Hello All!
I will share my thoughts of the current market situation and any possible targets. You can make your conclusion out of this and make your own decision how to play it!
Zcash ; the blue pattern on the chart looks like a falling wedge pattern which often break bullish and so it did this time. The green pattern where we currently are trading in seems like a descending triangle which often is bearish.
I have 2 scenarios in mind ; we break bearish to the broken trend line of the previous pattern. Keep a look at what BTC is doing , if there’s a bearish breakout than you can confirm this reaction. Or we break the pattern bullish and will go for a test at resistance (trendline on the chart)
Anyway, it is smart to wait for a breakout before entering a trade.
Do you have a chart that you want me to look into? Send me a message and perhaps I will publish it, I like doing this stuff! Keep in mind that I’m not a financial adviser!
Next target; give this idea a like and me a follow : ))))
Thanks for your support !
Remember ; Every Moment Is Unique !
I will share my thoughts of the current market situation and any possible targets. You can make your conclusion out of this and make your own decision how to play it!
Zcash ; the blue pattern on the chart looks like a falling wedge pattern which often break bullish and so it did this time. The green pattern where we currently are trading in seems like a descending triangle which often is bearish.
I have 2 scenarios in mind ; we break bearish to the broken trend line of the previous pattern. Keep a look at what BTC is doing , if there’s a bearish breakout than you can confirm this reaction. Or we break the pattern bullish and will go for a test at resistance (trendline on the chart)
Anyway, it is smart to wait for a breakout before entering a trade.
Do you have a chart that you want me to look into? Send me a message and perhaps I will publish it, I like doing this stuff! Keep in mind that I’m not a financial adviser!
Next target; give this idea a like and me a follow : ))))
Thanks for your support !
Remember ; Every Moment Is Unique !
Trade closed: target reached
Nice one, bull and bear! look where price is holding now :) time to reverse
CHECK IT OUT 😎
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youtube.com/channel/UC_UP6XvTaTEKIapdM-aKzWA
twitter.com/TheChartingArt
⬇️⬇️⬇️
youtube.com/channel/UC_UP6XvTaTEKIapdM-aKzWA
twitter.com/TheChartingArt
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.