ZEC PERSONAL ANALYSIS IN THE LONG TERM
Updated
Chart shows common supports and resistances based on the Fibonacci and price action. The total evaluation for the ZEC token is neutral-bearish. The coin itself did not establish any higher highs, even though it was still in the recovery phase after the FOMO pump, it got rejected for a triple top on the same resistance which concludes the bearish tone that no investors are interested in keeping it in that range which can send long term confidence investment in this asset decently low. The coin has a very stable customer interest below the 0.236 and some areas above it.
The recommended strategy for this coin is to long it from within the .236 and lower areas of .382 FIB during a BULLTREND in both larger and smaller time frames. If the smaller time frame is bearish and the general trend is bullish, you may find the neutrality of the coin difficult to trade/scalp/invest since it is an alt coin. It is also recommended to short it when it reaches heavy resistance, in case that the general trend is now bearish and a manipulation pump happened reaching the heavy resistance, short is the best strong move.
The recommended strategy for this coin is to long it from within the .236 and lower areas of .382 FIB during a BULLTREND in both larger and smaller time frames. If the smaller time frame is bearish and the general trend is bullish, you may find the neutrality of the coin difficult to trade/scalp/invest since it is an alt coin. It is also recommended to short it when it reaches heavy resistance, in case that the general trend is now bearish and a manipulation pump happened reaching the heavy resistance, short is the best strong move.
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Due to the positive news of FED today, the move to the upside is more likely now than approaching the 125$ range however the resistance near the 250$ is still a major resistance until proven otherwise. Happy Longs Everyone!
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