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:
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Update:Things get clearer when you look at ZECUSD. A consolidation, without the strength of Bitcoin.
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The daily candle have closed. First bullish one since the peak a month ago.
Everything looks primed
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cointelegraph.com/news/apple-accepts-zcash-as-legitimate-cryptocurrency-now-available-on-iosSpicing up the pump...
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ZEC flagging in the smaller timeframe.. Should be testing 0.07 by tomorrow註釋
Healthy correction so far on the 1H chart.
Daily: ZECUSD is close, while BTC's strength relative to USD is holding ZECBTC a little.
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Another excellent daily candle close for ZECUSD
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ZECBTC testing resistance...however ZECUSD is already in a highway.
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