Zcash grinding along in rising wedge
Updated
Looking at the chart of zcash against the Dollar, price is within a rising wedge pattern. The RSI is grinding up and appears to lack any conviction.
Odds favor a downward move. Targeting the 38% Fib as the first target should a breakout of the pattern occur.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Odds favor a downward move. Targeting the 38% Fib as the first target should a breakout of the pattern occur.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Trade active
We have the breakout. Manage stops according to your risk appetite.Trade active
I've moved stops to BETrade closed: stop reached
Out for breakevenNote
Interesting how it failed to reach the 38% Fib. Sign of strength?
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