ZECUSD 8h: Zcash 1.000 USD - possible Target after Correction

My last target was even topped. I saw ZEC at 650 USD (old Fibo 1.62).
In the end, we reached USD 730. A good performance.

What is the next development now? According to technical analysis ,
we see two trend channels:
  • One that goes straight up and hits the new Fibo 1.62 at 1,000 USD.
  • And a second trend channel that is slightly flatter. It hits Fibo 1.62 in
    April after another correction.
Currently, everything depends on BTC . I still expect a further
correction and we could expect a strong further increase
at ZEC after that.

Let's see what happens. Happy trading. :-)

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And don't forget ...
Make good trades, money is secondary.
Be patient, satisfied and happy.

Thx for following A N D thx for helping.

All the best
btcinvests · btcinvest · :-)


Bình luận: ZECUSD (2h): close up of the current situation

Bình luận: ZECUSD (1h): zec touched short term resistance - close up of the current situation

Bình luận: ZECUSD (3h): zec broke short term support - close up of the current situation

Bình luận: ZECUSD (4h): resistance touched. maybe take profit and wait for reentry.

Bình luận: ZECUSD (4h): update ...



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Thx for following A N D thx for helping.

Yeah, I see 2 special point that ZEC can reach.

Target 1: near 1280 USD
Target 2: near 1460 USD

I recommend to close your trade at 1250 USD ;)

Phản hồi
@vh6889, thanks for your advice. what is the analysis behind your recommendation (chart)?
Phản hồi
vh6889 btcinvests
@btcinvests, well, my TA based on 4h chart and I found some resistance level at fibo chanel.

fib 1.0 at 480 USD (reached)
fib 2.0 at near 750 USD (reached)
fib 3.0 at near 1000 USD (your current target)
fib 4.0 at near 1260 USD
fib 4.74 at net 1460 USD

My suppose that the price go as a vertical line. In fact, the realtime price when reach fibo chanel will higher.

Phản hồi
@vh6889, okay. i understand. nice. i will check my lines. thx for sharing.
Phản hồi
It reached 800 usd. Any update now that it broke the channel you drew?
Phản hồi
@Woolhead, here the exact chart. I adjusted it.
+1 Phản hồi
Woolhead btcinvests
@btcinvests, Thank you! Looks much better than the Excavo chart: his resistance line had only 1 attached point, yours are all validated.
Phản hồi
@Woolhead, Thanks. I've already written excavo that.
Phản hồi
Woolhead btcinvests
@btcinvests, Would you mind giving me some feedback on some of my charts?
Phản hồi
@Woolhead, sure
Phản hồi
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