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Eldtrades

ZCASH in a rising wedge with heavy bearish divergence

Short
ZCash / Tether (BITTREX:ZECUSDT)  
Eldtrades  
BITTREX:ZECUSDT   ZCash / Tether
Trend Analysis Chart Patterns Technical Indicators zcash zcashusd Cryptocurrency Bearish Patterns Rising Wedge Bitcoin (Cryptocurrency) altcoin bearishdivergence
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trendanalysis chartpattern indicator zcash zcashusd cryptocurrency bearish risingwedge bitcoin altcoin bearishdivergence
Zcash has a lot, and i mean A LOT of confluence right now. I feel very weird about shorting an altcoin right now but when the TA gods speak, i listen.

Reasons to short:
- Rising wedge pattern
- Quadruple bearish divergence on the rsi
- Quadruple bearish divergence on macd
- Bearish divergence on the daily
- Bearish divergence on the 1 hour
- Strong weekly resistance

This is not financial advice, please do your own research before opening a position

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