Extreme lows together with increased short interest pushes us to belive a short squeeze of large proportions may be around the corner, because the market never goes straight up nor down, and we have seem to of forgotten the volatility of crypto on the upside amidst a sea of what appears to be never ending Blood.
Using the MAs here to gauge consolidation as lagging indicators are not accurate buy or sell signals.
Target on the Green line, Rebuy on support red line if it holds. Potential levels of lower reversal highlighted with another red line.
Using the MAs here to gauge consolidation as lagging indicators are not accurate buy or sell signals.
Target on the Green line, Rebuy on support red line if it holds. Potential levels of lower reversal highlighted with another red line.
Trade active:
took some profits and re entered Position, analyzing the binance chart Zcash has popped out of one huge falling wedge, lets see if it plays out with more upside.
Trade closed manually:
took a small profit and closed out of ZEC for the time being.
Comment:
watch Thick red line for breakout, entirely dependent on BTC strength which isnt looking too tasty.
Comment:
Coindesk just shilled ZEC in Venezuela so expect a pump and dump.
Trade closed: target reached:
Missed the ZEC train this time around but if you press play on the original chart we're on the right path. If i was in a position id be taking some profits here.
Comment:
Long term Next entry Around $150 USD at lower support levels.
Comment:
still to plan. made a larger buy zone incase market decides otherwise;
Comment:
Tacos Don't lie