RATE Group | Trade Recommendation: Ontology/Ethereum | Hacked: Hacking Finance
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Trade Recommendation: Ontology/Ethereum | Hacked: Hacking Finance

13 Oct Trade Recommendation: Ontology/Ethereum | Hacked: Hacking Finance

Posted at 22:35h in Ethereum News by

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Our June 25, 2018 trade recommendation for the Zcash/Ethereum pair (ZEC/ETH) hit its mark on August 24. On that day, ZEC/ETH climbed to as high as 0.50352362. Despite the overall bearish sentiment in altcoins, those who followed the trade recommendation grew their investments by over 40% in two months.

While we were right on the money in terms of price in this trade, what we did not expect was the strong bullish momentum of the market. The pair exceeded our expectations and climbed as high as 0.6527 on September 26. Though we missed this rally, we were confident we’ll get another shot. After all, the market is in a clear uptrend.

Technical analysis show that ZEC/ETH has breached resistance of 0.55 on September 5, 2018. This triggered the breakout from the large triple bottom structure on the daily chart.

The strong base built by the triple bottom is what’s enabling the market to generate strong rallies. A significant number of participants are holding positions…

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