ZEC is looking very bearish right now. It is still in a huge downtrend channel. Will be waiting until I see some sort of recovery before considering a trade. When it pumps...it will explode.
Definately not good advcie to call short when its at the end of the downtrend channel and easily one of the top 20 altcoin around with big potential.
CryptoNail
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@vintagebazaar, none of my content is advice. With that being said, I trade what I see. The chart does not look good.
LadaToLambo
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@CryptoNail, This is what the market makers want you to think, veyr often in crypto the charts are made to make you think its going to do one thing and it does the oppisite. Cant see 0.0130 getting broken. Looks like ZEC wont see below 0.0140 now. Time will tell :O)
CryptoNail
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@vintagebazaar, so you are saying TA is pointless? It seems like you have a biased towards ZEC and probably hold a bag.
LadaToLambo
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@CryptoNail, Certainly not saying its pointless, nothing that helps is pointless. It is mostly good for spotting resistance and support, Crypto often does not play by the rule book and charts will do things differently to what TA says, predicts.
Everyone knows in trading, never to have Biase :O) All altcoins are the same to me, just with difference names and they all servce one purpose.