Zcash / BitcoinShort
ZCash analysis
As seen by the Fib retracements ZCash is really suffering from heavy resistance, as well as several negative technical signs. Add in news about the Bitman Z9 being on the market soon and the fork drama unfolding on the ZCash forums I believe Zcash would be a bad hold right now. It would be healty for ZEC to retest the bottom and either form a double bottom signaling a price strength confirmation, or break through and create lower price. If the ZCash community is divided and a highly contentious chain split/hard fork the price could plummet. I believe the risk to reward ratio for ZEC is unacceptable and will be looking towards ETH or NEO instead.
Due to the aforementioned reasons I will be selling all my ZCash as soon as I can at a somewhat decent price.
I am not a financial advisor and this is not financial advice, just personal opinion.
Due to the aforementioned reasons I will be selling all my ZCash as soon as I can at a somewhat decent price.
I am not a financial advisor and this is not financial advice, just personal opinion.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.