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noam_chom
2 nov. 2021 17:36

Binance Market - Zcash vs Bitcoin - double bottom reversal Long

Zcash / BitcoinBinance

Description

Maximum near term target is 10X from the local bottom which about 0.019000

the 5X target looks more reasonable 0.0110000

less ambitious targets also relevant. Primary drivers are the supply shock squeeze, and whether or not Robinhood App includes Zcash in its new set of crypto asset markets.

Its already got access to the #2 and #3 FOMO apps which are WeBull and Public.com

Commentaire

rounding out the bottom. trade still active

Commentaire

breakout above the 20 ma is confirmed, now retesting the 50 ma as support.

long way to go up for the 200 (at approx 0.011000 bitcoin)

Commentaire

massive rejection on the breakout. needs to consolidate and retry another move above 0.0044000

Commentaire

huge dry up of volume. risky to long here without bullish volume confirmation

Commentaire

this is starting to look appealing again. prior breakout rejected fast.

Commentaire

Rally to April 18th!
Commentaires
noam_chom
market for Bitcoin has gone to hell, which puts a lot of gravity on altcoin-bitcoin pairs. this does not look good for zcash
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