ZEC Likely To Move With The Crypto Market
Kiana Danial | Jan 21, 2019 12:18AM ET
On the price action side, the ZEC isn’t that exciting. In fact, it’s just been hanging below the daily Ichimoku Cloud, around key support of $51 for the past month. If the majority investing crowd lose their faith in the crypto for one second, it could start dropping like it’s hot towards the all-time-low level of $27.
On the flip side, if this support holds and ZCash believers start to pile up, we could see a brand-new bullish market sentiment that could take ZEC/USD above the Ichimoku cloud and towards the 23% Fibonacci level of $228.
Now the question is if you put the fundamentals and the technicals together, would cheaper prices be a buy the dip opportunity? Please note that even ZCash is on your top list, you still need to only invest the money you can afford to lose in the volatile crypto markets. Also, make your purchases proportionate to your risk tolerance.
/h3
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