I checked the market in the middle of the night, and $ZEC nearly had me laughing. That post I put up this morning said -10% over 24h; now it’s at 1147, down just 1.6%. That plunge during the day might as well never have happened.
It bounced from a low of 1075 with three straight 1h bullish candles. The drop was real, but so was the speed of the recovery. I bet both the bears and the dip-buyers are having a hard time sleeping tonight.
Same as always: without any new major news, I’m not going to make up reasons for this rebound. The blue moving average at 1190 is still holding it down. Let’s see what happens tomorrow.
#ZEC #MarketAnalysis
It bounced from a low of 1075 with three straight 1h bullish candles. The drop was real, but so was the speed of the recovery. I bet both the bears and the dip-buyers are having a hard time sleeping tonight.
Same as always: without any new major news, I’m not going to make up reasons for this rebound. The blue moving average at 1190 is still holding it down. Let’s see what happens tomorrow.
#ZEC #MarketAnalysis