$ZEC
If you look at the history of the current long-term trend’s development, you’ll see that twice in a row the price drew the same pattern: forming an ascending channel, breaking down through that channel, building up below it, and then exiting upward by taking out the local maximum.
Now the same thing is repeating, only within a wider range: the price has moved out of the ascending channel to the downside and is starting to consolidate.
So I will be building a long position with a stop-loss below the local support levels around 1220. Take profits after a breakthrough of the round number 2000.
#zec
If you look at the history of the current long-term trend’s development, you’ll see that twice in a row the price drew the same pattern: forming an ascending channel, breaking down through that channel, building up below it, and then exiting upward by taking out the local maximum.
Now the same thing is repeating, only within a wider range: the price has moved out of the ascending channel to the downside and is starting to consolidate.
So I will be building a long position with a stop-loss below the local support levels around 1220. Take profits after a breakthrough of the round number 2000.
#zec
