ZCash potential good buy opportunity - Support Trendline
ZCash didn't fair too well in the past few hours, Bitcoin's heavy drop today likely didn't help.
As I mentioned, I haven't followed ZEC much before, nor did detailed analysis. Please do additional research.
Observing it more closely however, it's BTC/ZEC pair seems to constantly find support across that orange trend line. It may now be a better buy opportunity (still DYOR).
I had analyzed the USDT/ZEC pair earlier, which may not have been the better trend to watch.
As I mentioned, I haven't followed ZEC much before, nor did detailed analysis. Please do additional research.
Observing it more closely however, it's BTC/ZEC pair seems to constantly find support across that orange trend line. It may now be a better buy opportunity (still DYOR).
I had analyzed the USDT/ZEC pair earlier, which may not have been the better trend to watch.
Note
ZCash is currently pumping while most other coins are falling.I posted this potential bottom 1hr ago.
ZEC up ~6% since.
Note
ZCash Pumped 10% in 1hr. I don't have exact targets at the moment, since I'm not used to charting this coin. If I can develop targets while observing it's movements, I'll do so & post.
I caution again that ZEC is highly volatile.
For now I'm manually trading the price swings.
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Related publications
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.