Zcash( $ZEC ) Technical Analysis: 01/02/2020 - #ZECUSD chart
Zec against BTC now is situated into a Triangle where: -Stoch is overbought 89+ and soon will be a bearish divergence here -MACD it-s still in negative zone,they have room to go up till neutral zone(0) is bearish -RSI 52 and still droping Wait for LONG ENTRY: IF BTC make a breakdown we will have the opportunity to entry long in zec at these supports: 1)...
The main price zone of 175-185 $, from which all the powerful upward movement began, was broken down. Within 2 weeks, buyers were not able to return this zone to themselves. Between the price zones 95-105 $ and 175-185 $ there is no liquidity. This will allow the price to easily reach my target.
Following the BTC We are waiting for the test of the level of price imbalance ZEC USD. Support is expected in the region of $ 130, after which there will be a pullback of the price to the top, a retest of the support level and two options for the development of events: the scrapping of the bearish trend or its continuation. All moving averages are bearish. We are...
ZEC Could break out soon.. Follow the channel to short through the rise. Warning: If BTC falls it could either drag it down, or BTC investors could pour into alt coins and cause them to rise. Trade safely my friends.