. ZCASH/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue.
Price is in the support zone ...
. ZCASH/BITCOIN is in a Range Bound and Beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 77.
We opened 9 Buy trade(s) @ 0.03571511 (day close price) based on 'Valley' at 05.14.2018 signaled by our "Daily Trading Opportunity".
Signal to enter ...
ZCASH is showing signs that its major corrective pullback is over, showing a similiar pattern to ETH we can expect to see a new Impulsive wave forming.
I have marked on the chart my rough idea on where I expect price to go, use as a guide only. I will start accumulating small amounts today through to Sunday.
Looking at mid to long term for now, so prepair to sit ...