ZCASH come back on a trend line to retest resistance. If it doesn't breake resistance against bitcoin in the next week, it s a really bad coin. seems to form a double bottom against dollar
Bitcoin should not fall a lot more..
so it could be a good for a short trade
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After a Panic attack seeing that Zcash didn't hold the trend line I checked at USD pair. Still on trend. I see some bullish signs on RSI!
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we hold the fibo retracement on btc pair. Just wait to see what happens
break out on the wrong side the trend line. very attentive. Downward movement could lead to next support at 0.030
drfierce
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Out of curiosity, why do you think it is a bad coin? For technical reasons or fundamental?
FerdiHodler
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@drfierce, I think that it's a very good coin but the problem are the developpers fees. Without these fees the price would be higher. I don't know what will be with Zcash if the zclassic/ bitcoin private fork happens
"breake resistance against bitcoin in the next week" ... I forgot an s at the end of week(s)