ZEC has fallen below 1271, with a low of 1194.
Yesterday, I was still noting that it hadn’t made a new low along with BTC. Today’s bearish candle has completely taken back that claim.
I couldn’t find a specific reason for today’s move. The script over the past few days has been long positions getting liquidated layer by layer. RSI has dropped to single digits. I won’t try to call the bottom or add to my position.
From 1699, it’s already down nearly 30%.
#zcash #zec $ZEC
Yesterday, I was still noting that it hadn’t made a new low along with BTC. Today’s bearish candle has completely taken back that claim.
I couldn’t find a specific reason for today’s move. The script over the past few days has been long positions getting liquidated layer by layer. RSI has dropped to single digits. I won’t try to call the bottom or add to my position.
From 1699, it’s already down nearly 30%.
#zcash #zec $ZEC