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Monday, September 7, 2020

ZCash Needing a Dip to 56.37-57.37 to Cross trendlines to Long

ZCash Needing a Dip to 56.37-57.37 to Cross trendlines to Long

Zcash / Dollar BITFINEX:ZECUSD

I've been having success at Scalping #Zcash and #Litecoin as of late. Their patterns have become quite prediectable. In this chart you can see where a descending overthrow trendline meets the underlying, more powerful uptrendline. If the price action meets at the exact spot needed, a long may be the best opportunity. Granted I may need other confluences such as the RSI and I'll take a look at the MACD . But after some major drops in Crypto overnight, it seems like they're trying to make a comeback. with resistance on Zcash being around the $60 mark, I wouldn't shoot for any higher than that as my Take Profit. Let me know what you think.

Here's a previous Zcash win using my double RSI strategy. The (Over sold on the 19, diference of 7 or more between the 16 ans 29 RSI , Crossed The 50 and the 200 MA was used as support. Was the perfect time to pull the trigger and land nearly a 20 pip scalp.

snapshot


from Trading Ideas https://ift.tt/35dI3al
via gqrds

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