Zcash
Short

Zcash grinding along in rising wedge

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Looking at the chart of zcash against the Dollar, price is within a rising wedge pattern. The RSI is grinding up and appears to lack any conviction.

Odds favor a downward move. Targeting the 38% Fib as the first target should a breakout of the pattern occur.

Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Transaction en cours
We have the breakout. Manage stops according to your risk appetite.
Transaction en cours
I've moved stops to BE
Trade fermée: ordre d’arrêt atteint
Out for breakeven
Note
Interesting how it failed to reach the 38% Fib. Sign of strength?
Bitcoin (Cryptocurrency)Chart PatternscryptopatternRising WedgeTrend Analysiszcash

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