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CryptoNapp
Mar 4, 2018 12:40 PM

Zcash entering a MAJOR decision zone 

Zcash / BitcoinBinance

Description

Hello everyone! Things are not sure in the zcash-btc match for the next couple of days. On one side, guarding the bottom price range, we have our big support zone, followed up by a 1 day RSI oversold indicator. On top, we have a strong resistance trend line with 1 hour RSI pointing at overbought, price right at the Bollinger band top range and volume steadily dropping in spike size. What is most likely to happen is a short term bounce off of the resistance and going to the support line or close to it, and then spiking up. I wouldn't buy or sell Zcash now, but if you do have it, HODL boys and girls!
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