ZEC reversal. High risk
It's an alt-coin that still has to prove itself, and has some concerns like z.cash/blog/the-design-of-the-ceremony.html but it's worth to take the risk and seems to find good support at these levels. Don't hold if it breaks supports
Note
Nice trade, very sharp. No big signs that rally has finished, I took a bit of profit and I will try to add more at 86$. Lower than that, it's a steal.s3.amazonaws.com/tradingview/snapshots/x/xnFNcPGM.png
Note
Like most alts, ZEC has entered in bear mode. It's time for 20% or 30% correction of last 2 months. ZEC has been overbought, correction time to trendlines. Strong support at 80USD levelsIt's time time for BTC to shine and it will bring media attention world-wide. Alts can be bought cheaper later on.
Sell your alts and don't look back. Lots of bull traps during this next week
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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.