Hey dear friends, hope you are well, and welcome to the new update on Zcash (ZEC).
The previous bullish Cypher move of ZEC produced more than 178% profit rally:
https://www.tradingview.com/chart/ZECBTC/lWxjmGkI-Zcash-formed-bullish-Cypher-for-upto-70-move/
Previous idea after the rally:
Now this time on 2-daty time frame chart, the price action of ZEC has formed another bullish Cypher pattern. There is also 100 simple moving average support below the buying zone.
Buy and sell targets:
Buy between: $213.89 to $170.91
Sell between: $247.73 to $328.97
Stop loss:
The maximum extent of potential reversal zone $170.91 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 92%, and the loss possibility is 21%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
For more harmonic trading ideas you can join:
https://www.patreon.com/moon333
Link for Binance exchange, the best place to buy or sell Crypto:
