ZECBTC 1D CHART ZCASH MARKET CONDITIONS

ZECBTC bounced from support zone and crossed MA20 (not shown). A break of descending channel and MA50 could lead to imminent price reversal.

RSI shows slight divergence and DMI still in range conditions.

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Price just broke downtrend channel, however, at current level, there is also a rising channel in the ZECUSD pair, and market is currently on top.
ZECBTC is more likely to keep rising if BTCUSD falls. Keep watching closely this pairs and indicators before going long.

Заметка

BTCUSD still in range, so there is no major ZECBTC move. Entry level remains over MA50

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ANALYSIS UPDATED

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