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Hallemahalle
Oct 23, 2017 3:44 PM

ZEN - inside asc. Triangle 

Horizen / BitcoinBittrex

Description

At the end of the asc. triangle, short drop because of the BTC dump after the fork .
- RSI showing upwards
- MACD may cross soon depending on the current candle
- Lot of sell pressure due to BTC FUD
- Except short drop due to BTC drop, we are inside Bollinger Band

If the volume flows back and BTC market remains stable, we might see a breakout here.

Wait till the triangle breaks before going in, early entry is very risky due to BTC market.

Comment

Drop through the support line, TA invalid
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