ZEC: Uh oh...
Not going to add anything to this chart besides the red box right now because it is not super needed, there is no reason to be bullish on ZEC until it breaks in the 0.017 price area, that would be the bottom of the red box that is on the chart.
Right now the red box is support turned resistance, and things could be headed down hill for ZEC in the short term, hopefully eventually finding its way back into this support box.
Will re-post and update a chart with some analysis when ZEC breaks back above 0.017, that is a crucial level I am watching for the time being.
At some point the Lizard Overlords have stated that 1 BTC = 7 ZEC , so if you are aiming for that price target this is not a bad level to start averaging in.
No longer posting links in trading view descriptions, but you can find my twitter in my trading view profile bio. I have a discord group which can be found on my twitter.
Right now the red box is support turned resistance, and things could be headed down hill for ZEC in the short term, hopefully eventually finding its way back into this support box.
Will re-post and update a chart with some analysis when ZEC breaks back above 0.017, that is a crucial level I am watching for the time being.
At some point the Lizard Overlords have stated that 1 BTC = 7 ZEC , so if you are aiming for that price target this is not a bad level to start averaging in.
No longer posting links in trading view descriptions, but you can find my twitter in my trading view profile bio. I have a discord group which can be found on my twitter.
Penafian
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