Broke up the short term wedge pattern... could see a re-test of highs at 0.077 soon.. 0.0185 is not out of the books ;)
I think there's good odds that is the end of the ZECXBT pullback, so I expect a sharp rally starting tomorrow. I've been accumulating for some time, and my average entry is quite good, and currently in profit, so I am willing to let it run to see if we trigger a new uptrend, in which case I would be adding shorter term trades, aiming to capture the potential...
I think ZEC will be an interesting investment, but it's not safe to just enter a big position at market. I'll leave the specifics of the entry and trading strategy for my private signals group. I wanted to share my expectations here, keep an eye on it, don't miss out on the potential upside. Fundamentals are interesting, with the involvement of Zec developers...
In my opinion POLONIEX:ZECBTC is just another fork for pum/dump and miners to get BITSTAMP:BTCUSD .
Been watching the developments of ZEC for quite a while... Looks like the short term bottom is in with yesterday's capitulation below 0.022 BTC / ZEC. We're also seeing a test of falling trendline in ZECUSD pair. As always, stop loss at 0.0245. Just slightly below the current consolidation point.
It looks like Ichimoku works more precise on the ZECUSDT chart, than ZECBTC :-O
ZEC's downward trend has been going on practically since it's birth, although it is coming into the end of a wedge at the moment. It has not had a decent pump in a while and it's market cap is still quite low, so this could be a very good opportunity to to go long. The problem is, it could still break out to the down side, so a tight stop loss will be necessary...
Watching this level for any significant demand, could be a nice bounce trade ahead.