Zcash is one of those things that has thrown me off the most these past couple months.
Everything else including
BTC has been nuking, but 
ZEC has shown insane strength.
It now appears this dino-coin is nearing the end of its run.
🚩 Double Top formed after impulsive 5-wave move.
🚩 Doji Candle followed by Bearish Engulfing on the Daily
🚩 Exaggerated Bearish Divergence on the RSI
🚩 Euphoria has been diminishing from the TL
⚠️ If it loses the 9EMA, this should confirm the next corrective wave down.
I like the ideology behind Zcash and what it offers to the market, but it has no right to be pumping with ₿itcoin nuking.
Everything else including
BTC has been nuking, but ZEC has shown insane strength.It now appears this dino-coin is nearing the end of its run.
🚩 Double Top formed after impulsive 5-wave move.
🚩 Doji Candle followed by Bearish Engulfing on the Daily
🚩 Exaggerated Bearish Divergence on the RSI
🚩 Euphoria has been diminishing from the TL
⚠️ If it loses the 9EMA, this should confirm the next corrective wave down.
I like the ideology behind Zcash and what it offers to the market, but it has no right to be pumping with ₿itcoin nuking.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.