ZCash Needing a Dip to 56.37-57.37 to Cross trendlines to Long
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.
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.
Uwaga
It's going the opposite direction. Maybe need to adjust the dip to 59.81 0 60.36Transakcja zamknięta: osiągnięto wyznaczony cel
I got a dip and that's all I needed
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
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