Vermillionz

ZCASH/BTC Analysis

Long
Vermillionz Updated   
BINANCE:ZECBTC   Zcash / Bitcoin
ZCASH/BTC:
1) Falling wedge breakout
2) Possible double bottom
3) Both RSI and MACD bullish on the daily
4) Volume picking up, still lacking though.
5) Keep your eye on bitcoin as it influences the entire market.

Comment:
On the 4 Hour:
1) Breakout of falling wedge.
2) Double bottom forming.
3) RSI and MACD bullish divergence.
4) Cloud still red but tightening.
Comment:
On the 15 min:
1) Bull flag forming.
2) Macd still bullish.
3) RSI slight divergence but still well off from being over bought.
Comment:
If Breakout Fails:

Comment:
RSI on the Daily being squeezed:
Comment:
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