Often times the divergence turns the trend around. I would like to see this on ZEC.
The support level looks good; even though the daily spike went down, it didn't close much lower.
It still has some resistance that comes from the fundamentals of ZEC, but my personal opinion is that the currency will find some good news in the coming days/week.
So the lower movements of ZEC might just be a discounting pattern to get rid of the scared and unexperienced buyers that have no patience and no discipline.
It is a risky trade to buy ZCASH but this job is all about taking the calculated risks.
There is also a divergence between the price of BTC and the price of ZEC and IMHO this gap will be filled. I prefer to get a long position for ZEC, than a short one for BTC. It was a very very good time to hedge those two buy buying both!
ZECBTC
ZECUSD
For the ones that want to ask or answer questions (beginners or pros) we have the private Telegram group here: t.me/cryptoQA
The support level looks good; even though the daily spike went down, it didn't close much lower.
It still has some resistance that comes from the fundamentals of ZEC, but my personal opinion is that the currency will find some good news in the coming days/week.
So the lower movements of ZEC might just be a discounting pattern to get rid of the scared and unexperienced buyers that have no patience and no discipline.
It is a risky trade to buy ZCASH but this job is all about taking the calculated risks.
There is also a divergence between the price of BTC and the price of ZEC and IMHO this gap will be filled. I prefer to get a long position for ZEC, than a short one for BTC. It was a very very good time to hedge those two buy buying both!
ZECBTC
ZECUSD
For the ones that want to ask or answer questions (beginners or pros) we have the private Telegram group here: t.me/cryptoQA
To define trading is to limit trading. Goldman Armi
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