ZEC can be seen on the daily chart to be at or near the lower resistance. For educational purposes, this may be a good place to consider a buy. RSI is near oversold level and appears to be showing higher low while price showed a lower low. Keeping in mind the time scale, ZECBTC appears to be well-positioned to move up as things play out with BTC over the next days to weeks and have a lot of upside. Finally, MACD has crossed over to bullish, further suggesting a shift towards buying.
Additionally, ZEC may be have relatively lower risk relative to other smaller cap coins - ZEC is currently 25 for marketcap.
Alternatively, if BTC goes lower in the next days to weeks, ZEC may go down further.
This is not meant as trading advice.
Additionally, ZEC may be have relatively lower risk relative to other smaller cap coins - ZEC is currently 25 for marketcap.
Alternatively, if BTC goes lower in the next days to weeks, ZEC may go down further.
This is not meant as trading advice.