🐳 The $ZEC daily line has formed a golden cross. Looking from a holding perspective:
The bearish momentum bars have continued for 23 daily candles, indicating that bears have been dominant during this period, and selling pressure is finally easing. However, the crossover is below the zero axis, and there are still quite a few trapped positions above, so when it rebounds to the previous high-volume trading area, it is likely to encounter selling from traders looking to break even.
What do you think? See you in the comments.
The bearish momentum bars have continued for 23 daily candles, indicating that bears have been dominant during this period, and selling pressure is finally easing. However, the crossover is below the zero axis, and there are still quite a few trapped positions above, so when it rebounds to the previous high-volume trading area, it is likely to encounter selling from traders looking to break even.
What do you think? See you in the comments.