Zcash
Short

ZECUSD next leg down behind Alts

Updated
-9 Week horizontal range
-Significant $150 handle
-Responsive 50SMA on the daily with imminent 50/200SMA crossover on H6
-Measured move 68.47

30 basis points of risk planned
Orders not entered over weekend in thin markets

Note
Sell stop order @ 146.87
SL @ 162.58
TP @ 70.06
Trade active
Order filled
Note
Could this spell larger implications? The complete failing of this coin perhaps?
snapshot
Note
Stop @ 147.57
Chart PatternsRectangleTrend Analysis

Disclaimer