ZECUSD - Copied & Pasted For Easier Reading of Text Bubbles...
...in comments.
I must remain neutral on this pair at the moment. We are currently at a major resistance level. However, the way the price action has continued upward despite the green going downward when red and/or black LSMA lines exit the right side of the green line heading down, this tells us we MIGHT have a potential for a breakout brewing to possibly go up to test $70 again.
I would recommend caution at our current location IF you have not made entry on this one yet. Meaning, set a stop loss you feel comfortable with if you decide to go long here. The 2h TF shows the green approaching 20% [Currently @ 42%). Meaning, this downward pressure we are currently
contending with will soon turn to showing upside strength.. The red and black lines in the 2h TF can
still turn upside to go to 80+ percent. It's quite possible based on our current price action.
I must remain neutral on this pair at the moment. We are currently at a major resistance level. However, the way the price action has continued upward despite the green going downward when red and/or black LSMA lines exit the right side of the green line heading down, this tells us we MIGHT have a potential for a breakout brewing to possibly go up to test $70 again.
I would recommend caution at our current location IF you have not made entry on this one yet. Meaning, set a stop loss you feel comfortable with if you decide to go long here. The 2h TF shows the green approaching 20% [Currently @ 42%). Meaning, this downward pressure we are currently
contending with will soon turn to showing upside strength.. The red and black lines in the 2h TF can
still turn upside to go to 80+ percent. It's quite possible based on our current price action.