Zecusdlargos
ZECUSD forming bullish Cypher | Upto 85% expectedHi friends hope you are well, here I have found another profit potential trading idea for you and this time I have found a harmonic move by Zcash (ZEC). The Priceline of ZEC is forming bullish Cypher pattern and soon it will be entered in potential reversal zone and will be ready for bullish reversal soon.
Lets have a look on the Zcash priceline's move:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.272 to 1.414 of A to X leg's Fibonacci projection and final (C to D) leg is suppose to be retraced between 0.618 to 0.786 Fibonacci projection of X to D leg for a perfect bullish Cypher and then the price action will be entered in potential reversal zone of this bullish Cypher pattern, then we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg.
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Buying And Sell Targets:
The buying and sell targets according to harmonic Cypher pattern should be:
Buy between: $44.84 to $36.37
Sell between: $51.51 to $67.50
So this is upto 85% profit opportunity
Stop Loss:
The potential reversal zone area which is up to $36.37can be used as stop loss in case of complete candle stick closes below this level.
ZECUSD. Bearish Trend. Short Goals and Long Levels. Setups
The trend is bearish. You can see my disassembly of the ZEC structure. At this point, you should be careful. We are in favor of the longs have a strong oversold of higher order. From the point of view of my analysis, use limit orders in 2 zones. Also buy after the breakdown of the channel. This will mark an early conservative entry. Also use my levels to hold short positions and enter long ones. So you have a chance to enter at the beginning of the trend. And of course, follow the risks