The_Blockchain_Monk

ZECBTC Oversold, approaching resistance, looking for reversal

POLONIEX:ZECBTC   Zcash / Bitcoin
ZEC is in a current down trend approaching some key resistance levels. RSI signaling oversold on the 1 day, 4h, 1hr time frames, MACD is approaching signal line, we could see a bullish cross in the next couple of weeks. ZEC can very well continue down to 0.025 or even 0.020. Looking for a bullish entry. Thoughts?
got a little bounce today. hopefully we can see some follow through and set some higher highs
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It has looked prime for reversal in several spots for a few weeks now IMO and has failed to breakout up. At some point it will have nowhere to go but up based on these indicators. Hopefully we see a move soon!
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