Zcash (ZEC) Is Forming Bullish Butterfly On Short Term 3hr Chart For Upto 64% Bullish Move
Zcash (ZEC) Is Forming Bullish Butterfly On Short Term 3hr Chart For Upto 64% Bullish Move

By moon333 | moon333 | 19 Jan 2020


The Priceline of World's 27th ranked cryptocurrency out of more than 2300 cryptocurrencies Zcash is forming bullish Butterfly pattern and expected to enter in bullish potential reversal zone soon.


Lets have a look on the ZEC priceline's move:

After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.786 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg is suppose to be retraced between 127 to 1.618 Fibonacci for a perfect bullish Butterfly and then the price action will be entered in potential reversal zone of this bullish Butterfly pattern, then we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move.

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As per Fibonacci sequence method we can set our targets as below for mid term trade:

 

Buy between: $42.63 to $36.27

Sell between: $47.61 to $59.65

 

So this very short term 3hr based chart has potential to give upto 64% big gains.

 

Regards,

Atif Akbar (moon333)

 

The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Butterfly pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.


moon333
moon333

Hi, My name is Atif Akbar and I share my charts about different assets as username moon333, you can find me most of the times among top authors on tradingview


moon333
moon333

Hi my name is Atif Akbar and I am one of the top 3 authors of cryptocurrency trading charts as per tradingveiw I publish there with my username moon333 to verify you can visit: https://www.tradingview.com/markets/cryptocurrencies/ideas/ I also publish the charts of different other assets like forex, commodities, CFDs Stocks e.t.c. Here you will find perfect predictions on different trading assets.

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