I posted Zcash idea for short position, which was based on the big GAP on daily interval. When I look closely I missed Fibonacci retracement I placed on the chart this time. It is clear that 50% makes strong support,and any losses were rejected by this level.
If the Daily candle will close above this level and sustain price above it it is good sign that it will go towards 100$ mark.
I would wait till the price will settle above GAP and the open long position in accordance with trend with TP around 95$.
If the Daily candle will close above this level and sustain price above it it is good sign that it will go towards 100$ mark.
I would wait till the price will settle above GAP and the open long position in accordance with trend with TP around 95$.
