ZECUSD Fib Retracement/Extension

1 sep. 2017

There's a possibility that ZEC may retrace back to 289 very soon, then experience another jump. Buy orders can be placed at 289 with a stop loss below the support area and profit target at 349.50. All criticism welcomed. Good luck!

2 sep. 2017

Kommentera

Trade active, lets see where this goes.

All criticism welcomed. Seriously, please criticize - we all benefit.

2 sep. 2017

Kommentera

Possible support at 280, I'm setting a stop loss at 270, below 1.618 fib

2 sep. 2017

Kommentera

Stop loss met. You can see here that there was support at the 1.618 fib, but then ZEC dropped even further to support at 250:

2 sep. 2017

Kommentera

The green kumo cloud on the 4hr chart and the 2.618 fib are providing support. Possibly long opportunity here, but be careful if a full candle breaks through the kumo. ...Everything's diving right now.

3 sep. 2017

Kommentera

Possible double-bottom at 240 with bullish RSI trend and upcoming possible DMI reversal. Kumo cloud is acting as resistance. This could be a retrace of what I've outlined with the square - could lead to a consolidation wedge around 240. I will wait for a bullish confirmation before buying...