Zcash / Bitcoin
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Looks insane... but hey! Its possible.

1179
Multiple reasons for this trade:

  • Rising trendline since 0.021 bottom remains.
  • Horizontal support at 0.042
  • A 68 million market cap coin... there's a lot of room to grow here, while alternative cryptocurrency are hot right now
  • Tight stop loss at 0.047 is possible (little loss if the trendline does not hold)
  • Possible BTC correction: syot kilat
Nota
Update:

syot kilat

Things get clearer when you look at ZECUSD. A consolidation, without the strength of Bitcoin.
Nota
syot kilat

The daily candle have closed. First bullish one since the peak a month ago.

Everything looks primed
Nota
ZEC flagging in the smaller timeframe.. Should be testing 0.07 by tomorrow

syot kilat
Nota
syot kilat
Healthy correction so far on the 1H chart.

Daily: ZECUSD is close, while BTC's strength relative to USD is holding ZECBTC a little.
syot kilat
Nota
syot kilat

Another excellent daily candle close for ZECUSD
Nota
ZECBTC testing resistance...
however ZECUSD is already in a highway.

syot kilat

Penafian

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