gandolfthegray
Long

ZECBTC daily - near the bottom

BITTREX:ZECBTC   Zcash / Bitcoin
ZEC can be seen on the daily chart to be at or near the lower resistance. For educational purposes, this may be a good place to consider a buy. RSI is near oversold level and appears to be showing higher low while price showed a lower low. Keeping in mind the time scale, ZECBTC appears to be well-positioned to move up as things play out with BTC over the next days to weeks and have a lot of upside. Finally, MACD has crossed over to bullish , further suggesting a shift towards buying.

Additionally, ZEC may be have relatively lower risk relative to other smaller cap coins - ZEC is currently 25 for marketcap.

Alternatively, if BTC goes lower in the next days to weeks, ZEC may go down further.

This is not meant as trading advice.
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