CaptainQuickWit

Zcash reversal. Favorable risk/reward.

Long
POLONIEX:ZECUSDT   Zcash / Tether USD
The overall pattern we have been seeing is that the uptrend kept losing momentum, eventually turning into sideways then reversing to trending downwards. I have drawn the two trend lines more of an average price range rather than hard support/resistance. I see this going two ways: the price reverses and goes back into the price range, or moves sideways within/just above the orange lines, or takes an entirely new trend. Either way the risk/reward is favorable for a long position since the previous support appears to be holding. The blue zones represent overbought/undersold if the price is being viewed as sideways movement. Use the support I drew at the bottom of the wedge as confirmation.
Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.