ForecastCity_ME

ZECBTC Update: Profit=8750 SL=1990 Reward/Risk > 4.4:1

Long
BINANCE:ZECBTC   Zcash / Bitcoin
Trade Setup summary:

Profit targets=8750 pip (750 + 1250 + 1750 + 2050 + 2950)
Stop Loss =1990 pip
Reward/Risk > 4.4 : 1

Current Status:

Total Profit: 1924 pip
Closed trade(s): 1924 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 4 BUY trade(s) @ 0.005494 based on 'previous Forecast' at 2020.06.21 :

Closed Profit:
TP1 @ 0.005600 touched at 06.23.2020 with 106 Profit.
TP2 @ 0.005800 touched at 06.23.2020 with 306 Profit.
TP3 @ 0.006100 touched at 06.24.2020 with 606 Profit.
TP4 @ 0.006400 touched at 06.24.2020 with 906 Profit.
106 + 306 + 606 + 906 = 1924

Technical analysis:
. ZECBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.

New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (0.007250) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.

New Take Profits:
TP1= @ 0.008000
TP2= @ 0.008500
TP3= @ 0.009000
TP4= @ 0.009300
TP5= @ 0.010200

SL= Break below 0.006852

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