The stronger the signal, the higher the chances that it comes true and price moves to where the signal is pointing.
Here I am looking at early signals for Zcash ( ZECBTC ), hit like if you want to now and let's take a look at those together:
- I marked on the twice, this is the main signal we will be looking at.
- The first arrow is purple and goes back to ZECBTC Sept. '18 low until the 8 March low. You can see the price moving lower while the , line, and signal, are moving higher. The second divergence is the blue arrow.
- These are good and strong signals but they haven't come into play, it can still go lower. So we are waiting/looking for a break above EMA10, with above-average to further support these signals and start a trade. ZECBTC might be looking soon.
In the meantime, I stay away because ZECBTC tends to disappoint me about 80% of the time. Better choices out there.
Thanks a lot for reading.
This is a chart analysis shared for fun, learning, and entertainment purposes only. This is not a piece of trade advice, my trades contains buy-in, targets, stop-loss, and additional information... See an example here:
Thanks you for the support.
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