ZEC/BTC ZCASH Bullish Breakout.... 20% + Gains Possible
Updated
As we can see, Zcash is currently challenging longer term triangle resistance on the 2 day / weekly chart. I would wait for a confirmation weekly close above this current resistance for entry.
However, there are multiple good signs here. 10/21 EMA's have flipped, daily stochs have bottomed and now crossing upwards, and bitcoin as well as the entire alt market is making a run. All indicators look good.
Potential profit targets (bright green) and bottom targets (red) are marked.
As always, set stop losses and trade responsibly. BTC and alts are erratic and can wipe out a position in an instant.
This is not financial advice.
However, there are multiple good signs here. 10/21 EMA's have flipped, daily stochs have bottomed and now crossing upwards, and bitcoin as well as the entire alt market is making a run. All indicators look good.
Potential profit targets (bright green) and bottom targets (red) are marked.
As always, set stop losses and trade responsibly. BTC and alts are erratic and can wipe out a position in an instant.
This is not financial advice.
Comment
Target 1 hit...target 2 looks within reach
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.