ZEC/BTC Trading Ideas: 07/30
Jul / 30 / 2019 13:20 PM Tuesday
Here is a daily chart Zcash against Bitcoin
Seems like Zcash is always falling asset if we talking about the pair against BTC.
Indicators on the daily scale show different things, for now, but if RSI gets oversold zone and MACD still shows a divergence
it will be a nice opportunity to catch a countertrend
The 4 hr timeframe shows almost the same picture, RSI in the bearish zone but MACD already has formed the divergence
The market depth has a little ‘Bids’ advantage but the divergence ‘Bids’ with the price looks very good for bulls
The weekly MDR doesn’t differ a lot and looks bullish too
If you are bullish
Entry -0.007 (better if it is a false breakout) stop — 0.0067, take — 0.0076
If you are bearish
Entry — 0.00697, stop — 0.00716, take — 0.0066
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