Looks insane... but hey! Its possible.

POLONIEX:ZECBTC   Zcash / Bitcoin
Multiple reasons for this trade:

  • Rising trendline since 0.021 bottom remains.
  • Horizontal support at 0.042
  • A 68 million market cap coin... there's a lot of room to grow here, while alternative cryptocurrency are hot right now
  • Tight stop loss at 0.047 is possible (little loss if the trendline does not hold)
  • Possible BTC correction:
Comment: Update:

Things get clearer when you look at ZECUSD. A consolidation, without the strength of Bitcoin.

The daily candle have closed. First bullish one since the peak a month ago.

Everything looks primed

Spicing up the pump...
Comment: ZEC flagging in the smaller timeframe.. Should be testing 0.07 by tomorrow

Healthy correction so far on the 1H chart.

Daily: ZECUSD is close, while BTC's strength relative to USD is holding ZECBTC a little.

Another excellent daily candle close for ZECUSD
Comment: ZECBTC testing resistance...
however ZECUSD is already in a highway.

yeah why not looks like a launch pad
+1 Reply
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