Analysis 4.10.2017 Trade Recommendation: Zcash

The price dropped to SMA100 and we can expect for price reversal with further upward movement from this zone. MACD histogram supports this movement and DMI allows to open long trades. If the price breaks the downtrend line, it will be an additional confirmation of the upward movement. Pending orders for buy should be placed at 255.00 level and stop orders at 225.00 level. Profit targets are 300.00 and 400.00 resistance levels. If the market breaks SMA100, we’ll have to delete buy orders and wait for a new trading signal. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.

Market: ZECUSD
Buy: 255.00
Stop: 225.00
Profit Targets: 300.00 and 400.00

The trading signal is based on Poloniex chart.

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