Another scenario for $ZEC would be if price starts accepting the rVAH(1270) from above i.e ltfs starts giving us retesting on that level. Then we can look for longs from 1300 to 1500-1700 targets.
But given the recent fed interest rate hike during the FOMC and Warsh pointing out that inflation is still too hot and above our target (2%) we can expect some bearish narrative to remain intact on higher timeframe across risk assets like $BTC so if bitcoin does not accept above $76k level then I can’t be sure about this bullish scenerio playing out.
#ZcashRises6% #FedRateWatch
But given the recent fed interest rate hike during the FOMC and Warsh pointing out that inflation is still too hot and above our target (2%) we can expect some bearish narrative to remain intact on higher timeframe across risk assets like $BTC so if bitcoin does not accept above $76k level then I can’t be sure about this bullish scenerio playing out.
#ZcashRises6% #FedRateWatch
