ZEC is an interesting prospect right now. Mainly because it's counterparty trust, OTC:ZCSH is trading at a massive premium to spot at the moment. So this begs the question, which one is lying?
Historically ZEC has been in a long-term downtrend and generally can be very fickle with what it does and how it moves. This is not a long-term play for me, but it's worth a gamble to see if the spot coin is the one that is indeed not telling the truth and decides to rocket up a lot quicker.
A few minor technical factors to note like MACD moving higher and strength in RSU, but none I like that much. This trade is more of a mean reversion play and the fact that ZEC is one of the very few crypto's that hasn't moved but also has a trust on the OTC market at the moment.
Cheers, TCD
Order cancelled
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Trade closed with nominal loss. It's not going anywhere at the moment and doesn't appear it's going to either