What the news is missing about $ZEC
The headline everyone is reacting to: "September Fed interest-rate increase is 'very unlikely,' Goldman Sachs says"
Here's what the chart says, which is a different story.
Price: 509.4 (+4.35%)
RSI: 55 — neutral
Structure: recovering
Range position: 49% of the last 30 days
NEWS VS PRICE
Price usually moves before the story explains it. The question is never "is this news good" — it's "was this already in the price".
MY READ
Almost got decent 4% return. Will share the trade ince completed fully.
THE LEVELS THAT SETTLE IT
Above 493.4, the bulls were right.
Below 481.8, they weren't.
The headline everyone is reacting to: "September Fed interest-rate increase is 'very unlikely,' Goldman Sachs says"
Here's what the chart says, which is a different story.
Price: 509.4 (+4.35%)
RSI: 55 — neutral
Structure: recovering
Range position: 49% of the last 30 days
NEWS VS PRICE
Price usually moves before the story explains it. The question is never "is this news good" — it's "was this already in the price".
MY READ
Almost got decent 4% return. Will share the trade ince completed fully.
THE LEVELS THAT SETTLE IT
Above 493.4, the bulls were right.
Below 481.8, they weren't.