Tastemaker

ZCash nearing crucial supports

POLONIEX:ZECUSDT   Zcash / Tether USD
The cryptocurrency market is overall long term bearish until proven otherwise, but many altcoins are hinting at a possible relief bounce as they approach strong support lines, are near the bottoms of channels, are oversold on the daily RSI , and playing within reversal patterns (falling wedges , etc.).

Here is a quick look at ZEC.
nice work! it's a long for me ... I will buy and set sl below support
+1 Reply
Tastemaker junoooo
@junoooo, I'm holding out in the hope for one last step down to that channel bottom/support line. For Zcash I'm looking in the $130's for entry, but maybe I'm getting too greedy.
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junoooo Tastemaker
@Tastemaker, I am afraid that we wont see a full hitting of buyzone like in april ... better 10% less winnings, than no winnings. but ... could be false too :P as anything in crypto
+1 Reply
Tastemaker junoooo
@junoooo, I'll admit it's very tempting to buy alts at these prices and might cost average in. Just have a feeling BTC has one more capitulation move in it to bring these alts to their support lines, where I assume there will be a lot of volume waiting for a nice bounce.
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junoooo Tastemaker
@Tastemaker, lets see my friend ;>
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Tastemaker junoooo
@junoooo, Indeed. Monthly candle closes tomorrow. It will be interesting to see the action over the next few days.
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