$ZEC/USDT 1D (Binance Futures) Ascending channel trending
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= 169.92
Risk/Reward= 1:1.75 | 1:4.28 | 1:7.68
Expected Profit= +29.50% | +71.94% | +129.11%
Possible Loss= -16.81%
Fib. Retracement= 0.786 | 1.272 | 1.764
Margin Leverage= 1x
Estimated Gain-time= 3 months
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= 169.92
Risk/Reward= 1:1.75 | 1:4.28 | 1:7.68
Expected Profit= +29.50% | +71.94% | +129.11%
Possible Loss= -16.81%
Fib. Retracement= 0.786 | 1.272 | 1.764
Margin Leverage= 1x
Estimated Gain-time= 3 months
Trade active:
All entries filled
Zcash finally going down to our patient entry, this is unbelievably accurate how price reacted in that demand zone.
Bounced on several supports here: Ascending channel, descending TL and 100EMA! 📈
Zcash finally going down to our patient entry, this is unbelievably accurate how price reacted in that demand zone.
Bounced on several supports here: Ascending channel, descending TL and 100EMA! 📈
Seems like Zcash was already about to breakout higher, I hope some of you managed to enter manually!