There is a possibility for the beginning of an uptrend in ZECBTCTechnical analysis:
. ZCASH/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
Price is in the support zone (0.01895000 to 0.01610000), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.01895000)
Ending of entry zone (0.01610000)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.02436000
TP2= @ 0.02830000
TP3= @ 0.03374000
TP4= @ 0.03773000
TP5= @ 0.04364000
TP6= @ 0.05159000
TP7= @ 0.07361000
TP8= @ 0.09137000
TP9= @ 0.10911000
TP10= @ 0.13442000
TP11= @ 0.16666000
TP12= Free
