Two hours ago, I said I’d only count $ZEC above 1250 if it closed there on the daily chart, and I wouldn’t chase it.
Not long after I posted that, it shot up and touched 1268. At the time, it really looked like it was about to take off.
Now it’s back near 1240, giving back the entire move above that level.
I guess I was half right. Not chasing was the right call—anyone who bought when it moved above 1250 intraday is now sitting on a loss. But it hasn’t really broken down either; 1180 is still a long way off, so the bullish outlook isn’t wrong for now.
The daily candle hasn’t closed yet. Let’s see what it looks like after the close.
#Zcash
The above is only my personal view and does not constitute investment advice.
Not long after I posted that, it shot up and touched 1268. At the time, it really looked like it was about to take off.
Now it’s back near 1240, giving back the entire move above that level.
I guess I was half right. Not chasing was the right call—anyone who bought when it moved above 1250 intraday is now sitting on a loss. But it hasn’t really broken down either; 1180 is still a long way off, so the bullish outlook isn’t wrong for now.
The daily candle hasn’t closed yet. Let’s see what it looks like after the close.
#Zcash
The above is only my personal view and does not constitute investment advice.
