very easy TA to do for beginners.
Keep an eye open, if the volume increases and a breakout is happening, short or long, depending on the side of the breakout.
I also added a possible elliot wave, however this wave looks off since it doesn't follow the "right" trend. So i don't think we are in a correction yet, but that this is simply the first, extended, elliot wave.
The ZECBTC chart is looking great too, it looks like it has hit a double bottom and wants to go up on the daily chart, and on the hourly chart we can see a symetrical triangle with hidden bullish divergence using RSI.
Profit level: 411 dollar (.382 fib retracement)
Buy in level: breakout
Follow and like this chart for live updates regarding breakout! You're an adopter, you deserve this.
Keep an eye open, if the volume increases and a breakout is happening, short or long, depending on the side of the breakout.
I also added a possible elliot wave, however this wave looks off since it doesn't follow the "right" trend. So i don't think we are in a correction yet, but that this is simply the first, extended, elliot wave.
The ZECBTC chart is looking great too, it looks like it has hit a double bottom and wants to go up on the daily chart, and on the hourly chart we can see a symetrical triangle with hidden bullish divergence using RSI.
Profit level: 411 dollar (.382 fib retracement)
Buy in level: breakout
Follow and like this chart for live updates regarding breakout! You're an adopter, you deserve this.
Trade chiuso manualmente
Looks like ZEC is breaking out on the bearish side, if you're looking for a buy in, watch the 1H 100/200 EMA for a buy in price
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