Zcash Continues Bullish: The Bottom Is In, Higher Prices Forever

Notice how Zcash continues bullish and moving within a rising channel. For this pair also, 3-Feb. means the correction/market low. This is always quite revealing because the Cryptocurrency market is one; what one does, the rest follows.

ZECUSDT has been producing higher highs and higher lows since July 2024, more than 8 months now.

The flush earlier this months is confirmed a flush because of the long wick on the 3-Feb. session candle. The lower wick is very long as the market was activating all the stop-loss orders that are set on the exchanges. This is why I recommend using a manual stop-loss. If you used a manual stop-loss, this move would result in no loss and the market recovers the next day. If you set a limit order as your stop-loss, you are simply telling the exchanges and the bots that you are committed to sell at a low price, and that's exactly what you get.

It is better to buy and hold focusing on the long-term.

Cryptocurrency is new.
Cryptocurrency is bullish.
Cryptocurrency is young.

With a new, bullish and young market, the best strategy is to buy and hold.

Cryptocurrency is the Internet 2.0.

We are only getting started and we will definitely change the world; for the better.

Thanks a lot for your continued support.

Namaste.