Zcash
Short

$ZEC 5-Wave Impulsive End of Move

138
Zcash is one of those things that has thrown me off the most these past couple months.

Everything else including BTC has been nuking, but ZEC has shown insane strength.

It now appears this dino-coin is nearing the end of its run.

đźš© Double Top formed after impulsive 5-wave move.

đźš© Doji Candle followed by Bearish Engulfing on the Daily

đźš© Exaggerated Bearish Divergence on the RSI

đźš© Euphoria has been diminishing from the TL

⚠️ If it loses the 9EMA, this should confirm the next corrective wave down.

I like the ideology behind Zcash and what it offers to the market, but it has no right to be pumping with ₿itcoin nuking.

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