The bearish RSI divergence on the daily chart of $ZEC rarely fails to deliver results.
Three out of three in marking its macro highs over the last 12 months.
Every time Zcash has formed an expansive higher high while the RSI formed a lower high, a local top and the beginning of a macro correction have subsequently followed.
We have also seen the opposite, with bullish RSI divergence marking the start of macro markup phases.
I’ll be watching closely to see whether a macro bullish divergence develops during this correction, which could give us an early signal of the next expansion phase.
$ZEC
Three out of three in marking its macro highs over the last 12 months.
Every time Zcash has formed an expansive higher high while the RSI formed a lower high, a local top and the beginning of a macro correction have subsequently followed.
We have also seen the opposite, with bullish RSI divergence marking the start of macro markup phases.
I’ll be watching closely to see whether a macro bullish divergence develops during this correction, which could give us an early signal of the next expansion phase.
$ZEC
