ZCash has seemed to shake off the FUD of the Bitcoin market and begin to make some moves of its own. One of the only coins "in the green" on Coinmarketcap, Zec has also been one of the only coins not to break out since early December.
Let's look at the charts.
THINGS TO LOOK AT
Zoomed Out:
- Price is still below long term diagonal resistance.
2.) Price broke above the 50&200 moving averages (YELLOW&ORANGE)
Zoomed In:
1.) Price broke thru the cloud, looking for possible retest at bottom of cloud. (possible edge-to-edge trade?)
2.) Possible BULLISH TK CROSS, not confirmed yet.
For more information on the Ichimoku cloud, consider clicking these links:
https://steemit.com/altcoins/@ddepalma/using-the-ichimoku-cloud-to-trade-altcoins-edge-to-edge-trades
https://steemit.com/bitcoin/@ddepalma/bvyeor76
For more on how I look for lowcap altcoins consider clicking this link
https://steemit.com/altcoins/@ddepalma/6-ways-to-build-your-shitcoin-portfolio-find-lowcap-gems-and-profit
TWITTER: twitter.com/southparkcrypts
YOUTUBE: @cryptojimmy
https://www.youtube.com/channel/UC4iKbpD8ciEiN46AcGajUvA
BTC TIP JAR:
14soFE4yTKHZTE1aRUcXmTTeRmN3RLba4j
LTC TIP JAR:
LP5x8JpLYHratX6LVNY9sNUnUy3SL57CqN
ETH TIP JAR:
0x359637a4197D7ec9787DFaAE2316C55b943C3ECF
****NOT FINANCIAL ADVICE ONLY OPINIONS BASED ON TECHNICAL AND FUNAMENTAL ANALYSIS!!!!****
Nice post