Zcash (ZEC/BTC) + BTC/ETH/LTC Technical Analysis!
Weekly
Looking at our trend timeframe we see price is currently looking to form a double inside our 0.25 support zone. Stochastic RSI showing momentum still has some room towards the downside, price is pretty close to ZEC/BTC historical lows. On July 13 Coinbase announced ZEC was a candidate to be added to their exchange in the near future. FOMO is in in the air…
Daily
Shifting over to our pattern timeframe we see price broke out of its bearish parallel channel with the coinable news. Stochastic RSI showing momentum has temporarily peaked and we should be seeing a small correction and ZEC retrace towards 0.26 bouncing off our channel.
4Hour
Finally looking over at our trigger timeframe we see price has recently formed a double top at 0.28 and we should expect price to fall back towards our breakout zone for a retest of support. Stochastic RSI showing momentum in favor of bears. A 4hour close above 0.28 activates our trade, otherwise wait for a drop towards 0.26
Conclusion
- Buy: After Daily Close Above 0.28 / Bounce Off 0.26
- Sell: HAHA
Comment Down below what coin you want me to do next! ;)
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Disclaimer: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
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