ZEC pointing to the sky, or maybe not?
Updated
In the 4H graph we can see that ZEC has a strong
bullish trend, with good long-term projection being inside
of this trade since December this way we will be analyzing
this coin regularly, without further preambles let's continue!
We already tested the floor in 0.5 fib delay, savoring the drops
with the roof EMA50 expecting change of trend when crossing
with the EMA200 and start a new bullfight, otherwise we will see
to ZEC in serious problems testing supports in the delay 0.382 fib
continuing with good projection above the EMA200 we could take as objective the (Line Pink) in the medium term noting that ZEC is one of the currencies that best behaves compared to the BTC, most of the Alts come down when BTC tests lines of support
There is no bullish confirmation yet not to exceed 0.618 levels and improve the picture knowing that in the crypts everything is possible, without further limiting continue to see how the market of BTC / USD and ZEC behaves for the next update we will see what the trend and if we keep the points we want to reach!
A warm greeting from this market analyst, Cocot3ro
This analysis was made for educational and research purposes, no idea published by me is 100% accurate, make your decisions to invest with greater maturity and not risk
What you are not willing to lose, very much luck.
bullish trend, with good long-term projection being inside
of this trade since December this way we will be analyzing
this coin regularly, without further preambles let's continue!
We already tested the floor in 0.5 fib delay, savoring the drops
with the roof EMA50 expecting change of trend when crossing
with the EMA200 and start a new bullfight, otherwise we will see
to ZEC in serious problems testing supports in the delay 0.382 fib
continuing with good projection above the EMA200 we could take as objective the (Line Pink) in the medium term noting that ZEC is one of the currencies that best behaves compared to the BTC, most of the Alts come down when BTC tests lines of support
There is no bullish confirmation yet not to exceed 0.618 levels and improve the picture knowing that in the crypts everything is possible, without further limiting continue to see how the market of BTC / USD and ZEC behaves for the next update we will see what the trend and if we keep the points we want to reach!
A warm greeting from this market analyst, Cocot3ro
This analysis was made for educational and research purposes, no idea published by me is 100% accurate, make your decisions to invest with greater maturity and not risk
What you are not willing to lose, very much luck.
Note
In this update we can see that the Bitcoin started a bullrun towards the levelsof 11.2k, for nobody is a secret that most of the Alts fall to the floor during the
BTC runs, keeping in mind that ZEC has not fallen into the danger zone below
of level 0.5 Fib this is a sign that the ZEC / BTC market remains stable, a
fight between bulls and bears that has not finished until you see a stability in the price
bitcoin, all eyes on the market until the next update.
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.