Zcash (ZEC) - Member's trade idea posted
Nov 7, 2018 --- Altcoins
We can see that the price action has found support at the 88.6% retracement fib level. Daily/Weekly MACD is positive and a bullish divergence has been confirmed on both timeframes. Willy is in an oversold position on both the Three Day and Weekly timeframes and starting to trend higher, suggesting this has legs to run. Currently price is above the now bullish daily EMA’s, and finding some resistance at the longer term MA. Since we now have a double bottom in price action confirmed we are willing to take a long trade. Our entry price is $xxx to target the $xxx level, and a stop loss level of $xxx.
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