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.