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Zecbtcshort

Crypto twitter overly bullish on Zcash i only see this at bestI have noticed Crypto twitter being overly bullish on ZEC. I have no idea for what reason because they see a 4h bullish rsi divergence? All this tells me we could definitely see a bounce but a reversal no way! We broke a BIG high timeframe a week ago we have not yet tested that level i expect that level to hold as HARD resistance. as long we do not trade above that level you cannot be bullish longterm on zcash. What i do see is a potential lower timeframe setup with an upside of 9% why? : - For the people that like to use indicators you got your 4h rsi divergence - Obvious 1h S/R level that has been respected nicely so far. Got to wait for that level to break again before thinking of longing this. - That lower timeframe target i pointed out we never tested that level creating inefficiency in price so i do expect Zcash to trade into the level before moving back down. - We also got the OTE Meme at our target which alines perfectly for more downside on Zcash on a longer timeframe.
Long
by Civel
3