Zec against BTC now is situated into a Triangle where:
-Stoch is overbought 89+ and soon will be a bearish divergence here
-MACD it-s still in negative zone,they have room to go up till neutral zone(0) is bearish
-RSI 52 and still droping
Wait for LONG ENTRY:
IF BTC make a breakdown we will have the opportunity to entry long in zec at these supports:
1) 0.016000 sats is a strong 1D support.
2) 0.012000 sats for a nice double bottom ,this is also a fibonaci 78.60% support
IF BTC will going up,we will entry at 0.0169 which is the resistance of triangle
In any case,they will drop
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.