ZEC/BTC 12H (Binance) On falling wedge support after fakeout
Updated
Zcash is back in wedge and looks ready to grow for mid-term.
I advice you to keep an eye on other privacy coins like Monero & Dash too.
Buy Entry= 0.005004 - 0.004824
Take Profit= 0.005395 | 0.005782 | 0.006196
Stop Loss= 0.004431
Risk/Reward= 1:1 | 1:1.8 | 1:2.65
Expected Profit= 9.79% | 17.66% | 26.09%
Possible Loss= -9.83%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x | 3x | 5x
I advice you to keep an eye on other privacy coins like Monero & Dash too.
Buy Entry= 0.005004 - 0.004824
Take Profit= 0.005395 | 0.005782 | 0.006196
Stop Loss= 0.004431
Risk/Reward= 1:1 | 1:1.8 | 1:2.65
Expected Profit= 9.79% | 17.66% | 26.09%
Possible Loss= -9.83%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x | 3x | 5x
Trade active
Price action following the support downtrend.Note
Told you to keep holding, pumped and got rejected on wedge resistance for now, targets are still valid!Trade closed: target reached
TP1 with +9.79% from average entry (48.95% in Margin 5x). That was really worth the wait, patience always pays!Trade closed: target reached
TP2 hit with +17.66%, last target still valid.Trade closed: target reached
TP3 more than reached with +26.09% and kept going up. I hope you enjoyed that profit, time to close the trade!
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