Trade Recommendation: Zcash

The trading idea is based on a breakout above the downtrend line and the local swing high with further upward movement. Pending orders for buy can be placed at 342.00 level with stop orders below SMA100 at 310.00 level. The main profit target should be at 400.00 level. If you don’t use leverage, trading volume for this trade is up to 5% from your deposit.

Buy: 342.00
Stop: 310.00
Profit Targets: 400.00

The trading signal is based on Poloniex chart.
Disclaimer: The analyst does not have investments in Zcash.

Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.