The Ultimate $ZEC #ZCASH #ElectricCoin Break Out
Hello Fellow Crypto Traders,
Let's take good ol' gander at the most popular under-performing coin on the market $ZEC!!!
I broke the analysis down into 3 possible plays: A, B, & C
NOTE: The pink trend line DOES NOT BREAK *yet*
A: $ZEC seems to have enough volume and sentiment to keep this uptrend going, if it does, it will no doubt have to reload the oscillators and take a solid bounce (LOTS OF VOLUME) off of the thin blue line (.0133), I would become a half-bull at this point. If the pink line breaks and holds for a candle or two, the pump that follows will be unlike any other we have recently witnessed.
B: If the thin blue line breaks we can expect a retrace all the way down to previous lows with a very brief bounce off of the psychological support of .013, if it bounces with conviction we still have a shot at breaking the NOTORIOUS pink trend line. (More volume must be present in order for me to flip to bull on this bounce otherwise we go to option C)
C: This option plays into statistics and probability. It has NEVER broken the pink trend line, if the thin blue line breaks, expect the thick blue line to break, if that all happens, we are in uncharted waters once again and are testing new lows, which is always extremely risky.
Check back in, comment with your thoughts, and always DYOR, but most importantly preserve your capital for the future!
-AllAboutTheFuture
Let's take good ol' gander at the most popular under-performing coin on the market $ZEC!!!
I broke the analysis down into 3 possible plays: A, B, & C
NOTE: The pink trend line DOES NOT BREAK *yet*
A: $ZEC seems to have enough volume and sentiment to keep this uptrend going, if it does, it will no doubt have to reload the oscillators and take a solid bounce (LOTS OF VOLUME) off of the thin blue line (.0133), I would become a half-bull at this point. If the pink line breaks and holds for a candle or two, the pump that follows will be unlike any other we have recently witnessed.
B: If the thin blue line breaks we can expect a retrace all the way down to previous lows with a very brief bounce off of the psychological support of .013, if it bounces with conviction we still have a shot at breaking the NOTORIOUS pink trend line. (More volume must be present in order for me to flip to bull on this bounce otherwise we go to option C)
C: This option plays into statistics and probability. It has NEVER broken the pink trend line, if the thin blue line breaks, expect the thick blue line to break, if that all happens, we are in uncharted waters once again and are testing new lows, which is always extremely risky.
Check back in, comment with your thoughts, and always DYOR, but most importantly preserve your capital for the future!
-AllAboutTheFuture