Feeling neutral, thinking a btc push up is gonna push these all down a bit. Alts starting to bottom/pump and are also hitting resistance, so perhaps if btc stays same level they will break up. If btc moves up, perhaps they will retrace. I am leaning towards retrace but who knows.
I don't usually chart "shitcoins", but this chart is definetely interesting, especially combined with the probably bearish BTC action in the next 4 or 5 weeks. Price is above averages, we have good volume and a POC in the Volume by Price, so it seems to be consolidating and getting ready for a next impulse up, with a possible 100% upside target. Time to buy when...
RSI hit oversold and broken from its downtrend. That means that there is some room to the upside, but...
Zcash's inflation rate is really high. It has also broken most support lines and the downside seems more probable.
I can't see how 1 ZEC could be worth 0.05BTC with such high inflation and no real use cases. Nobody is really using its anonimity feature,...
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...
Zcash has been falling continuously with some minor retraces to the upside on the road. It is probable Zcash will follow this path in the future again, but a bigger correction to the upside might be upon us for now. The impulse wave A of the correction seems drawn and the corrective wave B of the correction could be over any time soon.
Getting in here and picking...
On the previous chart, the BTC was in the overbought zone with a high probability that they RSI will break and making a downtrend pushing ZEC to a pump.
Today, the King, seems to be solid and bullish. Attempts to break the resistance of the highest psychological weight USD 740 and falls, but it recovers immediately. Without giving time to most of the altcoins mark...
