ZEC/BTC
Ok so bitcoin is on the move, that means that alts will do their thing too and for zec, this looks like anything below 0.074 is a bargain. Check those fibs, we might reach the 50% fib test it and see how resistance acts there, we're definitely passing the 31.8% by november - december. Its a pretty strong move, that daily stochastic shot up and now its stuck in the oversold area, meaning the strength is still there and the 23.6% fib might look like enough ceiling to stop the move and reset the momentum but we have two scenarios, either that fib breaks and we trade above treating it as support for next moves, or we trade in a range around this to possibly extend this tension the markets have been experiencing lately. The ichimoku got pierced today breaching the top span, shits gonna get serious but again, it could range to build tension. Definitely the market is acting according to china news, no surprise.
This is one of the very vastly alts that will start exploding in october.
This is one of the very vastly alts that will start exploding in october.
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