Trade Recommendation: Zcash

The market could not drop below 160.00 support level. RSI and a bullish candle confirmed price reversal. MACD histogram confirms upward movement and we should join to this movement. Pending orders for buy can be placed above 200.00 resistance level. If the market breaks it, it will give us an additional confirmation for buying. Stop orders must be placed below 160.00 support level. Profit targets are 300.00 and 400.00 resistance levels. If the market drops below 160.00 level without activation buy orders, you will have to delete these orders and wait for new trading opportunity. If you don’t use leverage, recommended trading volume for this trade is up to 15% from your deposit.

Market: ZECUSD
Buy: 203.00
Stop: 140.00
Profit Targets: 300.00 and 400.00

The trading signal is based on Poloniex chart.

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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.