ZEC/BTC
ZEC pump over 90% from Swing Low up to 7000 sats area without even resting at 200D MA.
This coin hasn't built any support during its uptrend and I won't be surprised in the future if the price will drop drastically back to 200D MA.
I don't recommend opening a bids order as the RSI hits extreme overbought conditions.
Wait for a pullback at key support...
I have noticed Crypto twitter being overly bullish on ZEC. I have no idea for what reason because they see a 4h bullish rsi divergence? All this tells me we could definitely see a bounce but a reversal no way!
We broke a BIG high timeframe a week ago we have not yet tested that level i expect that level to hold as HARD resistance. as long we do not trade above...
One Falling wedge overlapping another one, arrows are indicating movement and green flags showing both apexes.
Most probably chances are pattern will break in upside, place stop loss according to you...
Hi Dears,
At this point there is a possibility of a correction.
But the end result will be the Bear Market.
Remember that nothing in this world is 100%
Good Luck
