Let’s take a look at the Zcash this time.
It has bounced up from the record low lately.
The price has crossed the previous height for a while.
We need something stronger.
The price should stay above 0.015260 for a couple of bars.
Enter the position above that level when the rises.
Here are details of the technical analysis:
• Ichimoku Cloud - The price is above KijunSen and TenkanSen - good.
We need to jump over the Cloud.
• WBM BUY/SELL Indicator – the price is saturated temporarily. The correction is expected.
• Weis Waves – the supply has evaporated. All we need is more demand. Will it come?
• MACD – positive divergence which is bullish
So this trade looks decent.
Wait for the correction. Swing on the price is expected.
It may take up to one month.
Keep it safe.
Set your alarm on the price 0.015260 and observe if it is stable above this price.
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Thank you for reading and your time.
Are you ZEC believer, hodler or speculator?