ZEN-BTC: Since last October Zencash is showing an upwards channel were the prices have testing for several times that low level resistance and maintaining that structure. At this point we can see that we approach a possible good trading location at the 0.003209 level, that price is again confirming the “W” structure at that level. We have also notice a MACD divergence confirmed, and a Willy that was heavily oversold and that is now moving upwards.
Now we also see a bullish “railroad track” caddle formation, in the daily chart, supporting the 0.0031 level.
If you want to increase your portfolio with this coin, an entry between the 0.0032-0.0030 levels, as we retest this prices, is a possible good location to do so.
If you believe in a more bearish look as we approach a more delicate time with some important meetings happening this week, a retest of the low trendline channel is possible in the 0.0028´s levels, and should adopt a little patience for the resolution of those occurrences.
If you want to increase your portfolio with this coin, an entry between the 0.0032-0.0030 levels, as we retest this prices, is a possible good location to do so.
If you believe in a more bearish look as we approach a more delicate time with some important meetings happening this week, a retest of the low trendline channel is possible in the 0.0028´s levels, and should adopt a little patience for the resolution of those occurrences.